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If a CEO/Exec makes more than 7 times the lowest paid employee of said company then tax that CEO's income over the 7 times threshhold. Tax the income/comp over the threshhold at 90%.
Example:
A CEO is compensated $1 million for the year. The lowest paid employee makes $20,000 in that same year.
7 X 20000= $140,000
Meaning that said CEO's income from $140,001 to his/her $1 million total salary/comp would be taxed at a 90% rate.
His/her first $140,000 in earnings would be taxed at the normal marginal rate.(Which also needs to be raised on the superwealthy.)
Profits need to be divided equally among all workers of a company. Not just handed out to the top company officials.
American business has become one gigantic ponzi scheme that redistributes the wealth upward to the top income earners, the super wealthy.
This ponzi scheme has led us into the great American shame known as the wealth divide.
This ponzi scheme has left the remaining 80% of us Americans broke. With rampant unemployment and falling wages. Our economy can no longer sustain itself.
The fact that 80% of us are broke is why our economy is crumbling.
How can a nations economy sustain when 80% of the people can't afford to spend to support and grow our economy.
America has gone broke due to the greed of the super wealthy.
The ponzi scheme has got to stop.
Capitalism is Un-American.
:patriot:
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