/r/50501 Mirror

Never work. There are too many ways around "compensation".

For example, the company purchases a piece of art from the CEO's wife, to display in their lobby. That wouldn't be considered compensation for his "services" as CEO.

No, the tax structure is a better option. Close the ability for them to invest their excess income in financial assets. Allow them to reduce their taxable income through deductible expenses for tangible goods and services. Crawl up their asses when they try to justify objects with intangible value like artwork, but look the other way when the purchase is of a product or service produced by workers.

I'd impose a securities tax as well: tax a percentage of all registered securities, payable in shares of the security. Transfer the shares to an IRS liquidator, who sells them off slowly over time. Limit the liquidator to a maximum of 1% of total traded volume to minimize the effect on the market price. Exempt the first $10 million held by natural persons from the tax. Suddenly, nobody wants to hold more than $10 million in shares.