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How about capping CEO pay as a multiplier like 160 * average employee salary..anything above that is 100% taxed--- THEN encourage them to move more employees up
by gremlinsinc 9y ago
How about capping CEO pay as a multiplier like 160 * average employee salary..anything above that is 100% taxed--- THEN encourage them to move more employees up the change to CEO's etc by splitting off sections of companies into at least smaller subsidiaries... or at any rate this would combat income inequality some... Not sure how much it'll affect giant corps and what not though... I'm not a corporate finance / business hierarchy expert by any means...
- maxxxxx 9y agoI am pretty sure a trend towards smaller companies would reduce income inequality.
- nopatternhere 9y agoThat discourages hiring poor workers. "Everyone under $100K per year (which makes CEO pay $16 Million) is now officially an employee of {INSERT OUTSOURCED COMPANY HERE}". Heck, just make them contractors. I like all these ideas in principle, because I think the morality behind them is on track, however these ideas almost always rely on the the very antithesis of what they purport, e.g. that greedy CEOs would play by a different set of rules if we just made them. I am not saying this is easy, or that the sentiment is wrong, just that this oft quoted remedy is deeply flawed, and likely to be bad in infinitely many ways that are not well thought through.