No, arbitrarily punishing a business for being too successful is both nonsensical, and has a chilling effect on new entrepreneurship. Also, it makes literally zero difference to someone earning $10/hour if one CEO is earning over $4000/hour, or if ten CEOs are each earning $400/hour.
Ultimately, the ratio itself doesn’t matter at all. The actual number is what actually matters. Who do you think is more likely to be more resentful, someone making $10/hour under a CEO making 50x that, or someone making $100/hour under a CEO making 50x that? Obviously the first person…if they can’t make ends meet, it’s not going to make any difference to them if the CEO gets a pay cut, the fuck do they care?
Businesses that were too successful are also called monopolies, and have a chilling effect on entrepreneurship all in their own.
Median wage in USA is about $20/h, so the actual numbers say there are a lot of people being closer to having trouble making ends meet. Even then, the ratio matters a lot. It’s the difference between “we’re all in this together” and “some of you won’t make it but it’s a sacrifice I’m willing to make”. In the latter situation there is a lot more resentment and sympathy for violence.
No, arbitrarily punishing a business for being too successful is both nonsensical, and has a chilling effect on new entrepreneurship. Also, it makes literally zero difference to someone earning $10/hour if one CEO is earning over $4000/hour, or if ten CEOs are each earning $400/hour.
Ultimately, the ratio itself doesn’t matter at all. The actual number is what actually matters. Who do you think is more likely to be more resentful, someone making $10/hour under a CEO making 50x that, or someone making $100/hour under a CEO making 50x that? Obviously the first person…if they can’t make ends meet, it’s not going to make any difference to them if the CEO gets a pay cut, the fuck do they care?
Businesses that were too successful are also called monopolies, and have a chilling effect on entrepreneurship all in their own.
Median wage in USA is about $20/h, so the actual numbers say there are a lot of people being closer to having trouble making ends meet. Even then, the ratio matters a lot. It’s the difference between “we’re all in this together” and “some of you won’t make it but it’s a sacrifice I’m willing to make”. In the latter situation there is a lot more resentment and sympathy for violence.