you are viewing a single comment's thread
view the rest of the comments
[–] 11 points 3 days ago (8 children)

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.)

  • source
  • hideshow 8 child comments
  • [–] 5 points 3 days ago* (last edited 3 days ago) (7 children)

    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.

  • source
  • parent
  • hideshow 7 child comments
  • [–] 3 points 2 days ago

    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.

  • source
  • parent
  • [–] 1 point 3 days ago (5 children)

    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.

    Uh, that's easy. Progressive taxation, above whatever amount the % increases drastically.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 3 points 3 days ago* (4 children)

    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.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 2 points 2 days ago (3 children)

    Yeah, and all of these have a value that can be calculated. So tax them on the sum of their compensation + the value of the perks they receive.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 2 points 2 days ago (2 children)

    Yah. That's what we're talking about. That's what I said. I'm not sure what you're getting at here.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 1 day ago (1 child)

    You said, when I talked about progressive tax:

    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.

    I don't understand what's different then, if we both agree that the taxable base for an individual is their total compensation, not their base salary. I think we might have just talked past one another and essentially agree

  • source
  • parent
  • hideshow 1 child comment