I would like a law

[lynxreign]

It is a simple law.

No employee of any company at any level can make more than 100 times the lowest paid employee of that company.

You're paying someone $20,000 a year, then you can make 2 million a year. Want a raise? You have to raise the salaries of the lowest paid employees.

Now, tell me why you don't like my law.

Comments

[lynxreign.livejournal.com]

The difference is that CEOs will want to make as much as they can. This lets them do that, but forces them to share. The extra money goes to employees, not the government. Also, there's research that shows people are more willing to defer theoretical future earnings than they are to support a tax cut. I think this falls under that kind of thinking.

I didn't say communism WILL evolve, I said that if it does, it won't get here through revolution.

[head58.livejournal.com]

So the CEO of S-Mart sets his salary at $1/year and just rakes in benefits and bonus payments etc. totaling to fifty billion dollars. Whatever we can think of, others will find/finagle loopholes to exploit and ruin it.

[lynxreign.livejournal.com]

benefits and bonus payments etc

Counts as part of your yearly compensation.

[jestermotley.livejournal.com]

If benefits and bonus payments count as part of yearly earnings then this gets even worse.

You'll have companies claiming access to work machines, office supplies, parking, etc will all become "benefits".

So now that guy making nothing in data entry looks like he's making a ton more because you could even go as crazy far as to claim his cubicle space a benefit. So you write rent off too.

Like I said before this idea is nice, but the level of detail that'd have to go into closing all the potential loopholes is insane.

Because I'm sitting here constantly coming up with new little ideas. So you KNOW bigtime CEOs would have even more to say about it.

[lynxreign.livejournal.com]

You'll have companies claiming access to work machines, office supplies, parking, etc will all become "benefits".

I don't think that'd last long in the realm of the marketplace or in the courts. And it is a fairly simple loophole to close anyway. I don't think the level of detail to close the loopholes is all that bad when compared with some other legislation out there.

[jestermotley.livejournal.com]

But it would, because you'd have huge arguments over what CEOs REQUIRE. If they have to fly all over for meetings and mergers what's acceptable. Hotel rates, food, per diem, etc.

That's asking for a lot of regulation that has to be malleable enough to change with inflation rates. Its just a big issue.

[lynxreign.livejournal.com]

Those are business expenses paid for by the company, just as they are now. They aren't benefits any more than parking spaces are.

Nothing has to change with inflation rate. That's built in. All it requres is that the lowest paid person make no more than 1/100th the highest paid person.

And we're talking about salaries of millions of dollars a year here. And we're talking about perhaps .1% of the population. Everyone else gets a raise.