Yet More Tales from the Oligarchy

Income inequality is not a natural phenomenon. It didn’t hit America like a hurricane or an earthquake. It is rather the direct and deliberate result of policies implemented by the government at the behest of its owners, the oligarchs. For example, average income taxpayers now subsidize the exorbitant salaries of billionaire CEOs, even at supposedly “liberal” companies like Starbucks. There’s a solution, of course; we have to stop rewarding economic serfdom.  A bill recently introduced in the California Legislature would peg CEO taxes to the ratio between their salaries and the salaries of their company’s typical worker. It’s a good start and needs to be considered by Congress; of course, we have to pry Congress from the fingers of the oligarchs first.

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Published in: on April 27, 2014 at 5:21 pm  Leave a Comment  
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