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Arrrgh!

So I make the stupid mistake of checking out the comments to Markos's post about CEO pay because he refreshingly says:

Let me say it: I don't give a shit about CEO pay. What CEOs make is between them and their shareholders. Limiting what they make, while perhaps making us feel better, doesn't change the fact that we're pissing away $700 billion to Wall Street, while Main Street remains starved of investment.

Yes, it's delightfully populist, but it's a trifle at best.


I doubt you'd be able to hold him to the principle enunciated in the second sentence, but it's there on view.

I glanced at the comment counter at the bottom of the post and saw it was over 550. The "leering at train wrecks" lobe of my brain kicked in and I took a peek.

One of the most destructive things Reagan did was to lower the top marginal rate of federal income tax to 28%. Prior to his taking office it had been 72%; It was at its highest (92%) during the Eisenhower administration. The last time it was this low (it was 25%) was in the 1920's, during the run-up to the great depression.

*barf*

That's grey skies turning to blue just abusing the shit out of logic and reason.

Posted by drizzten on September 23, 2008 01:18 PM |

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