Tuesday, February 3, 2009

If You Want Taxpayers To Help, You're Not Taking Home More Than $500,000

According to a NYT article, the Obama administration is planning to impose income restrictions on executives of companies that request "bailout" money. Under the restrictions, executives would not be allowed to make more than $500,000 during the year. This is good news and bad news. I personally would not want to have the government telling me how much, at maximum, that I could earn during the year. However, if I was so irresponsible as an executive so as to drive my company into the ground and expect to be bailed out by the taxpayers, then I should have to forfeit my right to excessive (yes, excessive) income. Fair is fair.

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