Portland is Stopping CEOs Who Make 300 Times More Than Workers BY Chuck Collins

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"The ethicist Peter Singer explains why in his radical call for a boycott of the US. Singer is professor of bioethics at Princeton University and laureate professor at the University of Melbourne. “The huge divide in income and wealth has real-world implications,” Steve Novick wrote last October in Inequality.org. Novick sponsored the ordinance when he was on the Portland City Council. “Too many Americans cannot get a leg up,” he wrote. “Income inequality undermines the American dream.” Portland city government projects the tax will raise $2.5 million to $3.5 million a year, which city officials have said will likely help pay for the city’s homeless programs."