The Institute for Policy Studies 2016 Executive Pay Reform Scorecard – part of the latest edition of the IPS annual Executive Excess report – evaluates an extensive list of creative and practical proposals for reining in excessive executive compensation.
Over 20 years ago, Fortune 500 CEO Harold MacInnes pledged not to take in pay any more than 14 times what his workers were making. A new UK CEO pay report has now placed back on the table the notion of capping executive compensation at a multiple of worker pay.
More than enough, the latest statistical evidence suggests, to warrant a full-fledged federal search. A new banking law in effect this month, the Foreign Account Tax Compliance Act, has the potential to start that search in the right direction. But obstacles remain.
In the fierce debate over our top-heavy distribution of income and wealth, egalitarians have vanquished both inequality’s deniers and defenders. Now the debate is shifting to the most pivotal question of all, thanks to a new book from the French economist Thomas Piketty.
Do American taxpayers really have to line the pockets of billionaires — and Wall Street banking giants — to help states and localities improve their infrastructures? Of course not. But they do. And this generosity toward America’s richest is costing Americans billions every year.
America’s top corporate executives love lecturing the rest of us about ‘fiscal responsibility.’ They want us to expect less from government. But they expect more, and a new report on the chief executives campaigning to “fix the debt” shows exactly how they’re getting it.
Almost every single U.S. state has seen a significant growth in income inequality since the late 1970s, documents a new study from two leading Washington, D.C. think tanks. But states, the study stresses, can take equalizing action even if the federal government doesn’t.
The U.S. Senate Budget Committee February 9, 2012 hearing on “Assessing Inequality, Mobility, and Opportunity” featured testimony from Institute for Policy Studies analyst Sarah Anderson. In her remarks, Anderson showcased how excessive corporate executive pay has turbocharged the gap between America ultra wealthy and everyone else.
In this TEDxHampshireCollege talk, Chuck Collins, the director of the IPS Program on Inequality and the Common Good, discusses an economic and moral rationale for increasing taxes on the wealthy.
TED Talk: We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.
Some of America’s most flush corporations are demanding a tax holiday on their profits sitting offshore. In 2004, 58 corporations that benefited from a holiday slashed a total of nearly 600,000 jobs through layoffs while they collectively saved $64 billion from what they otherwise would have owed in taxes.
But we’re not broke. Not even close. The United States of America is awash in wealth. Our corporations are holding record trillions in cash. And overall individual wealth in the United States, the Credit Suisse Research Institute reported this past fall, has risen 23 percent since the year 2000, to $236,213 per American adult. Video […]
Over the past 20 years, the UN Human Development Report — an effort to compare the world’s nations not just on economic growth, but health and education as well — hasn’t taken income inequality into account. The new 2010 report does. Check out the report and this appraisal of its significance.