re: #866 Walter L. Newton

Did you read the article? It’s about the government setting the salary of every employee of any company who accepts bailout money.

It’s not just about the executives. That’s fine with you? So, what happens next, any company that has government contracts, let’s set their salaries?

You’re ok with all that?

I’ll tell you what … yes, it’s OK with me. On about the same scale as having your right arm amputated for good medical reason, or other favorite organs.

I do NOT want government money going to private companies, certainly not in the obscene torrents now happening. I daresay this will make companies think twice about asking for it, or even allowing it.

I do not want my tax dollars paying ANYBODY obscene amounts, even “non-execs” are getting seven figure salaries and compensation packages at some of these companies, and I do not believe they are justified. Why not? Because the money is not being shared with the rest of the employees, and is not being given fairly even to the shareholders, and is slowly strangling American business.

It’s all part of a grand cycle - run major US companies in a shameless, exploitive way for twenty+ years, and you get a Barney Frank up your ass. Did it take a financial crisis to make it happen? Yes. And that crisis was GUARANTEED TO HAPPEN for these very reasons, the executive class has been increasingly looting the system.

The market system and capitalism CAN fall back into the evil that Marx saw in it, what I’m saying is that’s exactly the hole that these brainless execs have been pushing in for just about long enough. American capitalism and entrepreneurship have worked very well for 250 years, with a couple of corrections, trust-busting Teddy and depression reforms like Glass-Stegall and the FDIC.

Time for another.