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Let's Set a Maximum Wage for the Rich
- al_borland 3y agoYet another wealth tax argument they fails to understand how the top 0.1% actually have the new worth they do. People who don’t understand how money works are in no position to dictate how it should be distributed.
- calrain 3y agoAgreed - The ultra rich's wealth does not come from their wages.
- sema4hacker 3y agoThe article makes it clear they mean income and not wages, but of course there are a huge number of ways to live rich but never have income come directly to you.
- gwbrooks 3y ago[flagged]
- joegibbs 3y ago- Found a new company - Own 100% of the shares - Bring a few people on, shares get diluted to 20% - A few years on, the company is very successful and has a valuation of $2 billion, growing from $1.3b the year prior, despite being private and only having ~20 employees So in that year the founder "made" $140 million, what happens there? Should the company be forced to go public? Otherwise, where does the other $139 million go, does the government "tax" the shares and end up with majority control of any company that grows too fast?
- pestatije 3y agothe tax comes only when the shares are liquidated...a valuation is a number in the sky, a number some people agree on but a number in the sky nonetheless