Kevin Murray (claystorm) wrote,
Kevin Murray
claystorm

Netflix CEO's modest proposal: Tax me more!

Via CNET News & NY Times:

Reed Hastings floated a ballsy proposal in Friday's New York Times, volunteering the idea that he and other highly paid wage earners ought to pay more in taxes.

Even if it's got a snowball's chance of going anywhere for now, the idea still merits consideration.

"I'm the chief executive of a publicly traded company and, like my peers, I'm very highly paid. The difference between salaries like mine and those of average Americans creates a lot of tension, and I'd like to offer a suggestion:

President Obama should celebrate our success, rather than trying to shame us or cap our pay. But he should also take half of our huge earnings in taxes, instead of the current one-third.

Then, the next time a chief executive earns an eye-popping amount of money, we can cheer that half of it is going to pay for our soldiers, schools, and security. Higher taxes on huge pay days can finance opportunity for the next generation of Americans.
"

All this takes place against the backdrop of the president's proposal this week to put a $500,000 compensation limit on executives of companies seeking a bailout.

Read more at CNET News and/or read Hastings Op-Ed article from the NY Times.
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