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Response to moondust (Reply #73)

Fri Feb 26, 2021, 04:27 PM

77. You'd have to play with the term "pay"

because there are executives that get compensated in shares and other benefits that are hard to quantify, but if exercised properly, can make a lot of money. There's a reason Warren Buffet pays a lower tax rate than his secretary, and it's that he's not compensated in regular salary like everyone else at his company.

Just looking at pay, i mean, there's 500 CEO's on the Fortune 500 that are making these huge multi-million CEO agreements with golden parachute payouts. I can see maybe expanding that to the Fortune 1000 or even the Fortune 2000, but are 2000 people really worth the effort to rewrite the tax code. It will be easy for such a small group of people to game the system and come up with ways to get 'payouts' that are outside the scope of any law we pass.

I mean, we've been talking about executive pay for the entire 40 years of my life that I can remember, and not shit has been done about it. And screwing the lawn service CEO that makes $250k, or the local home remodeling CEO that makes $400k, they are not people I'm worried about. To be fair, they're probably the most screwed class of people tax wise in the system today.

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LineLineLineNew Reply You'd have to play with the term "pay"
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