Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Danes are awash in data. Shed a tear for your own job security if there is a death in the CEO’s family.

October 23, 2019

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Australia has had a working rich for a long time now. Australian top income earners are top wage earners. They are athletes, celebrities, business executives and in the professions. Source: The World Wealth and Income Database.

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The rich in the USA long ago became a working rich; most top incomes are from wages and salaries. Source: The World Wealth and Income Database.

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I am surprised to see that Yahoo is in business much less competing for top talent. Microsoft is in decline too. Apple does not pay people as much as everybody else. Source: Paysa Company Rank | Paysa. Some other colours seem to duplicate so you will have to work out which is which by when …

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Bang Dang Nguyen and Kasper Meisner Nielsen looked at how share prices reacted to 149 cases of the chief executive or another prominent manager dying suddenly in American companies between 1991 and 2008. If the shares rise on an executive’s death, he was overpaid; if they fall, he was not. Only 42% of the bosses …

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Rising incomes in sports: Top salaries in baseball & basketball are higher than in football bit.ly/1DEfFtc http://t.co/DUyJld5iah— Max Roser (@MaxCRoser) July 21, 2015 The rising incomes of major league baseball players since 1890 Part of the inequality story in the US By @VisualEcon http://t.co/m5GgaKGwSv— Max Roser (@MaxCRoser) July 19, 2015

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Page 41 from "An Illustrated Guide to Income" more economic #dataviz at: bit.ly/11v2e9k http://t.co/7Hlgk4AjZn— Catherine Mulbrandon (@VisualEcon) May 22, 2013

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Defenders have also pointed to the pay of pro ballplayers or Hollywood stars, but they do not determine their own pay (as CEOs do) and are paid based on performance. Once they begin to fail, they are dumped. By contrast, CEO pay isn’t tied to performance in any meaningful way. Bruce Murphy – The Incredible …

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Emmanuel Saez is leading a literature showing how sensitive migration decisions of superstars are to top marginal tax rates. Specifically, he and his co-authors studied Spain’s Beckham’s law. Cristiano Ronaldo moved from Manchester United to Real Madrid in 2009 partly to avoid the announced 50% top marginal income tax in the UK to benefit from …

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Originally posted on Organizations and Markets:
| Peter Klein | As you have likely heard, Steve Jobs is taking an indeterminate leave of absence from Apple to deal with his continuing health problems. How will this affect Apple? How important is one person — albeit the founder and CEO — to a diversified multinational company with tens of thousands…

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The members of the top 1% whose income increased the most between 1979 and 2005 were real estate professionals followed by financial professionals – see figure 1. Figure 1: increase in share of national income (including capital gains) received by top 1% for each primary taxpayer occupation in top 1% between 1979 and 2005 Source: …

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