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Tipsheet

A Silly, Silly Idea

ABC News looks at some of the (tax-free) perks enjoyed by a sitting President in the context of a discussion about limiting CEO pay and perks.

Of course, it's silly to argue that a President shouldn't have the kind of security and transportation set ups that President Obama enjoys. 
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But it's also silly to argue that the government should be setting pay limits for CEO's of companies who are accepting the government bailouts -- especially when it's a prospective measure that wouldn't impact the livelihoods of those who actually got the companies into trouble.

While the government is setting salary caps -- a socialist move if ever there was one -- why not do it for all those who substantially benefit from government largesse? How about university presidents?  How 'bout government workers -- as hirees of the American taxpayer, none should earn more than the average income of $50,000?

If someone argued for a cap on teachers' salaries, the (quite sensible and correct) argument would be: We don't want to discourage the best minds from going into teaching.  Well, the same goes for serving as the CEO of a large business.

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