[dctoedt]

> the CEO of a non profit hospital isn’t taking home $1M/year while doctors and nursing are fighting for proper compensation and work life balance (including patient ratios).

In Houston, the renowned Texas Children's Hospital did layoffs — after paying millions to their CEO and other executives. FTA: "Over a seven-year period from 2016 – the earliest year of data published by the Internal Revenue Service – to 2022, the average pay for Texas Children’s 10 highest-paid leaders ballooned from $963,971 to nearly $2.2 million, an increase of 125%. (The latest tax filings do not reflect how much leaders at Texas Children’s earned this year, after the hospital reported major financial losses.)" [0]

The usual response defending such high compensation is something like, "We have to pay our execs so much because we're competing for talent with the for-profit hospitals." OK, one possible solution might be returning marginal income tax rates — across the board — to what they were in the 1950s. That would help neutralize the constant craving for more money as one of the main ways that execs judge their personal career success. "The top income tax rate reached above 90% from 1944 through 1963 ...." [1]

[0] https://www.houstonchronicle.com/projects/2024/texas-childre...

[1] https://www.wolterskluwer.com/en/expert-insights/whole-ball-...