Controlling Compensation???

http://online.wsj.com/article/SB124215896684211987.html

Now this should be a way Obama can help the rich pay less taxes, tell them he's lowering their salary and giving more of the money to those entry level positions. Or to those people who take the entry level positions but really have no desire to go any further in their jobs. Which isn't a bad thing if the job matches up with the needs of the employee. Perhaps their family requires more time, perhaps they already deal with too much stress in other areas of their life and this is all they can do or perhaps all they need is a job that pays $10 an hour and they use for extra money to go on vacation, pay for extra curricular activities, etc. Those are all great reasons to stay working at a job that pays $10 an hour plus your 4% raise each year. Or maybe it's $15 an hour, whatever the case, good for them!! I wouldn't mind Jessie getting one of these jobs in a few years!!! :) However, how can you compare what they do to what executives do?

In my last job a story was passed down to me about someone asking our old CEO of Blue Cross how he justifies paying himself so much money when it's the $10 an hour jobs that keep the company afloat. Many people think this same way, it's the employee that builds the company and make it successful, etc. Well this CEO responds with anger in his voice and says, "It’s the decisions I make that make it possible for you to have a job".

I do not understand why people will make the rich villains. Why? Because their successful, they have money, nice cars, etc? It’s simple jealousy! And I have to admit, I get a little jealous at times as well but I do realize that the jealousy deal is ridiculous! We should be learning from the successful, not punishing them. Observe their work ethic, observe how they think, what they say, decisions they make! Don’t punish them by taxing them more or lowering what they make. As this article points out, if you do it in one area whether it’s the banking industry or whether it’s healthcare, those that are capable of making lots of money will move to another area where they are not limited. So then we end up with a crappier banking industry and a crappier healthcare industry. Socialism promotes mediocrity, why try if you’re not going to rewarded according to your efforts. Socialism in a few industries promotes avoiding those industries! But it’s not hard to see that this is the direction we’re going. And if you think an unemployment rate of 8.5% is bad wait until 10% is the best rate you’ll get.

This administration is poking its hands in places it doesn’t need to be in. Mainly b/c they can’t successfully run hundreds or thousands of companies. They cannot make sound decisions for everyone. My guess is Obama has all these college text books in front of him and he’s trying to find out what he should do. “Chrysler wants to spend $130 million on advertisement in one quarter, ridiculous, this text book says advertisement is risky, lets cut that in half.” Let the guys that earn the big bucks make the decisions. They have many people they are representing and they feel the pressure to make the right decisions. And if they don’t make the right decisions, don’t give them billions of tax payer dollars, tell them what changes to make, and then still see them go bankrupt a few months later!!! Let them go bankrupt to begin with!!!!! Don’t just throw more money in there that will just be wasted, especially if you’re going to make it even harder by telling them they can pay anyone that’s worth anything and they can’t pay out bonuses and they can’t do advertisement and that have to make hybrid cars that no one wants b/c they’re little toy cars, etc! This administration lives in a world of make believe and it’s frustrating! Let the people with the experience make the decisions!!!!! If they make the wrong decisions let them live with it.