Message Font: Serif | Sans-Serif
No. of Recommendations: 0
We read and hear all the time about business executives and athletes with salaries well into the millions. That's ridiculous, especially when so many of them don't really earn the money. So to fix this, in the future I would make it illegal for anybody to be paid a base salary or signing bonus greater than the salary of the President of the United States, whatever that may be at the time. If you want more than that, it must be in the form of performance bonuses. Don't perform well enough, get a smaller or no bonus. Other than that, you could only get more by winning it in a sport or game or risking your money in an investment. Existing contracts would be grandfathered in, but would be taxed on the overage at 75%. As for the Prez, if HE didn't do a good job but didn't do anything impeachable, I would give the voters the option to vote a penalty tax on his salary. Put it on the ballot every November as a referendum, if it gets a 2/3 vote against him, he pays.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.