Saluting with misty eyes
Who is going to decide what is too much? WIll you be appointing a "too much" czar to oversee earnings and determine who is making too much money?
Pay czar limits salaries for top executives at 5 firms http://www.washingtonpost.com/wp-dyn/content/article/2010/03/23/AR2010032303994.html
Pay Czar Gets Broad Authority Over Executive Compensation http://online.wsj.com/article/SB124464909136002467.html
'Pay czar' Kenneth Feinberg caps pay of midlevel executives http://www.politico.com/news/stories/1209/30480.html
How soon you have forgotten, Mike.
Who will determine "enough"?
Who is going to put the cap on the earnings?
Actually, Reb, Ken Feinberg is.
So, yea, there is "a certain point you've made enough money." It's not easily achieved, but it's there.
True enough, Ron, yet I find it hard to allow myself to believe it is the Federal Government's job to make that decision. The reason these people are making the dollars they are is because they either earn it (in the case of brokers and such) or it is what the market will bear. Once the leaders of the firms paying the bucks start losing their money because they are paying $15 million in cash and another $10 million in stock for someone who is more interested in money than doing his job, then the pay will come down.
The trouble is that both of you are too trusting of the government. And the further Right the government gets, the more trusting you are.
Bob, this is surprising coming from you. I can't count the number of threads that you have done an admirable job standing up for the administration against the "unholy trinity" of Mike, Denise, and myself. In NONE of those threads did we ever make any comments about trusting the government. As a point of order, it seems that the three of us (with the help of others) have spent a great deal of thought and energy describing in exact detail why the federal government is NOT to be trusted. You are better than this statement, Bob.
Again, Bob, you are- imo- attempting to muddy the waters and change the topic of a lost argument. This issue involves... wait for it... Arizona. That is one, single state, and is not "the government" that most people consider when you make a statement such as "trusting the government".
Arizona also has not the slightest bit to do with anything at all involving the current Administration (large "A" to show I mean the federal, and not- say- Pennsylvania) deciding that people can make too much money, and that it is their job to bring these people back down to the mid level of the American populace.
One thing I think is funny, though...
President Obama is talking about the people on Wall Street making too much money, yet (as Mike pointed out) not mentioning that he has made $5 million on a $400K a year job, or that Al Gore made $100 million fear mongering (usually a Republican tactic, no?), or that Gov. Palin made $15 million in the past year writing a book, and making speeches, and becoming a pundit? He isn't making any references to John Kerry (who had a net worth $167 million FY2009), or Rep. Issa ($164 million), or even Rep. Teague (a palrty $41 million)... oh, wait... perhaps it is because 8 of the 10 richest members of Congress (both houses) arte Democrats? (no, I don't believe it; however, what thread would be complete without some Democrat bashing? lol)
Plain and simple, Mr. President... You promised to make changes, and yet you are still invovled in the fear-mongering, class warfare, and strong-arm politics that has been prevelent for far too long. These days, we call it Chicago-Style politics, and you, Sir, are no change.
Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting, "WHAT A RIDE