The Return Of Great Paying Jobs

       I think everybody understands that the Great Recession hurt the poor and middle class the most. And the recovery has benefited the wealthy far more than the rest of us. Now I've got a solution to that situation. My plan can raise the income of the poor and middle class and put most people back to work. All those great paying factory jobs will return. It will even allow the wealthy to continue to prosper.
       So what's this magic formula that will accomplish this feat? Well let me explain, but first a little history. Thirty or forty years ago, CEOs got paid about twenty times what their average employees made. Now-a-days they make over 200 times as much and many make far more than that. In order to justify these fantastic paydays, corporations have moved jobs to China, Bangladesh and a variety of other locations. Then they started moving, at least on paper, their headquarters offshore.
       So let's do a couple of things. Let's put a ceiling on the amount execs can earn over the average employee, say fifty times the average. How will that help? When a CEO realizes his pay will be determined by how much his company is paying some Bangladeshi slave laborer, he's gonna want to move that operation back to a higher paying America, or leave America all together.
       Secondly, eliminate the corporate tax completely. Then add a tax on the profits on every single product or service at point of sale. In other words, any corporation, no matter whether American, international or foreign, would have to pay a tax on the profits of any product sold in America. It would put all our corporations on a level playing field with any outside company. Maybe better because other countries do charge an income tax on their corporations. We'd just have to make sure companies couldn't hide their actual profits from our IRS.
       Remember, America is the largest and wealthiest marketplace in the world. No company is going to turn their backs on that market for long. And if they do, there'll be lots of competitors ready to take their place. The only problem with my plan is that all the world's CEOs will be against the idea. Because it means their income will be lowered. So they'll lobby Congress unto death. And no Senator or Congressman will be able to withstand the onslaught of all that free money.