Magazine February 10, 2020, Issue

California’s Crusade against CEOs

(Roman Genn)
Trends in household income are little correlated with those in executive compensation

As the Second Amendment protests loomed in Virginia, one Democrat in the state senate scoffed that right-wing groups were getting their members — and their donors — riled up over silly legislative proposals that were unlikely ever to become law. There is some question-begging in that: What happens at the margins of the political debate matters, and sometimes matters a great deal, because it helps to define the universe of policy possibilities.

An additional consideration is that there exists a place called “California,” which under single-party Democratic rule today functions as the nation’s great loopy clearinghouse for dotty left-wing ideas —

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