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A simple way to FIX Americas economy.
12 years ago
General
I would love to see what happens if we did like some European countries, and imposed a limit on business CEO and OWNER pay to that of 15-30 times the average employee...
Usually what happens then is that they increase their workers pay to living wage or above because, guess what? CEOs and OWNERs of companies LOVE money, so paying people more money gets the big wigs more money, there you go.
Any money made over that 15-30x profit could be put into things like education and healthcare, possibly even reducing violence rates and homelessness as a side effect.
People would have more money to spend and start their own businesses, the middle class would get stronger once more, college and healthcare would be free or very affordable, you wouldn't have to work 2-3 low paying jobs to barely afford rent and food, more people would vacation again, all around stress levels would be down.
Usually what happens then is that they increase their workers pay to living wage or above because, guess what? CEOs and OWNERs of companies LOVE money, so paying people more money gets the big wigs more money, there you go.
Any money made over that 15-30x profit could be put into things like education and healthcare, possibly even reducing violence rates and homelessness as a side effect.
People would have more money to spend and start their own businesses, the middle class would get stronger once more, college and healthcare would be free or very affordable, you wouldn't have to work 2-3 low paying jobs to barely afford rent and food, more people would vacation again, all around stress levels would be down.
Tax accountability and funding accountability would be nice. There really needs to be more oversight on things, especially anything even resembling a bailout.