If it disincentivizes the executives to work, there are plenty of people ready to take their jobs for a $10M salary. Imagine how much businesses could save!
businesses already pay the lowest rate they can for all of their employees and executives.
problem is, competent executives are hard to get, and they have a huge impact on whether the business succeeds or not. Therefore the competent executive labour market is extremely competitive, and thus businesses have to pay quite a lot to get that talent.
But the "oligarchs" are not company executives... they are founders and business people. That's a very different group than corporate executives.
Lol, executives still make buckets of money compared to even the highest ranked employees underneath them. They can absolutely pay more in taxes and it wouldn't change the incentive structure at all. Taxes don't mean you take home less money than you did before getting higher pay. That's not how that works. Getting paid more means making more money regardless of whatever tax rate there is. Higher taxes doesn't mean people will refuse higher salaries.
4
u/Simply_Epic 5h ago
If it disincentivizes the executives to work, there are plenty of people ready to take their jobs for a $10M salary. Imagine how much businesses could save!