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“Let’s not play the game of five whys because the fifth why is always ‘capitalism.’” ~Stuart Langridge
Article is paywalled for me. But the ultra rich CEOs don’t receive much of a wage anyway: they draw a nominal wage and amass most of their wealth via stocks.
Because even if this was implemented, rich assholes will find ways around it.
That house? Oh it’s owned by an LLC that rents it from the company I own for $1a month, I then house sit as a second job for $1 a month.
That car? Same deal.
My internet, home phone, electricity, water, insurance and all other home expenses? Paid for by my company as part of WFH rules for executives.
I also have regular business meetings in Hawaii and other overseas locations for business purposes.