Interested in the economy?

Sam Pizzigati, author of Greed and Good and editor of the online weekly Too Much, recently alerted me about the Income Equity Act, proposed by Barbara Lee, about which he explains …

This precedent-setting bill would, if enacted, deny corporations tax deductions on any executive compensation that runs over 25 times the pay of a company’s lowest-paid workers.

This legislation is related to the idea of a maximum wage, which I touched on in Everything Must Change. It turns out, I learned from Sam, that Franklin D. Roosevelt “actually proposed what amounted to a maximum wage in 1942.” If you’re interested in learning more, Sam’s complete book is available for online reading here.
The idea of maximum wage theory might seem strange, but perhaps less so if you read the Apostle Paul’s words here ….

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