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"Significantly less money for CEO's and senior directors will allow for small but widely dfistributed increases in remuneration for middle and lower ranking staff. This measn they will pay more tax, in aggregate".
If, typically, the CEO's are on a marginal tax rate double that of lower ranking staff, then redistributing income in this way would halve the tax take, not increase it.
On wage ratio policies
Jeremy Corbyn’s call for “some kind of high earnings cap” on high pay has its flaws. But it’s potentially a good idea. The first flaw in it is that it’s lousy presentation, and suggests Corbyn’s team have learned little from behavioural economics. A wage ceiling allows lackeys of the rich to whi...
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Jan 11, 2017
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