Let’s Set a Maximum Wage for the Rich | The Tyee
Let’s Set a Maximum Wage for the Rich | The Tyee
According to ‘Limitarianism,’ no one deserves to be a billionaire. Not even Taylor Swift.
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you dont need a max wage if you tax effectively. it would be 100% past a certain, massive amount.
That's exactly how the article suggests setting the maximum.
"Wage" is rather poor wording then.
Wage is worthless wording. Most ultra rich don’t have wages - at least not relative to their change in worth. We need to change how taxes fundamentally work.
Anyone with two brain cells can understand that it's a wordplay on "minimum wage" and the implementation of this isn't really going to rely on the narrow definition of wages.
It seems unwise to rely on the uneducated masses to interpret things correctly. Perhaps clearer communication would be helpful.
That's why there's a whole text with explanations right below the headline
There are more words????
As you can see, lots of people don't read those explanations.
Perhaps clearer communication would be beneficial.
How does that work when the super rich don’t pay any taxes to begin with? How do you tax wealth? How do you tax loans against shares?
in the united states, there were all kinds of 'wealth' taxes that prevented the loop holes. all that was systematically deleted over the last 60 years as conservatives decided 'me want money, fuck society'
Make it illegal to use shares as collateral for a loan. If a person can pay back a loan, they can buy back the shares after they sell them because they need money. Now people are paying capital gains taxes.
Ok but how are you supposed to do that when the most powerful and influential people in the world are the very people who rely on that method to maintain their power and influence?
Execution? 🤷🏻♂️
You tax holdings.
That just sounds like a maximum wage but with more steps.
its actually a max wage with fewer steps. no need to have a max wage definition at all, just extend current tax practices.
e. less to fewer, because details matter
Plus it actually could be used to do something* crazy, like help people or the environment.
- Autocorrect awesome sauce
If the U.S. managed to do it, they'd use it to build up the military.
Iirc DoD... Yeah, never passed an audit
Take a listen to the recent Grey Area podcast episode with Ingrid Robeyns. Her book is "Limitarianism: The Case Against Extreme Wealth." and they talk about this very subject.
