Corporate profits soar and workers do not share in the benefits (I’ll let others provide the facts and figures). How can this be addressed — realistically? Effectively?
Here is the idea I would like help investigating/critiquing/filling out: a tax adjustment based upon the
percent difference between the highest compensated and lowest compensated worker for the company. I know there are lots of ways to try and game it but here goes the initial thought….
If the difference in compensation paid by a corporation between the highest and lowest paid employee is greater than say 3000% (benefits, salary, stock options, etc.) then the Corporation is faced with a corporate tax INCREASE. They can still exceed the value but pay a corporate tax penalty. Or do the opposite — make it a Tax Break (seems more palatable and possible — giving tax breaks would be easier sell). Yeah — give a TAX BREAK if they conform with this social construct for the benefit of the community.
OK — start slicing and dicing!