Conservatives try to laugh off the idea of capping executive pay – but it’s an idea with a distinguished history
Most of our mainstream political discourse on “fighting inequality” has revolved – for years now – around the more narrow goal of eliminating extreme poverty. Few of our elected leaders ever dare suggest that maybe we ought to think about eliminating extreme wealth as well. Even the mere idea seems a laughing matter.
Congressman Keith Ellison, a Minnesota Democrat, knows all this from personal experience. Earlier this year, in a talk to the Congressional Progressive Caucus, Ellison suggested that the time has come to start contemplating the notion of a “maximum wage”.
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