{"id":42674,"date":"2013-11-11T09:20:42","date_gmt":"2013-11-11T14:20:42","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/a-proposal-to-limit-swiss-executive-pay-to-12-times-that-of-low-paid-employees-has-fat-cats-worried"},"modified":"2013-11-11T09:20:42","modified_gmt":"2013-11-11T14:20:42","slug":"proposal-to-level-playing-field-has-fat-cats-worried","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/11\/proposal-to-level-playing-field-has-fat-cats-worried","title":{"rendered":"Proposal to Level Playing Field Has Fat Cats Worried"},"content":{"rendered":"

\"A<\/a>On Nov. 24, Swiss voters will go to the polls to vote on a radical new idea \u2014 limiting the monthly<\/em> pay of the highest earners in Swiss firms to no greater than the yearly<\/em> pay of the lowest earners. It’s being called the 1:12 Initiative \u2014 and it sure has some people worried.<\/p>\n

To understand the context of the vote, you need to know two things about Switzerland. First, the country has a relatively unique system of direct democracy \u2014 if 100,000 people sign a proposed change to the constitution, or “popular initiatives,” a referendum is held. If a majority of voters and cantons (Swiss states) agree with the proposal, the change can become law.<\/div>\n

The second factor is how these Swiss initiatives have been used recently. Earlier this year Swiss voters agreed to an idea proposed by entrepreneur Thomas Minder that limited executive (in his words, “fat cat”) salaries of companies listed on the Swiss stock market. On the other end of the spectrum, a proposal to give every Swiss adult an unconditional income of $2,800 a month recently gained enough signatures to be voted on.<\/p>\n

The 1:12 Initiative lies somewhere between these two extremes in terms of its radical ambition, but its core idea comes from the same place \u2014 an angst in Switzerland, a country most famous for centuries of private banking, that executive pay and income inequality are out of control.<\/p>\n

Click here to read the complete article at www.businessinsider.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There is a bold initiative being pushed in Switzerland that, if adopted by other countries would level the playing field between the “haves” and the “have nots”… and it is scaring the hell out of the “haves”.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[29,98],"class_list":["post-42674","post","type-post","status-publish","format-standard","hentry","category-business","tag-economy","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/42674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=42674"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/42674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=42674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=42674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=42674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}