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CJCRANE

(18,184 posts)

4. "if their earnings are lowered then how is the shortfall made up elsewhere ?"

Reply to dipsydoodle (Original post)

Mon Jan 23, 2012, 04:42 PM

Jan 2012

My suggestion is..lower the CEOs' salaries and pay the workers more.

As the working and middle classes spend more of their wages this will stimulate the consumer economy, the money will be made back by the government in income tax and indirect taxes and a lot of businesses will benefit by getting more customers (or customers who spend more).

It's the Henry Ford principle in action.

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Highlight:

Top 1% of UK wage-earners pay 25% of all income tax [View all] dipsydoodle Jan 2012 OP

"The rich are getting proportionately richer, and therefore are paying more tax" CJCRANE Jan 2012 #1

Marginal rate is actually 52% dipsydoodle Jan 2012 #3

what do you mean "if their earnings are lowered" ? yodermon Jan 2012 #2

No - there may be separate legislation to control directors salaries and bonuses. dipsydoodle Jan 2012 #5

But the money still exists. CJCRANE Jan 2012 #6

What would actually happen dipsydoodle Jan 2012 #8

"if their earnings are lowered then how is the shortfall made up elsewhere ?" CJCRANE Jan 2012 #4

I wondered how long it be before that came up. dipsydoodle Jan 2012 #7

Workers spend more of their income CJCRANE Jan 2012 #9