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This sounds great but also may suffer from frauds: consider a company paying something like 500k in the first year then only paying minimum wage for the next N
by htfy96 8y ago
This sounds great but also may suffer from frauds: consider a company paying something like 500k in the first year then only paying minimum wage for the next N years together with early-leave penalty. Moreover even the first 500k might be fake and actually paid by employees
- burfog 8y agoSome kinds of fraud are easier to stop than other kinds. The existing problem, involving bad ideas of market rates, is really hard to stop. We can do this well. Here: The salary is bid for based on family income percentile in the county. There is a minimum of being at the 99th percentile, and also a minimum of half the salary being at the 90th percentile. Salary is paid to the federal government, which then pays the employee. After the income tax is paid, the federal government collects an additional 50% of the salary from the employee. To cheat this system, an employer would somehow have to demand that the employee issue a payment back to the employer. This should be punishable by the employer going to prison.