Any company, corporation, firm, association, university, charity or other business entity using Federal money in the form of subsidies, tax breaks, loans, grants or other relief shall ensure that NONE of their employee's including subsidiary employees shall earn, in total compensation, more than the President of the United States minus 10%. This includes executives, board members and officers of the company.
Premise:
If any business entity were in genuine need of financial relief then austerity should begin, where it should, at the top. ALL tax payers have a genuine say in how their tax dollars are spent therefore we have decided that the highest salary goes to the commander-in-chief. Based on that then the scale for pay has already been established. These are the terms under which business is eligible for financial relief. If those terms are unacceptable then don't take the financial relief. You are free to pursue other options in the private sector.
How can any executive show up with hat in hand asking for relief and yet refuses to start with his own salary?
This should put an end to corporate socialism or finally and fully exercise the rights of the guarantor, tax payers, on the business requiring relief.
Arguments:
Business' will lose "top flight" management.
Really is this the same management that got the business to the point where it needed relief.
This is Socialism.
Yes it is, it's corporate socialism. The second a business entity uses one dollar of Federal money then ALL tax payers have an equal say in how that dollar is spent. If you don't want to play by those rules then don't take the dollar. Simple enough. You can rely on private measures based on capitalism.
Business will stop investment.
Some will. Others will overtake them. It's a free market ideal and principle.