Posted on 11/23/2013 8:52:14 PM PST by Oldeconomybuyer
Swiss voters head to the polls on Sunday for a referendum on whether to peg executive pay so that bosses cannot receive more than 12 times the salary of their lowest-paid employee.
The referendum campaign was spearheaded by the Socialist Party, plus the Greens and trade unions.
To hammer their message home, the campaigners plastered Switzerland with posters showing a single hamburger next to a towering stack of a dozen, reading: "12 times more salary, that's enough".
(Excerpt) Read more at france24.com ...
Swiss CEOs are making phone calls right and left to their travel agents and head hunters. Gotta get outta here and find a free marketplace, Australia’s nice this time of year.
Wealth Inequality in America
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
https://www.youtube.com/watch?v=QPKKQnijnsM
Tell me what you think of the video.
So, are the Banksters included?
Will it apply to government and non-profits?
Will ex-US citizen Tina Turner have to hand over her cash?
Do rich people have to pay their maid, lawn guy, driver and nanny 1/12 of what they make??
They should have to! The maid works at least half as hard. We should all put on a pedometer and get paid by the step.
That’s doubtful!
Polls seem to indicate this will pass bigtime. Disgusting
steponomics
yup
The Swiss will quickly learn the meaning of “brain drain”.
>> Will it apply to government and non-profits?
Exactly.
I notice these Lefties never apply this concept to government employees.
Unintended consequences:
A CEO would fire every single janitor, secretary,clerk, low level manager and engineer. Hire a security service, janitorial service, contract out secretarial and low level engineering jobs, and retain only as employees high paying employees. Bonuses for high performers would go down and incentives and bonuses would be spread equally in order to have the low paying lower level to be as even as possible.
Result: CEO’s keep same salaries, low level employees get fired, mid level employees get ‘homogenized’. A Greek tragedy.
The article said it was NOT expected to pass but who knows.
I can see people trying this here.
I misread a (different) article about it, this one says it has 1/3 support. Good.
As for here, we have a constitution here. I know, I know.
The video is cute. It assigns theoretical economic value to “everyone” and makes no mention or allowance for the fact that a very significant slice of the US population has zero to negative “economic” value, they suck value out of the system.
Another missing item in the video is that it makes no allowance for assets - this is only income.
Sadly, this is becoming a war cry for the left and will probably become a ballot issue here.
Assets = Private Property........big No No to these people.
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