Tax Excessive CEO Pay Act

Oh, look, Bernie Sanders and Barbara Lee put together a bill! I feel certain this will not only pass but it will succeed in convincing companies to pay their lowest paid employees better outsource their lowest paid employees.
 
Brainster said:
Oh, look, Bernie Sanders and Barbara Lee put together a bill! I feel certain this will not only pass but it will succeed in convincing companies to pay their lowest paid employees better outsource their lowest paid employees.
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Better the wage slaves are American?
 
lobosrul5 said:
If the bill is written something like: CEO pay can only be x times the lowest employee at that company, then one solution is to outsource things like janitorial workers to a contractor.
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No doubt.

It is tough to write a perfect bill.
 
Pretty sure every corporation likely to be affected by such a bill already outsources janitorial work. And food service. And Tier 1 IT support.

Nike is an apparel design and marketing company. They contract out all their manufacturing.

So yeah, I'm doubting such a bill would make much difference.
 
theprestige said:
Living wage, surely?
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Why? The minimum wage is livable right? At least that is what all political parties funded by the rich claim. So if you put thousands of people out of a job because of bad decisions / to get short term profit for shareholders you should share their fate. I guess such a law would create a livable minimum wage in no time.
 
Trausti said:
Your terms are very much acceptable. I think before government seeks to add or raise tax, it ought to first demonstrate how it has cut inefficiences and waste.
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The US Administration is actually very efficient - it's just that Representatives insists on wasting billions of prestige projects and unnecessary military bases to artificially siphon jobs and money to their district.

Of course, the cheapest way to get more taxes without raising taxes is to give the IRS enough money to do it's job.

Are you for or against adequately funding the IRS?
 
I mean... "excessive"? What would American legislators know about excessive pay? We're talking about a demographic that gave themselves legal insider trading. I think they're just jealous.

People fawning over this bill like, "I hate businessmen, but politicians are my jam!"
 
Whether it's business or government no organization where those in charge get to decide their own pay is going to work out fairly. Monkeys, keys, bananas, and so forth.
 
I like how all the arguments against higher taxes for corporations are really arguments against corporations.

"But if we make them pay their fair share, they will further take advantage of the most vulnerable in society". That's not a functional economic system, that's a racket.
 
Donal said:
Aside from pointing out the hypocrisy of right-wingers trying to claim how great Trump was, I don't reference unemployment numbers or the stock market when talking about the well-being of the general populace.
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The stock market is not the economy, and the economy is not the stock market.

But, I don't see why unemployment figures are not relevant to how good the average American is doing.
 
theprestige said:
I mean... "excessive"? What would American legislators know about excessive pay? We're talking about a demographic that gave themselves legal insider trading. I think they're just jealous.

People fawning over this bill like, "I hate businessmen, but politicians are my jam!"
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The best system I can come up with is, if the CEO gets a bonus for the company doing well, every employee should also get some kind of bonus. I don't know the details of how that'd work, be enforced etc. But its my off the cuff idea. I'd probably limit it to publicly traded C-corps.
 
At enriching themselves? Yes. At providing a good or service? Not really
 
lobosrul5 said:
The stock market is not the economy, and the economy is not the stock market.

But, I don't see why unemployment figures are not relevant to how good the average American is doing.
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It is a surface-level look. It doesn't fully account for the quality of the jobs, how many people stopped looking, what type of employment, etc. It can be an indicator, but it is given way too much weight.
 
3point14 said:
You think that global multinational corporations are efficient???
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You think that huge Government Bureaucracies are efficent?

Big Bureaucacies, private or public, are by nature inefficient. The first goal is to protect the bureaucracy.

I am not against higher taxes on big companies in the US..I think they are not paying their fair share...but I against tacation as a backdoor to government takng over the companies..which I suspect is what a great many in this thread secretly want.
 
As far as CEO compensation goes, it should be tied to how the company does as a whole: If the company does well, the CEO does well, if the company does not do wlle, the CEO gets big cut. I would for for much smaller salaries for CEO but greater stock share.
 
I see that people have convientely forgotten we have tried systems that try to eliminate profit and have everything ran by the state; and that they have inevitable failed badly.
Yeah one thing I am not is an Anti Capitalist. I think we need to protect against abuses and guarantee a minimum standard of living; but that can be done without the state running everything .,
 
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