San Francisco will put ‘CEO tax’ on the ballot this November

Re:San Francisco will put ‘CEO tax’ on the ballot this November by tchaffee on Sunday August 16, 2020 @12:52AM (#24175245)

Shareholders do not expect companies to be perfect. One of the reasons to be part owner is to push for improvements and to have influence.

You are wrong about detriments to society, and a simple search would have saved you. Just as one example, large income gaps are highly correlated with higher crime rates [1]. This has been shown in many studies, and across cultures. There are other negative effects as well, including both the rich and the poor being less happy. I suggest you do the work of trying to prove yourself wrong and you'll find even more.

[1] https://www.economist.com/graphic-detail/2018/06/07/the-star...

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Re:San Francisco will put ‘CEO tax’ on the ballot this November by WalterBright on Sunday August 16, 2020 @07:05PM (#24182146)

There aren't enough CEOs to make any sort of difference.

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Re:San Francisco will put ‘CEO tax’ on the ballot this November by tchaffee on Monday August 17, 2020 @05:17AM (#24185455)

Source? Because each CEO affects many people. So it sounds like you just made that up. Meanwhile, I provided a source that shows higher crime rates when there are higher wage gaps. Where are those wage gaps coming from? Please provide sources, not your own reasoning.

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Re:San Francisco will put ‘CEO tax’ on the ballot this November by WalterBright on Monday August 17, 2020 @06:46PM (#24193157)

I might ask the same of you. Please provide evidence that CEO pay is statistically relevant to "higher wage gaps"?

Amazon employs 50,000 highly paid people in Seattle alone, but only 1 CEO. Bezos' CEO pay is hardly responsible for income inequality in Seattle.

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Re:San Francisco will put ‘CEO tax’ on the ballot this November by tchaffee on Tuesday August 18, 2020 @05:20AM (#24196696)

You made the claim that "there aren't enough CEOs to make any sort of difference" so the burden of proof is on you to back up that claim. Lacking any evidence to back up your claim, the convo can end here or you can have the last word as you wish.

The SF law like most of these laws includes all forms of compensation, not just salary. Bezos total compensation over the years including bonuses and stock options is indeed responsible for the huge wage gap of almost a million Amazon employees, along with the other people Bezos encounters in his life.

And he is just one CEO. Pretty easy to see where this would lead. CEOs are indeed responsible for many of the daily wage gaps most workers experience.

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