Another day, another pinko leftist newspaper railing about income inequality and how it demolishes the Social Security fund:
Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data — without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.
. . . The growing portion of pay that exceeds the maximum amount subject to payroll taxes has contributed to the weakening of the Social Security trust fund. In May, the government said the Social Security fund would be exhausted in 2037, four years earlier than was predicted in 2008.
I was going to go into a whole Colbertian ramble on the left-wing moonbats at the Wall Street Journal, but frankly it’s just a good article about the ramifications of executive pay scales. Give it a read.
