Shlrm.org Blag

I received a survey in the e-mails today. It was one regarding the healthcare stuff. However, many of the questions were loaded, I’m going to paste the quiz along with my answers in here for your reading enjoyment. The questions are numbered and my answers are in bold, where italicized, it was an answer not in the A,B,C,D of the quiz. I responded via email back to the reply-to of this address rather than sheep-ly fill out the answers inside the little box they gave me. (continue reading…)

It seems the Obama Administration has come up with a great idea. Lets artificially set limits on the amount of compensation that financial workers can make. That’s going to give them a great deal of motivation to work hard and do a good job. This isn’t going to fix anything at all. In fact, it’s more likely to produce corrupt individuals.

A truly free market will appropriately set salaries for people. The shareholders and the board of directors will pay the people what they belive they’re worth. The people working for these companies will believe they’re getting paid well for the work they do. Failures such as the one that has occured recently are a wake up call for the industry. They realize that they’ve been paying people too much, and agreeing to contract terms that result in CEOs leaving with a huge bonus regardless of failure, or success, of the company.  That will be remedied, but not by artificially setting limits on compensation. Artificially set limits will only drive people away from the industry, or encourage them to find “creative” ways to make enough money. Some of those “creative” ways may have questionable legality.

This is another example of the government meddling in things they shouldn’t touch at all. They should only deal with enforcing private contracts. They should be ensuring that the contract that the company and the CEO is held up. Even if that means the company hurts badly, potentially failing. It will serve as an example to not form contracts this way anymore. It will cause pain to the shareholders that have agreed to the terms of the contract.

It will force the appropriate people to be responsible for their actions. Something that is severly lacking in the United States of America these days…