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Old 12-14-09, 02:29 PM   #17
Sailor Steve
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Sports figures. They used to be the pawns of the owners. They were lucky if they made enough to live on. Back in 1919 the players of the Chicago White Sox were so badly treated that they took money from gamblers to lose the World Series, which they were guaranteed to win. This is fabulously portrayed in the book and movie Eight Men Out.

Today the owner needs to fill his seats, and winners do that. Is player X worth $20 million per year? Maybe not to you or me, but to the owner he obviously is or he wouldn't get that much.

The same is true of actors and musicians. If I play at a local club and get $50, that's what I'm worth. But if everybody suddenly wants my record and I make $2 million, am I not worth that? Who decides?

A new movie is being made. The producers and director think that Johnny Depp will be perfect for the role, and make them a lot more money. Depp says he wants $15 million just to show up. The powers-that-be say "No! Too much!" Depp agrees to a lesser amount, or they find somebody else. On the other hand they say "Yeah, we need him, and he's worth it!"

Is he worth it? Who decides? The filmmakers, or some lawmaker?

Legally-mandated wage caps sound good on paper, but the only way to enforce them is to pass laws, and that means that you give yourself the power to force others to do what you think is right, and that's tyranny all over again.
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