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Rep. Keith Ellison Takes a Hard Look at New CEO Pay Ratio Data


Rep. Keith Ellison Takes a Hard Look at New CEO Pay Ratio Data

Sarah Anderson

Big Business fought hard to kill a new regulation requiring corporations to disclose the gap between their CEO and median worker pay. For eight years after the regulation became law, corporate lobby groups fought to repeal, gut, or at least delay it.

But thanks to an outpouring of support by elected officials, investors, and ordinary Americans, the pay gap rule survived. And now, finally, the public is getting the information they need to see which corporations share the wealth with their employees — and which do not.


If organizations wish to maintain this pay structure for their CEO’s, legislation must be initiated to create a “new” Tax structure just for them.

A minimum of 50% tax will most likely work to bring companies back into the 21st century.


But, but, Libertarianism means Freedom!
(From above, at any rate…)


“A hard look” NOW at an issue that has been common knowledge for the past decade or two to anybody who doesn’t deny facts and evidence ?

We are way past the hard look stage and even past the stage of knowing what we need to do to restore ratios that existed during the 1935-1985 timeframe that FDR’s New Deal was in force…restore the New Deal regulations that the best Congress that money can buy killed between 1978 and today.

Attempting to implement regulations that directly control compensation will never reverse the widening pay gap because there are endless ways to “characterize” (as the IRS calls it) executive compensation and corporate accountants and attorneys always find ways to circumvent such regulations. New Deal regulations were successful because they regulated the system rather than having more targeted regulations that are easy to skirt.


How about this: Simply nationalize any company where the CEO total compensation package exceeds 100 times the average compensation of the lowest-paid full-time employees. Another option would be to raise the CEO’s tax rate to 150% for every dollar of income that exceeds 100 times common employee income.