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Perhaps a better critique of a maximum wage would be: What does it solve that graduated income, property, and estate taxes do not? I can't imagine it could po
by schmichael 11y ago
Perhaps a better critique of a maximum wage would be:
What does it solve that graduated income, property, and estate taxes do not?
I can't imagine it could possibly be any less complex than a tax code since it needs to contain the same estimations of wealth ("wage" in your approach).
- ZenoArrow 11y agoWhatever method is used, the important part is in slowing down the rate at which the inequality gap grows. Graduated income, property and estate taxes could do the job, but only if much stronger taxes were brought in, and there appears to be reluctance to raise taxes on the wealthy. If higher taxes end up being the solution, then so be it.