IF YOU HAVE BEEN ON THE FENCE ABOUT JOINING ME IN I2G, IF THIS ARTICLE BELOW DOES NOT HAVE YOU JUMPING THE FENCE NOTHING WILL , WATCH MY TEAMMATES STORY i2grocks/ THEN READ THESE STATS BELOW !!! ps you need to change your life now !!! PLEASE SEND ME A FRIEND REQUEST HERE ON FACEBOOK OR GIVE ME A CALL AT 402-200-9331 The typical CEO of Americas largest companies and banks is now earning more than 475 times what Americas average worker is paid. Fifty years ago, it was 40 times. This meteoric rise isnt because CEO’s are “worth” it but because their boards want to give them more than the CEOs they compete with, giving the firm bragging rights on the Street and ensuring that the CEO will stay put. But this has resulting in an escalating arm’s race. And because CEO pay is fully deductible from corporate taxes, taxpayers are subsidizing this arm’s race -- even as median household income drops. In the table below you can see the ratio of CEO pay to average workers in the U.S. compared to other countries. Republican David Camp, chair of the House Ways and Means Committee, recently proposed a way to stop this arm’s race: by not allowing corporations to deduct from their taxes CEO pay in excess of $1 million. That’s a good start. But how about going a step further and imposing an “excessive pay” surtax on corporations whose CEO pay exceeds 100 times that the average American worker?
Posted on: Thu, 20 Mar 2014 22:29:09 +0000
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