Dodd and Frank send the SEC to snoop on what people are paid

The Securities and Exchange Commission plans to start enforcing a rule buried in the Dodd-Frank Act that requires publicly traded companies to disclose the “pay gap” between CEOs and rank and file.

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Now the two biggest things wrong with Dodd-Frank are Dodd and Frank, because both of them (thankfully now out of office, although their wretched legacy remains) are outwardly hostile toward business and the capitalist system. And thanks to them, the SEC will now be snooping and meddling into the pay of CEOs. Let me explain something: A covenant that is publicly held belongs to the stockholders. This is nothing more than an attempt by Big Brother to meddle in the private sector as a step toward completely taking over our capitalistic system. They will claim it’s only about “disclosure,” but once the information is disclosed, you will see CEOs hauled before congressional committees and raked over the coals by Democrats who accuse them being unfair, screwing the workers and whatever else. Soon there will be calls for legislation limiting what private entities can pay their executives. This call for “disclosure” is just the camel getting its nose under the tent. The government is trying to micromanage one more aspect of our lives. Haven’t they messed up enough?

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