CEO pay outpaced average worker pay by 344 times. In effect, the gap between worker and executive pay has multiplied an amazing tenfold since the early 1980s.Now our crazy socialist government wants to actually regulate executive pay. Well, actually, they only want to regulate executive pay that is paid directly with our tax dollars. The other executive pay, which is paid indirectly through our tax dollars with tax breaks for the rich as well as other mechanisms for siphoning wealth from the vast majority to a seriously rich minority, will remain unregulated. So most of us won't really mind that there is finally some regulation. But will the angry white men (and at least a few women) be able to rouse a few angry white folks to stage yet another tea party? You're darn-tootin' they will. Because if there is one thing the last thirty years of large scale transfer of wealth to the wealthiest and complete deregulation of banking and industry have shown us, it is that is a substantial number of Americans are true believers in the religion of "free markets" and "deregulation." Unless they've lost their faith? Unless they've finally woken up and smelled the chai latte, which they can no longer afford to buy. After all, a tea party can support taxation without representation or it can oppose it. Perhaps this time there will be a tea party for much greater oversight of all executive pay, especially when we consider that executive compensation did not really go down in 2008 because
CEO perks alone grew in 2008 to an average of $336,248—or nine times the median salary of a full-time worker.In other words, those clever fatcats actually gave themselves raises while the rest of us couldn't afford a cup of tea. I say start boiling water till the government insists on regulation of all CEO salaries and a truly revolutionary tea party begins.