Equality of sacrifice

Equality of sacrifice is a term used in

political theory and political philosophy

to refer to the perceived fairness of a coercive policy.

John Stuart Mill noticed that citizens often view taxation laws as being fair, as long as taxation is also applied equally to everyone else in society.^[1] Political theorist Margaret Levi applied the term to the perceived fairness of conscription in democracies, to which citizens may consent as long as conscription is enforced as a universal duty – as opposed to elitist and exceptionalist policies, as it will sometimes occur in partial mobilization.^[2]

The term was also adopted by

financial crisis of 2007–2010, Iacocca's example has often been mentioned in opposition to "unconditional" government bail-out of failing companies. In a letter to the leaders of the big three U.S. automakers, Senator Chuck Grassley

said that before receiving a government bailout executives should follow the example of former Chrysler head Lee Iacocca and cut their own pay:

Lee Iacocca essentially worked for pennies to demonstrate leadership and forcefully prove to his colleagues that he was ready to make sacrifices to reinvigorate Chrysler [...] Today’s executives could learn a lot from this example. They should take every step possible, including cutting executive salaries and bonuses, and exhaust all alternatives before coming to the taxpayers for tens of billions of dollars in help.[5]

References

JSTOR 2006747
.

ISBN 052159961X
) p. 26

^ Iacocca and Novak. 1984. Iacocca: An Autobiography. New York: Bantam Books. Chapter 20.

doi:10.1016/S1048-9843(99)00025-9
.

^ Hancock, Jason. Nov. 14, 2008. "Grassley calls on automakers to cut executive salaries". The Iowa Independent [1] Archived 2009-03-23 at the Wayback Machine (Retrieved May 28, 2009).

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[1] JSTOR 2006747
.

[2] ISBN 052159961X
) p. 26

[3] Iacocca and Novak. 1984. Iacocca: An Autobiography. New York: Bantam Books. Chapter 20.

[4] :10.1016/S1048-9843(99)00025-9
.

[5] Hancock, Jason. Nov. 14, 2008. "Grassley calls on automakers to cut executive salaries". The Iowa Independent [1] Archived 2009-03-23 at the Wayback Machine (Retrieved May 28, 2009).

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