We canโ€™t go on like this.

In just two days, the average FTSE 100 CEO has made a median workers full time annual salary.

The right calls this โ€œwealth creationโ€.

Itโ€™s wealth extraction.

Time to tax the rich.

@highpaycentre.bsky.social

highpaycentre.org/fat-cat-day-2026/
56
26
2058
I can only think that they must work very, very hard.
0
0
1
๐Ÿ’ก light bulb moment: Create a corporate tax system that reduces tax on the CEO if his/her earnings remain proportionate to the lowest paid full-time worker, thus ensuring a rise in lower paid earnings, because rich folk don't like paying tax.
0
0
0
Need a pithy response to 'That's the politics of envy'
0
0
0
No doubt most have moved to Dubai (or similar)
0
0
1
Of course they don't actually "earn" it (as the original article states) - they are merely in receipt of that money!
0
0
1
What kind of annual salary would be considered a high wage?
0
0
0
Fun facts:
- There is no correlation between CEO pay and wealth creation in the economy
- There is no correlation between CEO pay and CEO performance.
- It is not possible to tell whether a specific CEO improves company performance compared to random chance
3
0
27
Another โ€œfunโ€ fact (that keeps me awake at night)

Food banks subsidise their profits and CEO bonuses
0
0
2
Wat I like about DAF is that they only had three CEO's since 1965. en.wikipedia.org/wiki/DAF_Trucks
0
0
0
It is possible to show that highly paid CEOs correlate strongly with:
- leaving companies just before it is going to fail anyway
- incurring massive debt to boost share prices
- spotting companies that are due to rise back to โ€œthe meanโ€ and joining them as they naturally rise
2
0
17
Stop being so disingenuous Zack ! You're all talk but don't want to acknowledge what this Labour government have put in place ๐Ÿ‘‡
1
0
2
**Block/mute centrists and move on. We don't have time to get bogged down arguing with fundamentally dishonest/delusion people**
0
0
0
Thatโ€™s what #brexit built.

With Brexit, London conveniently dodged the of incoming European restrictions on banking risks. Risks identified as causing the banking disaster.

But big banking, millionaire Nigel Farage wants you to think it was stop small boats.

That ship has sailed.
0
0
2
Time to tax the rich....

but how? We have too much diagnosis and not enough action
0
0
0
No one in a company should be paid more than 10x the lowest paid directly or indirectly employed worker
0
0
11
Imagine if we set a Veganuary style challenge to avoid spending within the FTSE100 for February. Exclusively spend with local businesses who actually pay their taxes for 4 weeks ๐Ÿค”
0
0
0
End tax havens.
0
0
1
Every FTSE 100 CEO is on the same reward as a median worker.

Remuneration in excess of the median, taking into account qualifications, experience & accountability, can really only ever be called (with tongue in cheek) windfall.

One windfall is lucky; regular windfalls, hoarded, are shady loot.
0
0
3
It's called class struggle, and Americans don't see it.
0
0
0
That's across the river from me!

As yet no trickle down๐Ÿ˜๐Ÿ˜Œ
0
0
0
"Our calculations have assumed that CEOs work 62.5 hours a week based on previous studies documenting this. Excluding weekends and bank holidays, this equates to hourly pay of ยฃ1,353.23 per hour on the basis of ยฃ4.398 million average CEO pay. "
๐Ÿ˜ฒ

How is someone worth ยฃ1,353.23 per hour?
0
0
4
Zac,the rich are being taxed ffs you should know this and probably do but shout it anyway.
Youโ€™re showing yourself to be untrustworthy,unreliable and downright stupid.
Iโ€™d have more respect if you acknowledged the government on this and had more policy on it but you donโ€™t.
So shut up.
1
0
1
It is ๐Ÿ‘๐Ÿ‘
0
0
1
They're doing better than my pension, for sure.
0
0
0
Id call it theft.
0
0
0
Instead of trickle down bullshit. How about the fountain system with money . It gets pumped up from the bottom, then recycled
1
0
7
Erm cos there's nothing at the bottom to pump up.
1
0
2
The whole economic structure is warped. It's absurd that these people extract so much - there is no way their contribution adds more than a fraction of the value of the orgs. Having a cap on the difference in pay between the top and bottom earners would also lead to a massive redistribution of ยฃ.
0
0
1
Also the right will say look at the poor itโ€™s always their fault
0
0
1
Organisations shouldnโ€™t pay less tax as proportion of their income as a doctor.
0
0
2
Power over people and money is all they think about. Also owning the western hemisphere.
0
0
3
Iโ€™m sure the TaxPayers Alliance will be all over this calling for fairness in taxation - which Iโ€™m sure thatโ€™s what they stand for ?
1
0
4
Don't hold your breath.
0
0
1
Marxism was also good at the diagnosis (even if it is as plain as the gap in your teeth) ..

but equally shaky on what to do about it...
0
0
0
and tax wealth
0
0
0
Hardly a shock in our rigged economy. The US doesn't create wealth globally: it extracts it. When will we stop kowtowing to this pirate nation under the leadership of a vacuous moron?
0
0
13
Well said Zack
0
0
4
A nice regulation would be that the highest paid person in a company can only earn 200x the wagest of the lowest paid.

If the boss wants a rise then everyone else gets one, too.

If your poorest employee is being paid 15k then the most the boss can earn is 3M which would still seem ample.
0
0
1
In actual fact its already too late. We've allowed the rich to accrue so much wealth they can just coup the country if we tried to tax them more.

The solution will require a far more *direct* approach than policy and taxation changes. And that will need all of us to stand together against them.
0
0
2
If it was creating wealth, fat cat day would come later each year and not earlier.
0
0
5
Keep doing what you are doing but please give visability to more Greens as I do not have a clue who would help run the country were you to win.
1
0
1
Policies like landlord abolition give me hope. Taxing the rich is essential, but cutting off their means of hoarding wealth could mark a fundamental change in how society works and how we live. ๐Ÿ’šโœŠ
0
0
0
With suspicious minds?
1
0
2
With its famous refrain "we can't go on like this"
0
0
3
Socialism or barbarism โœŠ๐Ÿ’š
0
0
6
We also need to stop taxing profits of big companies, & instead tax turnover. Profit can be hidden easily, as I see everyday when I look at company accounts. Applying a small tax to turnover for companies with a turnover above ยฃ500m which account for just 0.2% of UK companies, would be a lot simpler
2
0
36
Excellent suggestion, Nick!
0
0
1
I agree. Particularly for foreign registered companies: it would stop the intellectual property wheeze, to shift profits. We should tax the oligarch tech-bro companies on turnover, in particular.
0
0
17
Language is very important and โ€˜tax the richโ€™ doesnโ€™t cut it. Rich could be defined/perceived as anyone not poor. Please be specific. EG Increase taxes on those earning more than ยฃ1M pa &/or wealth more than ยฃ100M (other numbers are available!)
0
0
3
Itโ€™s indeed very sick. These people have some sort of mental affliction (defect) if they think that is acceptable for the average human.
Shouldnโ€™t they be treated for that mental defect?
0
0
2
How much tax did they pay?
0
0
0
The wealthy are simply sucking us dry, it's as clear as that, the more they squirrel away, the less the rest of us have access to via our vital services and infrastructure. Neo Liberalism is literally killing off the most vulnerable around the globe. Eco socialism will rebalance this injustice.
0
0
17
Remember when they called themselves "job creators"? Now with their AI fever dreams they aren't even pretending to that canard anymore.
0
0
4
If it only were the money - it is power as well.
This is a kind of decadence. The inherent tendency of capitalism to power and wealth concentration is leading to inefficiency and skewed flow of production.
0
0
2
When that trackle-down starts to happen we'll all be quids in ๐Ÿคฃ๐Ÿ˜‚ but yeah this can't go on
0
0
0