4 ms·
But they absolutely took it from me when they are being paid by a publicly traded company. I am more convinced every day that the marginal income tax above a c
by newjersey 10y ago
But they absolutely took it from me when they are being paid by a publicly traded company.
I am more convinced every day that the marginal income tax above a certain limit (my proposal is 100 * 2000 * minimum wage per hour, I'm willing to go lower to build consensus) above which the income shall be taxed at 90% of the additional income. It is the right thing to do. I want companies to go to the executives and say "look, it costs us too much to give you any more money. Please try to cooperate."
It is the right thing to do.
- refurb 10y agoIt only your money if you own stock in that company. If you do own stock, then get enough shareholders together to vote on executive compensation. That's the proper mechanism. If you can't get enough shareholders to change things, then I guess it's not that big of a problem to most. The other option is just don't own stock. That's your choice.
- newjersey 10y agoI don't know how a small investor or an individual with a retirement plan can do that. Corporations accepted the controls when they decided to play in the big kids pool. I understand not every decision can be made in a centralized manner but I think a progressive personal income tax is the right thing to do.