General Discussion

lumberjack_jeff

(33,224 posts)

62. Sure. Why not?

Mon Jun 11, 2012, 03:07 PM

Jun 2012

Would it be bad for me? No.

Am I supposed to be opposed to it on ethical grounds? Why? If you can make $10 million exploiting workers by February, take the rest of the year off.

Am I supposed to be opposed to it on pragmatic grounds? The guy who made $10 million by February created 6 more $10 million/year jobs during his 10 month vacation.

As a practical matter, it would be implemented by creating an additional tax bracket on earned and unearned income above some arbitrarily large number, say $10 million.

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Is it time for Maximum Wage [View all] SoutherDem Jun 2012 OP

I think that's a non-starter. But I do believe it's possible to raise the minimum wage RZM Jun 2012 #1

Start by doubling it over the next 2 - 3 years and then raise it to Egalitarian Thug Jun 2012 #16

With a price cap on essential goods and services. FrodosPet Jun 2012 #20

That assumes an inflation that can't happen in this economy. We're in a depression, Egalitarian Thug Jun 2012 #23

Do you have an example of where extended price controls hack89 Jun 2012 #26

Price floors seem to work just fine. Why not price caps? Zalatix Jun 2012 #32

Ask Venezuela hack89 Jun 2012 #36

Milk/Cheese, in the United States Zalatix Jun 2012 #51

History show that price caps don't work hack89 Jun 2012 #56

What should minimum wage go to to a subsistence level? SoutherDem Jun 2012 #28

I think so. Beyond, say, 10 million a year, 100% tax. morningfog Jun 2012 #2

Let's say 99%. YellowRubberDuckie Jun 2012 #12

That's fine. I was suggesting the 100% only on the potion above the $10 million. morningfog Jun 2012 #18

I see. YellowRubberDuckie Jun 2012 #22

$10 million? The Koch's would STARVE on that! Zalatix Jun 2012 #33

No - it would open the door for even more ways for our corporate overlords to take our money. Initech Jun 2012 #3

Yes, there will always be new ways to screw people SoutherDem Jun 2012 #29

That's why we need to tax stock options at the same level as wages. Zalatix Jun 2012 #53

Yes! Best idea I've heard all day. limpyhobbler Jun 2012 #4

You got my point SoutherDem Jun 2012 #30

I Think Only a Few Athletes Have *Wages* Over $10 Million a Year On the Road Jun 2012 #5

Capital gains taxes would take care of it. YellowRubberDuckie Jun 2012 #13

You wouldn't limit that SoutherDem Jun 2012 #31

I actually wouldn't mind ctaylors6 Jun 2012 #65

I do agree about the athletes and film/TV stars SoutherDem Jun 2012 #72

Then they will fire all the labor and contract it out. dkf Jun 2012 #6

Since there is always a way around things SoutherDem Jun 2012 #34

It's an idea I agree with in theory Neue Regel Jun 2012 #7

I agree! SoutherDem Jun 2012 #35

I think it is in Germany -at least it use to be when my friend was there on business- that a CEO lookingfortruth Jun 2012 #8

I don't know how Germany works SoutherDem Jun 2012 #37

I agree completely. I was just trying to say there is a cap the government has on how much CEO can lookingfortruth Jun 2012 #54

I don't support limits at this time and maybe never will but I do believe strongly in a multiple TheKentuckian Jun 2012 #9

They can make as much as they want, as long as WE tax a large percentage of every extra dollar they pampango Jun 2012 #10

That would be another way to do it. SoutherDem Jun 2012 #38

With their cry that raising the minimum wage will cost jobs madokie Jun 2012 #11

Alternatively, how about a graduated inheritance tax starting @ 40% on the third million and Egalitarian Thug Jun 2012 #14

Good idea SoutherDem Jun 2012 #39

Thanks. Limiting Inheritance is key to broader economic balance. Egalitarian Thug Jun 2012 #52

I disagree SmileyRose Jun 2012 #15

You may disagree, but you get my point SoutherDem Jun 2012 #40

sometimes I think DU is becoming a place of fantasy. cali Jun 2012 #17

Of course it is SoutherDem Jun 2012 #42

They'll just go the Steve Jobs route - lower their salary to $1.00 (breeze paying taxes on that). HughBeaumont Jun 2012 #19

I did say a maximum pay gap (RATIO) as an option. SoutherDem Jun 2012 #44

Doesn't go far enough. meaculpa2011 Jun 2012 #21

Interesting thought SoutherDem Jun 2012 #45

Instead of trying to put bandaids on capitalism TBF Jun 2012 #24

I totally agree SoutherDem Jun 2012 #46

I actually feel the same way TBF Jun 2012 #57

It works in Sweden - they seem to have found the proper balance. nt hack89 Jun 2012 #61

Not so fast, TBF Jun 2012 #63

So what do you intend to replace it with? nt hack89 Jun 2012 #64

That's always the first question from the typical red-baiter. TBF Jun 2012 #66

I have no real problem with socialism hack89 Jun 2012 #67

Sure, no problem - TBF Jun 2012 #68

When things get really bad, socialism will not be what people turn to. hack89 Jun 2012 #69

Well I think many people TBF Jun 2012 #70

Socialism requires a high degree of civic unity and agreement hack89 Jun 2012 #71

Correct you are - TBF Jun 2012 #73

Nnnnnnope cherokeeprogressive Jun 2012 #25

SO, if you put a cap on my maximum earnings I'll make a work around AngryAmish Jun 2012 #27

That and CEO's don't necessarily need a wage 4th law of robotics Jun 2012 #43

SO, do we give up? SoutherDem Jun 2012 #47

No, just a more progressive tax rate 4th law of robotics Jun 2012 #41

With that progressive tax rate SoutherDem Jun 2012 #48

I really think any kind of tax reform must *start* 4th law of robotics Jun 2012 #49

Yes, that would do nicely. SoutherDem Jun 2012 #50

I don't think it would have the effect you want FreeJoe Jun 2012 #55

Maximum wage notion actually picking up global momentum TooMuch Jun 2012 #58

Thanks for the information SoutherDem Jun 2012 #59

Hmm.... no and I will tell you why nadinbrzezinski Jun 2012 #60

Sure. Why not? lumberjack_jeff Jun 2012 #62