The Obama Administration & Congress are blaming flawed executive compensation for encouraging “disasterous risk taking?”
Rep. Barney Frank, D-MA Chairman of the House Financial Services Committee now wants government, not the free marketplace, to dictate to private companies compensation guidelines for executives.
Are you next? What stops Democrat-Socialists from determining that you are making more than your neighbor, which is unfair and takes away some of your income to redistribute to your neighbor in order to create a more level playing field?
Isn’t the United States still a capitalist society?
Capitalism is based on the principle of individual rights, private ownership of property, individuals and not government making financial decisions, prices, production and distribution of goods and services dictated by competition in the free market place.
The Free Marketplace encourages individual responsibility, the incentive to produce and create employment opportunities.
“Millions of individuals making their own decisions in the marketplace will always allocate resources better than any centralized government planning process.” Ronald Reagan
Ronald Reagan on Capitalism & Socialism