A maximum wage of 250K/year - this will sort out the mess?

There's plenty of talk about the min wage, but as I see it, the real problem is that the rich earn too much, thus sucking all the wealth from everyone else.

So the solution: A maximum wage/earnings of 250K/year (USD) should do the trick.

No more leeches at the top sucking the life out of the working men and women.

How about it?

 

Sounds like a decent figure, though keeping in mind that an Ivy League education can cost over $100k a year. You have to ask yourself if anything is worth more than $250k a year. If you capped incomes, talent would flock to places based upon which areas have the nicer weather until they were so congested that you had to give out space through a lottery system that would likely be rife with favoritism either through bribes or non-monetary benefits, but likely some combination of the two. Of course, people who handle cash transactions could surpass the $250k a year limit and it might attract the most ambitious people to these areas regardless of their legality or merit to society. All sorts of operations would start creating their systems and infrastructure around handling cash.

Kind of like Japan, which is probably a cash economy at least partly because of its limited embrace of income cap systems. Bribes and the Yakuza are quasi-institutionalized over there and most people don't even consider it truly criminal.

I'm generally not a fan of these kinds of ideas because while they sound good on paper, as soon as one experiments with these kinds of things, a million pinprick problems come out of seemingly nowhere and bleed the thing to death.

This is all without considering the brain drain. The most talented executives and other individuals are not above relocating to a different country.

 

First off, I don't really buy the weather argument - as that's not really top of most peoples' agendas.

And secondly, Ivy Leagues costing 100K plus would be forced to reduce their prices, through the deflationary method created by the wage cap.

 

Your premise is flawed- bolded for emphasis.

 

If the guys at the top are raking in millions, then how can there be anything but small change left over for everyone else?

How can jobs be created on-masse if all the hoarders and speculators want too much pie?

 

ANOTHER progressive example of how they want wealth equalization.

How about you get paid what the market determines you make?

No education no skills=minimum wage. You're lucky we don't pay you what you're REALLY worth as 6 year old Asian boys can do a better job and a lot cheaper.

 

Viewpoints such as yours are why serious consideration should be given to a wage cap.

 

Because wealth is not static. Money is not static. The "pie" is continually growing and will continue to do so until 100% of the resources of the earth are utilized. Of course by then, we'll be mining resources from neighboring planets.

When you become a wealth creator instead of a burger flipper, you'll understand.

- - - Updated - - -

That's what all the minimum wage burger flippers say.

 

There is no part of capitalism the fascist left dont want to control.

As this video explains capitalism is simply people freely trading their property/ labor when they feel they gain some sort of benefit. Its what humans have done since day dot and the socialist fascists want to totally control it / you.

[video=youtube;CKAD28POlyU]http://www.youtube.com/watch?v=CKAD28POlyU[/video]

 

Dumb. Why would anyone work a whole year when they can stop at 250k? Do you think more people not working would be a good thing?

You fall for the fallacy that there is only so much money that can be made. Would you be better off if rock stars only put an album one year and didnt tour because there was nothing in it for them but risk? Would their roadies be better off? You get it right, no need to kick a dead horse.

 

The Market? so what is that exactly - other than a manipulation by the vested interests of capitalism.

And sounds like you approve of the exploitation of children, interesting. Not a Conservative are you?

 

It's that old euphemism again , IOW - wealth creator = idealised version of myself/narcissistic delusions of grandeur


Other than a few select individuals, this notion is nothing other than an excuse for ego-puffing.

 

I will point you towards The Apex Fallacy here.

Why fixate on rock stars, how about the millions of ordinary Joes just trying to make an honest living?

 

Set the cap at 1 Million/year.

Interesting concept.

 

1 million perhaps, but what % of the population actually earns that amount anyway? I would say that the number would be too small to create real democracy in this way.

 

Even for a communist this is a bad idea .
Remember it is not how much you make but how you are making them .

 

Yeah. Maybe that idea does suck.

Raise taxes (on the most wealthy). That is what we need to do.

 

Manipulation? No, it's simple supply and demand. While progressives are whining and complaining about their low wages working jobs that require no education or skill, high demand careers that involve education and/or skills are making excellent wages and benefits.

Really, at this point, the only jobs that are suffering are simpleton labor jobs as the value of simpleton labor has diminished significantly due to automation and computer technology.

I started working at 12 on a paper route. I learned a lot of simple economic lessons early on. Perhaps that what we should to to you simpleton progressives so you understand the value of things like showing up for work daily,education, work ethic.

 

I consider myself a moderate who leans to the left, and this is a (*)(*)(*)(*)ing retarded idea.

Seriously, how would you feel if you started your own business and earned your own money only to be told that you can't make more than a certain amount, especially a low amount of 250K? Do you realize how low of a cap that is? Any person who's even slightly successful and popular will hit that limit in no time, and then what? Do you expect their ambition to continue afterwards? Wealth equalization is stupid, and I highly believe you're a troll, judging by this post and a few others that you started.

 

Unfortunately, progressives operate under the premise that wealth and money are static. So whenever someone becomes successful? They are STEALING what progressives think they're entitled to for breathing/living. This is how they justify using state force to steal back what was never stolen in the first place.

 

If it's simply a matter of "ego-puffing" then all you progressives should have no problem becoming successful entrepreneurs and creating your own wealth while providing jobs to your fellow Americans.

 

Is this going to apply to all those government workers too? Starting with that 400k a year the president makes?
By the way I hope you enjoy being unemployed because that will be the result...

 

If you make money by using the COMMONS, then a portion of that wealth should be rolled directly back into the same.

We all benefit from those things.

 

It already is...

All though it would certainly be fun watching the government trying to get by on about 10 percent of the tax revenue it use to get while paying nearly infinitely more in unemployment benefits.

 

Even so, it is time to boost the middle class.

That is how we will improve this nation most effectively overall.