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In reply to the discussion: Oughta be a maximum wage as well as a minimum wage law [View all]MANative
(4,188 posts)11. Can't put a dollar amount on that, but what might work...
is that max compensation is capped at a certain multiple of average workers' wage within the corporation. For example, CEO can't be compensated more than 10 times worker average. Today's CEOs are often comped in the multiple hundreds of worker comp. Remember, too, that compensation and salary are two different things. Doubt you could do it through legislation, but it could be done in publicly held companies through board policies. Good luck getting the board to vote that in, though.
ETA: Also couldn't do it in privately held companies, and dog only knows what that would do to corporate structures, ownership, and stock.
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Some DUer--I think maybe it was grantcart--once said that no one should be so rich
tblue37
Nov 2013
#39
So you're saying there's no way to legitimately earn more than your maximum...
brooklynite
Nov 2013
#19
No tax loopholes and a realistic progressive tax system would do it. Capitalism ALWAYS
RKP5637
Nov 2013
#32
They usually accumulated that wealth through criminal and borderline criminal activities anyway.
tblue37
Nov 2013
#40
Make it a ratio like the Swiss proposal, of 1/12, and include all options and bonuses.
diane in sf
Nov 2013
#48
So paying the doctors LESS is the solution to keeping them working on all year?
hughee99
Nov 2013
#64
You would not believe the crap that the SEC is getting for proposing disclosure requirements
Gothmog
Nov 2013
#51
The last thing the parasites want is for the suckers they fleece to know just
Egalitarian Thug
Nov 2013
#65
Excellent point. The entire tax code needs to be trashed and re-developed from zero.
Egalitarian Thug
Nov 2013
#68
Exactly. The wealthy (1%) haven't got that way from wages. It's dividends and such that
stevenleser
Nov 2013
#76