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Solution

Limit the maximum compensation of any company to 35 times that of the average employee.

1,655 Views / Posted by Kyle Halgerson

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While this is still a large gap, it is a starting point for limiting how much the upper management can take advantage of the average worker. There is still no numerical limit on how much a CEO can make. Instead, it simply requires that they increase everyone's salary before increasing their own.

In this case, compensation includes all benefits that have a monetary value. These include (but are not limited to): salary, healthcare, company car, housing allowance, meal allowance, and retirement benefits.
Supporters: Brian Sperling, Lisa Matulevicz
Opponents: Scott Cederberg, Ed Bradford
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    Scott Cederberg

    Scott Cederberg / October 31, 2011 at 3:40 PM DT

    I share your concern about the concentration of wealth and the impact that has on politics.

    I'm skeptical about how this proposed solution would actually work, though--it seems too heavy-handed, and frankly strikes me as unfair. I'd propose a more progressive tax system, a stronger social safety net, and reforms both to policies that favor the concentration of wealth and that give private money such powerful influence in the political process.

    To put it another way, I don't think the problem is that some people have too much--rather that other people have too little, and that the processes by which wealth is obtained are gratuitously unfair.


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    Problem There is a large wage gap between executives and average workers
    The upper-management in many companies make huge salaries while paying the majority of their workers comparatively little. This further consentrates the money and power into a smaller and smaller group of people at the cost of the rest of the contry. In the long term, this wage gap will effectively kill the middle- and lower-class's buying power, which will in turn cause the economy slow down or stop growing altogether.

    While those capable of doing better or more specialized work should be paid more, the current wage gap is often in excess of 100 to 1. Regardless of how talented a person is, their work is not worth getting paid 100 times more.
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