Comments on: Revisiting talent in the public and private sectors http://rianjs.net/2009/03/revisiting-talent-in-the-public-and-private-sectors Sat, 24 Jul 2010 07:00:01 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Rian http://rianjs.net/2009/03/revisiting-talent-in-the-public-and-private-sectors/comment-page-1#comment-8819 Rian Sat, 28 Mar 2009 04:14:42 +0000 http://rianjs.net/?p=887#comment-8819 Define "excess". And you're not allowed to mention AIG, or use populist arguments. And then tell me who it applies to, and what specific industries it applies to. (Insurance? Commercial banking? Investment banking? Derivatives only?) And then make an argument about why it should only apply to the financial sector as opposed to, say, the software business. And then tell me how you're going to avoid the slippery slope problem where one tax spills over into other taxes. And then tell me how much you're going to pay regulators bearing in mind that the president only makes $400K a year, and the chairman of the Fed only makes $192K/year. And then tell me how you plan to alter the federal payscales to account for your newfound pay structure for your new, whip-smart government regulators, bearing in mind that it's not uncommon for private sector economists to make $300K/year. Define "excess". And you're not allowed to mention AIG, or use populist arguments. And then tell me who it applies to, and what specific industries it applies to. (Insurance? Commercial banking? Investment banking? Derivatives only?) And then make an argument about why it should only apply to the financial sector as opposed to, say, the software business.

And then tell me how you're going to avoid the slippery slope problem where one tax spills over into other taxes.

And then tell me how much you're going to pay regulators bearing in mind that the president only makes $400K a year, and the chairman of the Fed only makes $192K/year. And then tell me how you plan to alter the federal payscales to account for your newfound pay structure for your new, whip-smart government regulators, bearing in mind that it's not uncommon for private sector economists to make $300K/year.

]]> By: Jim http://rianjs.net/2009/03/revisiting-talent-in-the-public-and-private-sectors/comment-page-1#comment-8818 Jim Sat, 28 Mar 2009 04:08:57 +0000 http://rianjs.net/?p=887#comment-8818 Solution? Put a tax on finance sector excess compensation, and put some of that money into a dedicated fund to hire regulators. Solution? Put a tax on finance sector excess compensation, and put some of that money into a dedicated fund to hire regulators.

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