The whole idea behind capping top executive salaries is envy, which left-leaning politicians use as a political ploy. After all, ball clubs get taxpayer subsidies, on which I often comment. No politician dares to cap ball players’ salaries at $500,000 a year instead of the $20 million or so some make while performing at a kid’s game.
If the idea of salary cap were to reduce corporate risk, there would be some justification. But that procedure does not limit risk. There are ways of attempting to reduce risk in the way salary incentives are given, or operations are hedged, but not with the arbitrary off-the-top cap by government edict. That appears to be too much of a threat to the U.S. Constitution, and contractual rights.
Another sign of creeping state control that too few have noticed.
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