Executives Must Be Curbed

Among the most fervent  beliefs held by members of the Republican party is their conviction that those who run companies must always be paid high salaries because if not they would have hurt feelings and flee to another company. If Democrats propose raising salaries of workers from $7,25 an hour to $9 an hour Republicans warn that prices would rise. Of course, there is another possibility, lower salaries of those on top of the wage scale. Naturally, that would be socialism.

However, in the conservative nation of Switzerland those who have shares of stock in companies pushed through a law that curbs executive salaries on ground that as they go up in wages, stock holders receive lower dividends. Germany is now proposing a similar law. And, it comes from conservative Chancellor Angela Merkel!!