It has begun, the attack on capitalism. The president is demanding a cap on exec salaries of $500k. I have a question: Will he also demand a cap on sports athletes, how about Hollywood actors making $25mil a movie that isn't worth the $10 the theaters charge?  Maybe there should be a cap on high paid news anchors that no one watches (Katie??).  Let's see whom else?  How about heart surgeons, surely they should only make as much as, let's say, emergency room residents.  Of course the only people immune from a salary cap would be trial lawyers, union bosses and politicians. Democratic politicians get a special dispensation, not only will there salary not be capped, they won't have to pay taxes either, oh wait they aren't already.
 
Logic dictates that if you limit income, you also limit income tax revenue. The little reported fact is that 86% of all tax revenue is paid by the top 25% of all Americans. And the top 1% pay 39% of all income tax revenue. 

I am from the great state of Illinois (continue reading after you stop laughing), where out brilliant, democratically lead legislature has totally miss-managed our revenues.  It is a total shell game. On one hand they have a ton of "sin" taxes to account for revenue but then legislate against the sin.  The best example is a hefty tax on cigarette sales. Conversely, they place a ban on smoking everywhere, encouraging people not to smoke.  It's perfectly ok to want people to stop smoking, but don't base your budget on revenue from that. The fed is now considering a .50 cent gas tax. The liberals found out that when people conserve fuel (as they have been demanding) revenue from fuel sales also decreases. 

Don't forget all of the people who will be out of work when the rich people stop going out and spending money on restaurants and shows. This is already having an affect in ski resort towns as well as shows on Broadway. If you don't have rich people spending money, poor people don't work.   Will there be a bailout for corporate jet manufactures when corporations stop buying private jets?

But go ahead.. cap salaries and really drive this country towards oblivion.  According to the Mayan calendar the world will end in 2012. With the democrats in charge it may happen sooner than that.