The list of remedies missed a couple of specific biggies – 1. ending the court doctrine of corporate constitutional personhood, and 2. ending the court doctrine that spending money in elections is the equivalent of free speech.
But the author also misses the boat on the causes and solutions for wage stagnation. Hourly compensation, including benefits, began to flatline in 1973, 44 years ago. American workers have not had a real raise in 44 years. Who did start getting huge raises 44 years ago? CEOs. The officers of America’s corporations have stolen for themselves the raises due to their workers created by those workers’ increasing productivity.
So much for the cause. What about a solution?
Tie the deductibility to the corporate tax return of all forms of compensation to its top tier of officers and managers to a modest multiple ( 7-10X) of the minimum wage. Further, impose a tax surcharge (50%) to the corporation on any compensation paid out in excess of a slightly higher multiple (15-20X) of the minimum wage. The minimum wage is better than a company’s average or some other statistical compilation because it is what it is. It cannot be fudged. I wonder how quickly the minimum wage would become a living wage under a law like this.