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We stopped this in the 1950s with a 90% federal income tax bracket. CEOs could not make more thab the equivalent of 5mil a year in 2026 dollars. No CEO wanted
by roosterIllusi0n 1mo ago
We stopped this in the 1950s with a 90% federal income tax bracket. CEOs could not make more thab the equivalent of 5mil a year in 2026 dollars.
No CEO wanted to merge when it would turn two 5mil a year jobs into one 5mil a year job.
Cutting taxes on the rich enabled profiteering by CEOs.