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Ichingcarpenter

(36,988 posts) Fri Oct 23, 2015, 02:32 PM Oct 2015

How About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose ti [View all]

I think his cap was too low but more than 3 million might work

http://articles.latimes.com/1992-04-08/local/me-457_1_maximum-wage

47 replies

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How About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose ti [View all] Ichingcarpenter Oct 2015 OP

Would resolve most economic issues in short term, but long term we still must randys1 Oct 2015 #1

Sounds good to me. hifiguy Oct 2015 #2

Well this board has some problems with his thinking Ichingcarpenter Oct 2015 #11

Wouldn't that have locked in a permanent group of upper class people? Gidney N Cloyd Oct 2015 #3

uber class or upper class... Ichingcarpenter Oct 2015 #5

My point is it seems like one outcome would be to protect a permanent upper class from competition. Gidney N Cloyd Oct 2015 #23

Excuse me?...... the Rockfellers and Du Ponts don't have power now? Ichingcarpenter Oct 2015 #33

Wouldn't that also limit the amount of taxes they could pay? Throd Oct 2015 #4

they pay nothing now? Ichingcarpenter Oct 2015 #6

Actually they do. Throd Oct 2015 #10

Soros admitted his secretary paid more taxes than him. Ichingcarpenter Oct 2015 #13

Give me a reason why this is the right thing to do. Throd Oct 2015 #16

Your life........ is tied to all life Ichingcarpenter Oct 2015 #18

Again, how would this make your life better? Throd Oct 2015 #20

Enforcement comes from democracy Ichingcarpenter Oct 2015 #21

You're just not going to give a straight answer are you? Throd Oct 2015 #24

When should they be taxed at 100$% Ichingcarpenter Oct 2015 #27

Six of one, half a dozen of the other... LanternWaste Oct 2015 #25

What he meant was that her marginal tax rate was higher than his. 1939 Oct 2015 #28

I would oppose a "maximum wage" vehemently. eom MohRokTah Oct 2015 #7

LOL........... because Ichingcarpenter Oct 2015 #8

Because a "maximum wage" would destroy competition. MohRokTah Oct 2015 #9

Thank you for your thesis on competition Ichingcarpenter Oct 2015 #15

Ummm...competition is utltimately good for all. Without it you would seldom get a "better mousetrap" jonno99 Oct 2015 #34

Competion is good up to a point but then the social construct of Ichingcarpenter Oct 2015 #42

Who decides "the point"? And how do we keep ego out of THAT process? nt jonno99 Oct 2015 #45

Not really, everyone would strive to reach the maximum wage. Rex Oct 2015 #35

Isn't that what most people are doing now? Throd Oct 2015 #36

Yes so competition would still be alive and healthy. Rex Oct 2015 #37

That's just silly MohRokTah Oct 2015 #40

Then that means it is a great idea, thanks. Rex Oct 2015 #41

Jeff Bezos's salary is about $81,000 Nye Bevan Oct 2015 #12

Salary is relative to wage and benifits and CEO's perks Ichingcarpenter Oct 2015 #14

the .01% don't earn their money via salaries geek tragedy Oct 2015 #17

Well the article did point that out Ichingcarpenter Oct 2015 #19

a wealth tax is a much better idea, but we may need a constitutional amendment for that nt geek tragedy Oct 2015 #22

Considering 80 people own over half of all the wealth on the planet Rex Oct 2015 #26

I think society should reward the risk takers and innovators Ichingcarpenter Oct 2015 #29

True, but it is not the artists musicians and inventors among that 80. Rex Oct 2015 #32

We are in a planetary crisis that goes beyond the nation state. Ichingcarpenter Oct 2015 #39

I think that is the key point here, we are in a planetary crisis that is way beyond the scope Rex Oct 2015 #43

The paradigm has shifted for those that are paying attention Ichingcarpenter Oct 2015 #44

80 people? PowerToThePeople Oct 2015 #30

This why a guarantee income is being discussed also Ichingcarpenter Oct 2015 #31

The only reason the billionaires are discussing it at all is due to the Information Age. Rex Oct 2015 #38

That wasn't FDR; it was Huey Long, an FDR hater & crazed demagogue Bucky Oct 2015 #46

Sorry, the prisons are full. moondust Oct 2015 #47