Sunday, February 15, 2009
Camel's Nose Enters
The recently-passed so-called stimulus bill (which fails to stimulate) contains provisions restricting not only the compensation of CEOs but of other executives as well if their companies accept Federal assistance. This is the camel's nose under the tent-Democrats will have no compunction passing similar measures in the future to determine what salaries are appropriate for executives who win bids to fulfill Federal contracts. Perhaps they will institute a scheme similar to Ben and Jerry's Ice Cream where no one can make more than sixteen times more than the lowest paid worker. Whatever the case, Democrats will probably attempt to enact legislation to equalize outcomes which is a tactic of socialists the world over. They will probably specifically exempt their supporters in the creative community and athletes who often make vastly more than executives who employ thousands while the actors and sportsmen may support an agent and a personal assistant. These Democrats reek of class-envy with the caveat that they will protect those Michael Moore types who helped them gain power.
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