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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose ti
I think his cap was too low but more than 3 million might work
http://articles.latimes.com/1992-04-08/local/me-457_1_maximum-wage
randys1
(16,286 posts)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
hifiguy
(33,688 posts)But then I have been a big fan of FDR forever.
Ichingcarpenter
(36,988 posts)LOL.
Gidney N Cloyd
(19,824 posts)Ichingcarpenter
(36,988 posts)what's your point?
Gidney N Cloyd
(19,824 posts)If done in Roosevelt's time you'd forever have an old money ruling class of Mellons, Rockefellers, Du Ponts, etc. passing the wealth and power from generation to generation.
Ichingcarpenter
(36,988 posts)I'm missing your point or logic or were you being sardonic?
Throd
(7,208 posts)Ichingcarpenter
(36,988 posts)what's your point?
Throd
(7,208 posts)Ichingcarpenter
(36,988 posts)So go troll that one.
Still you give no reason swhy this is wrong.
Throd
(7,208 posts)How will this make your life better?
Ichingcarpenter
(36,988 posts)How can your life be better because of inequality?
Seems you are make it about the ego.
Throd
(7,208 posts)And just how would this be enforced?
Ichingcarpenter
(36,988 posts)My life would be improved by the 99% lives being improved
by better housing, food, education, infrastructure etc.
Thus living in a safer better world.
Throd
(7,208 posts)Changing tax law so that the super-wealthy pay their "fair share" is one thing.
Capping income at some arbitrary figure is not workable.
Ichingcarpenter
(36,988 posts)What is ''FAIR SHARE''..............?
LanternWaste
(37,748 posts)In other words, "how would greater equality make your life better?"
Six of one, half a dozen of the other...
1939
(1,683 posts)In absolute dollar terms, the high income earners do pay more in taxes.
MohRokTah
(15,429 posts)Ichingcarpenter
(36,988 posts)you are a billionaire or love them?
give me your thesis!!!!
MohRokTah
(15,429 posts)Human nature is competitive. Destroy competition in economics and you destroy the economy
Nope, you'll never get me on board with that ludicrous idea.
Ichingcarpenter
(36,988 posts)being good for humanity
jonno99
(2,620 posts)(better quality goods), or better service.
When you need to buy anything, or have any work done, don't you invariably look for the highest quality good or service at the most affordable price?
Ichingcarpenter
(36,988 posts)the societal needs override that egotistic endeavor vs the humanity clause
Telsa gave you the best mousetrap for nothing................ Edison stole it.
jonno99
(2,620 posts)Rex
(65,616 posts)And since very few can, it will work out great for society. That is a nice thought about competition, but it is not true since everyone will strive to reach the maximum wage.
Throd
(7,208 posts)Rex
(65,616 posts)Thanks for that point.
MohRokTah
(15,429 posts)What does one strive for after the maximum wage is reached.
Nope, I would oppose such nonsense with my last breath. It's about the stupidest idea ever floated.
Rex
(65,616 posts)I really could care less what you oppose. You want there to be 10 people with all the wealth in the world, so your ideas are not really viable to the real world.
They could give the rest away to charity, that really bothers you I bet.
Nye Bevan
(25,406 posts)Ichingcarpenter
(36,988 posts)How much is too much?....... How much is too little?
to even the playing field...... or is everything good right now?
geek tragedy
(68,868 posts)Big salaries are for their most prized hired help.
Ichingcarpenter
(36,988 posts)that the language is blured on salaries vs compensation.
geek tragedy
(68,868 posts)Rex
(65,616 posts)I would say it is an idea long overdue.
Ichingcarpenter
(36,988 posts)artists, musicians, inventors etc..
But with so much billions they may rake in they are still human and at that level it can't be mentally healthy.
Even The Beatles were taxed heavily.
Rex
(65,616 posts)Investment bankers, real estate tycoons, high rolling gamblers willing to gamble our future for instant profit. We've let this unheard of 'global welfare state' grow to cater to political-corporations...yet we cannot feed 30 million children in America that go to bed hungry.
We can waste 620 billion on bombs and bullets, but not a mere 30 billion on butter and milk.
Ichingcarpenter
(36,988 posts)and it is an international wealthy cabal that is making it worse for all of humanity.
Not the other way around...... which they try to tell us
I think my thread started a discussion\
BTW
My X wife is now dealing with Syrian refugees with PTSS in therapy
Syrian scholars have been renowned for centuries including this one.
Yet we destroy what we can't understand.
Rex
(65,616 posts)of just a few rich nations. What gets me, is how little people grasp the danger here. Even with all the evidence that we need a new system, people just cling to their old ways. Even if they know those ways are self-destructive.
Ichingcarpenter
(36,988 posts)And a paradigm broken or breaking is something that happens if we like it or understand it or not, but its still happening.
When I first heard of this term was in the early 90s for one of my degrees.
The example the professor gave was how the Swiss who had the rights to the digital watch gave it to the Japanese cause ......... no one wanted an electronic watch from a nation of watch builders.
I see other coming major paradigms being broken but only when you search for the truth. But the truth now is ridicule as being a truther...... irony.
Anyway there are solutions for our planetary crisis and it an't coming from the status quo or the mega rich.
PowerToThePeople
(9,610 posts)So, if the other 6 billion people decided they no longer wanted that, how long would it take to be rid of them? We may need more decimal places on our stopwatch.
Ichingcarpenter
(36,988 posts)vs a welfare system of thought.
Rex
(65,616 posts)If there was some way to suppress such knowledge, you can be dam well assured the Koch brothers would be doing it right now instead of trying to buy the WH.
Bucky
(53,965 posts)He once brought in armed state troopers to intimidate the Louisiana state legislature into voting his way. He was a dangerous man and his idea of capping salaries would have turned Ayn Rand's books into pure prophesy.
moondust
(19,963 posts)No room for hordes of tax evaders.