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San Francisco approves 'CEO tax', hopes to extract up to $140m a year from corps with wide exec-staff salary gap

Big_Boomer Silver badge

Which is just another way of spreading the wealth. Since the whole Bay Area is full to bursting point, they are actively encouraging companies to go somewhere else and this is just one of the ways of doing that.

Why are so many people obsessed with accumulating so much wealth anyway? What are they going to do with it? Roll around in it like Scrooge McDuck? Once you get beyond a certain point more wealth is irrelevant. I get that nobody wants to give it to the government, local or national, but how else do you expect them to build and maintain the roads that your employees use to drive to work, to operate a sanitation dept, a police force, etc.? A 40:1 ratio is obscene, let alone 100:1 or more.

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