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Thursday, March 26, 2009
While a great deal of public anger is focused at corporate executives these days, Johnny Depp and the Boys of Summer don’t fare much better. Thirty percent (30%) of Americans believe the government should make it illegal to pay movie stars and athletes more than $1 million per year.
A new Rasmussen Reports national telephone survey found that 59% oppose government pay limits for film stars and jocks. There is a more support—but not much more--for capping the pay of corporate executives. Thirty-six percent (36%) say the federal government should make it illegal to pay any executive more than $1 million a year. The majority (54%), however, disagree.
Professional golfer Tiger Woods is the highest–paid athlete in America for the fifth year in a row, earning $128 million in 2007, according to Sports Illustrated. Harrison Ford, Mel Gibson, Tom Hanks, Bruce Willis, Eddie Murphy, Tom Cruise, John Travolta. Nicolas Cage, Julia Roberts and Will Smith are the highest-paid movie stars, earning $20 million or more per film, according to the website Hollywood.com.
John A. Thain, head of Merrill Lynch, was the highest compensated CEO in 2007, earning nearly $84 million, the New York Times reported. Merrill Lynch, facing insolvency following the collapse of the subprime mortgage market, merged with Bank of America last year. (snip)
Originally posted by elston
This is largely related to jealousy.
Originally posted by Merriman Weir
Originally posted by elston
This is largely related to jealousy.
Originally posted by phantom23
Where do you think money that athletes and entertainers bring in shoud go? Straight to the government? Seems tyrannical to say the least.
Who are the real parasites?
Originally posted by nasdack24k
The only effect limiting their pay would have is that the executives in charge of the team franchises and production companies would get the money that currently is being paid to the athletes and actors...
Originally posted by David9176
Eat the rich right? Punish success.
Originally posted by Make Speed Limit 45
Originally posted by David9176
Eat the rich right? Punish success.
Success? They're successful in the same sense a bank robber is successful. They have a lot of money but they didn't earn it. The people who are truly successful and deserve wealth are the producers - Famers, engineers, architects, truckdrivers, factory workers. It's people like that who produce wealth.