A CEO tax on inequality

    Last week, a committee of the California Senate not only talked about economic inequality - everybody's doing that - but actually did something about it. By a 5-to-2 vote, it recommended to the full Senate a bill that would cut the state's taxes on companies with lower ratios between their chief executives' pay and the pay of their median workers, and raise taxes on companies with the kind of insanely high gap between chief executive and median worker pay that has become the norm in American business.

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