France defies basic economics: Severely caps top pay of executives

Discussion in 'Europe' started by TheGreatGatsby, May 30, 2012.

  1. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    France to cap top pay in state groups - FT.com
     
  2. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    How many European countries cap top pay?
     
  3. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    I don't know. That's a good question. Look at the state of Europe's economy though.
     
  4. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Same problem as ours: terrified of Greece, Spain, etc, defaulting because of their investments in our commercial and private security mortgage bundling, along with their citizens greed, similar to ours, individually and corporately and nationally, in not managing finances wisely.
     
  5. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    I think all of that stuff is the pin that popped the balloon. But nations stopped adhering to free market principles long ago and that's how the balloon filled in the first place.
     
  6. TakeAStepBack
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    TakeAStepBack Gold Member

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    Fiat currency is how the balloon filled. But I have to say, this is hilarious. France will have a lot of public sector award winning CEOs and such once that cap is in effect. :lmao:

    Might as well just chop off one of their hands and legs and send them wrestling. :lol:
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    I sorta remember that most of Europe's CEOs self cap their salaries at around 5 million a year..

    But that was a while ago.
     
  8. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    If we adhered to your free market principles in the last eleven years, what would have happened with the mortgage security market and to Americans generally, TGG?
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    :eusa_eh: The mortgage market in the U.S. is anything but free market. Not even close.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Don't you worry none..the profiteers found a way around that..

    Predatory lending - Wikipedia, the free encyclopedia
     

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