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Is your Paycheck NEXT?

Original post made by Ken in South Pleasanton, Downtown, on Aug 1, 2009

The House vote on limiting Wall Street bonuses is the first step on a very slippery slope to allowing our government to dictate how much you can earn as an individual or a corporation.

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I agree that the bonuses paid by Wall Street companies and bank conglomerates are obscene, especially when those companies are losing money and taking subsidies from the government. Companies enjoying government (our tax dollars) subsidies should be overseen and closely managed by a government office. But those who are not sucking on the teets of the US citizen by taking subsidies should be allowed to conduct business within the laws of the nation. The best message for any company to change their ways is to go out of business as the result of bad business practices. This sends a huge message to other companies that use similar business practices.

I believe that hard work, intelligence, innovation, and risk should be rewarded appropriately. Those who are successful should reap the benefits of their labors. Those who aren't should learn from the experience and find a better day job. Less government intervention in the private sector is better for all of us in the long run and preserves the individual freedom we have to excel.

Comments (5)

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Posted by Cholo
a resident of Livermore
on Aug 1, 2009 at 8:22 am

What's your complaint? And, what is wrong with you having a limited income...duh?


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Posted by Stacey
a resident of Amberwood/Wood Meadows
on Aug 1, 2009 at 8:42 am

Stacey is a registered user.

"The best message for any company to change their ways is to go out of business as the result of bad business practices. This sends a huge message to other companies that use similar business practices."

I agree those companies should just go out of business. Then no one will want to hire the individuals who were more interested in their own short-term gain than in the company's long-term viability. Greenspan was under the false assumption that a company wouldn't do things that would damage long-term viability. Boy, was he wrong. Stop hiring those only interested in their own paycheck and bonus. If you need to dangle a huge bonus in front of someone in order to hire them, they probably are not a good fit for your company. They have no interest in the company beyond their own greed and what they can milk your company for.


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Posted by Ray
a resident of Downtown
on Aug 1, 2009 at 10:44 am

Ken,

I love how you are so worried about those poor, poor multi-millionaires. It's amazing how the cons (neocons) brainwashed guys like Ken into thinking the middle-class should only look out for the interests of the corporate elite. I guess we should all worship Douchebag CEOs and their hug bonuses.


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Posted by Jamie
a resident of Vintage Hills Elementary School
on Aug 2, 2009 at 10:12 pm

Yikes ! Is this Pleasanton...it sounds more like an old Marxist-Socialist couintry. I fear for my children's future. I've taught them the other half of freedom.....PERSONAL RESPONSIBILITY ! It would be a shame to waste such a great country of opportunity on unworthy leeches. Academia has finally succeeded in destroying personal freedom and free enterprise..preparing us for our 3rd world status. At least we had the LAST century to show the world what motiveted individuals can do....making the entire envious of our innovation, accomplishments and wealth creation....starting with a rural society. 100 years we skyrocketed to the top & now we'll become just another poor socialist country of sheep. The new US socialist mentality of trying to make us to be like the pathetic countries. I was always proud that we had become and thought we wanted to stay the enevy of the free world. Sad the drones have even infiltrated Pleasanton.


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Posted by Gary
a resident of Danbury Park
on Aug 2, 2009 at 10:16 pm

How about this one. CITICORP and Merrill got 52 billion of our money and then they lost 51 billion for the year then turn around and give 9 billion of our money in bonuses to the guys who lost the money!!!!!!!!!!!


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