Tuesday, October 14, 2008

Does Obama read Cannibal Planet?

“I am concerned that the way that they structure this new mechanism that we are cracking down on excessive CEO pay –- that I think should be part of the deal,” Mr. Obama said

That's playing pretty coy with the issue, but at least the issue is seeing some light.

Barack, I hope I can cal you Barack. After all, my first son is Ra'am and we were going to name our second Barack, but he didn't act like a Barack.

Barak, how's about taxing gross pay above $1 million. Gross pay, because there are too many loop holes that well paid CPAs can exploit to make the largest gross pay net next to nothing. This should be a progressive tax that, in effect, limits a person from making more than 100 times the minimum wage. If they want to make more money than that, they should think about improving the overall economic situation so that the minimum wage can rise.

Also, any company that is in bankruptcy should freeze all executive pay and benefits that are above $100k. I think it is ridiculous that these CEOs, mentioned a plenty in this blog, continue to pay themselves multimillion dollar compensations when there companies are nose diving!

So, Barack, you have room for me in your Cabinet?

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