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How About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose ti (Original Post) Ichingcarpenter Oct 2015 OP
Would resolve most economic issues in short term, but long term we still must randys1 Oct 2015 #1
Sounds good to me. hifiguy Oct 2015 #2
Well this board has some problems with his thinking Ichingcarpenter Oct 2015 #11
Wouldn't that have locked in a permanent group of upper class people? Gidney N Cloyd Oct 2015 #3
uber class or upper class... Ichingcarpenter Oct 2015 #5
My point is it seems like one outcome would be to protect a permanent upper class from competition. Gidney N Cloyd Oct 2015 #23
Excuse me?...... the Rockfellers and Du Ponts don't have power now? Ichingcarpenter Oct 2015 #33
Wouldn't that also limit the amount of taxes they could pay? Throd Oct 2015 #4
they pay nothing now? Ichingcarpenter Oct 2015 #6
Actually they do. Throd Oct 2015 #10
Soros admitted his secretary paid more taxes than him. Ichingcarpenter Oct 2015 #13
Give me a reason why this is the right thing to do. Throd Oct 2015 #16
Your life........ is tied to all life Ichingcarpenter Oct 2015 #18
Again, how would this make your life better? Throd Oct 2015 #20
Enforcement comes from democracy Ichingcarpenter Oct 2015 #21
You're just not going to give a straight answer are you? Throd Oct 2015 #24
When should they be taxed at 100$% Ichingcarpenter Oct 2015 #27
Six of one, half a dozen of the other... LanternWaste Oct 2015 #25
What he meant was that her marginal tax rate was higher than his. 1939 Oct 2015 #28
I would oppose a "maximum wage" vehemently. eom MohRokTah Oct 2015 #7
LOL........... because Ichingcarpenter Oct 2015 #8
Because a "maximum wage" would destroy competition. MohRokTah Oct 2015 #9
Thank you for your thesis on competition Ichingcarpenter Oct 2015 #15
Ummm...competition is utltimately good for all. Without it you would seldom get a "better mousetrap" jonno99 Oct 2015 #34
Competion is good up to a point but then the social construct of Ichingcarpenter Oct 2015 #42
Who decides "the point"? And how do we keep ego out of THAT process? nt jonno99 Oct 2015 #45
Not really, everyone would strive to reach the maximum wage. Rex Oct 2015 #35
Isn't that what most people are doing now? Throd Oct 2015 #36
Yes so competition would still be alive and healthy. Rex Oct 2015 #37
That's just silly MohRokTah Oct 2015 #40
Then that means it is a great idea, thanks. Rex Oct 2015 #41
Jeff Bezos's salary is about $81,000 Nye Bevan Oct 2015 #12
Salary is relative to wage and benifits and CEO's perks Ichingcarpenter Oct 2015 #14
the .01% don't earn their money via salaries geek tragedy Oct 2015 #17
Well the article did point that out Ichingcarpenter Oct 2015 #19
a wealth tax is a much better idea, but we may need a constitutional amendment for that nt geek tragedy Oct 2015 #22
Considering 80 people own over half of all the wealth on the planet Rex Oct 2015 #26
I think society should reward the risk takers and innovators Ichingcarpenter Oct 2015 #29
True, but it is not the artists musicians and inventors among that 80. Rex Oct 2015 #32
We are in a planetary crisis that goes beyond the nation state. Ichingcarpenter Oct 2015 #39
I think that is the key point here, we are in a planetary crisis that is way beyond the scope Rex Oct 2015 #43
The paradigm has shifted for those that are paying attention Ichingcarpenter Oct 2015 #44
80 people? PowerToThePeople Oct 2015 #30
This why a guarantee income is being discussed also Ichingcarpenter Oct 2015 #31
The only reason the billionaires are discussing it at all is due to the Information Age. Rex Oct 2015 #38
That wasn't FDR; it was Huey Long, an FDR hater & crazed demagogue Bucky Oct 2015 #46
Sorry, the prisons are full. moondust Oct 2015 #47

randys1

(16,286 posts)
1. Would resolve most economic issues in short term, but long term we still must
Fri Oct 23, 2015, 02:35 PM
Oct 2015

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

Gidney N Cloyd

(19,824 posts)
23. My point is it seems like one outcome would be to protect a permanent upper class from competition.
Fri Oct 23, 2015, 03:04 PM
Oct 2015

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)
33. Excuse me?...... the Rockfellers and Du Ponts don't have power now?
Fri Oct 23, 2015, 03:22 PM
Oct 2015

I'm missing your point or logic or were you being sardonic?

Ichingcarpenter

(36,988 posts)
13. Soros admitted his secretary paid more taxes than him.
Fri Oct 23, 2015, 02:49 PM
Oct 2015

So go troll that one.


Still you give no reason swhy this is wrong.

Ichingcarpenter

(36,988 posts)
18. Your life........ is tied to all life
Fri Oct 23, 2015, 02:55 PM
Oct 2015

How can your life be better because of inequality?

Seems you are make it about the ego.

Ichingcarpenter

(36,988 posts)
21. Enforcement comes from democracy
Fri Oct 23, 2015, 03:01 PM
Oct 2015

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)
24. You're just not going to give a straight answer are you?
Fri Oct 23, 2015, 03:05 PM
Oct 2015

Changing tax law so that the super-wealthy pay their "fair share" is one thing.

Capping income at some arbitrary figure is not workable.

 

LanternWaste

(37,748 posts)
25. Six of one, half a dozen of the other...
Fri Oct 23, 2015, 03:07 PM
Oct 2015

In other words, "how would greater equality make your life better?"

Six of one, half a dozen of the other...

1939

(1,683 posts)
28. What he meant was that her marginal tax rate was higher than his.
Fri Oct 23, 2015, 03:12 PM
Oct 2015

In absolute dollar terms, the high income earners do pay more in taxes.

 

MohRokTah

(15,429 posts)
9. Because a "maximum wage" would destroy competition.
Fri Oct 23, 2015, 02:47 PM
Oct 2015

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.

jonno99

(2,620 posts)
34. Ummm...competition is utltimately good for all. Without it you would seldom get a "better mousetrap"
Fri Oct 23, 2015, 03:22 PM
Oct 2015

(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)
42. Competion is good up to a point but then the social construct of
Fri Oct 23, 2015, 03:42 PM
Oct 2015

the societal needs override that egotistic endeavor vs the humanity clause

Telsa gave you the best mousetrap for nothing................ Edison stole it.

 

Rex

(65,616 posts)
35. Not really, everyone would strive to reach the maximum wage.
Fri Oct 23, 2015, 03:22 PM
Oct 2015

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.

 

MohRokTah

(15,429 posts)
40. That's just silly
Fri Oct 23, 2015, 03:33 PM
Oct 2015

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)
41. Then that means it is a great idea, thanks.
Fri Oct 23, 2015, 03:34 PM
Oct 2015

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.

Ichingcarpenter

(36,988 posts)
14. Salary is relative to wage and benifits and CEO's perks
Fri Oct 23, 2015, 02:51 PM
Oct 2015

How much is too much?....... How much is too little?

to even the playing field...... or is everything good right now?

 

Rex

(65,616 posts)
26. Considering 80 people own over half of all the wealth on the planet
Fri Oct 23, 2015, 03:07 PM
Oct 2015

I would say it is an idea long overdue.

Ichingcarpenter

(36,988 posts)
29. I think society should reward the risk takers and innovators
Fri Oct 23, 2015, 03:15 PM
Oct 2015

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)
32. True, but it is not the artists musicians and inventors among that 80.
Fri Oct 23, 2015, 03:20 PM
Oct 2015

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)
39. We are in a planetary crisis that goes beyond the nation state.
Fri Oct 23, 2015, 03:32 PM
Oct 2015

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)
43. I think that is the key point here, we are in a planetary crisis that is way beyond the scope
Fri Oct 23, 2015, 03:46 PM
Oct 2015

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)
44. The paradigm has shifted for those that are paying attention
Fri Oct 23, 2015, 04:02 PM
Oct 2015

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)
30. 80 people?
Fri Oct 23, 2015, 03:15 PM
Oct 2015

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.

 

Rex

(65,616 posts)
38. The only reason the billionaires are discussing it at all is due to the Information Age.
Fri Oct 23, 2015, 03:29 PM
Oct 2015

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)
46. That wasn't FDR; it was Huey Long, an FDR hater & crazed demagogue
Fri Oct 23, 2015, 04:55 PM
Oct 2015

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.

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