Originally Posted by kael03
Altering how taxes are set up is one of the easiest ways to help a budget. A fixed percentage to individual taxes (instead of the variable one that the United States has) would make things far easier. As it is, the more you make the less the government takes, or some shit like that. I'm unemployed right now and am not subject to the fucked up tax system our nation has.
It's actually the opposite. The more you make the higher percentage they take. To me this seems to punish success rather then encourage it.
Also, and this would cause a huge outcry from the top 1%, placing a cap on CEO salary rates seems like a good idea. I mentioned this before, as well. More money can flow down the corporation to increase pay rates among the general workforce. It can be committed to resources used in manufacturing goods which would, in turn, cause prices to drop on finished goods and stimulate the economy.
I don't get how people are making more money than the President. Aside from Obama, who has a supplementary income due to royalties from some books he wrote when he was a Senator, the President makes ~$400k each year he's in office. After leaving office the President gets a "retirement package" consisting of his own Secret Service and ~$180k (I think). I don't see why people are making more money than one of the most powerful people in the world.
I personally don't care what these CEO's make as long as they're doing their jobs. I see no reason to interfere with how much they make. In the end they have to answer to their stockholders. The government definitely needs to do a better job at regulating the industry, and provided investors with a clear picture of how their company is doing. As long as that is accomplished it's up to the investors what kinda of policy they make. I doubt they would have a "don't give a fuck" attitude when they have their own money at risk, and the CEO's salary will reflect just how much they think he's worth. Most CEO's make more money from actual bonuses then base salary, so that's another incentive for having a solid company that does well. Personally speaking, I have a 401K plan, and as long as I'm doing well, the people that are making me money should do well too.
As for Obama's salary, I don't think it's really relevant. Money already has too much influence in Washington as it is. We don't need politicians with inflated salaries. It would make things far worse.