How Much Is Too Much?

The Supreme Court is going to take on the question of just how much money is too much to be earned as corporate compensation this coming week. My guess is that the conservative court will do the neo conservative (neo liberal, that is) thing and drop the ball. (See The Washington Post story.)

Ever since pro athletes have started to make massive wages, Americans have been outraged when someone other than themselves is paid millions of dollars a year to do something that doesn't save lives.

The easy answer, of course, is for politicians to "man-up" and do the one thing that makes the most sense: raise the income tax rate to 90 percent on all compensation, including stocks, over a level that is determined to be excessive, say one million dollars per year, if you want to be generous.