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California tax plan could rein in CEO pay
San Francisco Chronicle ^ | May 2, 2014 | Robert Reich

Posted on 05/04/2014 8:54:45 AM PDT by artichokegrower

Until the 1980s, corporate CEOs in America were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.

(Excerpt) Read more at sfgate.com ...


TOPICS: Culture/Society
KEYWORDS:
I wonder if this opinion piece was written before or after Toyota announced that it was moving its headquarters out of California and over to Texas. I would be in favor of this bill if it limited the pay of the ultra rich ultra liberal Hollywood folks to a percentage of that of the average workers employed by the film studios.
1 posted on 05/04/2014 8:54:45 AM PDT by artichokegrower
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To: artichokegrower

Pass this and that great sucking sound will be a tsunami with a mag afire of 10x Indonesia tsunami.


2 posted on 05/04/2014 9:01:28 AM PDT by DownInFlames
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To: artichokegrower

Notice how this bill would not affect criminally-rich politicians like Nasty Pelosi, Baba Boxer or Didi Feinstein?


3 posted on 05/04/2014 9:03:18 AM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)
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To: artichokegrower
Jealousy of the "better off than me" is the only thing the RATS have to run on in 2014 since they have accomplished ABSOLUTELY NOTHING SINCE NANCY AND BARAQ TOOK CONTROL OF THE FED GOVT.

Except their equally disastrous Obamacare and Dodd-Frank laws
4 posted on 05/04/2014 9:04:09 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: artichokegrower
Until the 1980s, corporate CEOs in America were paid, on average, 30 times what their typical worker was paid.

And the government was outraged by it.
And the government created all kinds of regulations and reforms.
And the government altered the tax policy.
And the government altered the tax policy again.

The situation got worse?????
Maybe the government should get more involved, make more reforms, and alter the tax policy. Again.

5 posted on 05/04/2014 9:04:40 AM PDT by ClearCase_guy
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To: DownInFlames

We in Texas applaude this law and truly hope that it is enacted into law and signed by the Governor.

Hahahahahaha


6 posted on 05/04/2014 9:05:48 AM PDT by rstrahan
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To: artichokegrower

I work for a movie studio and my rate of pay is determined by a union contract. Does Reich propose that such contracts be violated, because good luck with that.


7 posted on 05/04/2014 9:05:52 AM PDT by Argus
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To: artichokegrower

Let’s see... who is the person who makes decisions about where a company is physically headquartered? Anyone?


8 posted on 05/04/2014 9:06:23 AM PDT by freedumb2003 (Fight Tapinophobia in all its forms! Do not submit to arduus privilege.)
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To: E. Pluribus Unum
Baba Boxer

That's Madame Senator to you...
9 posted on 05/04/2014 9:06:42 AM PDT by Delta Dawn (Fluent in two languages: English and cursive.)
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To: artichokegrower

Actually, I am now just hoping that the state of California-at-large just goes ahead and names themselves a prefect of Mexico or however that all works.

Just give it all back to them. Lock, stock and barrel (and liberals, and illegals, foreigner sheisters, et al).

I’ll gladly take two less Senators, and a butt load fewer Democrats, and an even bigger butt load of less welfare,SNAP, SSI, SSDI, Section 8, EITC, and a host of fewer House Congressmen in that bargain.

China can just shuttle their crap for us on up to Seattle or somewhere.

Just give it back and be done with it. It isn’t worth saving any more.


10 posted on 05/04/2014 9:07:23 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: artichokegrower

Just more political pandering to the RAT base of voters. Add it to the list of reasons for business to MOVE OUT of Taxifornia.


11 posted on 05/04/2014 9:10:16 AM PDT by EagleUSA
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To: artichokegrower

Excessive taxes, regulaton, soon to come collapse of pension system (CALPERS, etc.) already has CA on an unrecoverable trajectory. This is just another big leap that will accellerate CA’s drive to become a third world state.

The good news? I will live to see the day CA won’t have the revenue to support their utopian level of regulation.


12 posted on 05/04/2014 9:10:18 AM PDT by umgud
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To: artichokegrower
"I wonder if this opinion piece was written before or after Toyota announced that it was moving its headquarters out of California and over to Texas. I would be in favor of this bill if it limited the pay of the ultra rich ultra liberal Hollywood folks to a percentage of that of the average workers employed by the film studios."

Texas, Oklahoma and similar low tax states are probably using their lobbyists to get the dream bill for them passed.

13 posted on 05/04/2014 9:10:20 AM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: artichokegrower
Atlas Shrugged was a warning, not a suggestion.
14 posted on 05/04/2014 9:11:05 AM PDT by TheZMan (Buy more ammo.)
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To: artichokegrower


15 posted on 05/04/2014 9:12:07 AM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: artichokegrower

I propose alternate legislation - No congressman or senator is allowed to become 30 times wealthier than he or she was upon taking office.

I’m sure Harry Reid and Nancy Pelosi would be a big supporters. /s


16 posted on 05/04/2014 9:13:18 AM PDT by Junk Silver
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To: E. Pluribus Unum

the ‘economic blackholers’ sucking up massive amounts of taxdollars AND contributing NOTHING


17 posted on 05/04/2014 9:13:37 AM PDT by snappahead (if your gonna be dumb, you better be tough.)
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To: Delta Dawn
That's Madame Senator to you...

I prefer Baba Bouncer, Re the House check kiting and banking scandal.

18 posted on 05/04/2014 9:15:05 AM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: artichokegrower

Clearly a violation of the 16th Amendment

“The Congress shall have power to lay and collect taxes on incomes, FROM WHATEVER SOURCE DERIVED, without apportionment among the several States, and without regard to any census or enumeration.”

States cannot place limits on incomes & sources as it usurps the taxing power passed by Congress as to incomes and sources.


19 posted on 05/04/2014 9:16:36 AM PDT by bunkerhill7 ("The Second Amendment has no limits on firepower"-NY State Senator Kathleen A. Marchione.")
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To: artichokegrower

First thing I was thinking of was Toyota too.

We’re going to run out of room here in Texas for all these high-paying jobs if California keeps driving them out.


20 posted on 05/04/2014 9:16:49 AM PDT by BobL
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To: artichokegrower

Does this apply to companies based outside of Kalipornia ?


21 posted on 05/04/2014 9:22:27 AM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: artichokegrower

Crapifornia just keeps shooting itself in the foot. Is all that “medicinal” green stuff finally affecting their minds? Great case study of how when you allow the left to control the entire political process in a state it’s doomed to failure.


22 posted on 05/04/2014 9:22:27 AM PDT by dowcaet
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To: artichokegrower
This sounds like a good idea. I say bleed the liberal rich and their country club amnesty living rino friends dry.
23 posted on 05/04/2014 9:29:34 AM PDT by amnestynone (Lindsey Graham is a feckless, duplicitous, treacherous, double dealing backstabbing corksucker.)
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To: Argus
Does Reich propose that such contracts be violated, because good luck with that.

I think they are planning to tax either the CEOs or the companies at different rates if the company pays its CEOs more than the state believes they should make in relation to their employees.

24 posted on 05/04/2014 9:57:16 AM PDT by Defiant (Let the Tea Party win, and we will declare peace on the American people and go home.)
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To: artichokegrower

Texas Governor Perry is high-fiving his team, grateful for the companies that will relocate to Texas to avoid this policy.


25 posted on 05/04/2014 10:04:38 AM PDT by tbw2
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To: Defiant

I should’ve been clearer. The CEOs’ compensation is determined by contract, too, for multiple year periods. In many cases their bonuses are tied to stock performance. Reich wants to abrogate these too?


26 posted on 05/04/2014 10:05:05 AM PDT by Argus
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To: artichokegrower

It would be worth it if it applied to actors and athletes as well. Let people really see the effects of collectivism.


27 posted on 05/04/2014 10:18:10 AM PDT by MrShoop
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To: artichokegrower
I guess if the pols in california can't bring the third-world to them, then I guess california will turn itself into a third-world state, like Zimbabwe, or Venezuela. Maybe that is the plan, to make mexico look more appealing than california, so all of the illegals will move back home.
28 posted on 05/04/2014 10:18:20 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: artichokegrower

There’s a vast economic illiteracy on the modern left.

The vast inequality between CEO and worker is harmful to the company more than the economy. It reveals a great disparity in worker-owner worth and should spurn greater worker development and entrepreneurship.

If you want to stop inequality, let companies fail. They’ll stop paying small fortunes to well connected conmen.


29 posted on 05/04/2014 10:43:20 AM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: snappahead

If unemployed welfare leaches would use their idle time to compose symphonies, paint amazing works of art, or chart astronomical bodies folks would be okay with it.

Instead we have for the first time in history a class of poor people who choose to be poor and idle. Usually in history, folks were poor because they had no opportunity so subsistence living was all they knew. Some misguided folks try and compare it to Historical poverty and charity.


30 posted on 05/04/2014 10:51:48 AM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: artichokegrower

Just one more reason to move your corp. the hell out of Calif.


31 posted on 05/04/2014 10:52:15 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: Defiant

All they have to do is stratify their corporate governance. Have subsidiaries that better shield the executives and their high pay.


32 posted on 05/04/2014 10:55:19 AM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: artichokegrower

Or of course it could just drive every business of any value OUT of California once and for all


33 posted on 05/04/2014 11:18:58 AM PDT by Nifster
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To: artichokegrower

Idiots! Last I checked, CEO’s have the discretionary ability to move their company’s operations. administration and subsidiaries to wherever they chose.


34 posted on 05/04/2014 11:25:05 AM PDT by VRW Conspirator ( 2+2 = V)
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To: artichokegrower
There's no easy answer for reversing this trend, but recently I testified in favor of a bill introduced in the California Legislature that creates the right incentives.

The part to watch out for is when they declare that a corporate entity registered in the state is "property" of the state. Contrary to law, but watch it happen.

The intent is to save money by preventing an economic exodus without the cost and trouble of building a wall to keep people in.

35 posted on 05/04/2014 12:02:34 PM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: artichokegrower
I would be in favor of this bill if it limited the pay of the ultra rich ultra liberal Hollywood folks to a percentage of that of the average workers employed by the film studios.

You're on the wrong board then, spud.

36 posted on 05/04/2014 12:27:21 PM PDT by metesky (My investment program is holding steady @ $0.05 cents a can.)
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To: artichokegrower

It’s those steel workers’ and construction workers’ unions! They caused that to happen!

Oh, wait, there are nearly no such employees now. The unions are mostly for female government employees and government-linked businesses with the blessings of the managers—kinda like brothels.


37 posted on 05/04/2014 1:51:04 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: artichokegrower

The serious answer is to repeal commie state and local regulations against new, small manufacturing shops on private lots outside of large cities. Do that first, and more Americans might even bother to vote against federal regulations. Otherwise, no revenues for the socialist political class.


38 posted on 05/04/2014 1:54:05 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Junk Silver

They would just transfer all the insider gains to their spouses and cronys. It’s pretty difficult to legislate away greed.


39 posted on 05/04/2014 1:59:40 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: artichokegrower

Moving HQ won’t really make a difference. California corporate taxes are based on a company’s California revenues, regardless of where it or its employees are based.


40 posted on 05/04/2014 2:07:55 PM PDT by only1percent
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To: artichokegrower

If bills and tax schemes are enacted to restrict shelters, accountants, lawyers and financial consultants, will find other “workarounds,” which people of all political stripes will utilize.

Just as they now do. Many so-called tax shelters, loopholes etc. were advanced and passed by democrats.


41 posted on 05/04/2014 3:19:53 PM PDT by truth_seeker
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