Question: Answers Wanted
Background:
Hypothetically, and extending this past companies that have been given TARP funds, should the Federal Government regulate employee wages? For instance: should actresses have a salary cap of $100,000? Or lawyers a cap of $150,000? Is it reasonable to think that people should only make a certain amount of money?
The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.
Hypothetically, and extending this past companies that have been given TARP funds, should the Federal Government regulate employee wages? For instance: should actresses have a salary cap of $100,000? Or lawyers a cap of $150,000? Is it reasonable to think that people should only make a certain amount of money?
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