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I think wealth should be divided according to post counts.
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ed: Double post. Sorry.
Ca-ching! |
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A simple cap somewhere in the mid range of present high paying salaries, say around 50 million total compensation. Anything over that is taxed at 100%. I'd also favor allowing a percentage of it to be reinvested back into the persons business, say for hiring more employees. |
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Reading this thread from the beginning, I was about to hammer out nearly the same response August made. The bottom line is this: why would anyone in their right mind educate themselves well enough to be a banker when they can make a more lucrative living as a janitor right out of the gate? Or are you suggesting that bankers altogether are unnecessary (which is equally absurd, as is the liquid form of economics going to merely handle itself)? Like someone else said, what a silly study, as frankly all studies are when they are commissioned for the purpose of proving a point rather than gathering a fact. |
Oh, and by the way, I don't think the government should impose any executive pay cap on American businesses.
Actually, I have what I believe to be a far more effective solution: repeal the Capital Gains Tax, EXCEPT from gains made from businesses who have any executive making more than $10m a year. That way, if the executive is talented enough and providing the results needed to still financially lure investors in even though they will be levied an additional tax for investing in the company, he's worth the pay. If not, investors will drop like flies FORCING the company to reduce executive pay in order to attract capital. |
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