Posted on 03/26/2010 5:00:46 PM PDT by jazusamo
Emboldened by the passage of health care legislation, the Obama administration will set its sights on a new target - regulating how much money you can make.
Recipients of federal bailout money already face regulations designed to rein in "excessive" corporate salaries. Since the administration has proclaimed this first step a success, it is only a matter of time before it seeks broader control over private-sector compensation.
The administration gave itself a pat on the back for a job well done after "only" 16 of 104 senior corporate executives quit when their salaries fell under the pay czar's knife. The administration takes this as indisputable proof that high salaries are not needed to keep executives in their jobs.
The evidence, however, is far from compelling. Most executives are not going to abandon their companies instantly, and the cuts only went into effect in the last few weeks of 2009. While the salary reductions were substantial - on average a 74 percent cut compared to 2008 levels - there is no way to know whether companies are promising to make up the losses to their executives in the future because they think the regulations will be lifted eventually.
(Excerpt) Read more at washingtontimes.com ...
ping
Yo! Dude! How's that hopey/changey thing workin' for ya!?
Hell, I think its time to start demanding free cars from government motors just to stir up the democrat base.
Chains you can believe in!
I believe there many of his hopey/changey supporters who are starting to ralize he sux.
Minimum wage and now maximum wage?
Special favors get special waivers?
We are now a Marxist oligarchy.
This is making me crazy. I’m self employed in a modestly compensated profession, so I don’t earn a huge amount of money, but I can survive comfortably by my standards.
I don’t begrudge other people what they earn and, in fact, I depend on other people around me earning more than I do so that they can hire my services.
And yet a report was recently released on how much more government workers make over the private sector. Not just in wages, but in benefits and perks. Enormous differences! But it doesn’t surprise me as 37% of the government workforce is unionized.
Please consider it stolen. lol
Simple solution: propose single-payer for law services. This is perfectly reasonable because legal services are, in fact, a Constitutional right.
In fact, there are a lot of good free-market reasons to have single-payer for legal care and it would be very popular and would immediately lead to salary caps.
And what would all the Democrat politicians (who are almost uniformly lawyers) do then?
If they want to play class warfare, we should fight back.
I have always wondered...
...if congress has the authority to establish a “minimum wage”...
...then why don’t they have the authority to establish a “maximum wage?
Yes, it’s infuriating that our government is even thinking of regulating salaries in the private sector. But then what they’ve done in the bailout of the auto companies and their unions is not only infuriating but unbelievable.
Obama and his thugs are pushing something they’re going to regret, IMO.
The Marxists just caught up to your logic - and they LIKE IT!!!!!
Wow, excellent idea. Very powerful and reasonable.
Are they going to go after the professional athletes next? : )
Secretary General has decreed that Capitalists need to be dealt with.
Government is the answer.
Join the party comrades.
How much more damage can these idiots do to the US economy before the elections in Novermber!
How much more damage can that fool in the White House do in three years before he is thrown out on his ear!
Next up is filling the ranks of collectivist volunteer Medical Reserve Corp under the Secretary of Health and Human Services, or, more probably Homeland Security.
These are the guys who will eventually take over the doctor and nurse jobs.
yitbos
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