Our friend Molly Lyons over at FOX News’ Live Desk (@livedesk on Twitter) sent out a note asking the tweeting masses about their thoughts on the Obama Administration’s plan to curb executive pay on Wall Street. Since my less than 140 character response to her was…well…short…here’s more.

This is a dangerous slippery slope. @newmediajim pointed out that salaries for a lot of American workers are declining, and being set by the same executives that are making huge sums of money. There is no doubt about it, but my concern is that although we’re told this proposal will be isolated to one group, the likelihood of that becoming reality is very slim. Just like there is a great concern that the 90% tax on AIG bonuses will not be a one time thing and perhaps be the first domino in a very scary new federal policy to tax people Congress thinks make too much, capping executive pay goes along the same lines.

I think we can all agree that the salaries of some of these executives is out of control. But we can say the same about professional sports athletes, media and movie stars, heck even some Members of Congress (but not all!) So would it be fair and justified for Congress to say “You know, we think LeBron James makes too much, cap his salary.” No. But if they get away with it once, what’s to stop them from doing it again and again?