While Seattle’s Councilman Kshama Sawant considers a minimum wage of $15 and a tax on our über wealthy, the Swiss bourgeoisie have rejected a measure that would have restricted executives to 12 times the earnings of the lowest paid employees.
The initiative was place because of widespread public anger about Swiss executives earning hundreds of times the wages of their employees. The conservative government argued that such severe salary restrictions would undermine the Swiss economy and deter foreign investment.
In the meantime we have the Boeing blackmail. Boeing is going to literally have a bidding war to see how much different US state are willing to tax themselves to host a move of Seattle’s iconic jobs to someplace where the airplane firm can mooch off of other states to cover the costs of educating its employees and defending its capital against socialist interlopers like Airbus and China.
Of course the über wealthy burgers of Suisse understand this game best of all. They live in a country built not on making things but on hiding other folks money. Maybe that is what Sawana should do … combine a %15 minimum wage with secret bank accounts!