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View Diary: Minimum Wage Raise Essential To Fix Our Economy (21 comments)

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  •  No. But I'll sign a petition to raise it to $21. (1+ / 0-)
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    Spron

    Because $10.10 is where it should be if this were, what, 1985.

    There also needs to be a limit on CEO pay say to, a mere 50 TIMES the lowest full time wage paid in the company.

    •  TJ - there should be no maximum CEO pay (1+ / 0-)
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      ManhattanMan

      The right way to handle excess CEO pay is to raise marginal tax rates on high incomes. If Congress ever had a 50X cap on CEO pay you would see everyone in a public corporation earning less than $100K be made a temp and thousands of public companies go private. The current pay limits under Section 162m apply only to public companies. Private companies have no obligation to disclose any executive compensation amounts.

      "let's talk about that"

      by VClib on Fri May 03, 2013 at 08:02:24 PM PDT

      [ Parent ]

      •  I agree. (1+ / 0-)
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        The Jester

        And I don't understand why Progressives can't just keep it simple:

        - Raise income tax rates.
        - Raise capital gains tax rate.
        - Spend the money on health, education, and welfare.
        - Don't stop doing this until the recession is over.

        But ever since the election I keep hearing these whacky schemes: Transaction taxes, minimum wage hikes, salary caps, value-added taxes, whatever.

        These things are not all bad, but they are distractions. We need to keep a tight political message based on the existing taxation framework.

        •  I apologize, I let my bent for shareholder.... (0+ / 0-)

          ... rights leak into the other discussion.

          Corporate reform is a whole other subject, and almost as important overall as minimum wage, and tax reform.

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