“…impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government…Rep. Alan Grayson, the Florida Democrat who wrote the bill, told me its basic message is “you should not get rich off public money, and you should not get rich off of abject failure.”
First of all, the government has no captital to invest. All it has is electronic funny money it created or money it has taken from you and me. Secondly, what the heck does Rep. Grayson think government officials have been doing all these years if not getting rich off of stolen public money.
Using the logic in this bill, since you and I have made a “capital investment” in leviathan we should also be able to retroactively set its members’ compensation since it should “not get rich off of abject failure”.
Just to be clear, I’m not a fan of the companies either. When you dance with the devil, the devil calls the tunes.