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	<passage mp3="AUDIO_REPOS/2746.mp3" title="Salary Caps"><![CDATA[<div id="passage"><p><strong>Todd: </strong> So Greg in the last one we were
  talking about minimum wage, and this is one
  of the topics in your book and it's about
  income disparity. One of the chapters is
  about income disparity. Now the opposite
  would be should there the a salary cap,
  which would mean that basically you could
  only earn so much, like let's say you can only
  earn five million dollars, ten million dollars.
  Nobody could earn more than that. What do
you think about that concept?</p>
<p><strong>Greg:</strong> I personally agree with a salary cap. I'm not sure how much
  it should be, but definitely the discrepancy in wages is way to
  great. There's too many people who have to ... a husband and a
  wife work hard forty hours or more, both of them. They're barely,
  barely getting by, and then you got all these other people who
  are just buying Rolls-Royce cars and Mercedes, and country
clubs and it's just not fair.</p>
<p><strong>Todd: </strong> But, well, for one, though I mean, Mercedes and Rolls-
  Royce and those are products that provide jobs, so I would argue
  with that. Actually, as you can probably tell, I'm against the idea
  mainly because, you know, I think that hurts innovation. You
  know, you look at people like the CEO of a very powerful internet
  company or software company, and you know, take google for
  example, I'm sure that they make more than ten million, but
  they're service is used so much around the world, that they
  should get that money, and if people couldn't ... hang on ... if
  people couldn't get ... couldn't earn that salary then maybe they
  wouldn't have the same motivation and drive to be successful and
that people would lose out as a result.</p>
<p><strong>Greg:</strong> I think that there's not proof to say that these people are
  making these products because they're making such tremendous
  amounts of money. What came first: the product and then they
  got the money in most cases. There's ... these people could be ...
  society can have all sorts of wonderful products and still have a
  fair income system, and I have nothing against people
  becoming rich or making a good salary, a very good salary, but
  not such an incredible gap. You have executives of some major
  international corporations that are making more money than
  millions of people in the world make combined. The opposite side
  of not having a cap is that you have people who are making too
little, and those people are also working hard. Those people deserve validation. Those people deserve a good life standard
which millions of people across the world are not having.</p>
<p><strong>Todd: </strong> Well, I think ... well, I agree with you about that. I agree
  with you about that. That there's people who work hard and that
  they're under compensated, but ... and they're a lot of people that
  get grossly overpaid but I think that's just a problem of
  management and that in some cases so people do deserve
  millions and millions, perhaps billions of dollars is they have really
  contributed to the product or the outcome. So, basically we're
gonna disagree on this one.</p>
<p><strong>Greg:</strong> Yeah.</p></div>]]>
	
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