Well…with the latest numbers that have come out on family income over the past couple of weeks showing that poverty and income inequality is skyrocketing in the US, and the connection between this inequality and the lackluster recovery, I think it is time to do something radical. But first let’s place the responsibility for these changes squarely where they belong, on the repub policies over the past thirty years that have resulted in the top 1% doing well and everyone else going backward. I know, I’ve railed about this before just because what I was seeing an feeling felt wrong, but with numbers like these it is time to stop nibbling at the corners and take a huge bite out of the core problems. First, I would propose an immediate change in ceo pay to 1 dollar per year and structural changes that would prevent any ceo from being compensated more than 50 times the average of the people that work for him or her…this would give them the incentive to raise all boats as the saying goes since rising pay of his workers would also raise the ceo’s pay. Second, I would propose worker representation on every corporate board to break the cycle of cronyism and incestous relationships that pervade corporate America and give all stakeholders a voice in their livelihoods….third, I would immediately raise the pay of all of the workers to the difference of the 1 dollar ceo pay proposed and what the average of the pay has been over the past 5 years….putting billions if not trillions of dollars in the hands of people that will spend it and giving a huge boost to our manufacturing and service industries; creating a truly self-sustaining recovery that will be spread across the economic spectrum….
Okay, I know this is really quite radical and will be branded as socialist, communist, and maybe even Martian…but, what we are currently doing is not working due in large part to the desire of the repubs to ensure that Obama doesn’t get a second term….so we need to do something new…