Dave, Quin: A $400 million retirement packages is “obscene” and “wrong” and “greedy?” Nonsense.
There is no moral content to an individual’s income or networth. All you can do with money is spend it, lend it, or invest it. We do not live in a zero-sum economy, where accumulation of wealth amounts to deprivation of others.
As Milton Friedman has argued, the social responsibility of a corporation — that is, its moral obligation — is to provide the best possible return for its stockholders. If you think a company is spending more on its executives than their services are worth, don’t buy stock in that company. It’s as simple as that. As to the argument that corporations have an obligation to limit executive compensation because it “gives the libs a perfect target to get government involved in all kinds of mischief”: Isn’t that like saying that permitting religious pluralism incites Islamist rage? I’m not equating economic leftism to terrorism, but you’d better think hard before accepting a line of logic that you’d surely reject in a different context.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?
H/T to National Review Online