In other words, the tech sector doesn’t have to be the poster
child of inequality’s abuses. It could actually be a role model.
Take just one potential remedy as a thought experiment. Let’s say
we decided as a society that no private company should have a pay
ratio above 40:1. That would lead to a radical decrease in income
inequality, and it wouldn’t involve a cent of additional taxes.
Every private company would be allowed to keep the exact same
portion of its income. The government wouldn’t be extracting money
out of the private sector; it would just put some boundaries on
the way the private sector distributes its money internally.
Critics would scream that such a dramatic intervention would be
terrible for business, but of course the one sector of the economy
that has already voluntarily embraced this ratio turns out to have
nurtured the most profitable corporations in the history of
capitalism. This would no doubt be fiddling with the natural
markets for wages, but we fiddle with these all the time, through
progressive income taxes, earned income tax credits, subsidies,
and tax incentives. We have a minimum wage. What if we had a