raising taxes on corporations that treats their CEOs royally and their workers like serfs

[xchrom]

http://www.nationofchange.org/raising-taxes-corporations-pay-their-ceos-royally-and-treat-their-workers-serfs-1398174294

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.

Meanwhile, over the same thirty-year time span the median American worker has seen no pay increase at all, adjusted for inflation. Even though the pay of male workers continues to outpace that of females, the typical male worker between the ages of 25 and 44 peaked in 1973 and has been dropping ever since. Since 2000, wages of the median male worker across all age brackets has dropped 10 percent, after inflation.

This growing divergence between CEO pay and that of the typical American worker isn’t just wildly unfair. It’s also bad for the economy. It means most workers these days lack the purchasing power to buy what the economy is capable of producing — contributing to the slowest recovery on record. Meanwhile, CEOs and other top executives use their fortunes to fuel speculative booms followed by busts.

Anyone who believes CEOs deserve this astronomical pay hasn’t been paying attention. The entire stock market has risen to record highs. Most CEOs have done little more than ride the wave.

[daleanime]

1. K&R....

[Fla Dem]

2. Great article and hopefully a sign of things to come. nt

[L0oniX]

3. You have to go after them at the personal income level.

Tax rate 99% of their bonus and pay over a million including stock options and diverted pay. Make them pay the bill for the food stamps handed out to their employees.