So Brian, I have to ask, assuming you work in the private sector. Let’s just say your company, tomorrow get’s taken over by our government…In the interest of saving taxpayer’s money, your $150k/year salary is deemed an “outrage” for whatever you do, and you the government decides to pay you $70k because you are under taxpayer dollars and there are people working a McKDee’s earning $7/hr are taxpayers and who think you are paid to much….Meanwhile your company’s competitor is still paying $150k, and hiring. What would you do?
Now if the government comes back and decides to put a cap on every one of your company’s competitor in the U.S., but an equivalent company say overseas still pays prevailing market rates of $150k, again I’m curious what you would do?
Lastly, I guess I wonder, what would end up happening to every institution in the U.S. if this were to happen over the longer period, versus every other institutional counterpart overseas, despite the impression that U.S. wants to act as a world police but can’t practically do so.
I don’t know, but if a government took over my company and didn’t pay me prevailing market rates, I’d give the company and my government the middle finger and find another employer that did.. I guess the folks that would take over what I’m doing are the ones who can’t otherwise find the equivalent position at market rates, for whatever reason.
Lastly I would challenge anyone on this board, inclusive, to be that trader that can rack up $600million in one year. I thought so.
BTW: shouldn’t we also put a salary cap on athletes in San Diego? Should we put a cap on Padre’s and Charger’s? Didn’t Petco use public financing too? What if the Padre’s had a salary cap but other teams don’t? I guess it wouldn’t matter geting a bunch of C and D string players (especially since judging how the Padre’s are, it seems like we currently got them anyway).
