Monday, February 21, 2011

By Forrest White

On the top of the Democrats’ “Guess who's being overpaid” list are always the evil capitalist CEO's, Wall Street brokers, bankers, hedge fund managers, and other high-ranking officers of large corporations. The truth, on the other hand, is a different story. Those people are not overpaid; their salaries are market driven as all salaries should be.  What is most interesting about how Democrats decry the salaries of CEO's is that they never seem to decry the earnings of Hollywood stars, pop musicians, and the like. Media are people who earn millions by producing what are for the most part worthless goods (and that is being generous). CEO's generally run companies that create goods and services and therefore enhance the economy, and yet those are the people that Democrats rail against. But the Hollywood elite and the rappers & musicians who make millions by producing the sludge & filth that permeates our society? They are off of the liberal's radar screen.

It is time for Liberals to allow the market to decide salaries. If a CEO of a company is successful, he will reap the rewards, and if a CEO of a company is up to no good, it will come to light. If a teacher performs well, they should be compensated, and if a teacher performs badly they should be fired. Let performance and results be the guide to who succeeds in America, not the Liberal’s list of who should and who should not succeed.

NOTE: Soon there will be a YouTube arm to this blog. Stay tuned for updates. (LINK.)

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