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1970's CEO made 40 times their lowest paid, now they make upwards of 400 times. That's an increase in inequality of 10 times more. It's worse than you think.
And yes greed is part of it. The other is complacency and ill-informed individuals on the lower end. How many of today's poor vote for people who give millionaires and billionaires tax cuts but are themselves poor. That's voting against your own best interest. And is the reason Warren Buffet pays less in taxes per dollar he earns than his secretary.
The problem is there was always greed, but we had a system to check that greed. That system is now rigged by the rich for the rich.
You can't expect CEO's to voluntarily give up money out of generosity. You have to impose rules. CEO's are like children give em an inch they take a foot. Only now the poor are more than happy to give them that foot and expect to get an inch in return. Trickle down economics, and that doesn't work.
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