Require all executives of companies doing business in the US to pay a minimum tax

[LiberalFighter]

based on the amount of goods and supplies imported from China for sale in the US.

An additional tax to be imposed on the executive's salary and benefits when goods are a danger to the health of American citizens.

Definition of executives: All executives involved in the daily operations of the business listed in SEC filings. All board members that hire or fire the same and determine the compensation.

[Solo_in_MD]

1. And any particular reason your are after the Chinese

vice Taiwan, Indonesia, Mexico, South America, or elsewhere?

What about those execs who get paid $1/year?

What about private companies? They don't file with the SEC

[LiberalFighter]

2. Are you kidding? With all the media lately about goods sold?

It should apply to private companies too. As for the SEC thing I was thinking more along the line of company officers which generally are required to be identified in filing with the SEC.

vice Taiwan?

If the products from other countries have serious defects or pose health problems to our citizens then they should be included too.

How many execs get paid $1 a year? All the officers of the corporation get paid $1 a year?

I would also include the requirement that the production plant must be open to inspection by the country of origin's government as well as the buyer. I notice in a report that owners of Chinese companies will either refuse inspection by the government or buy off the inspectors.

[Solo_in_MD]

3. Use a more capitalist approach...strict product liability...its source nation independent

If a company sells (imported or not) contaminated products that injure people, it and in certain cases their officers incur massive liability. Doesn't matter where it came from. For example: If a brand of toothpaste is contaminated and people are injured, then the brand and the wholesaler, and the retailer have liability. This way a huge national chain could not escape responsibility by laying it at the feet of a supplier.

AS for exec salaries, there are a lot of games played their. External board members often get a minor stipend, expenses and stock options. The latter is where the money is made, and it also makes sense from a shareholder perspective. Steve Jobs and others are on the $1/year kind of arrangement.