Friday, July 31, 2009

Congress Wants Say on Wall Street Pay

Yet more proof that our employees in Washington think they know better how to do everything than we do. And now, they want to have a say over how much people earn in certain jobs.

Congress Wants Say on Wall Street Pay - Political News - FOXNews.com

Can any one show me in the Constitution where it says congress has the right to do this?

Corporations have owners. These owners decide who gets paid how much. Large, publicly traded financial corporations are no different... the owners are called stockholders, and many Americans are part owners of these corporations.

If the government can set limits on pay for financial traders... what is next? I'd sure love to hear the screams from Hollywood if the liberal elite out there started getting salaries comennsurate with what they are worth, and dictated by Washington. And how about our athletes, who get horrendously large salaries for playing childrens' games?

But I digress.

Just as we Americans largely don't want Washington deciding who lives and dies, and what care we can get in a "health care system", we should also raise up in a loud and vigorous voice and tell them to stay out of business decisions that belong to the owners of business, not to government.

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