Sunday, July 26, 2009

A Country Gone Off the Rails

A pretty picture:

"Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data — without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries. Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total U.S. pay in 2007, the latest figures available. The compensation numbers don’t include incentive stock options, unexercised stock options, unvested restricted stock units and certain benefits."

Is there anyone who still wonders what has gone wrong with our economy? Or, for that matter, with our whole society?

It is time for the government to step in and take a large part of these people's ill-gotten gains, amassed through decades of paid corruption, lying conservative pseudo-economic theory, and good old fashioned criminality.

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