Charlie Foxtrot echos Spencerblog on the limiting of executive pay.
"If this is the road that Obama wants to go down, the real question needs to be...how far is he prepared to go??
"Will he be prepared to call for a limit on the salaries of professional athletes? Much of their exorbitant paychecks are due to ticket sales. Tickets to seats in many stadiums around the country that are subsidized by taxpayer funding. If they had to play in stadiums actually affordable to their team's owner's wallets, there would be no glut of money to pay them millions. New, shiny, tax-payer funded stadia/arena permit the owners to shower manna upon these athletes. And by definition, most of these players are failures, but still accept millions without shame. Thus I would expect Obama to call on the NFL, NBA and MLB to cap their salaries...or else they could feel some pain...Janet Reno style!"
Fair question.
won't happen, unless your'e talking the NHL - most unstable of the four.
ReplyDeleteMLBPA is too strong - that's why 1) They allowed steroids while the federal government didn't, and
2) there's no salary cap in baseball.
I don't see it happening, and I don't know if there's that much of a backlash in the public unless it comes down to issues like Manny Ramirez rejecting a 1yr $25 Mil offer from the Dodgers.
It's insane what athletes make (Even your scrubs) but it's how society is and has been for what, 30-40 years now?
Of course, it won't happen... And the most talented executives in America aren't going to sit still for having the government set their salaries.
ReplyDeletethey will if they're begging to be bailed out. If not, the board will happily relieve them
ReplyDelete