David D.
Banned
- Joined
- Aug 22, 2011
- Messages
- 397
- Reaction score
- 173
- Location
- Windy City
- Gender
- Male
- Political Leaning
- Slightly Conservative
I was about to say that too. America has the 2nd highest effective corporate tax rate in the world, only behind Japan. To say that they're not pulling weight is ludicrous.
Also, I know many people are concerned with a growing wealth (and even income) stratification here in the United States. Although I think this is a perfectly valid concern, I don’t believe we are going to change the fact that CEOs make an average of $300+ dollars to every $1 dollar their average employee makes (vs. in the 1960’s when the ratio was at about $25 to $1) with the tax code.
It’s like a political ‘band-aid’ fix that usually will end up reducing gov't revenue in the long-run.
But as for why the CEO salary ratio has grown so rapidly in the past 50 years is beyond me. As I stated in an earlier thread, I don’t think the CEOs of the 1960’s were any less bright, productive, valuable than they are today, so what else can explain the explosionary growth of the ratio?
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