Equality works best.
As our wealth gap grows, our longevity shrinks. (The biggest predictor for the health of a nation is the wealth gap. A large gap destroys social cohesion creating a ruthless and highly stressful society. Even rich people don't live as long!)
One way to create a stronger and larger middle class is to start doing something about corporate salaries. They're doing this in Europe, particularly in Holland. As the report says: "Europeans have become too accustomed to living in relatively equal societies to tolerate American-style executive pay."
You not only need a minimum wage, but a maximum wage as well.
Friday, August 22, 2008
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>You not only need a minimum wage, but a maximum wage as well
I have always thought this. Say, about $30,000 for a trash truck person or vegetable truck farmer and around $15,000 for a CEO ... less if all they do is spin derivatives out of derivatives. ;)
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