I’ve been observing the ongoing debate about high pay for corporate executives that was kicked off by the furor over bonuses at AIG. Many ordinary people are still mad enough to get out their pitchforks, and join protest tours of wealthy Connecticut neighborhoods organized by well-funded left-wing hate groups.
But most thinking people have understood that giving the government carte blanche to rewrite private contracts retroactively is a very, very bad thing for us all...
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