Richistan doesn't get it

The world has changed.

The good burghers of Richistan don't understand that.

The key to understanding is stolen money, a/k/a executive compensation.

If institutions receiving, say, $125-billion in federal assistance, pay out, say $109-billion in executive compensation, the recipients will be regarded by the taxpaying public and treated by the criminal justice system, as common criminals.

This is not a public relations problem, it is a paradym shift. And people who miss paradigm shifts get squished.

Maybe this isn't fair. Sure, there are contractual rights, and compensation in private organizations isn't a public concern. But once public money has been taken, game, set and match, Waxman.