Quote:
Originally Posted by Spexxvet
Your whole statement is a straw man argument. Stop insinuating that I've proposed ideas that I haven't. I've never said anything about someone telling you what is enough. Nor have I said anything about a "program".
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The spirit behind Spexxvet’s post is too accurate. Greenspan in repeated interviews on his book tour, again repeats what he considers America's two greatest threats. 1) An education system that is not graduating sufficiently educated students. 2) An increasing disparity of wealth - the concentration of too much wealth among too few people. Last time this happened, America then ended up in the Great Depression. With too much money concentrated among too few, then the economy did not have liquidity necessary for growth. A major depression resulted much later.
Whereas the top man once made 14 times more money than his average employee, today, that number is in the hundreds - approaching 1000 times more money. There is no justification for that disparity. The free market system broke down when top management salaries has no relationship to free market forces. An elite simply bids up each other's salaries with no regard to value.
Ironically, the most poorly run companies were paying most for their top executives. Nardelli of Home Depot is a perfect example. Nardelli was running Home Depot slowly downward. Finally Home Depot paid him about $150 million just to leave. When do you get paid for being incompetent and fired?