Like, just as a thought experiment how bad does it need to get before there is change?

When someone becomes the world’s first trillionaire? Whatever is even after trillionaire? I assume there’s a line somewhere.

This is the best summary I could come up with:

The CEOs of more than 300 publicly traded health care companies collectively raked in $4 billion last year as Americans struggled under high inflation, according to an analysis by Stat News.

Moderna’s Stéphane Bancel made $398 million in 2022, which equaled the total pay for the next six highest-paid CEOs in the biotech and pharma sector, according to Stat’s analysis.

Lawmakers, especially Sen. Bernie Sanders (I-Vt.), have lambasted Bancel and the company for the move, calling it an example of the “unprecedented level of corporate greed” in the pharmaceutical industry.

In a congressional hearing in March, Sanders highlighted that Moderna created its vaccine in partnership with the National Institutes of Health and received $1.7 billion in federal grant money for clinical development.

Though Veeva itself generated just around $2 billion in its last fiscal year, CEO Peter Gassner took home $308 million, nearly all of which was from long-held stock that vested and was exercised, Stat notes.

Third down the list of highest incomes was that of the CEO for Molina Healthcare, a health insurance company that gets more than 80 percent of its revenue from state Medicaid programs, Stat reported.

The original article contains 499 words, the summary contains 191 words. Saved 62%. I’m a bot and I’m open source!

All income over 10m should be taxed at 100%. 10m is a shit ton of money, nobody needs even a fraction of that amount. You would still be mega rich with 10m a year.

If you want a mega-yacht, get a mortgage like the rest of us. Or rent one for a couple of weeks a year.