That all sounds great, in theory, and sounds super fair. But how do you attract executive talent without large salaries and golden parachutes?

When one person's choices can make the difference between bankruptcy and having surging profits, how should we compensate them? I do think our distribution is a bit top heavy, but I think of it ethically, not pragmatically or fiscally. Short of executives collectively deciding against their own financial interests, or regulators choosing for everyone (and the economy being exposed to regulatory capture), I don't see what you're proposing.

And physical danger is like physical labor. It's not intrinsically tied to the value society places on that work. Personally I don't think skydiving instructors should be paid more than high school teachers.