Comment on The conservatives are calling basic Progressive policies "Communist".
TheStaffmaster@lemmy.world 4 weeks ago
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.)
Steve@communick.news 4 weeks ago
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.
TheStaffmaster@lemmy.world 4 weeks 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.
WaxRhetorical@lemmy.world 4 weeks ago
Uh, that’s easy. Progressive taxation, above whatever amount the % increases drastically.
Steve@communick.news 4 weeks ago
That’s different. That’s based purely on the amount. And I’m not just talking about salary, but compensation, which includes stock options, expense accounts, and other benefit packages that executives get beyond salary.
WaxRhetorical@lemmy.world 4 weeks ago
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.