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Israel capped CEO pay for banking execs at $1 million. Its unique experiment could work here, too
Friday, January 14th, 2022
Over the years, the ratio between those who hold the top jobs and regular employees has gone up tremendously. Justifications for this were always based on arguments that CEO pay is set in a competitive market. The reality, however, is different. CEO pay has no equilibrium and continues to ratchet up endlessly… For too long we’ve been brainwashed by free-market myths about CEO pay. The natural experiment in Israel has refuted them.
Tags: economy, ideology, privatization, standard of living, tax
Posted in Debates | No Comments »
PM’s COVID-19 aid underlines the potential benefits of universal basic income
Sunday, April 12th, 2020
As Annie Lowrey highlights in her book “Give People Money,” UBI would “ensure that every person had some minimal level of capital and, thus, some minimal level of choice.” This is extremely important for the well-being of society… The economic right, on the other hand, sees UBI as an opportunity to get rid of governmental bureaucracy and inefficiencies. It views UBI as a way to replace existing allowance programs, tailored over many years, with an efficient, one-cheque solution.
Tags: economy, featured, globalization, ideology, participation, poverty, standard of living
Posted in Social Security Debates | No Comments »
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