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Thorn
Member
Hear, hear!!! I can see this as an extremely popular proposal. I hope it passes; this is our money, after all.
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Cancel5
Guest
Exactly and like she said, what is wrong with what the President makes a year? I know many people who would be happy to make that kind of money.
When they have paid back the USA tax payers, then they can give the huge bonuses and big salaries, until then, this is our dime they are throwing around so carelessly!
Think of what this Congress woman could have done for her state with half the money!
KingCondanomation
New member
While this is good, the real root of the problem is that we should never have a bailout to begin with, government money is ALWAYS misused.
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Cancel5
Guest
I agree, I don't think Wall Street should have gotten a bail out. We need to look at today's Capitalism and decide what works and what doesn't.
cawacko
Well-known member
While many people would be happy to make $400k/yr how many would be interested in the doing the work that it takes to earn that money?
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Cancel5
Guest
There are many Americans that are willing to work for good pay. It is just hard to do for $10.00. I bet you would see some real motivation if you offered people this kind of money!
cawacko
Well-known member
There are probably a dozen or more people in my office that make more than $400k, but I will say they work long hours on a regular basis, travel a lot and thus are away from their families for long period of times. I know that's not a life everyone would want to lead.
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Cancel5
Guest
My husband is gone two weeks at a time and doesn't earn that kind of money.
He is a very hard worker and good at what he does, but I bet for $400,000 he would be even better! And for a million, he would be Superman!
Thorn
Member
That's very true. It's also true that many, many people work those sorts of hours and sacrifice as much for a lot less money. Think scientists, for instance. And most of us are very happy in our work.
C
Cancel5
Guest
Scientist and nurses! After all the time I spent in the hospital over the last two years, I think nurses should make far more than they do! Thanks for pointing this out! I also wish good teacher could make more! Incentive increases, the better your students do, the more you further your education and theirs, the more money your earn.
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stupid companies that took the bailout...did they really think that when the federal government gave them money the federal government wouldn't step in to control their lives. that is how the federal government wields most of its power, money.
cawacko
Well-known member
I'll be realistic. You could pay me $400k starting tomorrow but it doesn't mean I can do what the guys who earn $400k do. You could pay me $1 million starting tomorrow and I'm not going to be able to do more than I can do now.
Annie
Not So Junior Member
Surprise, I agree with here. Any company that accepts bailout money, should be considered owned and operated by the US government. They can set salaries, decide what will be done regarding the business-who will stay, who will go, who will be hired, without explanation if they so choose.
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that would be against the law unless the government purchased shares in the company.
are these bailouts loans, gifts...what? why do you believe that any money from the bailout should automatically make the government the sole decider regarding business decisions, such as salary?
Annie
Not So Junior Member
Screw stockholders, once the government is paying in, they get to call the tune. It's up to the businesses whether or not to take the $$$. Seems to me the best answer is to fix the business, declare Chapter 11, or liquidate. If all the banks, auto makers, farmers, etc., told the fed to back off, things would be better, but they are not.
So don't go half way.
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i don't believe in giving the government power solely based on the government giving money.
and i don't believe in screwing the shareholders who most likely had nothing to do with the decision. it violates the law for the government to be the decision maker like this.
and i don't believe in screwing the shareholders who most likely had nothing to do with the decision. it violates the law for the government to be the decision maker like this.
Annie
Not So Junior Member
If the board decides to take the money, it's they that are screwing the stockholders, unless they believe the government knows more about their business than they do. If they take the money, they give up control.
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ok, then the government should tell people on food stamps what to eat and those on other welfare what to spend the money on...
uscitizen
Villified User
The shareholders should have taken a more active role in their companies.