Cory Doctorow has a wonderful diatribe over at boingboing about the executives' pay cap.
The lead story in today's New York Times Styles section is all about the tremendous difficulties that executives at bankrupt companies receiving public bailouts will face if their salaries are capped at only $500,000. For example, many of these people might have to give up necessities like armed chauffeurs, twice-annual $16,000 vacations, and $4,000,000 summer homes. It's really heartbreaking.
[Source: Bankers can't possibly afford NYC on a mere $500K/year - Boing Boing ]
The article in the New York Times, You Try to Live on 500K in This Town, to which he refers, is worth the read! What is of interest to me is what people living this lifestyle in this place consider necessary to their lifestyle--even after taking out all of the cheap shots. How have we allowed our society to devolve to this point while, at the same time, calling this process success, progress, achievement, the American Way?
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