Switzerland Prepares To Vote On An Incredibly Radical Plan To Fight Inequality- Is There Any Swiss ?
On Sunday afternoon we will find out if Switzerland will go ahead with one of the most radical plans to fight inequality ever: Limiting the monthly pay of top executives to that of their lowest paid employees' yearly salary.
Limiting compensation to 1:12 would be a historic change: Currently, a lot of Swiss firms have a ratio of more than 100:1. Roche, the Swiss drug giant, reportedly paid its top executive $13.9 million in 2012, and its lowest $59,000 — a ratio of 1:236.
This isn't just a Swiss thing either. One study has shown that the average American CEO earns 200 times the salary of their lowest paid employee.
The idea was proposed through Switzerland's direct democracy system, and if more than 50% of voters and representatives of the Swiss federal states (cantons) agree to it, it must become law. Voters have had a month to vote via post, and on Sunday they can attend polling stations.
Read more: http://www.businessinsider.com/switzerland-to-vote-on-112-initiative-2013-11#ixzz2lShUDmIA
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I urge all DU Swiss citizens to vote for this bill/law and exercise your right. Voting is tomorrow. I hope this passes and this world sees a real decrease in poverty and financial inequality.
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a two year period. Any kind of wealth distribution would be great if people would not politicize it, corporations would not raise prices, and business would open up investments and more secure jobs. But it ain't gonna happen here. The top 10% are mostly too selfish, greedy and bigoted to care that the nation is crumbling around them and their fellow citizens are suffering at every level below theirs. They would sooner "rent a citizen" from abroad than help the ones here by giving them jobs. (look who the "nannies" are, who the IT customer service folks are, who your nurses and doc are, who actually has most of the building and hauling contracts, where are trucks, trains, and busses are made). Help natural citizens, especially the poor....? You must be nuts!
