SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (699922)2/19/2013 7:11:52 PM
From: SilentZ  Respond to of 1578891
 
>No, if they did pass a law that capped executive salaries the result would be the same as when they used to have a 90% tax rate for really high income; the rich would get around it any number of ways.

Of course they get around it in the sense that they never pay the 90%. But they certainly pay more under 90% than they do under 38%. Even if their effective tax rate only goes up a portion of the increase, it's still revenue for the government. Unless you think the wealthy can escape every cent of a tax increase, which has never happened before.

-Z



To: Bilow who wrote (699922)2/19/2013 8:30:34 PM
From: bentway  Read Replies (1) | Respond to of 1578891
 
Yet somehow, the rest of the world doesn't seem to have the problem of ridiculously outsized executive pay. Why is this?

I'd suggest it's that laws in other countries don't allow corporations to pack their boards with fellow CEO's, and force the inclusion of a certain number of ordinary workers FROM the corporations and other boardmembers not inclined to get into the mutual backscratching game.

Which is what we need to do here.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News