Economists use indicators to measure the otherwise unmeasurable. Increased sales of durable goods indicate long-term economic strength. Increased first-time unemployment applications lead to reduced demand for consumer goods. Increased stock sales by its officers tell us that Corporation X may be headed from an Enron-like implosion.
Liberal economists are concerned nowadays in determining which Americans are grossly overpaid. If the grossly overpaid are taxed at a higher rate than us common folk, the deficit will be reduced painlessly.
I contend that a strong indicator of excessive compensation is involvement with a Kardashian sister. Two of the Kardashian girls are currently married or engaged to professional basketball players. Reportedly, Khloe got a $2 million engagement ring from a reserve forward for the New Jersey Nets. Imagine what she could have received from a starter for the Lakers or Knicks.
Are pro basketball players overpaid? Total player compensation from the NBA is approximately $2.1 billion this year. There are 12 players on each of the league's thirty-two teams so average pay is about $5 million per hoopster. That should be plenty to keep those lads in sneakers and baggy shorts with enough left over to court "celeb-utants" like the Kardashians. Note that only eight of the twelve on an NBA roster typically see significant game action. Four guys collect $5 million per year to sit on the bench and cheer on their teammates. How can I get a job like that?
If the Kardashian girls start dating plumbers, it is time to look at their tax rates. Who would have thought that the social preferences of shallow Reality TV stars could be the indicator lighting the path to a balanced Federal budget?
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