A maximum wage - good idea?

[Reverend Rick]

100K, nnmartin makes that sound like alot of money. Do you realise how much a person making 100K gets to keep for themselves?

 

[blackout]

Entire suburban towns would have to be leveled.
Even the McMansion could not nearly be paid for on 100k.

And then the more historic towns with the large old beautiful homes,
and architecturally triumphant estates...
no one could afford to live in them.


But no matter. The Brain Surgeon and her secretary, would be neighbors,
on the same culdesak!

 

[Reverend Rick]

Basically we can close down all the best places of higher learning, no one could afford to send their kids there any more. All the folks who make small aircraft would now be out of a job. NYC would be a ghost town. All the beach front properties would be in tax forecloser. Family farms would be shut down. Our government would be bankrupt because the top 1% pay 90% of the taxes and that would not happen any more.

 

[darkendless]

It makes about as much sense as rewarding unsuccessful folks, we have been doing that for years.

Feels like it. I get absolutely murdered in tax every week. Its because over here we have tax brackets and I fall just inside one of them meaning I get less in the bank that a high earner in the lower tax bracket.

Sucks terribly.

 

[blackout]

Basically we can close down all the best places of higher learning, no one could afford to send their kids there any more. All the folks who make small aircraft would now be out of a job. NYC would be a ghost town. All the beach front properties would be in tax forecloser. Family farms would be shut down. Our government would be bankrupt because the top 1% pay 90% of the taxes and that would not happen any more.

Exactly! lol!

The govt. wouldn't win in the tax dept. OR in the "give us your overpay" dept.

Who the hell would work beyond their 100k JUST to pay the govt?!
And then there would BE no rich to tax... so....
Some of us would just have more time off than others of us is all. :flirt:


And besides that, all of the insurace and red tape BS some professionals deal with,
even if business costs were an allowable extra,
it really wouldn't be worth the effort in the end.

Imagine you had to work to pay 500k in legal and operational expenses a year,
and all you stood to make from all that aggravation and extra work was 100k personally? hehe.... I don't think so.:no:

The SMARTEST people would find a way to make their 100k quickest,
with the least possible expenses,
and take the rest of the year off. :yes:

 

[nnmartin]

So your solution for keeping businesses here that would most likely move because you put a cap on their wages is to force them to stay here? And you don't see a problem with that sort of idea?

it is more a restriction on the individual.

anyway, the first option that I outlined seems more appropriate.

ie: people can leave but not take all their money with them.

also, one must remember that even though a business may be successful in its home country then it cannot just move and be a success elsewhere as obviously it will lose its customer base and have to compete against existing businesses in the new country.

So with this in mind, most businesses would be better off staying put anyway.

 

[nnmartin]

100k? lol.

You're not living in economic reality.
(Neither are you living in the NorthEast with 4 kids.)

first of all, the 100k figure is just an estimate - the exact amount would be worked out by a panel of experts.

Benefits for children may be added to the 100K if needed - this would be in the form of a welfare payment.

 

[nnmartin]

100k is too small.

I'm no expert on taxation but I do get annoyed looking at how much I get taxed a week when if I worked at McDonalds i'd earn a comparative amount because i'd get taxed significantly less.

I was once in the situation in the past that I had to turn down overtime because it put you into the next tax bracket and the extra earnings only worked out to around $3 per hour. (this was in a call centre in the UK)

as far as I know, this situation still exists.

anyway , with this new 100K system everyone would pay the same rate of tax.

 

[Reverend Rick]

first of all, the 100k figure is just an estimate - the exact amount would be worked out by a panel of experts.

Benefits for children may be added to the 100K if needed - this would be in the form of a welfare payment.

So you want to put people who make 100K on welfare?

 

[Reverend Rick]

anyway , with this new 100K system everyone would pay the same rate of tax.

You do realise that most folks working at McDonalds don't pay federal income tax right? So who would be better off? The poor service worker who now has to pay the same taxes as someone making a 100K or would no one pay taxes now?

Do the math, the government would be broke and could no longer pay old folks pensions.

 

[Kerr]

There is enough talk about the minimum wage but how about introducing a maximum?

This sounds like a good idea in theory as it would stop massive exploitation and inequality.

Once you earned a certain amount (say $100k/year) then any profits would have to return to the state.

How about this for a new economic and social policy?

Idealistic yes, for sure - but could it work?

Its a bad idea and hardly realistic. The world is too dynamic for such a policy.

 

[nnmartin]

You know what it means?

It means that the very best people in their fields,
will work less, reaching less people,
thus having less of a wonderful and important impact on the people,
society and world around them.

You may have to settle for a less competent surgeon,
a less competant researcher,
a less competant educator,
a less competant contractor/builder/architect.... etc etc.

I mean... if you can't actually PAY them for their work...
they may as well have an extra day off or two. (or three... or four...)

no , this is not how it will be.

All these kinds of worker will be on a monthly salary.

So in order to receive this they will have to work the full month - not possible to just take days of when they feel like it.

To get the position in the first place, the worker will have to study as usual - the incentive will be there to get a better job and pay but the salary will have a ceiling.

Most people would be happy with a salary of around 100K anyway and in reality do not even get this amount under the present system.

 

[nnmartin]

And does it rise equivalently to the cost of living?
And does it take into account the vast difference
of the cost of living in different areas of the country?
Does it take into account the number of dependents being supported?

The system will equalise as much as possible, the cost of living in the different parts of the country - ie: the more expensive areas will be subsidised.

Those with dependents will be able to dip into an extra social fund as necessary

And does it take into account that some people's careers
basically ARE their whole life?

Yes it does , because these people may well be able to reach the high figure of 100K plus potential fringe benefits.

Directors of large projects and organizations....
Who the hell's gunna do that without compensation.
As in, it's a 24/7 affair.....without pay.

There will be more than 1 director in these companies, thus the workload will be shared. So there will be very little in the way of 24/7 style work.

And besides, people who actually contribute to society at Large,
or give something of Large importance, or draw Large crowds...
should be compensated, AT LARGE, by the society they have produced for.

and so they will be , but only up to 100K if their work is considered worthwhile enough by the policy board.

I will pay certain individuals for their work.
I will NOT pay the government for their work however.
duh. And why should I?

Because the government will be looking after you and the country.

 

[blackout]

no , this is not how it will be.

All these kinds of worker will be on a monthly salary.

So in order to receive this they will have to work the full month - not possible to just take days of when they feel like it.

To get the position in the first place, the worker will have to study as usual - the incentive will be there to get a better job and pay but the salary will have a ceiling.

What other kinds of workers are there in nnmartinsville?

 

[nnmartin]

It makes about as much sense as rewarding unsuccessful folks, we have been doing that for years.

You won't be punished.

You will be rewarded with the highest salary obtainable - this will be high relative to the average which will more than compensate for any perceived financial loss.

Do you really need 3 cars for instance?

One is sufficient in most cases.

 

[nnmartin]

Entire suburban towns would have to be leveled.
Even the McMansion could not nearly be paid for on 100k.

And then the more historic towns with the large old beautiful homes,
and architecturally triumphant estates...
no one could afford to live in them.

No reason to level suburban towns - there would be very little in the way of private landlords thus rent would be kept down to a realistic level.

As for Macdonalds - places like that would be abolished.

Old country mansions would be shared by several families.

]But no matter. The Brain Surgeon and her secretary, would be neighbors,
on the same culdesak!

but that is a good thing surely?

All in it together and little class based arrogance - this needs to be done away with.

 

[blackout]

The system will equalise as much as possible, the cost of living in the different parts of the country - ie: the more expensive areas will be subsidised.

Those with dependents will be able to dip into an extra social fund as necessary

Yes it does , because these people may well be able to reach the high figure of 100K plus potential fringe benefits.
There will be more than 1 director in these companies, thus the workload will be shared. So there will be very little in the way of 24/7 style work.
and so they will be , but only up to 100K if their work is considered worthwhile enough by the policy board.

Because the government will be looking after you and the country.

This is by far the funniest line of all...
(you're not TRYING to be funny now, are you? :flirt

Yes it does , because these people may well be able to reach the high figure of 100K plus potential fringe benefits.

First off your 'high figure' is laughably low.
Secondly, your 'potential fringe benefits' is just another way of saying 'more payment'.

I dunno nnmartin,
you definately need your own country
to run and rule.
I'm just not so sure anyone's gunna move there
of their own free will.
Certainly not anyone of above average capabilities.

Beyond that your going to have to enforce
that they cannot leave
once they are there. :cover:

 

[nnmartin]

Basically we can close down all the best places of higher learning, no one could afford to send their kids there any more. All the folks who make small aircraft would now be out of a job. NYC would be a ghost town. All the beach front properties would be in tax forecloser. Family farms would be shut down. Our government would be bankrupt because the top 1% pay 90% of the taxes and that would not happen any more.

Not under this system , no.

All places of learning would be state run - thus nearly everyone could go.

Most businesses would be state run too - so the light aircraft company would be subsidised if necessary, the same with the farms and beachfront properties.

But as for the tax situation , you have not seen the glory of this system.

There would be no 1% - that form of corruption would be entirely abolished.

 

[nnmartin]

The SMARTEST people would find a way to make their 100k quickest,
with the least possible expenses,
and take the rest of the year off. :yes:

Basically you would not be allowed to do this.

Holiday quotas would be given, and you would be on a monthly salary as I've mentioned.

So the 100K would be paid on condition of a full year's work.

 

[blackout]

As for Macdonalds - places like that would be abolished.

I'm talking McMansions, not McMuffins.

All in it together and little class based arrogance - this needs to be done away with.

Ever heard the parable about the speck and the log?

Shall we do away with this entire thread for starters?