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