- cross-posted to:
- workreform
- cross-posted to:
- workreform
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Under capitalism it would be laughably easy to circumvent, and even in premise it is flawed because it would only target the small number of top CEO’s.
The truly rich does not even recive wages.
Because even if this was implemented, rich assholes will find ways around it.
That house? Oh it’s owned by an LLC that rents it from the company I own for $1a month, I then house sit as a second job for $1 a month.
That car? Same deal.
My internet, home phone, electricity, water, insurance and all other home expenses? Paid for by my company as part of WFH rules for executives.
I also have regular business meetings in Hawaii and other overseas locations for business purposes.
Don’t forget:
Those politicians who are in a position to pass laws with regards to my taxes, income level, and other means of hoarding power? Oh, they’re owned by me thanks to legal bribery.
And those other politicians who want to introduce a maximum wage, higher taxes, or anything remotely socialist? Oh, the media outlet/s I own, along with the politicians I’ve already paid off can easily smear them out of contention.
Both possible because the system is what it does and is designed to encourage these kinds of disparity and inequality, not combat it.
the best way to attempt to implement a maximum wage is to tax the every loving fuck out of anyone make a certain amount ie, you make 10m/year a thats 100% progressive tax.
but it wont happen because humans are weak and the rich have bought the government.
I like corporate taxes being tied to the ratio of the highest compensated full time worker and the lowest compensated worker. Note that I specifically said compensation and not wages and full time worker and not employee.
If the highest compensation package is stock options worth 30 million and the lowest compensation is an “independent contractor”, that scrapes by on 30k a year. The ratio is 1000, some standard equation would then define the corporate tax rate. Hopefully a ratio that high would be 100%
Could they not just create separate companies to get around this?
WAGES aren’t how the elite earn money.
Someone making 400k/yr is paying the top marginal tax rate. They’re working. Value their job or not, they punch a clock.
That’s not the rich. The rich don’t work for a wage, they don’t work. Their money makes them money, and instead of paying the pitiful capital gains, they borrow against their investments for tax free living.
Stop targeting wage earners, and target your anger at people who actually pull the strings.
