3 ms·
Yes, $13M is a whole lot more than $60k, but it's also a whole lot less than $8B. One thing that CEOs have in common with most workers, but not most multi-billi
by whack 9y ago
Yes, $13M is a whole lot more than $60k, but it's also a whole lot less than $8B. One thing that CEOs have in common with most workers, but not most multi-billionaires: The majority of their "income" is taxed as income, not capital-gains. I suggest focusing more on the second part of that paragraph:
This focus on CEOs as the bogeyman, causes us to overlook some more important causes of inequality, such as the ultra-low tax rates on capital-gains, the numerous deductions available to the 0.1%, and the preservation of wealth across multiple generations via estate inheritances.