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Politics : View from the Center and Left

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To: TimF who wrote (92590)	10/30/2008 9:29:41 PM
From: Mary Cluney	Read Replies (1) of 541756

<<<Let the market decide. Let the enlightened interest of investors set salaries. If you want a say, buy stock.>>> I think that is pure bs. Take baseball as an example. They let the market dictate what each ballplayer is worth or how much a manager should be paid. What happens? The ball players and managers are overpaid. Thye have to raise ticket prices to meet payroll. Nowadays, it will cost a family of four, several hundred dollars to see a baseball game. Could there be a better system? Put a cap on payroll. Where are these players going to go to make the kind of money? Same goes for managers? Is ARod or Manny Ramirez worth more than $20 m a year. Is Joe Torre worth $8m to manage? If you put a cap on the system - arbitraily set team payroll at $50M a year, would the quality of baseball suffer. I don't think so.

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