Interestingly, most CEOs don't say they believe they morally deserve to be paid enormous sums. On the contrary, many say the gap should be smaller. But they are accustomed to receiving high pay offers, for practical reasons that the article explains, and they don't insist on being paid less than that.

What should society do about this? We could ask investors, executives and directors to consider making executive salaries smaller. But the same factors that have made executive salaries so high are likely to make that request ineffective.

I suggest we instead increase the tax rate on high incomes, and close the loopholes that they use to avoid taxation entirely. It is the obvious solution that many people don't consider because plutocratists have smeared it.

How about the restoring the Eisenhower income tax?