Robert Reich posted on his Facebook timeline a re-emphasis of the 2014 article Raising Taxes on Corporations that Pay Their CEOs Royally and Treat Their Workers Like Serfs.

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.
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The proposed legislation, SB 1372, sets corporate taxes according to the ratio of CEO pay to the pay of the company’s typical worker. Corporations with low pay ratios get a tax break.Those with high ratios get a tax increase.
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For example, if the CEO makes 100 times the median worker in the company, the company’s tax rate drops from the current 8.8 percent down to 8 percent. If the CEO makes 25 times the pay of the typical worker, the tax rate goes down to 7 percent.

I don’t see why a company should get a tax break at over a 30:1 ratio. Certainly not at 100:1. Companies should not get rewarded for doing what they ought to do in an ordinary way. They need to be penalized for not doing what they ought to do. They should certainly not even be considered for some sort of reward unless they do something extraordinarily good.

Our politicians, including Hillary Clinton, immediately jump to the idea of some corporate tax break as the solution for every problem. The share of taxes paid by corporations is already far lower than it used to be. We need to think more about my principle of using tax penalties for bad behavior, ordinary taxes for good behavior, and then, if really need be, tax incentives for extraordinarily good behavior that needs to be encouraged.