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The problem with a maximum wage is deciding what that maximum is. Outsides returns are what incentivize people to start companies. A earning cap will cap that i
by andrewrn 1y ago
The problem with a maximum wage is deciding what that maximum is. Outsides returns are what incentivize people to start companies. A earning cap will cap that incentive accordingly.
- bjourne 1y agoProgressive tax scales solves that problem neatly.
- ta1243 1y agoTax on income keeps wealth with people who have wealth, and people without wealth wage slaves. If you rent a $10m house you pay $500k a year for it. With 50% tax you'd have to earn $1m a year to pay the rent. If you own a $10m house you pay no rent, and have to earn $0 a year to live there.
- bjourne 1y agoWealth tax is a thing.
- mathverse 1y agoThe maximum wealth should be capped exactly where it becomes a tool to buy or assert influence over democracy.