simplicity is progressive tax - Comment - Israel News | Haaretz Daily Newspaper
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    • isaac
    • 02.08.13 | 08:43 (IDT)

    It would be strange if the government will evaluate performance of each company to determine salaries. We know averaqe Israeli salary, mutiply it by 25-40 times with the rest subject of 90% progressive tax. All CEO's salaries must be published yearly by all papers. To cut the insane financial speculation the best would be to introduce fees per each transaction plus progressive tax on profits from all securities held for less than one year. The false assumption that money makes even more money is a lie. At this time, economics isn't science, and so-called economists are sharlatans and shamans, including Nobel laureates.

    from the article: The NIS 3 million question: How much should Israeli executives earn?
    First published 08:44 02.08.13 | Last updated 23:51 01.08.13
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