This is America, not Russia. Where are you from? You want government to start telling companies how much they can pay their CEO's? What next, everybody gets the same amount in their paycheck?
BSAM, I think your supporters list needs to be cleansed. Rep. Richard Baker Louisiana District: 6 Baker is no longer a Congressman but does work as a lobbyist protecting several crooks of Wall Street. He is the president of MFA protecting the rights of hedge funds who use their wealth and connections to lobby Congress in protecting their activities. Baker has worked closely with James Chanos, the very same James Chanos who was reportedly receiving non-public information on analysts ratings and trading on that information prior to the rating releases.
Those 100 people wouldn't have a job in the first place without the requirement for those products and services.
Gee Alpine, when the CEO's rape the companies and then terminate lower level employees to maintain their lavish lifestyles I definately have a problem with it. I have no problem paying people what they are due but you can't tell me that present day CEO's are worth 10 times that of the CEO's of the 70's. In the 70's the CEO pay was 40:1 that of the average wage earner. Today it is 433:1. What does that tell you? As I see it, today's CEO's took huge risks to generate huge personal wealth and our nation is suffering because of it. if these same CEO's want aid of the federal government by way of tax breaks to regain strength in their company such tax breaks should come with caveats that the tax breaks are not used to simply pay off their overpriced compensation packages. As a tax payer do you want to bail out some CEO who screwed up or would you rather have that money going into employing more people so that the economy will turn around?
So a guy making $1 Billion in profits last year and who spends a small fraction of it in goods and services will help this economy how? Looks to me like a way to grow the upper end very nicely.
welcome to socialism. The bailout of the sub-prime borrowers, the rise of tax on the wealthy/business, are just of part of Obama's plan of moving US to socialism. I actually think this is the beginning, the tip of iceberg.
Entirely false. Capitalism (with low taxes) is by far the BEST economic system EVER created in the history of mankind. It has created better lives for more people, than any other system. It is not perfect, but is still the best.
Who are you to decide what a foolish overpriced luxury purchase is? Next overpriced purchase he should get your advice.