In Defense if a Maximum Wage

[Thermodolia]

Most amazon employees get paid about $20 an hour. So $21 extra an hour would be about $41 an hour or $85k a year

Quite obviously, that is not per hour.

If that was $21 per hour, it would necessitate Bezos to have a yearly wage of 280 billion.

14 million dollars divided by 650 000 Amazon employees is 21 dollars each. Per year.

Still not that bad

[Trumptonium1]

The answer to the principle of your strawman is yes.

Else the common man would be living in a mud hut. No successful society ever existed without finance, be it China or the US. The sole purpose of finance is to finance investment, or otherwise be the middleman in a world of information asymmetry.

Ehh, no, usury is not the foundation of civilization. Nice try tho

But it is.

It's funny you say that, because society didn't really develop until Jews began merchant banking dynasties in Europe, as Christians were banned from "usury." They provided finance for development. Oh, that includes the financing of Columbus' 1492 voyage.

FTFY.


For example, the pay of athletes and actors should be capped. It doesn't matter that they're who the audiences want to see, their pay should be capped so that the team owners and movie studios can rake in as much money as they can. Ditto stock traders; it they pick a winning stock, the owners of the trading house should keep the money.

Marketing folks are similar: it doesn't matter if their clever ad campaign brings in a billion dollars to the company that hired them, they should get a few bucks, and the company's owners should reap the profits. It's not like creativity is worth rewarding.

[Sarcasm captioned for the deadpan impared.]

I don't have an issue with wealth per se, I oppose income tax and inheritance tax and property tax.

So you oppose people getting high wages if they earnt it even if they come from a lower class family, but you absolutely uphold the right of centuries-old dynasties to continue to hold their wealth even though they did nothing whatsoever to deserve it other than be born in it, and, moreover, you believe it to be a natural right to inherit billions in wealth and own cornucopian properties covered in gold dust, all unabated by tax?

That makes sense, yes.

Sorry Johnny from Detroit, I know you made this new software for the healthcare industry but I can't allow you to earn more than $1 million. That's just excessive, socially harmful and breeds resentment. Perhaps take a break from working all the time, there's no point working harder. Why do you need more than $1 million anyway?

Why yes John Huntingdon III, thou shalt inherit the land empire brought forth by your ancestors to the value of $20 000 000 000, it is immoral to take a cut of it away from you. Feel free to jet off on international shopping streaks in your private jet twice a week, why would we stop you? That wealth is your divine right.

Now that I think of it, your idea is probably the best way to increase inequality as fast as possible. It keeps wealth concentrated at the top and stops anyone penetrating the group.

[Pasong Tirad]

Fun fact, I will work less beginning from the new year. Because I can.

Which is likely what will happen for a variety of jobs. If the wage is set, then we'll just reduce the hours.

Sounds like a great incentive to cap wages. I'll finally be able to have a life outside of my 8 to 5.

But maximum wealth sounds like a better idea. 90%+ income tax for people earning way too much than is actually realistic.

[United Muscovite Nations]

Most amazon employees get paid about $20 an hour. So $21 extra an hour would be about $41 an hour or $85k a year

Quite obviously, that is not per hour.

If that was $21 per hour, it would necessitate Bezos to have a yearly wage of 280 billion.

14 million dollars divided by 650 000 Amazon employees is 21 dollars each. Per year.

This ignores all of his other forms of income. If you include everything, Bezos makes billions of dollars per year, very little of which he actually needs or could possibly use.

[Senkaku]

or could possibly use.

I mean, this isn't true, there's all kinds of things you can spend billions of dollars on (spaceships, weapons development, and infrastructure all come to mind)

[United Muscovite Nations]

or could possibly use.

I mean, this isn't true, there's all kinds of things you can spend billions of dollars on (spaceships, weapons development, and infrastructure all come to mind)

Yes, but governments do that, not individuals. Is there really any reason why Jeff Bezos would spend hundreds of billions of dollars on developing weapons for himself?

[Senkaku]

I mean, this isn't true, there's all kinds of things you can spend billions of dollars on (spaceships, weapons development, and infrastructure all come to mind)

Yes, but governments do that, not individuals.

Tell that to Elon Musk and SpaceX lol. A couple more billionaires with similarly outrageous ideas and we might be better off as a species (or much, much worse off, but at least they'd be doing something with the money I guess lol)

If Bezos plowed a bunch of his own money into Blue Origin, they could do some neat stuff in space, perhaps

Is there really any reason why Jeff Bezos would spend hundreds of billions of dollars on developing weapons for himself?

...I mean, there probably could be, but hopefully Amazon isn't planning on taking over the world any time soon. And he doesn't really seem like the Iron Man type.

[Western Vale Confederacy]

Is a maximum wage a concept that our timeless saviour Huey P. Long was striving for?

It certainly might be a concept worth studying and implementing...

[Kombinita Socialisma Demokratio]

(Local revenue - taxes and upkeep) / (workers / 0.8 ) — minimum starting (trial time; first ten work days) and also demotional level
(Local revenue - taxes and upkeep) / (workers / 1.0) — minimum for more veteran workers
(Local revenue - taxes and upkeep) / (workers / 1.3) — maximum (per job) for everyone but managers (their maximum is 12/13 of this) and religious leaders (their maximum is the lower 20 percentile of salaries of their employed followers at their place of worship, and paid for solely by donations); includes all sources of income
Salaries of people who are athletes are also capped at the normal amount for managers, but is paid for solely by donation

Coworkers and when possible, the customers/clients/public vote on who needs a promotion or demotion
——if voted to be demoted from lowest level, give a notice/last chance to improve
———no improvement after 1.5x reasonable time, fire
——if vote discovered to influenced by bribery, hate, bias, or other corruption, the person at fault makes up for the difference
——if voted to be promoted from highest level, give extra vacation time, and let all who desire to pitch in for a gift or bonus
Workers (and possibly customers.clients/public) vote on who is a manager

To encourage some jobs more than others, pay students for simply training/learning for it (as opposed to simply paying for the education (possibly only to a point))

[Saiwania]

The reason CEOs get paid so much is that typically they get paid in stock options rather than just a set salary approved by a board.

If a CEO does well and makes decisions that have the net effect of making a company grow, be more efficient, successful, etc. that increases the value of that company's stock which means they make boatloads of money if they have a ton of their company's stock. Via their job, they don't have to purchase every individual share, they can be given a large amount of shares as part of whatever compensation package they get for their work.

[Trumptonium1]

Quite obviously, that is not per hour.

If that was $21 per hour, it would necessitate Bezos to have a yearly wage of 280 billion.

14 million dollars divided by 650 000 Amazon employees is 21 dollars each. Per year.

This ignores all of his other forms of income. If you include everything, Bezos makes billions of dollars per year, very little of which he actually needs or could possibly use.

I'm very interested as to how Bezos makes billions of dollars per year.

If I own two properties, and they are 'judged' to be worth 500 000 now as opposed to 400 000 last year, did I just make 100 000? And if so, should I pay tax on it? And if so, should I be forced to sell one of those houses to pay the tax? And if yes, what if inevitably the house sells for a lower price and I can't cover the tax?

If Bezos was forced to sell his stock, the stock would be worth less. You're forcing him to flood the market with additional supply of Amazon stock -- i.e. price goes down.


Also, to everyone here who supports this - you do realise for any of this to work, you effectively need to pull a Leninist world conquering spree right? Because people earning these wages can simply move out. There'll always be someone willing to take them in.

[Kombinita Socialisma Demokratio]

This ignores all of his other forms of income. If you include everything, Bezos makes billions of dollars per year, very little of which he actually needs or could possibly use.

I'm very interested as to how Bezos makes billions of dollars per year.

If I own two properties, and they are 'judged' to be worth 500 000 now as opposed to 400 000 last year, did I just make 100 000? And if so, should I pay tax on it? And if so, should I be forced to sell one of those houses to pay the tax? And if yes, what if inevitably the house sells for a lower price and I can't cover the tax?

If Bezos was forced to sell his stock, the stock would be worth less. You're forcing him to flood the market with additional supply of Amazon stock -- i.e. price goes down.


Also, to everyone here who supports this - you do realise for any of this to work, you effectively need to pull a Leninist world conquering spree right? Because people earning these wages can simply move out. There'll always be someone willing to take them in.

Exit tax for tax evaders who are caught can solve some of it.
That argument can apply to most crimes as well. People who want to do something illegal here can do it anyway (and face the risk of getting caught), or leave and do it where it is legal.

[Darussalam]

If anything CEOs are underpaid, so obviously we need to subsidize CEOs from the money of unproductive pencil pushers, former felons, and soon-to-be-automateds.

[Kowani]

If your wealth gets to the point where you could spend a 1000 a minute and not go bankrupt, I think that you’ve reached the point where complaining about a max wage is just insane.

[Mardla]

Ehh, no, usury is not the foundation of civilization. Nice try tho

But it is.

It's funny you say that, because society didn't really develop until Jews began merchant banking dynasties in Europe, as Christians were banned from "usury." They provided finance for development. Oh, that includes the financing of Columbus' 1492 voyage.

I don't have an issue with wealth per se, I oppose income tax and inheritance tax and property tax.

So you oppose people getting high wages if they earnt it even if they come from a lower class family, but you absolutely uphold the right of centuries-old dynasties to continue to hold their wealth even though they did nothing whatsoever to deserve it other than be born in it, and, moreover, you believe it to be a natural right to inherit billions in wealth and own cornucopian properties covered in gold dust, all unabated by tax?

That makes sense, yes.

Sorry Johnny from Detroit, I know you made this new software for the healthcare industry but I can't allow you to earn more than $1 million. That's just excessive, socially harmful and breeds resentment. Perhaps take a break from working all the time, there's no point working harder. Why do you need more than $1 million anyway?

Why yes John Huntingdon III, thou shalt inherit the land empire brought forth by your ancestors to the value of $20 000 000 000, it is immoral to take a cut of it away from you. Feel free to jet off on international shopping streaks in your private jet twice a week, why would we stop you? That wealth is your divine right.

Now that I think of it, your idea is probably the best way to increase inequality as fast as possible. It keeps wealth concentrated at the top and stops anyone penetrating the group.

Can't help but notice that you lionize Jewish "dynasties" yet castigate goyish "dynasties" in the same post.

[Trumptonium1]

But it is.

It's funny you say that, because society didn't really develop until Jews began merchant banking dynasties in Europe, as Christians were banned from "usury." They provided finance for development. Oh, that includes the financing of Columbus' 1492 voyage.



So you oppose people getting high wages if they earnt it even if they come from a lower class family, but you absolutely uphold the right of centuries-old dynasties to continue to hold their wealth even though they did nothing whatsoever to deserve it other than be born in it, and, moreover, you believe it to be a natural right to inherit billions in wealth and own cornucopian properties covered in gold dust, all unabated by tax?

That makes sense, yes.

Sorry Johnny from Detroit, I know you made this new software for the healthcare industry but I can't allow you to earn more than $1 million. That's just excessive, socially harmful and breeds resentment. Perhaps take a break from working all the time, there's no point working harder. Why do you need more than $1 million anyway?

Why yes John Huntingdon III, thou shalt inherit the land empire brought forth by your ancestors to the value of $20 000 000 000, it is immoral to take a cut of it away from you. Feel free to jet off on international shopping streaks in your private jet twice a week, why would we stop you? That wealth is your divine right.

Now that I think of it, your idea is probably the best way to increase inequality as fast as possible. It keeps wealth concentrated at the top and stops anyone penetrating the group.

Can't help but notice that you lionize Jewish "dynasties" yet castigate goyish "dynasties" in the same post.

I don't lionise them, I am merely providing an explanation as to how they developed and to how they were necessary for society to progress and without them we would be living in the dark ages.

I don't castigate them, I am merely pointing towards the social uselessness of many descendants. In fact, it was your own choice to interpret them as WASPs, because I only talked about wealth. They could have been Jewish.

To quell your fears, I am indeed a plebeian goy.

[Darussalam]

Without usury, Christians would be on the same civilizational level as Muslims today

[Cetacea]

Havent read any other reply, but I like the notion of Wage Ratios between Highest paid executive and lowest paid worker. All people worker in a company add to the profitability of the business and thus should all share, albeit that those who lead are entitled to a higher value.
Risk taking should also be recognised and fair recognition of performance can be given too

[Western Vale Confederacy]

If your wealth gets to the point where you could spend a 1000 a minute and not go bankrupt, I think that you’ve reached the point where complaining about a max wage is just insane.

Why people need such insane amounts of money (and mansions the size of the Vatican, gold-plated everything) is beyond me.

I'm just here with my goddamn PC, an old set of fucking plushies and those ancient family belongings being the material possession I consider the most important...

[US-SSR]

It’d be better to limit the amount people in a company can earn in comparison to the lowest paid worker. So if you make it that no one can earn 20x the lowest paid worker, any CEO who wants a massive salary would have to increase the pay of their workers.

And obviously it’d have to include bonuses, portfolio pay, ect. And harsh penalties for evasion.

Excellent idea. Confiscatory taxation for all wages above 20x minimum wage.

[Petrolheadia]

But it is.

It's funny you say that, because society didn't really develop until Jews began merchant banking dynasties in Europe, as Christians were banned from "usury." They provided finance for development. Oh, that includes the financing of Columbus' 1492 voyage.



So you oppose people getting high wages if they earnt it even if they come from a lower class family, but you absolutely uphold the right of centuries-old dynasties to continue to hold their wealth even though they did nothing whatsoever to deserve it other than be born in it, and, moreover, you believe it to be a natural right to inherit billions in wealth and own cornucopian properties covered in gold dust, all unabated by tax?

That makes sense, yes.

Sorry Johnny from Detroit, I know you made this new software for the healthcare industry but I can't allow you to earn more than $1 million. That's just excessive, socially harmful and breeds resentment. Perhaps take a break from working all the time, there's no point working harder. Why do you need more than $1 million anyway?

Why yes John Huntingdon III, thou shalt inherit the land empire brought forth by your ancestors to the value of $20 000 000 000, it is immoral to take a cut of it away from you. Feel free to jet off on international shopping streaks in your private jet twice a week, why would we stop you? That wealth is your divine right.

Now that I think of it, your idea is probably the best way to increase inequality as fast as possible. It keeps wealth concentrated at the top and stops anyone penetrating the group.

Can't help but notice that you lionize Jewish "dynasties" yet castigate goyish "dynasties" in the same post.

You seem to have failed to notice Johnny from Detroit, which doesn't really have much of a large Jewish population, and that the arguments are used for two different time periods.

What a fool believes, he sees.

[Petrolheadia]

Quite obviously, that is not per hour.

If that was $21 per hour, it would necessitate Bezos to have a yearly wage of 280 billion.

14 million dollars divided by 650 000 Amazon employees is 21 dollars each. Per year.

Still not that bad

It's twenty-fucking-one dollars. Not enough to buy a third of a pack of Mentos a day.

[LiberNovusAmericae]

No, just let the market work like it should.

[Petrolheadia]

(Local revenue - taxes and upkeep) / (workers / 0.8 ) — minimum starting (trial time; first ten work days) and also demotional level
(Local revenue - taxes and upkeep) / (workers / 1.0) — minimum for more veteran workers
(Local revenue - taxes and upkeep) / (workers / 1.3) — maximum (per job) for everyone but managers (their maximum is 12/13 of this) and religious leaders (their maximum is the lower 20 percentile of salaries of their employed followers at their place of worship, and paid for solely by donations); includes all sources of income

TIL every worker has evactly the same productivity and takes exactly the same amount of time in schooling, and no skill is rarer than another.

[LiberNovusAmericae]

If anything CEOs are underpaid, so obviously we need to subsidize CEOs from the money of unproductive pencil pushers, former felons, and soon-to-be-automateds.

That is a pretty stupid idea to say the least. I hope you are being sarcastic. If a CEO fails at running a business, let him or her fall.