Target: David Roth, President of the Young Socialists of Switzerland
Goal: Support Swiss initiative to reduce pay disparity between CEOs and workers
The Swiss have recently proposed an initiative that prohibits CEOs from earning more than twelve times the yearly salary of their lowest-paid worker. This law will work to curb the outrageous and economically detrimental salaries that CEOs are capable of earning all over the world. These incredible salaries decimate any potential for an economically healthy income gradient and create a class of super-rich who crush the poverty-stricken middle and lower classes with the power that comes with unlimited wealth. Countries like the United States suffer from some of the highest rates of income inequality throughout the Western world.
The Swiss are attempting to end to these runaway salaries and the terrifying power that they provide by ensuring that whatever amount of money a CEO earns in a month, his lowest-paid worker may earn it in a year. This would be a wonderful achievement for social advancement and equality. The progressive initiative comes right on the heels of an earlier bill that reformed CEO pay packages and prohibited “golden parachutes,” a term that here references a policy of excessive benefits given to CEOs including severance pay, cash bonuses, and stock options.
While some companies have threatened to leave Switzerland in outrage, these are very likely empty threats because Switzerland is one of the most business-friendly nations in the world. David Roth, one of the architects of the 1:12 initiative, said, “I think it’s quite arrogant of some people to think that big companies will disappear. Big companies are not here because they can pay the managers high salaries. Big companies are in Switzerland because we create really good conditions for those companies.”
Please sign this petition to support this legislation supporting income equality, and to encourage more nations to follow suit and halt the formation of an omnipotent class of super-rich.
Dear David Roth,
I would like to support you and your fellow architects of the 1:12 initiative in Switzerland prohibiting CEOs to make more than twelve times the salary of their lowest-paid worker. This initiative is at once economically savvy and extremely beneficial to the population at large.
I sincerely hope that other nations will follow your lead and institute similar policies to halt the growth of the over-powerful, super-rich class. Income inequality has been exploding all over the world, and it’s time that we put an end to it. Please continue your efforts to promote fair and decent wages for the working class.
[Your Name Here]
Photo Credit: Victor Dubreuil via Wikimedia Commons