tom moody
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The AFL-CIO says that "not one dime" of Congress's $15 billion airline bailout will go to laid-off workers. The executives, of course, will be able to continue to live in the lifestyle to which they've grown accustomed. Here's a modest, utopian proposal, which would benefit taxpayers and restore a measure of economic sanity to the country. Henceforth, all private companies that receive federal money (not just airlines) will have an "executive de-incentive" mechanism in place. For every worker laid off, a $1000 benefit to that worker will be deducted directly from the CEO's annual income (including stock options, dividends, salary, and benefits). So if a CEO lays off 10,000 workers, that CEO makes $2 million that year instead of $3 million. This will be a hardship for management, of course: the president of the company may not be able to build that swimming pool this year and his kid may have to go to Thomas Edison High instead of Choate. To which most of us would say, boo-hoo. And bear in mind, this isn't socialism--it wouldn't be mandatory for all companies, only those who expect to be supported by taxpayers...Hold on, someone's at the door... It's Ashcroft's goons! Holy smoke, they're taking me away!!!