Agree on the 80% thing but it's so hard to quantify output that a simple formula probably ends up feeling the most fair to most people. Also, remember what anot

Agree on the 80% thing but it's so hard to quantify output that a simple formula probably ends up feeling the most fair to most people. Also, remember what another person pointed out—it's not really a 20% pay cut because it's your highest-taxed salary that's been cut.