Pay czar to cut CEO's Salaries

why does the government lost funds have to be made up, they have plenty of slush funds, proxy agencies ect. to borrow all the money they want (even though their constitution forbids this)! In plain simple words, NY States problems cut far deeper than the pay of the top exuctutives of a few companies!

Because the liberals and communists will not stand by and let that money slip through their greedy little fingers.

I could have came up with a better answer than that. people have been moving out of NY in droves for a few years. the environment up there is inhospitable to the working class! the taxes are killers! This is just my opinion after living there for a few decades! their tax base has been dwindling, their spending just keeps growing, and yes, it is against the constitution for them to borrow money, but well they found ways around that using such agencies as the NY Port Authority. to suggest that them losing the taxes from a decrease in these few ceos will harm them in any significant amount as compared to how much they have harmed themselves through their own policies is just plain laughable! I live in Virginia now, and well, this state has had little rainy day fund that they've been drawing from to help them get through this tough time. All NY had was a bunch of debt already stacked up that they had to pay interest on. debt, dwindling tax base, high taxes, high unemployment, decreasing home values, out of control costs in the welfare, medicaid, medicare, ect....

First of all in this country we tax income and not wealth. Second did the state of New York cut their budget or increase it? They increased it and every tax payer has to pay more. In the end the CEO's lost some but every taxpayer lost too. I gues that is how you spread the wealth. Remember in NY the Governor gave every school age child money to spend on school supplies and he gave the people on welfare $300 when the gas prices jumped. You had to cut back but those on the government dole made money. Who do you think they will vote for the next election?

I know a few CEO who make 6 or 7 figure incomes and receive big bonuses. I would not like their work schedule. A friend who is the head of Operations for a company has employees who are in charge of monitoring the emissions from the plant. At 2 AM when the police get a call about the smell guess who they call? Not the worker but the head of operations. He has an excellent safety record at his plant. The plant 400 miles away has had a rash of accidents. He was called to the home office (800 miles away) for a major meeting and is told that for the next 6 weeks he will be reviewing and implementing a new safety procedures for the poor performing plant. He was successful in improving safety and reducing accidents but he did not get to see his daughters last year in Volleyball or two concerts she was in her senior year. He lived out of a motel room and worked 12 to 16 hours a day (the plant ran two shifts and he had to check on both shifts). You are telling me that the guy who works the 8 hours shift and goes home should get the same pay as my friend? Do you know why these Executives receive such big bonuses? Because many years ago (back in the 1970's) two presidents (Nixon and Carter) tried to control prices and wages. Two things we got as a result of their attempt to control the economy: 1. New Car Rebates - this is because if the car companies reduced the price to sell the car then they could not raise it later. 2. Bonuses in Lu of salary. A person working on commission or piece work could not get an increase in weekly wages but could get a bonus at the end of the year.

Several years ago there was an idea going around to pay for the work based on the value to society. A nurse would be paid more than a Bank Officer because the nurse saved lives. the garbage person would be paid the same as a stock broker. The idea was that some government committee would decide what was a fair wage for each job. Sounds like we are heading for this.

You heard about the big bonuses that were not paid, what you did not hear was that the no bonus also was felt by all the workers. In those companies and many others who did not want the bad press the no bonus meant no bonus for anyone. Even companies that made money and were profitable did not pay bonus. So the secretary and the janitor who worked hard every day did not get the extra money for their families. This meant that the workers in the stores where they would spend the money did not make the sale and lost money or were cut hours. It is called the trickle down effect.

According to the article I read last year the CEO get a 1.5 million dollar bonus. The Federal government takes 38% or $570,000, the state gets 10% or $150,000. He now has $780,000 left of his bonus. Lets assume he spends it all and half of the cost of the goods and services he purchased goes for wages. The government would get (assuming they are in a lower tax bracket) about 24% or $93,600. As a result of that CEO not getting his bonus the state and federal government are out $813,600 or over half of the bonus goes in taxes either directly or indirectly. This example is only taking it down one layer It is often said that if you shop locally the money circulates 6 times. Think of all the people who had less because the CEO's did not get their bonus. What earned the President a few point bump in the polls cost the government at least 54% of the bonuses not paid.

gee, don't know, I've gotten a couple bonuses.....not million dollar bonuses, not even thousand dollar bonuses....but we're still not going out and buying much. and well, might as well forget about us buying a new car, don't matter how good the next bribe the gov't comes up with it....since well, hubby was laid off so I doubt if we could get the loan!!! the fact of the matter is, anyone making millions a year should have managed to find a way to have a nice rainy day fund to help them get through this traumatic time!! unlike the millions of your average working people who've been laid off of late. and one thing is pretty sure, unemployed, and still overtaxed people aren't gonna be buying much of anything!