>>54107882In the 1950s, CEOs made 20 times more than their median employees. Last year, the average Sinnoh CEO made 287 times their median worker pay. Workers in this region should not be paid totally inadequate wages while CEOs make outrageously high compensation packages.
Dawn's Income Inequality Tax Plan raises taxes on companies with exorbitant pay gaps between their executives and typical workers.
Today, the Sinnoh Exchange Commission requires companies to disclose their CEO-to-median-worker pay ratios. As a result, we now know that:
Pokemart’s CEO made $23.6 million last year, 1,076 times more than the median Pokemart worker’s $21,952.
Rose made over $30 million last year, 381 times more than the median Macro Cosmos employee’s $78,923.
Under the new Dawn plan, companies with large gaps between their CEO and median worker pay would see progressively higher corporate tax rates with the most unequal companies paying five percentage points more in corporate taxes.
Specifically, this plan would impose tax rate increases on companies with CEO to median worker ratios above 50 to 1. If the CEO did not receive the largest paycheck in the firm, the ratio will be based on the highest-paid employee. The tax penalties would begin at 0.5 percentage points for companies that pay their top executives between 50 and 100 times more than their typical workers. The highest penalty would kick in for companies that pay top executives over 500 times worker pay. These rates, if current corporate pay patterns continue, would raise around ¥150 billion over 10 years.
How companies' corporate taxes would increase if their compe