The Symbolism of Executive Salaries
“Eliminating waste” is a favourite target of politicians who need money for projects, but who don’t want to tell citizens how they plan to pay for those projects. Build an $8 billion subway with no new taxes? “Get rid of administrative waste,” says Rob Ford. Cut taxes, reduce the deficit, and protect military spending, social security, and medicare, at the same time? “Attack waste and administrative costs”, say House Republicans. Bien pensants tend to decry this kind of talk as buffoonish