Americans are sore at the Wall Street high rollers whose recklessness contributed to the economic collapse. So President Barack Obama's move to tame their compensation isn't likely to raise much outcry.

But even if you live far from Manhattan and earn less in a year than these Masters of the Universe do in a day, Obama's appointment of a pay czar to regulate salaries ought to trouble you. The move takes the federal government into an area where it doesn't belong.

A case might be ...

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