And so he wants some sort of legacy: Tax The Rich. There's a unique idea.
The proposal, sources tell WW, calls for imposing a 10 percent surcharge on corporations that pay their CEOs 100 to 250 times what they pay a typical employee, and a 25 percent surcharge on companies that pay their CEOs more than 250 times what they pay a typical employee.
Well, it must be admitted that CEO pay is in many cases beyond the pale - Sen. Manchin's daughter is bringing down $18 million a year as CEO of Mylan, and the only things she's ever done are lobbying and jacking up medication costs. So Shorty's got a point, but there aren't that many CEOs in Portland who would be subject to that proposed set of surcharges, and they'd probably just move to Clark County, Washington if he managed to push it through. He's clearly getting desperate, wants to be seen as a populist fighting for the little guys, yadda yadda.
Unfortunately, his opponent in the election is even farther to the left, and there's little question that, given the low-info voters in Portland, she's likely to win.
