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Jeff In Milwaukee

(13,992 posts)

23. Raise the top rate....

Reply to TheMastersNemesis (Original post)

Tue Nov 20, 2012, 10:57 PM

Nov 2012

It's pretty simple. When you look back to the 1950's and the level of CEO compensation compared to today, there's a simple reason why CEO's didn't make as much. It's because that with a 90% top marginal rate, it just didn't make sense to pay someone that much, when 90% of the "gravy" was going to the government. When we lowered the top rates, it started to make sense to pay exorbitant salaries.

At the very least, we should create a new top rate of 50% of salaries in excess of $2 million per year. Why $2m? Because according to my expert calculations $2 million in 2011 would be roughly equivalent to a $250K salary back in 1955. And in 1955, $250,000 was a damned fine salary.

I have no probably with people doing well (even really well) but there comes a point where their doing well is harming the rest of us.

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We Can't Afford This New Breed Of CEO. We Need To Cut Their Pay By 90%. They --- [View all] TheMastersNemesis Nov 2012 OP

I agree. Not to mention, today's CEO's do a piss-poor job BlueCaliDem Nov 2012 #1

Actually, CEOs make about 23,100% what their average employees make. EOTE Nov 2012 #11

Actually, according to CNN Money, from info derived from AFL-CIO, it's 380x, to be precise. BlueCaliDem Nov 2012 #21

That's not rounding off, that's off by many magnitudes of order. EOTE Nov 2012 #24

That's still FAR more accurate than your "231x". And the 400x number is BlueCaliDem Nov 2012 #25

No, it's not at all. This is fairly basic math. EOTE Nov 2012 #27

Tax bonuses 90% LiberalEsto Nov 2012 #2

I think we can find other CEOs... HooptieWagon Nov 2012 #3

Look around . . . their pilfering at nearly a 500:1 ratio is ONLY a problem in America. HughBeaumont Nov 2012 #5

Wow, I never knew there was such a disparity Canuckistanian Nov 2012 #8

When Ken Lewis was CEO Sekhmets Daughter Nov 2012 #26

Venezuela is surprisingly on that list. Fantastic Anarchist Nov 2012 #17

Oh My! I love that idea! NT Sadiedog Nov 2012 #18

It's a Larceny Industry now. It's not about running a company, it's about "Cash and Carry". HughBeaumont Nov 2012 #4

AND tax their already ill gotten gains, the 1% already took all the money, we need to get it back RepublicansRZombies Nov 2012 #6

If I were in charge vulture capitalism would be a class A federal felony. Initech Nov 2012 #7

IMO what needs to happen PD Turk Nov 2012 #9

They're able to get those salaries and bonuses... HooptieWagon Nov 2012 #10

Compensation Benchmarking, Leapfrogs, and the Surge in Executive Pay moondust Nov 2012 #20

Trashing these arrogant bastards will just open the door for new ones Cal Carpenter Nov 2012 #12

I'm in favor of outsourcing their jobs. City Lights Nov 2012 #13

Their "team" was trounced last election: Why are they doubling down on the shitheadery? Populist_Prole Nov 2012 #14

At the very least CEO pay should be performance-based. Turn CO Blue Nov 2012 #15

It all depends on jobs. With so many people unemployed, the corporations can literally rhett o rick Nov 2012 #16

CEO of Unitedhealthcare gets $10 million/year 0zone Nov 2012 #19

Easy solution: Bring back 90% top tax rate. ErikJ Nov 2012 #22

Raise the top rate.... Jeff In Milwaukee Nov 2012 #23