Note to Self: Modern Monetary Policy
Teresa Nielsen Hayden Thinks John McCain Is Unqualified to Be President

Note to Self: High-End Compensation Reform

A possibility:

  • A 100% tax on all personal compensation over $1 million a year that does not take the form of restricted common stock in the entity issuing the compensation, untradeable for ten years.
  • A 100% tax on the sale of and income from all securities derived from stock options paid as part of compensation where the underlying was worth less in inflation-adjusted dollars when exercised than when written.