re: #174 No Malarkey!

I recently read that if you have an income of $8 million, that’s enough money to pay other people to do all the tedious chores we don’t like, live in a nice home, take dream vacations, and otherwise maximize your happiness. Every dollar above that is just running up the score.

The difficulty is in enforcing that. What defines an “income” of $8M? CEOs are paid in the low 7 figures (looks like the median CEO is around $3.5M/yr in raw cash), but make far more than that in bonuses, options, and other benefits. The interplay here is just frustrating to work through. Yes, I want employees to have incentive to materially contribute to the company bottom line (bonuses). Yes, I want employees to be invested in the future of the company (stock options, ESPP). I don’t want the fabulously wealthy to be able to abuse these mechanisms to hide income and place themselves far above the ordinary man in the warehouse or data center.