[clue-talk] oil...

[Jed S. Baer]

On Fri, 31 Oct 2008 17:13:11 -0600
Nate Duehr wrote:

[big snip]

> Oh and he makes too damn much money, someone should limit his profits!

Bravo!

Hey, I have a question for the people who think that company X makes too
much, or person Y (CEO, CFO, President, Chairman, whatever) makes too
much.

How, exactly do you propose to determine how much is "right"?

While you're at it, figure out how much movie actors, and professional
athletes should get paid as well.

Then, figure out how much to pay plumbers, bakers, Java developers, etc.
Because once you decide that the government is empowered to set
compensation, you might as well swallow the whole pill. Hey, let's put
this to a little mini-vote right here. How many of you would want the
government stepping in and telling your employer that they can't pay you
what you're currently making, because it isn't "fair"?

Or would you feel that such would be a gross infringement of your right
to negotiate a contract for your labor?

Or, you could go read "Basic Economics" by Thomas Sowell, and pay
particular attention to the role of price in a market economy.

jed