Friday, September 19, 2008

$17,000 an Hour

From Nicholas Kristof
"A study released a few weeks ago by the Institute for Policy Studies in Washington found five major elements in the tax code that encourage overpaying executives. These cost taxpayers more than $20 billion a year. That’s enough money to deworm every child in the world, cut maternal mortality around the globe by two-thirds and also provide iodized salt to prevent tens of millions of children from suffering mild retardation or worse. Alternatively, it could pay for health care for most uninsured children in America."

Of course we could. We choose not to. BTW, the market is up above where it was Monday. Those of us worried about our 401k's are ok as long as we're not retiring tomorrow; the CEO's will be just fine, thanks. They may be a little less rich today. Boo hoo.

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