How would that help to attract top talent? It would simply not work. The same applies to football and baseball. You can not attract talent by limiting a quarterback's pay to 12 times of what a janitor makes. Your 12 times dream might work on a factory floor, but not for management and research. That is why the Swiss soundly trashed that silly notion. DearWebby
You need to learn to use a bit of math. That childish dream could only work if you first flatten the tax. The US has a hockey stick model for taxation. You might pay 25%, or less. Many CEOs pay 85% or more. THEY are the ones, who pay for your education, and the military and Social Workers and Food Stamps and the Entitlement Class and everything else.
If you limit their wages to 12 times of yours, then their tax will drop from 86% to 26%, and the entire Entitlement Class starves. Not a smart idea. That is why Switzerland dumped THAT stupid idea 2:1 DearWebby
Didn't your Mama ever tell you, that Communists are stupid,
no matter how they twist the truth?
Popular opinion in Switzerland backed away from that stupid idea
the moment somebody pointed out that limiting the top to 12 times
the bottom would deprive the country of a HUGE amount of taxes
from the top earners, such a huge amount, they would have to
defund education and military and roads.
Bringing the minimum wage up to 1/12 of what top earners make,
would halt industry and commerce in a nanosecond.
Even though Switzerland now has the emotional half of the country
voting too, that is simply not going to happen.
If you looked at reality instead of Communist propaganda, you would
realize that top earners need to be paid a big chunk of money,
because they are in the tax bracket, that pays for YOUR benefits.
Their take-home pay is not really that fantastic.
AND, twisting stock options into the equation is extremely phony.
That is not pay, that is incentive. If they manage to improve the
company, then they might make a profit on those, if they don't,
well then they will simply loose and wallpaper their outhouse
with them.
That is why 2/3 of the Swiss voters were against that stupid idea.
In the US, where top wage earners pay 80% or more in taxes,
not 40% like in Switzerland, a Communist 1:12 limit would
be totally unthinkable by anybody with an IQ higher than
what a boiled turnip has.
DearWebby
Slashdot Mirror
How would that help to attract top talent?
It would simply not work.
The same applies to football and baseball.
You can not attract talent by limiting a quarterback's pay to
12 times of what a janitor makes.
Your 12 times dream might work on a factory floor,
but not for management and research.
That is why the Swiss soundly trashed that silly notion.
DearWebby
You need to learn to use a bit of math.
That childish dream could only work if you first
flatten the tax. The US has a hockey stick model
for taxation. You might pay 25%, or less.
Many CEOs pay 85% or more.
THEY are the ones, who pay for your education,
and the military and Social Workers and Food Stamps
and the Entitlement Class and everything else.
If you limit their wages to 12 times of yours,
then their tax will drop from 86% to 26%,
and the entire Entitlement Class starves.
Not a smart idea.
That is why Switzerland dumped THAT stupid idea 2:1
DearWebby
Didn't your Mama ever tell you, that Communists are stupid, no matter how they twist the truth? Popular opinion in Switzerland backed away from that stupid idea the moment somebody pointed out that limiting the top to 12 times the bottom would deprive the country of a HUGE amount of taxes from the top earners, such a huge amount, they would have to defund education and military and roads. Bringing the minimum wage up to 1/12 of what top earners make, would halt industry and commerce in a nanosecond. Even though Switzerland now has the emotional half of the country voting too, that is simply not going to happen. If you looked at reality instead of Communist propaganda, you would realize that top earners need to be paid a big chunk of money, because they are in the tax bracket, that pays for YOUR benefits. Their take-home pay is not really that fantastic. AND, twisting stock options into the equation is extremely phony. That is not pay, that is incentive. If they manage to improve the company, then they might make a profit on those, if they don't, well then they will simply loose and wallpaper their outhouse with them. That is why 2/3 of the Swiss voters were against that stupid idea. In the US, where top wage earners pay 80% or more in taxes, not 40% like in Switzerland, a Communist 1:12 limit would be totally unthinkable by anybody with an IQ higher than what a boiled turnip has. DearWebby