alt Hacker NewsWhich is what? Because if your solution is "get rid of all C-suite executives", obviously some new person (or some new group) has to be given the final say on decisions in the company and what's to stop them from becoming corrupt or otherwise problematic?
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100% wealth tax rate past e.g. $999M -- capping wealth like a Zelda wallet -- would address a certain number of issues around the many externalities of unbounded, bottomless greed.
Mind you, I don't think that's ever happening, considering that one such issue is there's currently nothing to keep a dishonest actor who ended up beyond that threshold from spending mountains of cash (still a small fraction of the total there) toward convincing those susceptible to such that a system which permits such dishonest actors is good akshyually.
I believe they're insinuating that if we were to punish these people publicly and harshly for their crimes against the rest of humanity, then the rest of them would get a much needed reminder that they are subject to the rule of law and/or that they are made of meat.
I assume that GP speaks of reducing the salaries for C-suite to the levels they had before Reaganism? I personally suspect that this would be pretty good for companies.
Or perhaps they're thinking of nationalization, which leaves me a bit more skeptical.