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Lurker Deluxe

(1,031 posts)
48. sane?
Thu Jan 30, 2014, 03:35 PM
Jan 2014

You start a business to make money, unless you are going non profit, why would there be any other reason to start a business?

Limiting what a person can make is just fundamentally wrong. Taxing what they make progressively is fine, putting a cap on it is crazy.

Just curious though, is the cap the same for everyone? Or can some people make more than others?

the money for CEO's isn't in wage/salary, it's in 'incentive compensation' that geek tragedy Jan 2014 #1
So you include that as part of their assessed compensation. n/t Chan790 Jan 2014 #5
I guess you could get the IRS applying Black Scholes to the option grants, geek tragedy Jan 2014 #7
what if you work for yourself or say, in the entertainment industry? dionysus Jan 2014 #2
I say it should apply to any publicly held corporation OR privately loudsue Jan 2014 #4
sounds good to me dionysus Jan 2014 #6
Holy shit YES!!! THIS is the conversation we really need to be having!!! loudsue Jan 2014 #3
So what should it be? FrodosPet Jan 2014 #10
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
That will lead to more temporary jobs Lurker Deluxe Jan 2014 #8
Correct on all points. nt Demo_Chris Jan 2014 #14
Then attach it to a multiple of the median wage for whatever country. Half-Century Man Jan 2014 #16
k Lurker Deluxe Jan 2014 #18
If you incorporate your business Half-Century Man Jan 2014 #25
No more small business then? Lurker Deluxe Jan 2014 #27
What in the hell are you talking about? Half-Century Man Jan 2014 #28
we're talking about taxes Lurker Deluxe Jan 2014 #30
I was responding to your argument on companies cutting jobs to go around the idea in the OP. Half-Century Man Jan 2014 #33
And ... Lurker Deluxe Jan 2014 #31
Do you mean using a "Doing Business As". Half-Century Man Jan 2014 #35
no Lurker Deluxe Jan 2014 #43
Ah yes that is completely true. Half-Century Man Jan 2014 #45
incorporation doesn't protect you Lurker Deluxe Jan 2014 #47
Nothing, because you've pretty well ensured that you will be broke very quickly. Egalitarian Thug Jan 2014 #26
That's why risk is rewarded Lurker Deluxe Jan 2014 #29
As I said, in a sane system one would start a business because they want to do Egalitarian Thug Jan 2014 #34
sane? Lurker Deluxe Jan 2014 #48
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
I figure we need a generous minimum wage... hunter Jan 2014 #11
gibberish Lurker Deluxe Jan 2014 #13
A job that can't pay a good living wage isn't worth doing. hunter Jan 2014 #20
explain it to me then Lurker Deluxe Jan 2014 #23
Who is cutting apart your grocery store chickens? hunter Jan 2014 #37
If you have a machine shop you are putting money into, the money for the business is a deduction haele Jan 2014 #41
but that is not what is being said Lurker Deluxe Jan 2014 #46
It's not likely I can sell you anything. But I have zero respect for great wealth. hunter Jan 2014 #55
You can't sell me the multiple of 20 Lurker Deluxe Jan 2014 #56
The "minimum wealth" for both the foolhardy and the not foolhardy could be kept in trust. hunter Jan 2014 #58
it's called progressive taxation. think of the tax rate in the 50's. cali Jan 2014 #15
Scuba's Rule - TBF Jan 2014 #17
Now you're talking! world wide wally Jan 2014 #19
I've been saying we need one for years. redqueen Jan 2014 #21
The problem isn't wages, it's return on capital. lumberjack_jeff Jan 2014 #22
Exactly. Lurker Deluxe Jan 2014 #24
Elimenate the Tax deduction on wages over $1 Million FreakinDJ Jan 2014 #32
So, the proper term we should be working with is "income" not "wages". nt ladjf Jan 2014 #39
Funny. Professional sports leagues like the NFL, NBA, and MLB all have salary caps/luxury taxes Yavin4 Jan 2014 #36
There's always the way we used to do it... JHB Jan 2014 #38
A maximum wage is a very different thing to a maximum wage ratio. Donald Ian Rankin Jan 2014 #40
Maximum wage talk long past due and will never happen fadedrose Jan 2014 #42
I heard Lewis Black (iirc) talk about a maximum wage a few years ago. Lunacee_2013 Jan 2014 #44
Federal contractor wages ProSense Jan 2014 #49
The problem of "no more than a multiple of the lowest" is... JHB Jan 2014 #50
What part of our Constitution would that fall under? upaloopa Jan 2014 #52
Rather than a Maximum Wage that attempts to pin some number on an amorphous concept Egalitarian Thug Jan 2014 #53
Switzerland tried to enact the "multiple" thing. moondust Jan 2014 #54
I think we worry too much about CEO pay Travis_0004 Jan 2014 #57
So Peyton Manning could earn up to 10 times what the beer salesman earns? Nye Bevan Jan 2014 #60
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