[Petition] Stop exorbitant CEO pay
My dad was a union machinist, and he and my mom were able to buy a home, save for retirement, and help me be the first in my family to go to college on his blue collar income. Today that's pretty hard to imagine. Instead, all the wealth goes to the top and everyone else struggles to pay the bills.
It's pretty obvious: the privileged and powerful have rigged our economy, and it's only getting worse.
In 2018, CEOs of America's 500 biggest companies averaged 287 times the earnings of their median workers — up from 20 times in the 1970s.
Hardworking Americans shouldn't be forced to live off the scraps from anyone's table. Big corporations should have an incentive to create living wage jobs for their workers, not just help their CEOs buy another vacation home.
I've got a plan to turn this around, and I am asking for your help.
My plan aims to reduce the gulf between worker and CEO pay. If a company insists on paying their CEO more than 30 times their median workers, they'll pay more in corporate tax. The bigger the disparity, the bigger the increase in their tax rate.
You and I know that, like Senator Paul Wellstone said, we all do better when we all do better. It's not good for working families or for America when all of the wealth goes to the one percenters.
Jeff
