The chief executive is earning 100 times as much as me. In other companies they can be earning 200 times, 300 times the amount of the lowest paid employee.
Is this reasonable. If not, what can/should be done about it.
This is not a new phenomenon, not at all. Whilst the gap between the wealthy and the not so wealthy can expand dramatically at times, it is something people have been discussing for a long time. Plato said the following:
".. he will permit a man to acquire double or triple, or as much as four times the amount of this." (Four times the wealth of the poorest including their land and house).
Lots of people have a damn sight more than four times the wealth of the poorest. They also pay a damn sight more than four times as much tax and receive less than a quarter of the benefit. The rich tend to send their children to private school and pay for private health care. The rich would not be in receipt of welfare benefits either.
Plato cared little for how a person came by their wealth:
“.. if a person have yet greater riches, whether he has found them, or they have been given to him, or he has made them in business.”
As an aside he didn’t seem to rally against slavery:
“.. in dealing with artisans, and for payment of hirelings, whether slaves or immigrants,”.
Nor did he like the idea of joe-public owing and presumably wearing gold chains or silver pendants. Such metals were deemed in his mind, as something to be reserved for coinage only.
We can take from the rich in our country if there is the political will. The political will is found more readily if public opinion backs such a move.
Can you argue in support of wealth limits in your country whilst ignoring what is happening elsewhere. We buy clothes and food from companies located abroad that pay their workers a tiny fraction of what we earn. We pay for goods and services to companies that have chief executives earning even more than the high salaries of those in our country. We tend to ignore this though and become accustomed to buying cheap items. We depend upon the services of foreign companies. We are most reluctant to stop using them.
Is the wealth gap issue a thing of principle?
Some would rather suffer a little financially themselves so long as the rich are hammered. Though that principle only relates to the rich at home, not those abroad. Some do not tolerate others having so much more than them.
The 'Same Boat' notion; happiest when everyone else is doing as well as you.
Is the wealth gap issue a thing of rebalancing.
Take from the rich to shower on the poor. Rebalancing is easier said than done. In many cases, things that try to address the imbalance lead to less tax received and less to redistribute.
Whilst one could state the old age mantra that in a few short years the rich would become rich again and the poor would become poor again. Some would do well with the newfound capital. I suspect there would be a long period of general poverty. The fear of a second redistribution would haunt those that considered rebuilding their wealth. Investors want stability and assurances that investments are safe. To save into a pension for decades and then see it snatched away shortly before you retire would be dispiriting. Any attack on the wealth of the rich will not leave our pension pots unscathed.
Is the wealth gap issue a thing of power and control.
The few dictate to the many. To get heard one finds it more productive to use systems that the rich control and benefit from. Use another system and your voice fails to reach an audience. More ..
You try to sell your wares in your own little corner. Very few visit, very few buy anything. The alternative is to ply your trade in the mega market places. Here you sell so much more, but it comes at a cost. They don’t take a cut of your profit; they take a cut of your revenue. They profit even if you don’t. More ..
And maybe this is the answer. Take the control away from the few. This can be done with the help of the government or by collective action. Neither option will produce fast results. One must co-ordinate with others in mass civil reshapement.
One by one, we can each shift where we spend, what we use. One by one, we can build our own competing systems and businesses. Good luck with that. But that is the only thing that will ensure the wealth gap does not get worse to a point where we return to how it was in feudal times.
2nd May 2026
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