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Salary caps are a joke-
by shazbot
-1 Reply

Remember the great income tax avoidance of the business world? You know, when they discovered they could give executives multi-million dollar "loans" in lieu of high pay ? The loans were to be forgiven after five years etc. thus letting the company write it off as a loss while the exec got the cash. Business is always a step ahead of the game, mostly because congress never does a thing without getting the lobbyists in on it first.

Ah what the hey the system was taken over long ago by fat cat crooks.

Meanwhile back at the trough-congress while trash mouthing Obamas stimulus plan does not hesitate to pad it heavily with earmarks.

Business as usual.

Re: Salary caps are a joke-
by the bull

The salary caps won't work, because there's nothing from preventing the Board of Directors, in the effective firms, from bringing in "consultants" and paying them whatever is needed.

They're trying to put a rope on the cow, after it left the area. Strings first,money second.

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