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post #1 of 19 (permalink) Old 08-05-2009, 08:52 PM Thread Starter
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Democrats Become the Pay Police

http://www.humanevents.com/article.php?id=32974

Democrats Become the Pay Police

Democrats also passed H.R. 6269, the Corporate and Financial Institution Compensation Fairness Act; on Friday that gives federal regulators the power to determine compensation for employees of private enterprises. The roll call vote was near party line.

Right after the vote, Republican Study Committee Chairman Tom Price (R-Ga.) talked about the government overreach.

“It is a chilling thought that Members of Congress believe they and federal bureaucrats should have a direct role in how private companies compensate their workers,” Price said. “This gross intrusion of Washington into the private sector is yet one more example of the Democrats’ desire to take control over every facet of the economy. Democrats claim they don’t want to run private businesses, but their actions continue to show otherwise.

“If we are to see the economic revitalization we all seek, we must recommit ourselves to the principles that gave us our national prosperity,” Price concluded. “Our economy has achieved success not through greater government interference and regulation but through competition and rewards.”

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post #2 of 19 (permalink) Old 08-05-2009, 11:49 PM
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Originally Posted by Miss D View Post
http://www.humanevents.com/article.php?id=32974

Democrats Become the Pay Police

Democrats also passed H.R. 6269, the Corporate and Financial Institution Compensation Fairness Act; on Friday that gives federal regulators the power to determine compensation for employees of private enterprises. The roll call vote was near party line.

Right after the vote, Republican Study Committee Chairman Tom Price (R-Ga.) talked about the government overreach.

“It is a chilling thought that Members of Congress believe they and federal bureaucrats should have a direct role in how private companies compensate their workers,” Price said. “This gross intrusion of Washington into the private sector is yet one more example of the Democrats’ desire to take control over every facet of the economy. Democrats claim they don’t want to run private businesses, but their actions continue to show otherwise.

“If we are to see the economic revitalization we all seek, we must recommit ourselves to the principles that gave us our national prosperity,” Price concluded. “Our economy has achieved success not through greater government interference and regulation but through competition and rewards.”
Is this part of Obamas "change"? WTF?

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post #3 of 19 (permalink) Old 08-06-2009, 05:22 AM
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post #4 of 19 (permalink) Old 08-06-2009, 06:53 AM
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That's insane if I'm reading that right.

I mean, I understand CEOs...etc make way too much but the public in general should be able to handle that by bitching and moaning.

Of course I say that, but even ask major corporations are going under their execs still take waaaay too much cash. In otherwords, CEOs put major corporations out of business and I think it is safe to say that between all the execs lavious salaries and bonuses - their salary is part of the problem. Regardless, they'll take that money.

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post #5 of 19 (permalink) Old 08-06-2009, 07:25 AM Thread Starter
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I don't think they are going after very large Corp. a lot of med size company's chose to not go public (like the company my son-in-law works for) and they chose to pay nice bonuses to the workers instead of paying all the money in taxed to the Government. Of course each employee has to pay a tax on the bonuses but still the Government does not get near as much as they would if they did not give it to the employees. As the Boss of the Company of my son-in-laws company's says I pay you a nice salary, get used to living on it, but if the Company has a great year you get a fantastic bonus, if it has a lousy year you get no bonus. So guess what the guys work their buts off and always make GREAT Bonuses. The Government gets some money but not near as much as they would if they could collect it all from the owner on his profit. The owner keeps his employees happy, he makes money, the only one not happy is the Gov.

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post #6 of 19 (permalink) Old 08-06-2009, 07:32 AM
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That's insane if I'm reading that right.

I mean, I understand CEOs...etc make way too much but the public in general should be able to handle that by bitching and moaning.

Of course I say that, but even ask major corporations are going under their execs still take waaaay too much cash. In otherwords, CEOs put major corporations out of business and I think it is safe to say that between all the execs lavious salaries and bonuses - their salary is part of the problem. Regardless, they'll take that money.
Who are you or anyone else to determine they make too much? One of the increasing problems in this country is that people even concern themselves with what others are making.

Hopefully this will be challenged in court and shoved down their throats.

This is however an effective way to kill the donors that pay for a lot of these jerkoffs to stay in power.

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post #7 of 19 (permalink) Old 08-06-2009, 07:35 AM
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Who are you or anyone else to determine they make too much? One of the increasing problems in this country is that people even concern themselves with what others are making.

Hopefully this will be challenged in court and shoved down their throats.

This is however an effective way to kill the donors that pay for a lot of these jerkoffs to stay in power.
I don't agree with what they make, I don't think it helps their companies when they are going out of business but I also don't think the government should...

a. Dictate their salaries
b. Bail them out (them = company/execs...etc)

When taxpayer money is bailing out companies that's when taxpayers start having a say. That's why they should just go out of business and be done with it. Other, more effecient management can start new companies...etc...etc.

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post #8 of 19 (permalink) Old 08-06-2009, 07:42 AM
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I don't agree with what they make, I don't think it helps their companies when they are going out of business but I also don't think the government should...

a. Dictate their salaries
b. Bail them out (them = company/execs...etc)

When taxpayer money is bailing out companies that's when taxpayers start having a say. That's why they should just go out of business and be done with it. Other, more effecient management can start new companies...etc...etc.
Examples?
What do you think is 'fair'? Have you ever been in a 'C-Level' role before?

In most cases the compensation is based on how the company is doing, which is why they are very bonus heavy. I'd venture to say you disagree because you've never been in their position or will make that kind of money.

If a board comes together, chooses a person to run the company and sets the pay - who is anyone to question that?

Until you've started a business and recognize the amount of time and capital required to get off the ground you can't comment on other managers being more efficient and starting a new company. A LOT of 'managers' are in the positions they are in because they lack the testicular fortitude to step out on their own and act in a role of total autonomy with 100% accountability.

Here is the plain and simple truth, the government kills businesses with oppressive taxes and overreaching regulations. You want business and economy to succeed? Cut the government out of it.

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post #9 of 19 (permalink) Old 08-06-2009, 08:00 AM
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Here is the plain and simple truth, the government kills businesses with oppressive taxes and overreaching regulations. You want business and economy to succeed? Cut the government out of it.
Seriously, are you not able to read?

Quote:
I don't think it helps their companies when they are going out of business but I also don't think the government should...

a. Dictate their salaries
b. Bail them out (them = company/execs...etc)
I cannot make it any clearer that I agree with you on the government side. If I agree with you on the salary side is irrelevant since I stated -a- and -b- even though I don't agree with it I feel it should be their choice.

Edit: For the record I come from a family that owned all their businesses. I also am part owner in a small business and fully understand the sacrifices and how screwed one is when it is mismanaged or other outside influences cause problems. You're awfully damned defensive.

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post #10 of 19 (permalink) Old 08-06-2009, 08:25 AM
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Defensive? Because I'm not wanting the government to have a say in the private sector??
Probably more annoyed at the paradigm shift in thought in this country.
I see this as a way for them to put a cap on worth. I could see them trying to set a limit at say $5M and all else goes to the government.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

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post #11 of 19 (permalink) Old 08-06-2009, 09:48 AM
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I don't agree with what they make, I don't think it helps their companies when they are going out of business but I also don't think the government should...

a. Dictate their salaries
b. Bail them out (them = company/execs...etc)

When taxpayer money is bailing out companies that's when taxpayers start having a say. That's why they should just go out of business and be done with it. Other, more effecient management can start new companies...etc...etc.

Do some research before you open your mouth. Do you want to know WHY bonuses are so prevalent? Because the congress capped Salary pay in the early 90's for executives. If a company gives an executive over a certain amount in a salary, they get hammered in taxes for that. This was the only way to properly compensate an executive without the company getting killed in taxes.

The Government dictated this, and now they are using it against private industry.
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post #12 of 19 (permalink) Old 08-06-2009, 11:05 AM
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Do some research before you open your mouth. Do you want to know WHY bonuses are so prevalent? Because the congress capped Salary pay in the early 90's for executives. If a company gives an executive over a certain amount in a salary, they get hammered in taxes for that. This was the only way to properly compensate an executive without the company getting killed in taxes.

The Government dictated this, and now they are using it against private industry.
Wow, some dense folks around here.

Might as well support the government doing this stuff.

Fuck execs, goooo government control of their salaries!

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post #13 of 19 (permalink) Old 08-06-2009, 11:11 AM
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IF a company is accepting bailout money from the Government, I have no problem with this. But this sounds more like the Feds are applying it to all companies.

IMO, if the Feds want to do something about the over compensation of executives, then they should make it easier for the STOCKHOLDERS to do something about it. Right now, executive compensation is set by the board of directors or the CEOs contract. Stockholders should have a say in the matter.

IMO, the Feds are pretty much out of line on this.

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post #14 of 19 (permalink) Old 08-06-2009, 11:23 AM
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They wouldnt have to worry about controlling it had they not bailed them out in the first place

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post #15 of 19 (permalink) Old 08-06-2009, 11:50 AM
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Wow, some dense folks around here.

Might as well support the government doing this stuff.

Fuck execs, goooo government control of their salaries!

My, What socialist views you have.
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post #16 of 19 (permalink) Old 08-06-2009, 11:51 AM
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They wouldnt have to worry about controlling it had they not bailed them out in the first place
Should have just let the fuckers fail in the first place.
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post #17 of 19 (permalink) Old 08-06-2009, 04:39 PM
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Should have just let the fuckers fail in the first place.
This is the best statement in this thread of retardation. Yes, I realize that I've posted a good percentage of the posts in here.

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post #18 of 19 (permalink) Old 08-07-2009, 12:13 AM
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This is the best statement in this thread of retardation. Yes, I realize that I've posted a good percentage of the posts in here.


One would presume the ackowledgement that the largest portion of retardation in this thread is yours?
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post #19 of 19 (permalink) Old 08-07-2009, 05:25 AM
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One would presume the ackowledgement that the largest portion of retardation in this thread is yours?
-sigh- No. As much as I'd like to continue to point out what I've already pointed out, I'm now tired of it.

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