The revitalised Aneurin Glyndwr site points out some of the contradictions in Adam Price’s call for a maximum ratio between bosses’ pay and those of their staff in the private sector.
However, it is to Wales’ highest circulation daily newspaper that we turn for the most damning verdict on this policy. The South Wales Evening Post is not impressed at all:
We all want a way to reduce the awful inequality that exist between the bonus-creaming bankers who caused the recession and the rest of us who suffer its consequences, but this is not it. Plaid is already making exceptions for creative artists and probably football clubs.
But this policy tells the world Plaid’s Wales would be a high-taxing country of no ambition, except to create more public non-jobs and worship Welsh-born pop and sports stars.
Harsh, but fair.
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I may have misunderstood it but from what I see there is no stopping people earning high amounts and no taxation for the rich but a policy of ensuring a maximum gap. I.e the more the bosses earn the more ordinary staff earn. It ensures that there are no huge gaps where a few people take a huge top slice whilst the rest earn peanuts.
I think it is an idea worth exploring.