The wildly excessive salaries suck too much money out of circulation. Conservative rule is CEO makez no more than 7 to 10 times that of line worker (or equivelent). Someone staring their own business and taking risks does not apply. And I never said min wage does not transfer jobs to areas that pay less.
You are totally wrong. By what authority are you to decide how much a CEO is allowed to make? Those CEOs don’t take the money and stuff it into their mattresses. They spend it on things that most people can’t afford and those things are usually made by skilled craftsmen which gives them a job. Your plan would put them out of work.