Dean Baker for Truthout: Republicans are up in arms against making it easier for workers to save for individual retirements. The GOP is rigging the system to transfer tens of billions of dollars a year from ordinary workers to their rich friends.
Ordinary US taxpayers are subsidizing excessive CEO pay through a variety of channels. These five reforms could help end these perverse incentives for executive excess.
Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.