Salary Capping

  1. Ok you debaters out there! Found another topic of interest that my husband and some friends of ours were discussing:

    Government Regulated Salary Capping.

    What is it?
    A mandate by the US government that would control the extreme salaries of private citizens, such as professional athletes, CEOs of Fortune 500 Companies. There has been much debate about 'fat cats' in the news - bosses of companies who choose to award themselves very high salaries and bonuses that many consider do not match their performance - and these are the people who salary capping would most affect.

    My gut reaction is NO. As a conservative, I run in the opposite direction of government mandated anything. This is the beauty of capitalism, anyway.
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  2. 10 Comments

  3. by   whipping girl in 07
    Gotta agree with you, Suzy, although it would be nice if everyone got paid what they were WORTH (meaning nurses would be paid an amount equivilent to Jumbo Elliot's weight in gold).

    And Clinton would get pennies for his speeches.

    And Ken Lay would be living in a homeless shelter.
  4. by   WashYaHands
    Government Regulated? Seems too Big Brother to me.

    bosses of companies who choose to award themselves very high salaries and bonuses that many consider do not match their performance
    How about instead of awarding themselves these things, they're rewarded based on performance evaluations from their employees. Just a thought.

    Linda
  5. by   oramar
    It won't happen because the fatcats have the politicians in their pockets. They have no intention of allowing their trained monkeys to freeze or cut their pay.
  6. by   rebelwaclause
    Originally posted by Susy K
    A mandate by the US government that would control the extreme salaries of private citizens, such as professional athletes, CEOs of Fortune 500 Companies. Bosses of companies who choose to award themselves very high salaries and bonuses that many consider do not match their performance - and these are the people who salary capping would most affect.

    My gut reaction is NO.
    I think its a great idea, but we need a committee to mandate the manatees.

    Probably why it will never happen.

    Great thread idea Sue-Z. (Any relation to Jay?....Tee-heheheh).
  7. by   fergus51
    It would never happen. Who do you think makes the biggest contributions to our political parties? People making 18K a year? It's a very dumb idea anyways.
  8. by   Q.
    It's a very dumb idea anyways.
    Wow. And coming from a liberal. It MUST be dumb then.
  9. by   fergus51
    Damn straight. Liberal doesn't necessarily mean stupid, we knows dumb when we sees it
  10. by   donmurray
    Seems again like they would rather target the individuals than the inherently flawed systems that allow these corporate excesses to happen. Now that would be regulation!
  11. by   Rustyhammer
    Maybe we should stop spending a billion a month looking for Bin Ladin. Soon we'll be spending another billion a month looking for Sadam (again).
    If I spent my money like the government did I'd be out of a home, bankrupt and looking for a pot to piss in.
    Instead of looking for new taxing strategies lets try living within our means!*
    -Russell


    *The above was not intended as a slam for any poliltical party.
    I do not wish to be classified as either a bleeding heart liberal nor a tight-butted ignorant conservative.
  12. by   PennyLane
    That's one of those ideas that looks good on paper, like communism. I'm all about equaling out the salaries in this country, but, like communism, the potential for corruption is just too high.

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