Should salaries be capped?

[vern_humphrey]

Unfortunately such laws often had unintended effects. Sarbanes-Oxley has cost American billions of dollars to comply with and has done little to limit the abuses it was intended to stop.

Another example is the alternative minimum tax. Originally passed in 1969 to target 160 or so millionaires who didn’t pay tax in the now grown to the extent that that it effects tens of millions of middle-class taxpayers.

Then there was the famous luxury tax on yachts which collected almost no new money but put thousands of people out of work in northeastern shipyards.

Hopefully at some point those you push excessive regulation will realize that have employees you have to have employers

It might not be bad if the Church applied the same logic to economic meddling as it does to the death penalty – it can morally be done only if absolutely necessary, and in modern times it shouldn’t be necessary.

 

[stinkcat_14]

Are you being paranoid? I’m not commenting on you. I am Commenting on those, and they are legion, who think the government should regulate business more.

I am paranoid myself. When I go to a football game and the teams go into a huddle I am sure they are talking about me

I wouldn’t be paranoid if everyone wasn’t out to get me .

 

[vern_humphrey]

I wouldn’t be paranoid if everyone wasn’t out to get me .

Keep zig-zaging so they can’t draw a bead on you.

My philosophy is it is better to induce paranoia in others than to suffer from it yourself.

 

[LCMS_No_More]

So the the morality of compensation is relevant to the topic at hand.

I think the Catechism says something like that…something to the effect that the Church “refused to accept, in the practice of ‘capitalism,’ individualism and the absolute primacy of the law of the marketplace over human labor.” The Catechism also goes on to say that “regulating [the economy] solely by the law of the marketplace fails social justice, for “there are many human needs which cannot be satisfied by the market.” Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.”

(CCC §2425)

Oh, wait. That must be one of those “prudential” things we can ignore if it disagrees with our secular political ideologies.

The Cafeteria’s right-hand door is still open, folks!

 

[vern_humphrey]

I think the Catechism says something like that…something to the effect that the Church “refused to accept, in the practice of ‘capitalism,’ individualism and the absolute primacy of the law of the marketplace over human labor.” The Catechism also goes on to say that “regulating [the economy] solely by the law of the marketplace fails social justice, for “there are many human needs which cannot be satisfied by the market.” Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.”

(CCC §2425)

Oh, wait. That must be one of those “prudential” things we can ignore if it disagrees with our secular political ideologies.

The Cafeteria’s right-hand door is still open, folks!

And which paragraph of the Catechism says salaries of CEOs must be capped?

 

[consumedconvert]

I think the Catechism says something like that…something to the effect that the Church “refused to accept, in the practice of ‘capitalism,’ individualism and the absolute primacy of the law of the marketplace over human labor.” The Catechism also goes on to say that “regulating [the economy] solely by the law of the marketplace fails social justice, for “there are many human needs which cannot be satisfied by the market.” Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.”

(CCC §2425)

Oh, wait. That must be one of those “prudential” things we can ignore if it disagrees with our secular political ideologies.

The Cafeteria’s right-hand door is still open, folks!

 

[LCMS_No_More]

And which paragraph of the Catechism says salaries of CEOs must be capped?

Did I say that they should?

 

[consumedconvert]

And which paragraph of the Catechism says salaries of CEOs must be capped?

Not one paragraph, sir.

Now which paragraph mentions leaving the economy alone and letting the economy regulate itself, and renouncing any form of regulation, including minimum wage controls? Are there any paragraphs that would discourage laissez-faire capitalism?

I hope we don’t look at the teachings of the Magisterium as relayed in the CCC as “interference” in the economy.

 

[mapleoak]

Did I say that they should?

Cafeteria refers to pick and choose Catholism, and with reference to the stance that disagreeing with salary capping is rejecting Church teaching while specifically outlining the Catechism, this would understandably imply that choosing to reject salary caps on CEO’s is to reject Church teaching. If that is the case, it would be nice to know which page this teaching is on in the Catechism, since heaven forbid we should be Cafeteria Catholics.

 

[mapleoak]

Not one paragraph, sir.

Now which paragraph mentions leaving the economy alone and letting the economy regulate itself, and renouncing any form of regulation, including minimum wage controls? Are there any paragraphs that would discourage laissez-faire capitalism?

I hope we don’t look at the teachings of the Magisterium as relayed in the CCC as “interference” in the economy.

Kind of hard for someone to say it is immoral to not have salary caps, isn’t it?

 

[consumedconvert]

Kind of hard for someone to say it is immoral to not have salary caps, isn’t it?

I am not referring to salary caps; I am referring to the rejection of all wage control by laissez-faire economists.

Salary caps, as far as I know, have never been endorsed by a Pope or Bishop.

 

[mapleoak]

I am not referring to salary caps; I am referring to the rejection of all wage control by laissez-faire economists.

So then you are saying having a free market is immoral?

 

[consumedconvert]

So then you are saying having a free market is immoral?

I would argue that having a completely unregulated free market is immoral. Also known as laissez-faire.

 

[goofyjim]

I would argue that having a completely unregulated free market is immoral. Also known as laissez-faire.

And I think the late great John Paul said the same thing often. My dad, who was as conservative and patriotic as they came, used to believe that.

 

[vern_humphrey]

Did I say that they should?

Then why did you bring it up?

 

[vern_humphrey]

Not one paragraph, sir.

Now which paragraph mentions leaving the economy alone and letting the economy regulate itself, and renouncing any form of regulation, including minimum wage controls? Are there any paragraphs that would discourage laissez-faire capitalism?

And what relevance is that to this discussion?

I hope we don’t look at the teachings of the Magisterium as relayed in the CCC as “interference” in the economy.

You may, I don’t.

At the same time, I point out that the Church does not mandate any particular regulation – the Church is product-oriented, not process-oriented. The latter is a serious flaw when discussing social policy.

 

[BamaRider]

:banghead:

 

[vern_humphrey]

:banghead:

Here we see the politics of envy at work – those who will not do the work to gain wealth are consumed with envy of those hard-working people who have earned more than they have, and demand their wealth be taken from them.

I think it’s a problem of inadequate catechesis – they have never learned that envy is one of the Deadly Sins.

 

[consumedconvert]

Here we see the politics of envy at work – those who will not do the work to gain wealth are consumed with envy of those hard-working people who have earned more than they have, and demand their wealth be taken from them.

I think it’s a problem of inadequate catechesis – they have never learned that envy is one of the Deadly Sins.

This is getting to be quite an old Canard.

How many times have i said I like my job, and I get paid well enough?

I’m officially labeling this one a Red Herring.

 

[steveandersen]

Here we see the politics of envy at work – those who will not do the work to gain wealth are consumed with envy of those hard-working people who have earned more than they have, and demand their wealth be taken from them.

1937 These differences belong to God’s plan, who wills that each receive what he needs from others, and that those endowed with particular “talents” share the benefits with those who need them. These differences encourage and often oblige persons to practice generosity, kindness, and sharing of goods; they foster the mutual enrichment of cultures:

I distribute the virtues quite diversely; I do not give all of them to each person, but some to one, some to others. . . . I shall give principally charity to one; justice to another; humility to this one, a living faith to that one. . . . And so I have given many gifts and graces, both spiritual and temporal, with such diversity that I have not given everything to one single person, so that you may be constrained to practice charity towards one another. . . . I have willed that one should need another and that all should be my ministers in distributing the graces and gifts they have received from me.43

1938 There exist also sinful inequalities that affect millions of men and women. These are in open contradiction of the Gospel:

Their equal dignity as persons demands that we strive for fairer and more humane conditions. **Excessive economic and social disparity between individuals and peoples of the one human race is a source of scandal and militates against social justice, equity, human dignity, as well as social and international peace.**44 *

I think it’s a problem of inadequate catechesis – they have never learned that envy is one of the Deadly Sins.

so is Greed