The data presented in a recent New York Times article entitled “Where Pay for Chiefs Outstrips U.S. Taxes” is incredible (and yet somehow not very surprising):
At least 25 top United States companies paid more to their chief executives in 2010 than they did to the federal government in taxes, according to a study released on Wednesday.How can the corporate sector maintain any credibility in the face of these data. How disillusioned must the public be not to see or do something about this problem? Even if someone did actually believe the trickle-down claim that keeping the corporations wealthy will eventually raise the overall wealth of the citizens, still one would have to acknowledge or realize that maximizing executive wages to levels higher than the paid taxes will definitely not do the job. This money is not reinvested in corporations to create more jobs etc. It is basically just theft from the citizens of the U.S.
