One thing that is missing from this thread: The very rich should be spending a lot of money on the poor. I would be interested to see who is and who isn't out of the top 20 wealthiest Americans. I was looking for a quote from something I read in high school or college, but can't find it. Basically the premise is that the very rich should be spending a lot of their treasure on the poor and that if they don't do it, they should be getting 'shunned' by their peers for not doing it. Many of the super rich of the 1800s and 1900s gave a lot of money to the poor and if they didn't their peers denounced them. I don't see that happening today, granted I don't run in those circles.
One of the reasons this may not be happening any more is that the government has taken the reigns on this spending through taxes and I wonder if that hurts giving?
I agree with this. Would love to see that list.
One of the problem with the pay gap with things like CEO pay is that the businesses are private organizations (meaning non-government). We need to decide exactly how much the gov can tell people and companies how they have to spend their money.
If you think that you are underpaid, or don't like that the CEO is over paid, or that the CEO is fleecing the company -- Go get a job that pays more. Clean up your resume, get some more job skills, or just go find a better employer. Get a profile on LinkedIn (I'm getting offers to interview daily.. have no intention of ever working for a big corp again. F that!)
If you don't like that the CEO of some big corp makes way too much in your estimation, stop buying their products. Stop buying Pepsi, Coke, overly expensive athletic shoes and on and on.
Don't like that the Walton family has become the poster family for corporate greed? Stop shopping at Walmart.
The best way to stop this nonsense is for the average citizen to take actions that reduces their wealth than the gov put in something like a pay scale ratio... e.g. CEO's can only earn 5 times what their average high paid exec earns or something like that. You know what happens with that kind of directive? They just pay more to the high paid execs.