Looking at CEO pay as the primary reason for inadequate living standards is an egregious mistake and a big pet peeve of mine. CEO's and companies _create_ weal

Looking at CEO pay as the primary reason for inadequate living standards is an egregious mistake and a big pet peeve of mine. CEO's and companies _create_ wealth. It can be true that by taxing and redistributing you can increase living standards of poor people but it is not at all the case that they are the primary reason other people don't have money. There are two forces that are somewhat equally important: creating wealth that never existed before and distributing it if necessary to maintain some equitability. The redistribution part is only possible because the wealth was created to be redistributed later. Creating wealth (which is done by companies and CEO's are a big part of it) is strictly a positive increase - creating wealth doesn't mean you take it from others which is a very common misconception I keep noticing in many places. CEO's paid a lot of money is not money that is taken away from others - it is new money that didn't exist. Now to be fair this article doesn't say it out loud but I think the vibes are there and many people do believe this.