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economic fairness

Fighting inequality, starting at the top

by: Rep Barbara Lee

Wed Nov 21, 2007 at 10:06:40 AM PST

(Welcome back Representative! - promoted by Bob Brigham)

We have a problem with our economy. The raw numbers say the economic pie is growing, but the larger pieces are all going to a small minority of Americans -- meaning that for most Americans, wages are barely keeping pace with inflation.

We see this rising income inequality clearly in recent IRS data, which show that the share of income going to the wealthiest Americans is the highest it has been since before the Great Depression. To pick but one example of this disturbing trend, last year the average CEO made more in one day than the average worker made over the entire year.

Clearly, it's time to reconnect the economic fortunes of front-line workers to those of their CEO's -- who are commonly making making tens of millions of dollars annually -- by cutting off tax subsidies for these enormous compensation packages if they are more than 25 times the salary of the lowest paid worker in the company.
There's More... :: (0 Comments, 513 words in story)
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