Can we talk about a Maximum Wage?

[moondust]

54. Switzerland tried to enact the "multiple" thing.

The Swiss "1:12 Initiative" limiting top pay to 12 times bottom pay was a referendum on their election ballot in November. It failed by a 2-to-1 margin. Some CEOs there threatened to move their companies out of the country if it passed.

I agree there needs to be some kind of upper limit on compensation. Without some kind of restraint, many people are prone to becoming Koch-like vampires looking for any way to suck the life out of everything for unlimited personal gain, including buying and subverting democratic governments that allow BIG MONEY to heavily influence elections and policymaking.

As long as BIG MONEY controls much of the electoral process it seems unlikely that anything resembling a maximum compensation law could ever pass at the national level in the U.S. Maybe better odds at the local level similar to locally increasing the minimum wage. ??