You earn too much! Let's limit your pay!

Last year there was a great deal of news on the administration’s new plan to limit the pay of the CEOs and top officials at a number of companies. These limits were suggested and implemented, (with a new Pay Czar), with the intent of getting a handle on those companies, (primarily banks), who executive pay was out of line with their bottom lines or as we like to say, profits. Needless to say, as with many things going on today, this unconstitutional exercise of power, (see the 10^th Amendment), by the Executive Branch has gone unchallenged by the nation’s top banks. Many have speculated the reasons for the lack of contention is due to the level of power held by the Federal Reserve over the nation’s largest financial institutions. In essence, if you piss off the Federal Reserve and you are a financials institution, you will be out of business by the end of the day and new owners will be sitting in your desk. The result is a new acceptance by the people of this nation that the Federal Government has not only the power, but the right to dictate just how much pay you can receive for your labors.

Think about that for a moment, here you are working hard, spending your evenings and many a weekend so that the company you work for has a chance to expand and improve its net worth and profit levels. You have ignored your family and friends and many a pleasure with the idea that soon you can grab that brass ring of executive pay with the potential for bonuses. Your heart is overworked, blood pressure is high and your health in general is not what is should be, yet none of that matters as you have finally reached the goal you set out for a contract that will pay you millions as long as you demonstrate a continued ability to perform. Happiness is at hand. Your family is set, and all of the struggle and financial difficulties are a thing of the past, then it happens. A federal agency steps in and tells your company that they are paying you too much and it must stop. How would you react? Well that is happening to hundreds of people in this nation every year.

Those who risk nothing, but are allowed to stand in judgment are denying the rewards for those who hard work has finally yielded results. Is this the way of America and our way of life? For all of my life I have been told that you work hard and do well and you can have the opportunity to do well and finally become rich beyond you wildest dreams. I know it is easy to argue that these people are being overpaid, and in some cases they are. In fact, I would argue that in many cases they are and would go further to agree that in some cases they are using the company as a piggy bank. So what!(read more here)


Redgage photo of the day----(baby giraffe)


Enjoy!