
We’ve never wanted to be thought of as having a narrow political view and that’s why we became a Independent Populist. While we have criticized President Obama’s stimulus plan, we came across this item today and we couldn’t agree more with the President’s position.
Obama has imposed a $500,000 pay cap on senior executives whose firms receive government bailout money. Those funds of course are generated through you and me, the U.S. taxpayer.
We support Obama’s action on this subject because no one receiving our tax dollars should sweeten their own coffers. We don’t begrudge anyone in this country from earning a living by any legal means. We don’t have a problem with anyone earning vast amounts of money because that’s the American way.
What we have a problem with is CEOs of companies paying themselves millions of dollars while the guy making $15 an hour gets laid off. To carry that point further, if an executive of a corporation that’s being funded in any way with U.S. taxpayer dollars, that executive should be limited to what he or she can earn.
Any Comments?? or Thoughts on this Matter??