California wants to tax companies for executive pay ratio

Re:California wants to tax companies for executive pay ratio by sokoloff on Saturday January 18, 2020 @06:13AM (#22083780)

I'd expect movement of capital away from that economy and a 20+% recession in that economy.

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Re:California wants to tax companies for executive pay ratio by rorykoehler on Saturday January 18, 2020 @08:12AM (#22084245)

Where would capital move?

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Re:California wants to tax companies for executive pay ratio by stickfigure on Saturday January 18, 2020 @11:15AM (#22085185)

Anywhere? Panama, Cayman Islands, bitcoin, foreign real state, gold... take your pick. Wealth is pretty fluid these days, even for people who live under Chinese-style capital "controls".

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Re:California wants to tax companies for executive pay ratio by rorykoehler on Sunday January 19, 2020 @01:38AM (#22089842)

Tax evasion is not a valid answer. The others are issues though gold would be subject to the same taxation. Moving money abroad is a major issue but its already a major issue (see apple in Ireland or Chinese in Australia).

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Re:California wants to tax companies for executive pay ratio by AdrianB1 on Saturday January 18, 2020 @09:09AM (#22084505)

If that is the only argument, it does not hold.

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Re:California wants to tax companies for executive pay ratio by rorykoehler on Saturday January 18, 2020 @10:58AM (#22085067)

I'm not sure if you are replying to me or the parent but I'm asking a genuine question. If capital needs to move from investments where would it go?

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