Capitalism in danger
2007-02-05
George Bush and Vladimir Putin don't see eye-to-eye on missile
defense in Central Europe, but they found common ground on
the widening gap between salary levels. Bush said that salaries
of CEOs should be based on their success in improving their
companies and bringing value to shareholders. Putin said that
the widening gap in his country will be addressed by
guaranteeing economic growth, not through forced
redistribution of the kind used 80 years ago. The CR, too, wants
to use this indirect approach. The coalition's planned tax
changes would remove some of the "success penalty" associated
with progressive income tax but would invariably benefit those
at the top more than those at the bottom. The big fortunes have
already been made, and no market-based measures will reduce
them. Only a revolution could do that. Patrick Buchanan, a
conservative American political commentator, said that
exorbitant CEO pay is killing capitalism.
[Czech Republic Vladimir Putin George W. Bush United States of
America USA reform]
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