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Politics and pay
Jun. 23rd, 2008 10:23 amI was reading a NYTimes article about how a small number of super-rich families are behind the campaign to eliminate estate taxes, and followed a link to http://faireconomy.org which has lots of info on pay inequities.
The musical 1776 stated "most people would rather protect the dream of become rich than face the reality of being poor." Because of this, and because of the spectre of socialism, the public has not really come around to embrace the idea of CEO pay limits. But here's another approach.
For years I've been trying to get the sentiment started that it is *unpatriotic* - not illegal or even unfair - for any CEO to make more than the President of the United States (whose salary is currently $400,000). Surely the President of Widgets, Inc. is not more important or more worthy of his pay that the "leader of the free world"?
It's a different take on the issue, and one better-suited as a response to those who see no problem with the wage gap, that's it's a matter of earning what one is worth. I'd like to see someone take this and run.
The musical 1776 stated "most people would rather protect the dream of become rich than face the reality of being poor." Because of this, and because of the spectre of socialism, the public has not really come around to embrace the idea of CEO pay limits. But here's another approach.
For years I've been trying to get the sentiment started that it is *unpatriotic* - not illegal or even unfair - for any CEO to make more than the President of the United States (whose salary is currently $400,000). Surely the President of Widgets, Inc. is not more important or more worthy of his pay that the "leader of the free world"?
It's a different take on the issue, and one better-suited as a response to those who see no problem with the wage gap, that's it's a matter of earning what one is worth. I'd like to see someone take this and run.
