>But taxing high salaries is "regressive", just as much as taxing corporations, taxing consumers I disagree here. For this to hold, executives would have to s

>But taxing high salaries is "regressive", just as much as taxing corporations, taxing consumers I disagree here. For this to hold, executives would have to strive to keep their pay where it is. But this simply isn't realistic. Executive pay has exploded beyond belief in the last half century, it's completely unprecedented. There is no reason to allow individuals to siphon off so much capital, and no benefit to it. Standard of living with $1B is no different than $10B (which is why after Steve Jobs hit $6B he stopped bothering with making any more money).