Why would a business owner expand and hire if he/she can't make more money?

[hughee99]

74. This may work for restaurants and contractors, and things like that...

but what happens when the one pharmacy in the town shuts down because they've maxed out profits, you can't get your medication because the pharmaceutical company that makes it is maxed out, or your doctor asks you to wait until next year for the operation? If I work for a contractor who maxed out THEIR income and decides it's not cost effective to work for the rest of the year, then I'm out of a job too, even if I haven't maxed out my income yet.

I understand where you're going with this, but it's simply not workable. Production certainly wouldn't cease without the high paid CEO's, but there's plenty of examples of good companies being run by people who are bad at being a CEO, and eventually the whole company suffers, including the employees. A bad CEO can run any company into the ground. I'll bet if you put Bush '43 in charge of Apple, they'd be losing money within 5 years. No, most CEO's aren't worth what their being paid, but you're not going to fix that issue just by capping their income. Most of a CEO's compensation now isn't income anyway, it's given in the form of stock which isn't "income" until they sell it.