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CEO pay should be limited to a number equal to 20 average workers annual wages. In addition, we should pass legislation modeled after the environmental models of the 70's so that on-going problems caused by old problems is remidied.
In short, anyone who is a major shareholder in a bank or multinat should have their assets nationalized and put into the general fund of the US Treasury.This is an equitable solution.
For Congress: Add term limits. Put committee assignments on a rotating basis. Tighten up on the gravy pension plan. Put ethics compliance into an external BOD. Allow for recall by the voters. Change tour of duty for Representatives to 3 years (instead of two) and stagger them within states.
During the campaign the dem candidates repeatedly pointed out how the American people should have the same health coverage as members of Congress. I say make them pay for their own health care coverage with the same deductions and limits the general public has to accept.
I once attended a church where the philosophy on the pastor's salary was that he should make the average of the members of his congregation. Not a bad plan for Congress.
Also, in the 60's or 70's, I read an article that really impressed me in Mother Earth News in which a kind of new-age hippy economist suggested that an economy with a minimum wage should also have a maximum wage. He had a formula for determining it which I can't remember. Then, the average CEO pay was not nearly as high compared to factory workers and minimum wage as it is now. I sort of like the concept and apparently that is what our president is doing with corporations taking bail out money. Should it be done to all corporations and all salaries? That probably smacks too much of socialism. However, think of the areas of our economy where salaries have become insanely and ridiculously high--CEO's, movie stars, rock and roll bands, athletes, politicians, etc. Should those salaries have a limit too?
It's funny how you fake conservatives come out of the wood work with your pitchforks whinining and crying about Congressional pay when Dems are in control.
The GOP controlled Congress had a pay raise every single year they were in office....did most of you complain about that????
I doubt it...You were too busy cheering on the War and making excuses for all of Bush's screw ups.
Look,
I don't condone wage increases for anyone in "office".
The same applies to Republicans. But, if you believe that Nancy Pelosi should get a pat on the back, for her willingness to stop drilling for oil and her support for sea kittens, then you are truly lost.
It doesn't matter where you live. It doesn't matter what you do. You could hitchhike along route 66 for all I care.
But, don't tell me that Pelosi and Harry Reid are earning their money honestly.
I would go a bit further... what Obama did with the pay cap isn't really going to do much at all... most of the CEOs already make less than that (however they make most of their money on bonuses, stock options, and benefit packages which by the way Obama didn't even touch).... I would of limit 500k in all of the stock options and bonuses/awards together, and all executive compensation would be controlled entirely by shareholders permanently. Under Obama, basically NOTHING happened... the pay cap was only hype... its sad when our President stands up and hands over 2 trillion dollars to businesses and make laws that do very little of anything to these companies... Its like watching a soap opera with two people (Obama and corporations) working in concert to pull the wool over taxpayers eyes... it will fool some... it won't fool me...
If "We the People" could vote to limit pay for Congress and put in a clause - that they would have to take a 2% pay cut for each year that they don't balance the budget - Congress might stop being so childish. Or at least try to do a good job, pending a pay cut for bad performance.
And don't even try to tell me that we won't get good people in office without the promise of outrageously high salaries. Congressmen and women earn tons of money - and look at the boobs we have employed.
It's time to get the bums out.
We do have one congressman who takes no pay--but gives it back to the taxpayer. That would be, Ron Paul--who most of you call a "kook". The greedy congressmen should all be so "kooky".
A Liberitarian is someone who has yet to understand US History 1890-Present.
But as a rule they are honest.
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congressional pay
