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Mark Cuban thinks we should end exorbitant pay for executives.
“I would create tax incentives for companies that rewarded all of their employees with a pari passu-type ratio of stock rewards to income,” he said on a recent podcast. “If the CEO gets $100,000 worth of stock and makes $1 million, that’s 10%. The person working the front desk who makes $40,000 gets 10%. I think that’s the path to income equality.
“You have to increase people’s asset base in order for them to have assets that appreciate and keep up. Because if you don’t have assets that appreciate, you can’t ever keep up.”
If all employees earned the same percentage of stock relative to their salary, wage inequality would be eradicated.
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