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Top-Paid CEOs Made More In 33 Hours Than Workers Will In 2026 (www.readthemaple.com)
submitted 9 months ago by to c/canada@lemmy.ca
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A new CCPA report found Canada is increasingly a country of exorbitant wealth alongside persistent poverty.

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[–] 22 points 9 months ago (1 child)

I think a more useful metric is how many average Canadian lifetimes of income they make a year. 

When you look at these people make 10-20x what you’ll make in your entire life, it really makes you think. 

If I were that rich I’d work like 1 year, then retire. Who needs much money? My wants don’t go that big. I think most people’s wants don’t go that big. 

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  • [–] 9 points 9 months ago

    Median wage. The average is skewed because of the very rich.

    Who needs much money?

    A lot of them, when they get money, they start moving around in circles where they look at their fortune and say "those are rookie numbers"

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    • [–] 18 points 9 months ago

    Made

    I think you mean stole.

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    [–] 32 points 9 months ago

    We need to change this. It’s time for government to stand up for their citizens. Tax the ultra wealthy.

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    [–] 32 points 9 months ago (7 children)

    CEO's wage should be capped to a Max multiple of the lowest paid worker. 10x, 20x,etc but still tied to their workers. If they want more money, pay the workers more.

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  • [–] 5 points 9 months ago (3 children)

    CEO's wage should be capped to a Max multiple of the lowest paid worker. 10x, 20x,etc but still tied to their workers. If they want more money, pay the workers more.

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  • [–] 7 points 9 months ago (1 child)

    You're not wrong, but if it's tied to the workers wage then there is incentive to increase their wage as well. At least until the next loophole is found, of course.

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  • [–] 3 points 9 months ago

    The problem is they would go full on moving to other sources of incomes as they already do for part of it today. You'd need to cap any form of incomes for it to work, that's much harder to do.  I don't think this is something that can be solved with current capitalism, sadly I don't think it'll change before it's too late. 

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