California tax plan could rein in CEO pay

San Francisco Chronicle ^ | May 2, 2014 | Robert Reich

[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.

[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.

[DownInFlames]

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

[E. Pluribus Unum]

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

[Cheerio]

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

[ClearCase_guy]

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.

[rstrahan]

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

Hahahahahaha

[Argus]

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.

[freedumb2003]

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

[Delta Dawn]

Baba Boxer

That's Madame Senator to you...

[Gaffer]

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.

[EagleUSA]

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

[umgud]

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.

[Grampa Dave]

"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.

[TheZMan]

Atlas Shrugged was a warning, not a suggestion.

[Grampa Dave]

[Junk Silver]

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

[snappahead]

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

[Navy Patriot]

That's Madame Senator to you...

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

[bunkerhill7]

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.

[BobL]

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.