The Government Money Disease Spreads

You've no doubt heard about Wells Fargo catching much flak for planning an expensive "junket" for top earners of the company, after they accepted tax-payer money as a bailout. Originally they defended it as a standard practice to reward their top earners. After much negative news coverage, they decided to cancel the trip, and likely the practice.

Initially, I was happy they canceled the expensive and apparently extraneous trip after claiming poverty, but after I thought about it a bit, I realized that this is just spreading the government mentality to the private sector.

There is a serious difference between workers who decide to work in government, and workers who decide to work in the private sector. There is more money, more bonuses, more payouts, and more extras in the private sector. The government sector lacks most of those things, but makes up for it in stability, and usually better practical benefits.

This "junket," as it was derogatorily called in the media, was one of those private industry perks disappearing. Do you think the top earners at Wells Fargo are going to stay at Wells Fargo now that they've had their bonuses and perks cut? Why wouldn't they take their considerable skill elsewhere? What incentive would the people at the top have to stay?

Unfortunately, there is no way this will stop at "junkets" or "CEO pay". How long until companies who start accepting government cheese kill everything that makes them different from a government branch?

As these perks evaporate from these companies, the top producers of the companies will have less and less reason to stay, and revenue will fall, necessitating more government money.
Eventually, any company who accepts a government "bailout" will homogenize into the DMV.

Government money is an infection used to spread the government's influence.

The checks must stop.