Sunday, August 8, 2010

Salary Caps and Risk

I have recently commented on the insanity of salary caps.

If the idea of salary caps were to reduce corporate risk, there would be some justification. But that state capitalist 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 the government edict variety.

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. They overlook the dictatorial means bureaucrat are using to achieve their aims

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