On Thu, Oct 31, 2013 at 4:43 PM, David <[email protected]> wrote:
> Some years ago I did the arithmetic for Australia. The wealth of the top > one > per cent if spread around the bottom 10 per cent of households was > sufficient to buy each of the latter a modest suburban home and a small > family car. Things have gotten worse since then and probably more so in > America. > It is not too hard to see how much difference even a modest amount of redistribution can make. Top executives routinely make 350 times the pay of an average worker. If you half the CEO's pay, you can give a 20% pay raise to about 850 of your average workers. Or better, give an extra week of vacation time to 2000 people. This is really the choice that corporate boards are making today: forcing 2000 proles to work a week extra a year each in order to give overpaid CEOs even more $$$. -raghu.
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