Saw a picture today that reminded me of this debate.
Sometimes a picture is worth much more than a statement.
https://www.facebook.com/photo.php?...51866897.95145.415088615217854&type=1&theater
Who gets to decide that these people make this much money?
The stock holders would vote no. The customers would vote no. The employees would vote no.
Just the excess of this 1 employee's pay could lift tens of thousands of McDonald's employees out of poverty.
And as far as your suggestion that I pay more... I already do. The effective rate of income tax that we pay is far greater than the effective rate of any of the 1%.
The 1% often pay far less than the rest of us on a percentage basis due to a wide variety of loopholes and classifying income as dividends as opposed to income.