First they came for the CEOs

Via Glenn Reynolds, an explanation of CEO pay and questions on why we aren't so concerned about the pay of others.

But the interesting part to me is how this is used as an election year tactic of generating class envy. And at the end of the day it will all be pretty pointless. What are people expecting? Will a government limit on CEO pay suddenly see a redistribution of that income to lower-level employees or, through some convoluted logic, into the pockets of people who have nothing to do with that company at all?

Short answer: No. But creating a common enemy among the voters and disenfranchised sure does sell well, doesn't it?