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In reply to the discussion: Can we talk about a Maximum Wage? [View all]Lurker Deluxe
(1,036 posts)29. That's why risk is rewarded
Anyone going into business is risking alot.
So, if you are going to limit what I can make to some BS number attached to the median wage why would I take any risk? Why bother?
I've been self employed, twice, it wasn't for me. But The last time I did it I drained almost all of my savings and went into debt to the tune of 250K, I made some money for sure ... but it easily could have went the other way.
So, I just do not understand all this talk of limiting what a person can make. Tax them ... tax the hell out of them if they make over what ever number you seem fit, but to just flat out say, "you can only make this much" is a horrible idea.
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the money for CEO's isn't in wage/salary, it's in 'incentive compensation' that
geek tragedy
Jan 2014
#1
Yep. Enforcement is the problem, but the standards nevertheless have to be set.
loudsue
Jan 2014
#12
Ben and Jerry's set theirs at 10x the lowest paid worker which is the Green Party's proposed
adirondacker
Jan 2014
#59
I was responding to your argument on companies cutting jobs to go around the idea in the OP.
Half-Century Man
Jan 2014
#33
Nothing, because you've pretty well ensured that you will be broke very quickly.
Egalitarian Thug
Jan 2014
#26
As I said, in a sane system one would start a business because they want to do
Egalitarian Thug
Jan 2014
#34
Personally I think two things would go the furthest. Eliminate any distinction between incomes.
Egalitarian Thug
Jan 2014
#51
Or a living wage....no one is talking about a living wage, was popular at one time.....now??
a kennedy
Jan 2014
#9
If you have a machine shop you are putting money into, the money for the business is a deduction
haele
Jan 2014
#41
It's not likely I can sell you anything. But I have zero respect for great wealth.
hunter
Jan 2014
#55
The "minimum wealth" for both the foolhardy and the not foolhardy could be kept in trust.
hunter
Jan 2014
#58
Funny. Professional sports leagues like the NFL, NBA, and MLB all have salary caps/luxury taxes
Yavin4
Jan 2014
#36
Rather than a Maximum Wage that attempts to pin some number on an amorphous concept
Egalitarian Thug
Jan 2014
#53