General Discussion

randys1

(16,286 posts)

1. Would resolve most economic issues in short term, but long term we still must

Reply to Ichingcarpenter (Original post)

Fri Oct 23, 2015, 02:35 PM

Oct 2015

deal with the fact that we make nothing.

And we have to make MOST of what we buy otherwise there will be no jobs.

But yes, if we are going to allow an out of control version of capitalism to exist, then hell yes, cut it off at the knees by doing this

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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