General Discussion

Lionessa

(3,894 posts)

2. Here's the France info link.

Thu Jul 5, 2012, 06:30 PM

Jul 2012

http://www.nakedcapitalism.com/2012/07/france-pushing-for-a-maximum-wage-will-others-follow.html

From the Financial Times:

France’s new socialist government has launched a crackdown on excessive corporate pay by promising to slash the wages of chief executives at companies in which it owns a controlling stake, including EDF, the nuclear power group.

In a departure from the more boardroom-friendly approach of the previous right-of-centre administration, newly elected president François Hollande wants to cap the salary of company leaders at 20 times that of their lowest-paid worker.

According to Jean-Marc Ayrault, prime minister, the measure would be imposed on chief executives at groups such as EDF’s Henri Proglio and Luc Oursel at Areva, the nuclear engineering group. Their pay would fall about 70 per cent and 50 per cent respectively should the plan be cleared by lawyers and implemented in full…

France is unusual in that it still owns large stakes in many of its biggest global companies, ranging from GDF Suez, the gas utility; to Renault, the carmaker; and EADS, parent group of passenger jet maker Airbus.

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Why is there no maximum wage? [View all] madinmaryland Jul 2012 OP

France's Hollande is doing this for those that receive Lionessa Jul 2012 #1

Here's the France info link. Lionessa Jul 2012 #2

What if my wage is the product of fair and legal transactions valued by my customers? Nuclear Unicorn Jul 2012 #3

People should not be allowed to accumulate unlimited amounts of money. limpyhobbler Jul 2012 #6

Voluntary and fair transactions distort nothing. Nuclear Unicorn Jul 2012 #8

By that logic you would also be against a minimum wage. limpyhobbler Jul 2012 #9

I feel I should be allowed ChazII Jul 2012 #21

Would not affect you. I was thinking maybe a max wage of about $75000/ hour... limpyhobbler Jul 2012 #24

A. No one would be forcing you to work. B. How much more than more do think is adequate Egalitarian Thug Jul 2012 #13

If you believe that your working hours are too high, feel free to share the load. Sirveri Jul 2012 #41

And what would that be? Marinedem Jul 2012 #4

Lets try maybe $5000 per hour? limpyhobbler Jul 2012 #10

What about a author who writes a book that makes $150 million? The author makes $10 in your plan.... Logical Jul 2012 #12

No not $10....they can make $10 Million dollars per year. $5000 per hour. Or $10 million per year. limpyhobbler Jul 2012 #14

I meant $10 million. Why does the author get only $10 million but the publisher gets the rest? Logical Jul 2012 #15

OK fine lets set it at $75,000 per hour. That's $150 million per year and takes care of your author. limpyhobbler Jul 2012 #16

I can see your point but do you see what I mean? If I create something (movie, book, invention) .... Logical Jul 2012 #17

Yes I see your point. I think this author could still live pretty good on $75,000 / hour. limpyhobbler Jul 2012 #19

Except that they wouldn't. Occulus Jul 2012 #37

I think there probably should be some kind of tax on amounts over some level. Hoyt Jul 2012 #30

I 100% agree with you! Higher tax rates are needed!! Logical Jul 2012 #31

What we need is a tax per trade for all Wall St. transactions Occulus Jul 2012 #38

It would actually go to the government, the only way to accomplish max wage is with taxes Sirveri Jul 2012 #42

Great idea! Especially for sports and entertainment figures. FarCenter Jul 2012 #5

Explain why? So the studio can make the money and not the star?? Really? Logical Jul 2012 #11

The studio's spending on image, publicity, marketing, production and distribution make the star FarCenter Jul 2012 #18

I don't care what some other person makes NNN0LHI Jul 2012 #7

Sorry, I don't see that working out. Marinedem Jul 2012 #20

I think this is a cute distraction. The issue is a living wage for all workers. stevenleser Jul 2012 #22

There is at my co. There's a max. wage for the various job titles. But "wage" does not include Honeycombe8 Jul 2012 #23

Because the idea is kind of silly. MrSlayer Jul 2012 #25

There is orpupilofnature57 Jul 2012 #26

Michael Moore suggested an alternative: Nevernose Jul 2012 #27

I like that idea. laundry_queen Jul 2012 #29

this would be awesome limpyhobbler Jul 2012 #32

So A-Rod would earn 100 times what the batboy is paid? (nt) Nye Bevan Jul 2012 #34

I don't think bat-boys are paid, but the locker room janitors would be happy. n/t Egalitarian Thug Jul 2012 #36

At one time sane progressive taxation and inheritance tax used to RKP5637 Jul 2012 #28

Hmmmm. What should A-Rod be paid? (nt) Nye Bevan Jul 2012 #33

Because its a stupid idea. geek_sabre Jul 2012 #35

It's already a reality for some of us Occulus Jul 2012 #39

And who gets to decide what the maximum is to be? WillowTree Jul 2012 #40