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by mathiasben
2941 days ago
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Certainly during the biggest period of US wage growth ushered in by the Internal Revenue Act of 1954. Income in excess of $400K/yr taxed at 90% ensured that businesses invested as management and shareholders weren't permitted to capture earnings. |
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It also helped that the world was destroyed and the US was the only developed country with sufficient manufacturing capacity. High taxes or not, that sort of environment is not going to happen anytime soon.
>Income in excess of $400K/yr taxed at 90% ensured that businesses invested as management and shareholders weren't permitted to capture earnings.
But CEOs and executives rarely have high income/base pay. They're incentivized by the owners of the company via performance linked bonuses, payment via stock options, long term incentive bonuses, etc.