(This picture is relevant to a lot of my post. It sums up my points fairly well.)A Government appointed pay Czar will be determining how much executives at companies that receive bailout money are paid. The government forced some of these banks to receive bailout money; thus, leading to the government controlling these industries. "The Obama administration says excessive executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy." "Treasury Secretary Timothy Geithner said on Wednesday the Obama administration wants Congress to pass new laws giving securities regulators power to force companies to let shareholders have more say in setting executive pay." This means President Obama also wants to control executive pay for "all" publicly traded companies. This is taking control of these businesses out of the hands of the businesses and putting the control in the hands of the masses. Who will be controlling the masses by stoking wealth envy? This is a new era for America with this level of government control over the economy. Ronald Reagan once said, "No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!" This level of government involvement in the economy will be with us for a long time even if the conservatives gain back control of the government. Unless people demand action.
The government is using wealth envy as a smoke screen and an excuse to gain more control over the economy and our lives. The government is pandering to the worse in human nature and using it for its own purposes-- gaining more control.
This will create a "brain drain" that will drive out talent in these businesses. This will lead to lead to poor management of businesses; thus helping to contribute to the poor performance and downfall of these businesses and creating a vacuum. The government will step in and fill the vacuum. Ultimately this will lead to more government control of the economy. This sounds like what I read in _Atlas Shrugged_.
Another point to illustrate that the government is gaining more control of America, and another indicator of where America is heading.
