RE: CEOs work harder every hour than their wage slaves do every season.
January 30, 2014 at 5:00 am
Ryantology,
Ben & Jerries tried your method. It didn't work. If a government tried it, I doubt it would work either. There are plenty of companies in other countries that pay their CEOs large amounts; so the companies would most likely move abroad.
The problem is that any multiplying factor you pick is going to be arbitrary. I don't think you can say with any degree of certainty that the most deserving and important job in the world is worth only 20x more than the least deserving and least important.
As for higher taxes, take a look at France if you want to see how their tax system has failed. Taxing ridiculously high amounts only causes the wealthy to leave the country.
Ben & Jerries tried your method. It didn't work. If a government tried it, I doubt it would work either. There are plenty of companies in other countries that pay their CEOs large amounts; so the companies would most likely move abroad.
The problem is that any multiplying factor you pick is going to be arbitrary. I don't think you can say with any degree of certainty that the most deserving and important job in the world is worth only 20x more than the least deserving and least important.
As for higher taxes, take a look at France if you want to see how their tax system has failed. Taxing ridiculously high amounts only causes the wealthy to leave the country.
