Obamas Executive Pay Caps

[TyloniusFunk]

You don't understand how the constitution is intended to work and you aren't making a counter argument. You are simply restating an unsupported claim and saying it's "obvious". Obviously not.

"Regulate the value thereof" is not weakened by it's context and could arguabely be used to nationalize every buisness in the country. Take a look at this and learn that the first bank was established by Congress under section 8.

 

[TheWesDude]

logistic, you fail horribly.

the constitution says that congress shall regulate the Federal Mint.

yet, the Federal Mint is controlled by the Federal Reserve which is a conglomeration of bank chairs, not congress. all congress does is control the head of the Reserve which sets intrest rates.

congress requests the Federal Reserve to direct the Federal Mint to print X amount of money each year, and then Congress pays the intrest on that money.

 

[Ah-Teen]

Maybe, instead of making vague assertions of constitutionality, you should offer an objective and rational reason why any human is worth more than $500k a year.

I don't have to justify why anyone is worth $500k a year. I'm not going to determine the worth of humans or thier work in some company I don't own. It's not my place because it's not my company. If they want to blow a lot of money on executive pay, so be it. Obviously it doesn't garuntee them good buisness decisions, and if they go under, they should be allowed to fail. The government had no authority to prop them up or nationalize them, we have no authority to set pay limits for private interests, and the President CERTAINLY doesn't have any authority to just wave his hand and dictate wages and salaries.

I'm not the one making "vauge assertions about constitutionality", here. Claiming that the power to "coin money and regulate it's value" gives them the power to do all this is a HUGE leap of logic. Especially, when you read the whole passage:

To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

To provide for the punishment of counterfeiting the securities and current coin of the United States;

It becomes very clear that it's about simply providing a standardized currency for the country. Not meddling in the finance industry.

We've been stepping all over the Constitution for decades now, and things have been getting progressively worse. Think about it, maybe, just maybe what the government is doing is defying the Constitution, and what they're doing is illegal.

So breaking up monopolies that destroy the free market and ruin the lives of those under them is a bad thing? Capitalism was new back when it was written and they didn't foresee such problems. Besdies the execuitive caps only apply to those receiving government money as far as I understand it.