State comedians like to say "Let's tax the rich more!" They're missing an important point. The whole point of the State is to enable insiders to steal.
Most insiders are negative taxpayers. The value of State subsidies is more than the value of any tax they pay. If someone is an insider and a negative taxpayer, there's no point raising their tax rate. If someone is negative taxpayer, the fact that they pay taxes is an illusion.
Who decides how much a CEO gets paid?
CEO: How much should I get paid?There is no free market for CEOs and for CEO pay. It's a game that insiders play with each other.
Board of Directors: How much do you want to get paid?
In a really free market, if a CEO were overpaid, then competitors would compete and offer a cheaper price or better product. In the present, large corporations have a monopoly/oligopoly. If the CEO is overpaid, the cost is passed on to customers as higher prices. There are State barriers to competition.
A CEO is not chosen via a free market process. A CEO is good at playing political parasite games. Most CEOs could not build a successful business themselves in a really free market. They are chosen to lead a business that already has a State-backed monopoly.
Even "heroes" like Mark Zuckerberg and Steve Jobs earned their position by using parasite skills to manipulate others. They probably wouldn't have been able to build a successful business without the State.
If the CEO's tax rates are raised, then he can just raise his salary to compensate. He's a negative taxpayer.
Besides, most CEOs get paid via option grants and equity grants. Those are taxed *MUCH* more favorably than ordinary income. Also, insiders use trusts to dodge taxes.
"Tax the rich!" hurts successful small business owners. They are net taxpayers. Via income taxes, a small business subsidizes his larger corporate competitors. Via estate taxes, the small business owner is forced to sell to a larger corporation when he dies.
"Tax the rich!" is an evil fnord. Most insiders are negative taxpayers. Higher taxes hurt successful small business owners and professionals. Productive workers actually pay the higher tax rate. If someone is an insider and a negative taxpayer, it's a farce to pretend to raise their taxes.
There's an important fallacy. Some people make money via political connections. Others make money by producing something useful. The former is evil, and the latter is good. Most slaves can't make the distinction. Laws aimed to hurt abusive insiders wind up hurting productive workers.