However we do have several GOP state legislators on the SEIU leash. (They introduced the legislation that led to the forced unionization of home care workers)
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 ...
Can someone explain to me what benefit that King Obama thinks he will get by setting caps on executive salaries in the private sector? I understand he is a little commie....but what is the commie idea behind capping salaries? Why do they believe that that brings more money into the government? How does it even transfer wealth? Just because an executive makes less money doesn’t mean that the company is going to hire more people or pay their employees more.
All I can figure is that it is just one more way that they are trying to collapse our capitalist system. Any thoughts?
The whole thing is crazy. I was walking home tonight after a couple of drinks with a leftist (dumb but very sweet) and we were both saying that we are afraid that our lives are going to be changed and destroyed by this. I didn’t press him on it, but I think there are many people in the US now who are very freaked out.
LOL!
There’s a lot of them that I doubt can spell salary cap but they’re very proficient at what they do.
I doubt Zer0 would go after them. :-)
>> The administration takes this as indisputable proof that high salaries are not needed to keep executives in their jobs.
These nitro-salaried executives are NOT responsible for the 12 trillion dollar debt DC created - yet, they’re somehow at fault for contributing to the Country’s financial problems.
I sure can’t answer that other than the turkeys are trying to bring down our capitalistic system.
As to why do they believe that that brings more money into the government? I believe it will work for the opposite, they go under because of bad management and the money going to the government stops.
yitbos
Exactly! If Zer0 and his thugs would let the private sector alone we’d come nearer paying that debt off. Of course that’s taking into account they don’t keep running it up by trillions more.
yitbos
Oh...it WILL work the opposite....less oney will be coming into the government coffers. That’s all I can figure that they want to do with this ‘idea’. It’s all meant to destroy capital and wealth in order to set us on the rapid path to communism.
We have an enemy of this country living in the White House as our President.There is no other way to explain the things the man is doing to this country.
Socialists do not believe in capitalism or democracy.
They are perfectly happy to print money or ruin a capitalist economy.
yitbos
I remember another leader who tried the same thing with Messerschmitt AG back in the early 1940s.
does anyone know what kind of cigarettes nobama smokes...maybe we should start a nationwide movement and everyone send him a pack at the same time...just to let him know how we really feel...keep on smoking AH!
Great! I can’t wait to see what Oprah’s salary cap is. How about Sean Penn? Tom Hanks? Barbara Walters? Let’s start with the news/enterainment industry.
Does no one remember that Sor0bama said early on that no one should make more than the President?
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