grbn

Cramer's Mad Money - 10 Stocks to Watch (3/23/09)

"Obama also intends to tax hedge fund manager's wages as ordinary income, whereas in the past these funds were transformed into capital gains, which were taxed at a lower rate. Obama's plans transcend hedge funds, and include pay reforms which would level the playing field, and may make the gigantic wages of executives at companies like AIG, Citigroup, Fannie Mae and Freddie Mac a thing of the past. Cramer agrees with these reforms,....."

This removes the incentive to work hard and to be paid based on performance. Like a sales commission, if you're only on salary, why try to excel. I can't believe we've reached the point where we let the Government dictate salary levels. Change is here, BHO socialism. (and Cramer agrees, now that he's been slapped down by CNN, Jon Stewart, and others on the Obama hit squad)