Actually yes, I do think that reducing sports player salaries, actors, etc would be better. It is pathetic how someone who provides almost zero value to society is getting paid millions, while a farmer down the street who is feeding the local community is struggling to keep afloat after a drought.
And yes I wouldn't accept that much money, or take it and donate it to a worthy cause. I make an average salary and I already donate some of it to the needy. I honestly wouldn't even know what I would do with that much money and have zero use for it. If I had 2 mill in my account right now I could easily never earn a dime for the rest of my life and be content.. I don't want a mansion, I am perfectly happy in my 250k home. I dont want a 300k car (although maybe I would buy a 60k car). I don't want a private jet, yaht or whatever. Sure I would live a tad more extravagantly that I do now if I had the money but not much more.
Now you mention people like Bill Gates and Steve Jobs -- they earned it. I have ZERO problem with people making billions of dollars from something that they built with their own bare hands. And I also wouldnt have a problem with the CEO of Blackberry getting 88 million dollars if he completely turned Blackberry around and made it extremely profitable, but not until that time comes. Maybe dropping the package to 50 mil wouldn't translate to hiring more workers, but I can guarantee you some of those workers would rather rather take a paycut for stock options of equivalent value then to be laid off.
I am not saying layoffs didn't need to happen, of course they did. I just find it disgusting how they offer a new CEO such a huge compensation package when they are in the financial turmoil they are in. I know it is mostly stock options, but that is present value, so sure if it bombs to 1/4 he still makes out like a bandit with 22 mil all while doing a piss poor job. If it goes to zero, well obviously he didn't deserve a penny of it anyways..