Singh proposes corporate tax hike tied to CEO-worker pay gap
I don&#x27;t think headline-grabbing CEO pay differences from the average worker are the thing driving broad based economic inequality in our economies today.  Cutting the salaries of every CEO and redistributing it to their company workers would hardly give every employee an extra $1,000 at most places.<p>Economic inequality springs from (among other things) the fact that each and every one of us chooses to buy things &amp; engage in our economy which has gotten more and more efficient, and reward a few hundred thousands (or millions) of people who happen to be able to produce disproportionately more things that the rest of the population will pay for and reward them for.   I&#x27;m not saying they&#x27;re deserving of it or anything like that, just to say that&#x27;s what it is (or part of it).  And I&#x27;m not addressing the asshole PE CEOs which are a different breed of leech, but are their own sliver of headline-dominating but not significant to the general population&#x27;s wealth concerns.<p>At the same time, efficiency and labor supply means that low skill wages have not moved much.<p>You&#x27;re not going to defeat these economic tides by handicapping a couple of CEOs, as much as that might feel gratifying or even politically symbolically meaningful.<p>We each of us have made the economic inequality that we sit in.   And I might also point out, what is at the bottom of our economic ladder is still in an absolute sense, well above what is the bottom of the ladder in many, many other countries, in material wealth and security.