"Executives get 90%+ of salary as untaxed perks" still exists in Japan, incidentally. http://paulgraham.com/re.html pic.twitter.com/N4Cl0NVSS7
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You can imagine I get a little facepalm-y when I read US papers saying "Why does the US have CEO-worker disparity in pay, unlike Japan?"
That's fairly straightforward: the IRS has, since the 1970s, threatened you with jail if you do what (SWAG guess) 90% of Japanese BigCo do.
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