2 ms·
Nobody is talking about the leader of some charity in the middle of Kansas when saying CEO pay (even though they are technically a CEO). You also ignore the mai
by cycomanic 1y ago
Nobody is talking about the leader of some charity in the middle of Kansas when saying CEO pay (even though they are technically a CEO). You also ignore the main part of my comment that the majority (~70%) of CEO compensation is stock so not included in wage comparisons.
I'm also not sure in what world you live, but the effective tax rates for most of the wealthiest are effectively 0 [1] , compare that to the tax rate of an average wage earner.
The final point is that ratio of CEO pay to average salary pay has skyrocketed [2] . How do you explain that away?
[1] https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax https://www.propublica.org/article/the-secret-irs-files-trov...
[2] https://www.epi.org/publication/ceo-pay-in-2023/ https://www.epi.org/publication/ceo-pay-in-2023/
- SideQuark 1y agoThe first article ludicrously confuses income (taxable) with wealth (not taxable) and unrealized gains (not taxable). It mixes cherry picking with proper data. I already pointed out the answer to your "how do you explain..." question above. If you want to argue about taxes take the time to understand them.