Portland, Oregon, has instituted a first-ever tax on corporations that pay their CEOs more than 100 times as much as their workers. Econ4’s Doug Smith told the Portland City Council:
“Instead of building a real economy beneficial to all, these unethical pay practices spread outsourcing, offshoring, tax avoidance, downsizing and the substitution of good-paying permanent jobs with temporary, precarious employment.”
Read about it here.
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