Saturday, October 24, 2009

The Conservative View: What a Tangled Web

This week's Conservative View, by Adair County Commissioner Russell Turner.
The Conservative View
by Russell Turner

What a Tangled Web

I have always believed that the price of anything is based upon demand and what the American public is willing to pay for it. Whether it is goods, services or labor, the law of supply and demand will find a balance of the proper value and price. What I am describing is the economic system of capitalism. Capitalism is the best system of economics that has ever been devised by man. Over the past few days there has been a huge debate on the proper pay for CEOs in some of the largest companies in America.

Our government has taken upon itself to be the entity that decides the proper salary for the people running our largest companies. I do feel that at times some of the CEOs are paid an exorbitant salary. If I am not a stock holder in that company it is really not my business. Businesses must entice people to invest in their stock for their company to grow. If they use bad judgment with the company’s money, they run the risk of people selling the stock they might have in the company and new investors taking their investment dollars elsewhere.

Our government is using the justification in setting salaries because of the bailout monies that were funneled to those companies in order to keep them open. Like a spider web that we might walk into, the more we try to get it off of us the more tangled it will get. When the government started deciding to give money to certain companies that were not run properly, they kept other companies from moving up to take the place of those that were run poorly. Now unelected bureaucrats who have never run a business or made a payroll are in charge of deciding what the proper pay scale will be for the people running those businesses.

Over the past year there have been several positions created for more bureaucrats, now they are called CZARS. Sadly some of these czars have expressed an admiration of the former leader of China “Mao Se Tung”. Even the manufacturing Czar was quoted in a speech as saying that the free market system is nonsense. He kind of agreed with Mao that political power comes largely from the barrel of a gun. We Americans should be alarmed when the people that are supposed to promote our economic system express admiration for a mass murdering dictator and his economic beliefs.
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