Cap top-end wages by regulating a minimum wage that can be no less than 5% of the top pay in that company, (and calling out shell companies so we don’t get a situation where the CEOs’ are technically “managing consultants” to avoid this rule.)
During the 1950-60s (the best period for income inequality) CEO pay was ~30x the company average. If you want to key the limit to the company minimum as percentage of maximum, something between 1-2% would get you to a good place.
edit: A possibly better option would be to tax executive compensation in a way that you don’t tax payroll. Though I don’t know enough to suggest the details with that.
I usually go with 3% when I pitch this idea, But since ole’ Elmo the South African Goose Stepping Space Ass was an actual Trillionaire for a hot second back there, I felt a modest revision may have been more impactful.
edit: A possibly better option would be to tax executive compensation in a way that you don’t tax payroll. Though I don’t know enough to suggest the details with that.
That’s different. That’s based purely on the amount. And I’m not just talking about salary, but compensation, including stock options, expense accounts, and other benefit packages that executives get beyond salary.
Cap top-end wages by regulating a minimum wage that can be no less than 5% of the top pay in that company, (and calling out shell companies so we don’t get a situation where the CEOs’ are technically “managing consultants” to avoid this rule.)
During the 1950-60s (the best period for income inequality) CEO pay was ~30x the company average. If you want to key the limit to the company minimum as percentage of maximum, something between 1-2% would get you to a good place.
edit: A possibly better option would be to tax executive compensation in a way that you don’t tax payroll. Though I don’t know enough to suggest the details with that.
I usually go with 3% when I pitch this idea, But since ole’ Elmo the South African Goose Stepping Space Ass was an actual Trillionaire for a hot second back there, I felt a modest revision may have been more impactful.
Uh, that’s easy. Progressive taxation, above whatever amount the % increases drastically.
That’s different. That’s based purely on the amount. And I’m not just talking about salary, but compensation, including stock options, expense accounts, and other benefit packages that executives get beyond salary.