There are Minimum Wages, Why Not a Maximum Wage?
There are Minimum Wages, Why Not a Maximum Wage?
Why don’t we have a maximum wage? Asking that question is another way of asking why some people can rake in millions while others struggle to earn enough
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the best way to attempt to implement a maximum wage is to tax the every loving fuck out of anyone make a certain amount ie, you make 10m/year a thats 100% progressive tax.
but it wont happen because humans are weak and the rich have bought the government.
I like corporate taxes being tied to the ratio of the highest compensated full time worker and the lowest compensated worker. Note that I specifically said compensation and not wages and full time worker and not employee.
If the highest compensation package is stock options worth 30 million and the lowest compensation is an "independent contractor", that scrapes by on 30k a year. The ratio is 1000, some standard equation would then define the corporate tax rate. Hopefully a ratio that high would be 100%
Could they not just create separate companies to get around this?
Many countries would consider companies that are created like this just to “get around” a rule or law to be the same company. They consider the “spirit of the law”, and sometimes even give fines for attempting to skirt it like this.
That's why I said full time worker. If I work for company A, but 90% of my time is dedicated to company B. My effort primarily benefits company B, therefore my compensation counts to company B. Really causes a problem for companies that employs sweatshops.