[Oldeconomybuyer]

Professor Emeritus at the UCLA School of Public Affairs, Jack Rothman, performs stand-up comedy for political and civic groups on invitation to provide a bright spot at meetings burdened by too much gravitas. (jrothman@ucla.edu) He has also appeared at the Comedy Club, Ice House, the Improv Hollywood, and assorted nondescript pubs.

[oblomov]

Sure, what could go wrong?

[Buckeye McFrog]

It’s pretty much what FDR did with his 91% top income tax rate (he wanted 100%....91 was a compromise with the Republicans!)

[Jim from C-Town]

OK, How does limiting the pay of the top executives increase the wages or job prospects of those at the lower end of the spectrum? Also why stop at $15 hr? Why not $50 an hour. At $100 grand per year we could effectively call all Americans rich and end all social welfare programs. Better yet make the minimum wage $300 an hour and everyone will be part of the 1%.

Answer: because a minimum wage is just a made up number with no bearing on reality. Minimum wages actually hurt those with the least skills and the least education and training. It is an attack on the poor and the minorities in society. With high minimum wages, teenagers are unable to compete with those with more experience and job skills.

The desire to punish those with more than you is jealousy and it is also stupid. There is no correlation between the amount of money a CEO or Hollywood actor makes and the wages of the average or lowest paid worker. What causes poor pay is poor job skills and a stagnant economy coupled with massive illegal and legal immigration driving down the wages of the average worker.

[taxcontrol]

The average CEO earns just over 350 times as much as the work force below

That is a cherry picked statistic that in no way reflects reality.

[Popman]

——The average CEO earns just over 350 times as much as the work force below. -——

That has proven to be a lie...those numbers only are for the top pay of 1% of CEO’S

The real ratio is 60 to 1...

[SamAdams76]

The author evidently doesn't understand how the private sector works. Salary is typically the least important part of a CEO's commission. It's all about the stock options, fringe benefits and performance incentives.

That's why some CEO's famously pay themselves a $1 salary.

[terycarl]

How about everybody minding their own business....if I own a business, I can pay my employees whatever they and I decide is fair...I can pay my ceo a trillion dollars if he earns 2 trillion dollars for my company.

How on Earth did the federal government....or state and city governments decide that they had the right to determine what an employer had to pay an employee.

If you want a job in my business, and you and I decide that you will start at $12.00 per hour....why does some outside source decide that they can better determine our business agreement than we can????????

[cornfedcowboy]

Only a college professor could dream up a concept where limitations on economic liberty equate to a better democracy.

[Pietro]

Does thing apply to athletes, movie stars and rappers?

Or is it just for people that actually accomplish something?

Like you know, white guys?