Economic Inequality

Bill would tax companies with wide CEO-worker pay disparities

|
()

California companies pouring big cash on their CEOs may be forced to tighten the spigot under a new bill that seeks to limit CEOs paid excessively at the expense of their workers.

Senate Bill 1372, authored by state Sens. Mark DeSaulnier (D-Concord) and Loni Hancock (D-Oakland), would increase taxes on companies with wide disparities between CEO and worker pay, and give a tax break to companies with a low ratio between CEO and worker pay.Read more »

Proposed food voucher pilot program could feed thousands of hungry San Franciscans

|
()

A pilot project to fund healthy fruit and vegetable vouchers for food insecure San Franciscans was proposed at the Board of Supervisors Neighborhood Services and Safety Committee hearing last Thursday. The innovative solution would bridge a startling hunger gap affecting thousands of Social Security beneficiaries, often seniors and families, who have little to no access to healthy food. 

Sup. Eric Mar called for the hearing on food insecurity, and afterward promised a bevy of solutions to address hunger. Read more »

$3,000 an hour -- is that fair?

|
()

Does anyone really think it's ok for the average CEO to make so much more money than the average worker that a person earning the median income in this country would have to work 244 years to earn what the median CEO earns in a year?Read more »

Lee shows his pro-biz chops, but how is his balance?

|
()

Mayor Ed Lee is on the roll these days, with a string of recent pro-business successes capped off by today's announcement that the Golden State Warriors are moving to San Francisco and building a new arena at Piers 30-32. But Lee faces a series of tricky balancing acts in the coming weeks as he tries to compensate for his strong economic development focus, which is driving up residential and commercial rents and threatening the city's diversity and livability.Read more »

Economic and social equality: WTF?

|
()

Fascinating oped piece in the Oct 23 New York Times by Alexander Stille about economic and social equality. He starts right out with the issue:

It's a puzzle: one dispossessed group after another — blacks, women, Hispanics and gays — has been gradually accepted in the United States, granted equal rights and brought into the mainstream.Read more »