Why cap CEO pay? See these excerpts and then the entire commentary:

 And high pay—particularly high CEO pay—is incentivizing the kind of unsustainable economic growth that’s feeding our ongoing social and environmental crises.

Many corporate CEO pay packages, for instance, include generous grants of stock and stock options. These sweeteners motivate CEOs to strive for ever more corporate growth no matter how ecologically destructive—then use the resulting profits to buy back their company stock, a move that raises corporate share prices and enriches CEOs even further.

Want a Brighter Future? Cap the CEO Pay of Big Corporations

President Biden wants rich people pay taxes like they did in the old days.  I advocate a 100% world-wide income tax for all income over $10,000,000.

Sincerely,

Ed