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0xd34d10cc t1_j5spxbg wrote

Reply to comment by Adventurous-Text-680 in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly

Holy shit. You spent too much time explaining to me what I already understand.

> CEOs already have lots of capital and prefer stocks to cash because it's taxed less. Plus already being rich means they can borrow against their assets to avoid most taxes.

That's the reason why CEOs are compensated with stocks. They already rich enough, so they can take more risk and get a better reward as result, which becomes a self sustaining feedback loop.

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Adventurous-Text-680 t1_j5tictf wrote

You disagreed with my statement that most low wage workers wouldn't want most of their compensation as illiquid stocks because they don't have enough capital. You don't understand this because you are actually agreed with my assertion. You seem focused on ceos instead of the needs of the worker.

The only way to impact CEO compensation in a positive way would be to come up with better tax schemes for the ultra wealthy so that money can be used to help those who need it. Increasing minimum wage is better than trying to limit CEO compensation. It's more direct in trying to help those employees not making a livable wage.

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