Biden Budget Pushes Back Against CEO Pay-Inflating Buybacks
The proposal includes restrictions on insider stock sales and an excise tax designed to dampen the buyback spree.
The proposal includes restrictions on insider stock sales and an excise tax designed to dampen the buyback spree.
If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $61.75 today.
The recommendations would reduce inequality by setting high-road standards for federal contractors, closing tax loopholes for the rich, canceling student debt, cracking down on price-gougers, and building worker power.
Enterprises that tolerate huge pay gaps “succeed” not by empowering employees, but by building and wielding monopoly power.