I’m surprised it hasn’t alienated workers in general vis a vis the companies they work for. I’m also surprised there haven’t been severe negative consequences…what execs and Uber capitalists have found out is that inflation and income inequality can be buried in debt. This has a bonus for them as well, at least as long as it doesn’t reach a tipping point where defaults happen that jeopardize the economy and their profits. The bottom line is that the dark triad types that lead and go for power have gamed the system for themselves and incentivized the results as well as protected themselves from accountability.
Thank you Jim. It is a marvel to me that this type of corporate behavior continues but that it is actively supported by the government. Some people think the tipping point is coming soon.
@@cycletron I am not a cassandra vis a vis when the tipping point might happen, but my guess would be that some sort of economic/social downturn would precede it that would stress the system enough for enough people to default and/or suffer a major setback in lifestyle/standard of living. I think that those that have influence and control over the economy, as much as they do, are sensitive to this and would make adjustments to mitigate a collapse that would foment bad things. In terms of the government's role, politicians are bought by lobbyists/corporations and those folks even write laws and policies that politicians put through that benefit the corporations. Some events to watch out for: China invading Taiwan, Russia escalating the war with nukes or into EU countries, some other agent acting at the behest of one of those two to cause more confusion and problems that would make reacting in certain ways difficult.
@@cycletron My parents perspective that I recall (Mom was born in 1922 and dad in 1925) is that the country was largely together, so no matter how bad things were, there was a sense of unity, that we're all in this together. That's a contrast to today, where people are so divided socially and politically in large part by social media and a bunch of politicians. Both are currently benefitting financially from the division. To put this in context, I came from an Eisenhower GOP household and my parents came from Hoover GOP households and yet their perceptions were largely favorable of FDR and Truman. Another factor in this is that families were extended then. Today, it's nuclear families and with dual income.
When I was a dealership mechanic at the Ford stores, we had a deal with the manufacturer. We were supposed to get a new vehicle at employee discount prices. That wasn't going to happen. Or if it did, it wasn't what anyone would ever want. Anything SVT, don't even try. SHO Taurus, forget about it. Anything special and low volume? Guess again. I am sure it's the same way with a Harley Davidson. If an employee cannot get a deal from one of their dealers, good luck walking in off the street. You're getting treated like I did. And if you're smart, with your wallet intact and not paying over list and dealership marketing fees.
I agree. I have toyed with the idea of getting a Low Rider S or Street Bob for the last couple of years. However, knowing that they will want to sell well over MSRP but with all of the other dealer tactics, I am sticking with Suzukis.
I am a huge capitalist. I own or partly own three businesses. In addition I collect a Navy Pension and I am a SoCal Firefighter Medic. It has afforded me a very comfortable lifestyle in one of the most expensive areas of the US. I give my workers at Xmas bonuses, sponsor 4th of July and Xmas parties and every so often buy them lunch or have easy Fridays. (If it’s possible) I look at it much less a pay discrepancy issue than I want my guys (and couple gals) to feel appreciated. Granted I am not running a huge corporation(s) but if your team is putting in good work and your rolling in the dough > spread a little around. It’s good to have some money laying around but if you get too much it starts stinking up the place. If you take care of your people they will take care of you. If possible try and make your company family friendly. Truth be told I have great partners and pretty damn good workers. That doesn’t hurt either.
You have a great situation and are no doubt a great company owner/manager. It is funny you mention treating your staff well. I have lunch scheduled with my staff tomorrow and we will also be doing some non-billable training. I am so grateful that they stepped up to cover the field work which allowed me to focus on my wife's medical treatments out of state. I have also upped their pay and give out gift cards and new pocket knives as periodic thanks to them.
@@cycletron It’s little things like that that make a huge difference. Granted I’m not taking in $29 Million in salary which I agree I am not hating on but that is a huge discrepancy and does breed some resentment. I would say I’ll take $25 Million and dish that other $4 Mil out in bonuses or goodies of some sort 😂
I think it's a stragetic error to not have one rider on the Motor Company BOD. HD sells passion, their leadership is thinking widgets instead. If the CEO can show how their leadership has driven the heightened profit to cover their compensation, and then some, well, they're paid their value. Can any of the Big 3 or HD make that claim?
Thank you Josef. I agree, there really is no cultural understanding with Harley's management about what riding is all about. They rely on their marketing department to talk with focus groups I suppose.
I like the idea of workers getting stock as part of their compensation. Employees want all the upside of the good times, but don't want any of the losses of the rough patches. That said, manufacturing pay is too low and CEO/govie pay is far too high. If CEOs were rewarded based on their stock price, most of them would be working for free or paying to sit in their penthouse suites. Their companies made a lot of money because govt shut down the economy producing shortages, while handing out free $ to people to buy stuff. Short term pop the CEOs "expertise" had nothing to do with. They were simply in the right place at the right time. There is nothing capitalist about our economy. The whole damn world lives and dies by the bi-monthly incoherent mumblings of some elderly wizard behind the curtain. Govt spending supports the vast majority of our economy from medical, education, security (fire/cops), military, courts, prisons and on and on. Most things people need are produced by a foreigner somewhere. Those foreigners seem to be fatting up our stupid asses for the slaughter.
The fact that these CEO's get so much extra compensation from ties to stock price is really the only reason these companies are using their cash to buy back their own stock. You are right about the spending. The level of government spending is beyond what anyone could have imagined just a few years ago. I came across a news story that the U.S. is completely refurbishing our nuclear stock pile and has hire 20,000 new workes recently to work at places like Los Alamos. I almost wonder if Hollywood got paid by the Feds to make "Oppenheimer".
I read the book. It’s not a glorification of the nuclear age. It tells a very dark tale about how the US dropped two atomic bombs on a country that had already surrendered and then played atomic chess with another country. Sounds like we’re still playing atomic chess. Really great book.
If you think employees avoid some sort of accountability, take look at what executives get away with. They can make bad decisions, layoff people and get rewarded for it. A waitress might spill coffee on someone by accident and get fired. The problem is we don’t hold those with disproportionate influence in our lives(and that goes to other professions that usually are fêted with martyr theology) accountable to the extent they should be and in fact apotheosize them in many cases or think we can read their books and be like them. It astounds me how asleep people are to the screwing they’re getting and the con they buy into.
Hi Cj, as it is only die hards, boomers or American dream chasers are aiming HDs. as it stands offering stock ownership to employees from a company thats litterally nose diving in value is a joke. The current HD CEO is just a one trick pony ( like he did with Puma ) he's failling on all fronts but at his level he's failling upwards, why would he care ?
Thank you. I agree with you, Zeitz has his eye on things much bigger than H.D. in the future. I was rooting for H.D. and now I think their demise is certain.
Absolute compensation value is ridiculous (although it is not the same as salary), however if he would be satisfied with "only" half of it, average bike price would be only about 100 dollars lower, I estimate. That is why he can ask this amount ................ although I do not agree, no one is worth this huge amount of work-money. But it may be 2000 dollar per year or let's say 200 dollar per month per worker, that is not little. But after all, customers are prepared to pay relatively more for a predominantly leasure product than for a car that you would need every day. That is what the CEO or the MOCO knows as well. That's what I think .....
If this guy actually ends up with 40+ million, I don't think Harley is getting their moneys worth. Without an entry level bike that actually sells they will probably have to thin out their dealers while their financial division figures out how to market 84 month loans. I know he's trying to sell tradition, image, and prestige but with a lot of riders Harley has the reputation of overpriced bikes sold by dealers that make it hard as hell to buy one. He has a lot to fix and if he can do it I guess he's probably worth that 40+ million a year.
True, he does have a lot to fix. I gave him the benefit of the doubt his first 2 years as CEO. Now I am convinced that he needs to go. My younger boys worked at Walmart this summer. They saw a customer who couldn't make it to the bathroom in time and let's just say he left a large amount of biohazard on the floor. The Walmart employee who had to clean that up is more worthy of $40 millon in pay than Zeitz in my opinion!😊
That is outrageous. No wonder the stocks suck so bad. The financial future of HD is getting pocketed by the already rich Bro I had no idea how top heavy these companies are in general. Just plain stupid in my opinion
Thank you Dave. It is an crazy situation. It explains why these companies spend their cash to buy back their own stock instead of reinvesting it into the company for future success.
That is what I was thinking too. The next agreement between HD and the union may be rather contentious. Although, I could see Harley taking that as the opportunity to move all production overseas.
The whole thing makes me sick. Capitalism, politics, communism, religion... human society! People that lie, cheat, steal, manipulate will always get ahead by making those that obey the rules suffer.
The very many ordinary people always seem to have the function of making sure the very happy few can get filthy rich. This is how capitalist systems work. The capitalist system is there to feed the very few happy rich on the expenses of the convincing ordinary workers. Don't want that? Then change this system, or leave the system. But just talking about this outrageously unfair system is not going to lead to the desired effect: Leveling wages in a reasonable way. This, by the way, is a very fair socialistic Western European approach to the unfair American capitalistic system. The even more drastic way is the communistic way: all wages equalized : so the members of the board of directors of any major firm or company will earn exactly the same as the metro driver and the garbage man, as the police woman and the doctors in hospitals or even dentists, or pilot of a Airbus A380. No, I repeat, no difference in wages in this communistic system. Both the American capitalistic system and the communistic leveled wages system both are very extreme, and leave to be desired. The Western European Guided Capitalistic system with leveled wages in a reasonable way make sense; The less of a responsibility one has, the less one gets paid. The more of a responsibility one has, the more one gets paid, but all within reason-ability. One barely ever gets paid outrageously high or low. And the more you earn, the more tax you'll pay to have money flow back into society for infrastructure and for financing people their subsidies they need to be able to have an acceptable life standard and access to the healthcare.
Thanks Dutchy. This is a loaded question but do you think that the taxes in Europe would be a lot higher if they had to pay for most of their own military defense rather than relying on the U.S. to cover them? Of course the U.S. and their contractors love having lots of customers it seems!
@@cycletron Hey C.J. Well as you probably know, the United States of Europe is in the progress of becoming so. Until this new reality, all states here within the EU and out of the EU basically decide most things for themselves. Some subjects are EU related obviously. Taxes however still is very much local; per state that is, organized. So there is no such a thing as EU taxes to spend on a EU army, since none of these things exists yet... so that is part one of my answer. Part two of my answer is this: I can only speak for the country I am from and some neighboring countries: The USA does NOT cover the expenses for western European countries at all. Has never happened, will never happen. What you are referring to probably is the 2% rule. This is a NATO rule: NATO Pledges to Spend at Least 2% of GDP on Defense. Spending pledge due to be signed off by NATO leaders next week. Only 11 NATO allies due to reach 2% spending goal this year. So yes within the context of NATO you do have a point. Although the USA never covered anything for any country besides their own at least 2% NATO Defense contribution, it merely was the lack of contributing by other NATO members, that is to say: less than 2% GDP. If the agreement was clear about the 2% rule, then every single member should comply. Spending this 2% of a country's GDP basically means taxing the people additionally yes. How much, that I do not know. Could be significant... Part three of my answer is: Well unless you are referring to the USA contribution of providing Ukraine with Military Defense systems, in which all western countries have had their fair share in this as well. So in that case it wasn't the USA only which coughed up all military aid to support our friends in Ukraine, since; it was all western countries giving military aid to Ukraine, paid by our local European and American and Canadian administrations.
Inflation is destroying the middle class. Its time to Eat The Rich. I hope the UAW gets a 40% raise. These sorry ass CEO's are not worth a million dollars a year. Years ago my company gave us stock ownership. The stock they gave us was worthless.
Why are auto workers striking? If you guessed that it’s directly related to CEO compensation, you missed the point. Brush up on the history a little bit before you do another anti Harley video. Here’s the short version of the UAW strike: 2009 bailout and restructuring causes historic concessions made by labor. Temp hires, 2 tiered pay and benefits system, no pension, COLA diminished etc, pay cuts, benefit cuts, less breaks and vacation time. Forward to 2023 - record profits up to and through the past two contracts, 2019 and 2023, a 200% pay increase for CEO’s, a 1500% increase in stock buyback in the past 4 years, no change for the worker except for a reinstatement of profit sharing (.0001% of post tax corporate income) and a piddly signing bonus for the dummies that failed to save for a strike. What the UAW is striking for isn’t exactly related to CEO compensation. It’s imbedded in history. Legacy workers gave up their livelihood to help the American auto companies. Since the bailout plants have closed creating massive havoc in major manufacturers towns, seniority workers have moved to other plants, from their families, to keep a semblance of the lives they had…you can guess what an auto worker thinks after giving concessions for decades and watching CEO pay and company profits increase. The main issue here is not CEO pay. It’s about bringing the American working class back to it’s place before management drove the company to bankruptcy and sailed off in their golden parachutes. A strong working class makes for strong communities.
Wow are you actually watching my videos? The point was that auto worker unions are trying to increase their pay and are pointing out what they consider to be excessive CEO compensation with the Big 3. Harley's CEO is compensated at a much higher rate. I guess I will pin the cliff notes version in the comments for you on future videos.
@@cycletron still flying over your head eh? Your comparison using todays headlines isn’t the whole story. Let me break it down easier for you: ask yourself why aren’t the IAM workers striking if their CEO makes more than GM, Ford and that other company you mispronounced? Your comparison falls a little short because you fail to understand why the UAW is striking. I’ll give another hint in the form a quote from Shawn Fain - “Record profits should equal record contracts”. The UAW has given up too much and the previous UAW bureaucrats didn’t fight for a good contract, they were only interested in their pocket books, in conceding with corporate demands. What you were trying to do is compare striking auto workers reasons for striking with Zeitz’s compensation but you don’t hear anything about a IAM strike do you? A fair contract is what the UAW is striking for. They want what they gave up to help the company out of bankruptcy. If the CEO is doing good, so should the ones that actually sacrificed to make that happen. It’s a different story than your anti Zeitz rigamarole
Elon Musk said that Tesla workers who are non-unionized, get paid more on an hourly basis than workers at GM and Ford and Tesla workers have better benefits like health care and Tesla stock options. Then he goes on to say that Tesla employees have much higher performance expectations, there is an expectation employees will be flexibility and move from job to job as needed, that employees are required to participate in continuing education and update their skills as technology and automation advances, and poor performing employees will be terminated. So, as a young person just coming out of a tech school, what company to work for - Tesla where performance drives compensation or a UAW shop which is basically contracted hourly slave labor based on an outdated legacy seniority culture? The UAW will eventually put GM, Ford, and Stellantis out of business.
@@geneclarke2205 I remember a story from a few years ago. GM had discovered a way to have the vehicle dash installed in a more efficient manner using a robot during vehicle assembly, but since it would eliminate some union labor they had to get the union's approval before it could be implemented!
I’m surprised it hasn’t alienated workers in general vis a vis the companies they work for. I’m also surprised there haven’t been severe negative consequences…what execs and Uber capitalists have found out is that inflation and income inequality can be buried in debt. This has a bonus for them as well, at least as long as it doesn’t reach a tipping point where defaults happen that jeopardize the economy and their profits. The bottom line is that the dark triad types that lead and go for power have gamed the system for themselves and incentivized the results as well as protected themselves from accountability.
Thank you Jim. It is a marvel to me that this type of corporate behavior continues but that it is actively supported by the government. Some people think the tipping point is coming soon.
@@cycletron I am not a cassandra vis a vis when the tipping point might happen, but my guess would be that some sort of economic/social downturn would precede it that would stress the system enough for enough people to default and/or suffer a major setback in lifestyle/standard of living. I think that those that have influence and control over the economy, as much as they do, are sensitive to this and would make adjustments to mitigate a collapse that would foment bad things. In terms of the government's role, politicians are bought by lobbyists/corporations and those folks even write laws and policies that politicians put through that benefit the corporations. Some events to watch out for: China invading Taiwan, Russia escalating the war with nukes or into EU countries, some other agent acting at the behest of one of those two to cause more confusion and problems that would make reacting in certain ways difficult.
Yes we live in interesting times but I think the WWII era must have been more worrisome than our current circumstances. I hope anyway.@@my.motorrad
@@cycletron My parents perspective that I recall (Mom was born in 1922 and dad in 1925) is that the country was largely together, so no matter how bad things were, there was a sense of unity, that we're all in this together. That's a contrast to today, where people are so divided socially and politically in large part by social media and a bunch of politicians. Both are currently benefitting financially from the division. To put this in context, I came from an Eisenhower GOP household and my parents came from Hoover GOP households and yet their perceptions were largely favorable of FDR and Truman. Another factor in this is that families were extended then. Today, it's nuclear families and with dual income.
When I was a dealership mechanic at the Ford stores, we had a deal with the manufacturer. We were supposed to get a new vehicle at employee discount prices.
That wasn't going to happen. Or if it did, it wasn't what anyone would ever want.
Anything SVT, don't even try. SHO Taurus, forget about it. Anything special and low volume? Guess again.
I am sure it's the same way with a Harley Davidson. If an employee cannot get a deal from one of their dealers, good luck walking in off the street.
You're getting treated like I did. And if you're smart, with your wallet intact and not paying over list and dealership marketing fees.
I agree. I have toyed with the idea of getting a Low Rider S or Street Bob for the last couple of years. However, knowing that they will want to sell well over MSRP but with all of the other dealer tactics, I am sticking with Suzukis.
This is just another reason why the prices are unjustified. The money is going to waste to pay greedy CEOs.
I am a huge capitalist. I own or partly own three businesses. In addition I collect a Navy Pension and I am a SoCal Firefighter Medic. It has afforded me a very comfortable lifestyle in one of the most expensive areas of the US.
I give my workers at Xmas bonuses, sponsor 4th of July and Xmas parties and every so often buy them lunch or have easy Fridays. (If it’s possible) I look at it much less a pay discrepancy issue than I want my guys (and couple gals) to feel appreciated. Granted I am not running a huge corporation(s) but if your team is putting in good work and your rolling in the dough > spread a little around. It’s good to have some money laying around but if you get too much it starts stinking up the place. If you take care of your people they will take care of you. If possible try and make your company family friendly. Truth be told I have great partners and pretty damn good workers. That doesn’t hurt either.
You have a great situation and are no doubt a great company owner/manager. It is funny you mention treating your staff well. I have lunch scheduled with my staff tomorrow and we will also be doing some non-billable training. I am so grateful that they stepped up to cover the field work which allowed me to focus on my wife's medical treatments out of state. I have also upped their pay and give out gift cards and new pocket knives as periodic thanks to them.
@@cycletron It’s little things like that that make a huge difference. Granted I’m not taking in $29 Million in salary which I agree I am not hating on but that is a huge discrepancy and does breed some resentment. I would say I’ll take $25 Million and dish that other $4 Mil out in bonuses or goodies of some sort 😂
I think it's a stragetic error to not have one rider on the Motor Company BOD. HD sells passion, their leadership is thinking widgets instead.
If the CEO can show how their leadership has driven the heightened profit to cover their compensation, and then some, well, they're paid their value.
Can any of the Big 3 or HD make that claim?
Thank you Josef. I agree, there really is no cultural understanding with Harley's management about what riding is all about. They rely on their marketing department to talk with focus groups I suppose.
I like the idea of workers getting stock as part of their compensation. Employees want all the upside of the good times, but don't want any of the losses of the rough patches. That said, manufacturing pay is too low and CEO/govie pay is far too high. If CEOs were rewarded based on their stock price, most of them would be working for free or paying to sit in their penthouse suites. Their companies made a lot of money because govt shut down the economy producing shortages, while handing out free $ to people to buy stuff. Short term pop the CEOs "expertise" had nothing to do with. They were simply in the right place at the right time.
There is nothing capitalist about our economy. The whole damn world lives and dies by the bi-monthly incoherent mumblings of some elderly wizard behind the curtain. Govt spending supports the vast majority of our economy from medical, education, security (fire/cops), military, courts, prisons and on and on. Most things people need are produced by a foreigner somewhere. Those foreigners seem to be fatting up our stupid asses for the slaughter.
The fact that these CEO's get so much extra compensation from ties to stock price is really the only reason these companies are using their cash to buy back their own stock.
You are right about the spending. The level of government spending is beyond what anyone could have imagined just a few years ago. I came across a news story that the U.S. is completely refurbishing our nuclear stock pile and has hire 20,000 new workes recently to work at places like Los Alamos. I almost wonder if Hollywood got paid by the Feds to make "Oppenheimer".
I read the book. It’s not a glorification of the nuclear age. It tells a very dark tale about how the US dropped two atomic bombs on a country that had already surrendered and then played atomic chess with another country. Sounds like we’re still playing atomic chess. Really great book.
If you think employees avoid some sort of accountability, take look at what executives get away with. They can make bad decisions, layoff people and get rewarded for it. A waitress might spill coffee on someone by accident and get fired. The problem is we don’t hold those with disproportionate influence in our lives(and that goes to other professions that usually are fêted with martyr theology) accountable to the extent they should be and in fact apotheosize them in many cases or think we can read their books and be like them. It astounds me how asleep people are to the screwing they’re getting and the con they buy into.
Hi Cj, as it is only die hards, boomers or American dream chasers are aiming HDs. as it stands offering stock ownership to employees from a company thats litterally nose diving in value is a joke. The current HD CEO is just a one trick pony ( like he did with Puma ) he's failling on all fronts but at his level he's failling upwards, why would he care ?
Thank you. I agree with you, Zeitz has his eye on things much bigger than H.D. in the future. I was rooting for H.D. and now I think their demise is certain.
Absolute compensation value is ridiculous (although it is not the same as salary), however if he would be satisfied with "only" half of it, average bike price would be only about 100 dollars lower, I estimate. That is why he can ask this amount ................ although I do not agree, no one is worth this huge amount of work-money. But it may be 2000 dollar per year or let's say 200 dollar per month per worker, that is not little. But after all, customers are prepared to pay relatively more for a predominantly leasure product than for a car that you would need every day. That is what the CEO or the MOCO knows as well. That's what I think .....
I wonder what Zeitz's pay will be this year. Their stock price is in the toilet.
If this guy actually ends up with 40+ million, I don't think Harley is getting their moneys worth. Without an entry level bike that actually sells they will probably have to thin out their dealers while their financial division figures out how to market 84 month loans. I know he's trying to sell tradition, image, and prestige but with a lot of riders Harley has the reputation of overpriced bikes sold by dealers that make it hard as hell to buy one. He has a lot to fix and if he can do it I guess he's probably worth that 40+ million a year.
True, he does have a lot to fix. I gave him the benefit of the doubt his first 2 years as CEO. Now I am convinced that he needs to go. My younger boys worked at Walmart this summer. They saw a customer who couldn't make it to the bathroom in time and let's just say he left a large amount of biohazard on the floor. The Walmart employee who had to clean that up is more worthy of $40 millon in pay than Zeitz in my opinion!😊
That is outrageous. No wonder the stocks suck so bad. The financial future of HD is getting pocketed by the already rich Bro I had no idea how top heavy these companies are in general. Just plain stupid in my opinion
Thank you Dave. It is an crazy situation. It explains why these companies spend their cash to buy back their own stock instead of reinvesting it into the company for future success.
Seems like he's grossly overpaid. Like 10x times too much or more. Insane.
That is what I was thinking too. The next agreement between HD and the union may be rather contentious. Although, I could see Harley taking that as the opportunity to move all production overseas.
The whole thing makes me sick. Capitalism, politics, communism, religion... human society!
People that lie, cheat, steal, manipulate will always get ahead by making those that obey the rules suffer.
Even more of it will be on display given that is election season.
No kidding?
The very many ordinary people always seem to have the function of making sure the very happy few can get filthy rich. This is how capitalist systems work. The capitalist system is there to feed the very few happy rich on the expenses of the convincing ordinary workers. Don't want that? Then change this system, or leave the system. But just talking about this outrageously unfair system is not going to lead to the desired effect: Leveling wages in a reasonable way. This, by the way, is a very fair socialistic Western European approach to the unfair American capitalistic system. The even more drastic way is the communistic way: all wages equalized : so the members of the board of directors of any major firm or company will earn exactly the same as the metro driver and the garbage man, as the police woman and the doctors in hospitals or even dentists, or pilot of a Airbus A380. No, I repeat, no difference in wages in this communistic system. Both the American capitalistic system and the communistic leveled wages system both are very extreme, and leave to be desired. The Western European Guided Capitalistic system with leveled wages in a reasonable way make sense; The less of a responsibility one has, the less one gets paid. The more of a responsibility one has, the more one gets paid, but all within reason-ability. One barely ever gets paid outrageously high or low. And the more you earn, the more tax you'll pay to have money flow back into society for infrastructure and for financing people their subsidies they need to be able to have an acceptable life standard and access to the healthcare.
Thanks Dutchy. This is a loaded question but do you think that the taxes in Europe would be a lot higher if they had to pay for most of their own military defense rather than relying on the U.S. to cover them? Of course the U.S. and their contractors love having lots of customers it seems!
@@cycletron
Hey C.J. Well as you probably know, the United States of Europe is in the progress of becoming so. Until this new reality, all states here within the EU and out of the EU basically decide most things for themselves. Some subjects are EU related obviously. Taxes however still is very much local; per state that is, organized. So there is no such a thing as EU taxes to spend on a EU army, since none of these things exists yet... so that is part one of my answer.
Part two of my answer is this: I can only speak for the country I am from and some neighboring countries: The USA does NOT cover the expenses for western European countries at all. Has never happened, will never happen. What you are referring to probably is the 2% rule. This is a NATO rule: NATO Pledges to Spend at Least 2% of GDP on Defense. Spending pledge due to be signed off by NATO leaders next week. Only 11 NATO allies due to reach 2% spending goal this year.
So yes within the context of NATO you do have a point. Although the USA never covered anything for any country besides their own at least 2% NATO Defense contribution, it merely was the lack of contributing by other NATO members, that is to say: less than 2% GDP. If the agreement was clear about the 2% rule, then every single member should comply. Spending this 2% of a country's GDP basically means taxing the people additionally yes. How much, that I do not know. Could be significant...
Part three of my answer is: Well unless you are referring to the USA contribution of providing Ukraine with Military Defense systems, in which all western countries have had their fair share in this as well. So in that case it wasn't the USA only which coughed up all military aid to support our friends in Ukraine, since; it was all western countries giving military aid to Ukraine, paid by our local European and American and Canadian administrations.
Thanks Dutchy. You have no rebuttal from me on your points that you well state!@@dutchyjhome
Harley destroyed the CVO. From the rear view looks like a 86 gold wing.
I haven't seen one in person yet. The looks are different for sure.
why would you insult an 86 wing like that?
@@1hdoilfielddad244 had a weak moment.
Inflation is destroying the middle class. Its time to Eat The Rich. I hope the UAW gets a 40% raise.
These sorry ass CEO's are not worth a million dollars a year.
Years ago my company gave us stock ownership. The stock they gave us was worthless.
I would rather have raise than stock for sure.
Why are auto workers striking? If you guessed that it’s directly related to CEO compensation, you missed the point. Brush up on the history a little bit before you do another anti Harley video. Here’s the short version of the UAW strike:
2009 bailout and restructuring causes historic concessions made by labor. Temp hires, 2 tiered pay and benefits system, no pension, COLA diminished etc, pay cuts, benefit cuts, less breaks and vacation time. Forward to 2023 - record profits up to and through the past two contracts, 2019 and 2023, a 200% pay increase for CEO’s, a 1500% increase in stock buyback in the past 4 years, no change for the worker except for a reinstatement of profit sharing (.0001% of post tax corporate income) and a piddly signing bonus for the dummies that failed to save for a strike.
What the UAW is striking for isn’t exactly related to CEO compensation. It’s imbedded in history. Legacy workers gave up their livelihood to help the American auto companies. Since the bailout plants have closed creating massive havoc in major manufacturers towns, seniority workers have moved to other plants, from their families, to keep a semblance of the lives they had…you can guess what an auto worker thinks after giving concessions for decades and watching CEO pay and company profits increase.
The main issue here is not CEO pay. It’s about bringing the American working class back to it’s place before management drove the company to bankruptcy and sailed off in their golden parachutes. A strong working class makes for strong communities.
Wow are you actually watching my videos? The point was that auto worker unions are trying to increase their pay and are pointing out what they consider to be excessive CEO compensation with the Big 3. Harley's CEO is compensated at a much higher rate. I guess I will pin the cliff notes version in the comments for you on future videos.
@@cycletron still flying over your head eh? Your comparison using todays headlines isn’t the whole story. Let me break it down easier for you: ask yourself why aren’t the IAM workers striking if their CEO makes more than GM, Ford and that other company you mispronounced? Your comparison falls a little short because you fail to understand why the UAW is striking. I’ll give another hint in the form a quote from Shawn Fain - “Record profits should equal record contracts”. The UAW has given up too much and the previous UAW bureaucrats didn’t fight for a good contract, they were only interested in their pocket books, in conceding with corporate demands.
What you were trying to do is compare striking auto workers reasons for striking with Zeitz’s compensation but you don’t hear anything about a IAM strike do you? A fair contract is what the UAW is striking for. They want what they gave up to help the company out of bankruptcy. If the CEO is doing good, so should the ones that actually sacrificed to make that happen. It’s a different story than your anti Zeitz rigamarole
@@unchartedthickets Yawn.
Elon Musk said that Tesla workers who are non-unionized, get paid more on an hourly basis than workers at GM and Ford and Tesla workers have better benefits like health care and Tesla stock options. Then he goes on to say that Tesla employees have much higher performance expectations, there is an expectation employees will be flexibility and move from job to job as needed, that employees are required to participate in continuing education and update their skills as technology and automation advances, and poor performing employees will be terminated. So, as a young person just coming out of a tech school, what company to work for - Tesla where performance drives compensation or a UAW shop which is basically contracted hourly slave labor based on an outdated legacy seniority culture? The UAW will eventually put GM, Ford, and Stellantis out of business.
@@geneclarke2205 I remember a story from a few years ago. GM had discovered a way to have the vehicle dash installed in a more efficient manner using a robot during vehicle assembly, but since it would eliminate some union labor they had to get the union's approval before it could be implemented!