Many in the country, including some conservatives, have advocated reducing or eliminating bonuses at financial firms who have received government assistance. These departures are the logical consequence of imposing government mandated or threatened restrictions on financial firms.
As I have discussed in an earlier column, if you pay people below market wages, they will leave their employer - even in this environment. And the companies will be weaker, hurting all of us as taxpayers who have invested in these firms through TARP and as citizens who need a successful financial sector for the economy to thrive.
Ayn Rand's novel, Atlas Shrugged, depicted a world where the successful went on strike to protest the confiscations and impositions they faced by government policy.
It looks like Atlas is beginning to shrug.
awesome book Adam and even more profound idea ---- will be a very sad state of affairs if those ideas do come to pass as our society and economy will suffer even more
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