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Wednesday, November 26, 2008
Thomas Sowell :: Townhall.com Columnist
Ivan and Boris Again
by Thomas Sowell
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There is an old Russian fable, with different versions in other countries, about two poor peasants, Ivan and Boris. The only difference between them was that Boris had a goat and Ivan didn't. One day, Ivan came upon a strange-looking lamp and, when he rubbed it, a genie appeared. She told him that she could grant him just one wish, but it could be anything in the world.

Ivan said, "I want Boris' goat to die."

Variations on this story in other countries suggest that this tells us something about human beings, not just Russians.

It may tell us something painful about many Americans today, when so many people are preoccupied with the pay of corporate CEOs. It is not that the corporate CEOs' pay affects them so much. If every oil company executive in America agreed to work for nothing, that would not be enough to lower the price of a gallon of gasoline by a dime. If every General Motors executive agreed to work for nothing, that would not lower the price of a Cadillac or a Chevrolet by one percent.

Too many people are like Ivan, who wanted Boris' goat to die.

It is not even that the average corporate CEO makes as much money as any number of professional athletes and entertainers. The average pay of a CEO of a corporation big enough to be included in the Standard & Poor's index is less than one-third of what Alex Rodriguez makes, about one-tenth of what Tiger Woods makes and less than one-thirtieth of what Oprah Winfrey makes.

But when has anyone ever accused athletes or entertainers of "greed"?

It is not the general public that singles out corporate CEOs for so much attention. Politicians and the media have focused on business leaders, and the public has been led along, like sheep.

The logic is simple: Demonize those whose place or power you plan to usurp.

Politicians who want the power to micro-manage business and the economy know that demonizing those who currently run businesses is the opening salvo in the battle to take over their roles.

There is no way that politicians can take over the roles of Alex Rodriguez, Tiger Woods or Oprah Winfrey. So they can make any amount of money they want and it doesn't matter politically.

Those who want more power have known for centuries that giving the people somebody to hate and fear is the key. Continued...

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About The Author
Thomas Sowell is a senior fellow at the Hoover Institute and author of The Housing Boom and Bust.
 
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Rights in America
PresidentDon (reply #107): Please put your paranoia away and get a good night's sleep tonight. Speaking from 15 years experience as both a local and a federal prosecutor, I can assure you that the sidewalk shakedowns you fear are not very high on the list of things you really need to worry about.

Officer Friendly does not have the right to stop you against your will, not even for an instant, without at least an objectively reasonable suspicion that you are engaged in criminal activity. (The officer will later be required to demonstate the basis for that suspicion to the satisfaction of a reviewing judge) Even then he cannot search you unless (1) you consent to a search, or (2) he has a valid search warrant issued by a judge only on a showing of probable cause to believe that the search would produce evidence of criminal activity, or (3) under very limited circumstances an officer may be able to conduct a warrantless search based on probable cause to believe that criminal activity has occurred or is occurring. (Here again, the officer must justify the search after the fact to a judge -- a judge who will review the search using the same standard that would have been used to issue a search warrant.)

More important, even if you are correct in assuming that all cops are basically Gestapo thugs who really want to shake down random citizens for no good reason, in reality they seldom have the opportunity to do so. The problem is that there is so much real crime going on that most cops are way too busy arresting real criminals to mess with good, and probably misunderstood, citizens like yourself.

Let me guess: You threw the joint away when you saw the officer coming, and he inexplicably arrested you anyway. Sorry man, that's his job.

Community Reinvestment Act
As a new-hire young bank teller back in the early eighties it seemed to me that the most important thing my bosses wanted me to know on my first day of work was WHERE was the file for the CRA to be found. Management seemed "scared" that "someone" might just walk into the branch and ask to review the CRA file. If I as an employee could not immediately identify where it was to be found, there would be a HellToupee and the Bank Manager would be wearing it. This memory has stayed with me because it was very serious to my bosses. I wondered what pressures they were under...
(During that era I was newly employed at United California Bank, Bank of America and Peoples Bank in Wa. state- all were similar in that respect.)
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