To: President Donald Trump and Governor Jay Inslee
President Obama: Corporate executive pay packages must be capped.
In these stressful economic times, Americans need to stop and remind themselves of one simple fact: America is NOT broke. There is an enormous amount of wealth in this country. But there's a problem- more than 2 Trillion dollars is under the direct control of corporations, and those who own and operate these corporations. American companies are hoarding several thousands of Billions of dollars, making these gargantuan sums of money unavailable for use by society to help rebuild infrastructure, pay for universal health care, promote education, and the like. This state of affairs must be rectified.
Why is this important?
Pay and bonus packages for top corporate CEO's has escalated to the point where something must be done to reign in this blatant transfer of wealth to the already rich. The corporate boards of directors who approve these pay structures must be held accountable to society, and in addition corporations should be threatened with revocation of their charters for failure to reign in corporate pay.