Go Back   GameTavern > House Specials > Happy Hour
Reply
 
Thread Tools Display Modes

Re: Compensation Limits = Higher Taxes for Everyone
Old 03-24-2009, 05:15 PM   #1
BreakABone
Living Legend
 
BreakABone's Avatar
 
BreakABone is offline
Location: Resident of Alfred.. Yes the town named after Batman's butler
Now Playing:
Posts: 10,317
Default Re: Compensation Limits = Higher Taxes for Everyone

I thought Compensation limits were only for companies that accepted TARP and was only until they paid the gov't back.

Wouldn't it motivate said executives to work faster and harder to pay the gov't back?

Or am I missing a step?
__________________

Dyne on Canada's favorite pasttime,
Quote:
I loved ramming into animals as they ran away
  Reply With Quote

Re: Compensation Limits = Higher Taxes for Everyone
Old 03-24-2009, 06:46 PM   #2
Professor S
Devourer of Worlds
 
Professor S's Avatar
 
Professor S is offline
Location: Mount Penn, PA
Now Playing: Team Fortress 2, all day everyday
Posts: 6,608
Default Re: Compensation Limits = Higher Taxes for Everyone

Quote:
Originally Posted by BreakABone View Post
I thought Compensation limits were only for companies that accepted TARP and was only until they paid the gov't back.

Wouldn't it motivate said executives to work faster and harder to pay the gov't back?

Or am I missing a step?
Walking snot ball Barney Frank and others today were talking about making overall limits on compensation. I work from home some days so I have cnbc and Fox business on all day, so I think I have the jump on this.

Even using your case, why would executives be motivated to pay the government back? I'd be motivated to go to another company who didn't have to take TARP funds so I can make more money.

If they make compensation limits for every major corporation, why wouldn't you leave the country for extra millions per year? The top talent from around the world comes to New York for money, not sight seeing. There is no reason why the world's financial system has to flow through wallstreet, and if we hamstring ourselves it can and will move to other nations who are set to compete with us like China and India.

It just seems to me like the West thinks that it will always be in t he position of world economic power, and I think thats a very foolish idea.
__________________

Last edited by Professor S : 03-24-2009 at 06:58 PM.
  Reply With Quote

Re: Compensation Limits = Higher Taxes for Everyone
Old 03-25-2009, 04:35 PM   #3
Bond
Cheesehead
 
Bond's Avatar
 
Bond is offline
Location: Midwest
Now Playing:
Posts: 9,314
Default Re: Compensation Limits = Higher Taxes for Everyone

Quote:
Originally Posted by BreakABone View Post
Wouldn't it motivate said executives to work faster and harder to pay the gov't back?

Or am I missing a step?
Maybe... but it seems as though these provisions are being discussed and enacted ex-post, which is not terribly effective in my mind. It's not reasonable to loan money to private companies without stipulations, but then to impose conditions after the money has already been loaned. Perhaps this is a side effect of jamming through the TARP (and such) legislation so quickly.
  Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT -4. The time now is 05:23 AM.


vBulletin skin developed by: eXtremepixels
Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
GameTavern