Maximum wage......too funny.
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If there is a minimum wage, why is there no maximum wage?
- Thread starter Twilight Hue
- Start date
Monk Of Reason
༼ つ ◕_◕ ༽つ
Its a moot point at the very core. The people that make massive amounts of money do not have "wages". They usually have salaries or are paid on commission. And the ways around it are bonuses.
So it makes no sense to have a "maximum wage". No one is making 140,000 an hour from a company on paper as a wage. It is just the equivalent of how much they make in the same amount of time given a full time job.
It just goes to show how radical the left is becoming. The war on capitalism, the second amendment........
Not too long they will want to seize wealth.
Not too long they will want to seize wealth.
One poster here recently remarked that he wanted to see regulation to cripple business.
Are you thinking unintended consequences?
- Loss of jobs.
- Loss of tax revenue.
- Depression.
- More government borrowing.
Actually one day the government will implode under it's own weight if we do not put it on a diet.
As long as the media continue to bash business, & more former workers become
wards of the state, people will vote for politicians who lash out at capitalism.
They bite the hand that feeds.
Namaste
To me, personally having always worked for others (I am in IT), the best situation (though difficult, requires your full time and attention), is not to work for others (unless it is charity work), rather to be your own employer, family, business, like a small garden farmer or successful business on ebay or a 1,000 other examples where the business is one or at most three family members.
Then there are those who run their own business but have a few partners as well, the next best situation, and lastly a small business you own with a few employees which is not the best but better (if you want to give up all your free time) than working for others.
If you run your own business, if you work for yourself, should the government state you must pay YOURSELF a "minimum"? Should the government supplement the difference you actually make to bring it up to the equivalent of minimum wage? Should there be a minimum profit also? Meaning, if your business doesn't make enough in the first year to pay you the equivalent of minimum wage (it all goes back into maintaining the viability of the business), should big sister or big brother give you the difference? Big agra gets farm bills (is this good?), even big pharma, big tobacco, big oil, government gives itself big and bigger hand outs, but what about small business? It seems it all is full of corruption.
Now, one of the reasons I do work for others is, actually I do get more free time for myself to have vacations, to travel and other things which I enjoy for which I would have no time to do if I worked for myself. Time is also money.
The "real money" I have made was not from my IT work as salary, but from my investments over the years. I have become, well, let's say it is now a lot of money. These were in stocks, bonds, now ETFs and so on. Which represent other business, other innovation. I like Capitalism, and to be frank, anyone with half a brain can make it over time. All should learn to manage money, save, invest.
The minimum wage has become a phony political move not much better than promising "free bread". I do not see much evidence it works to improve things, and it is not specific to the type of work involved, too general. When government sets the wage, soon they are running the business next. They are humans like anyone else, but with more power over us. They make us work for them in the end, and we all get the minimum wage working for them as peasant citizens who are expected to put up pictures of politicians and government class "civil servants" as if we must worship them as heroes. It all leads to Robert Mugabe, or Mengistu Haile Mariam.
To me, personally having always worked for others (I am in IT), the best situation (though difficult, requires your full time and attention), is not to work for others (unless it is charity work), rather to be your own employer, family, business, like a small garden farmer or successful business on ebay or a 1,000 other examples where the business is one or at most three family members.
Then there are those who run their own business but have a few partners as well, the next best situation, and lastly a small business you own with a few employees which is not the best but better (if you want to give up all your free time) than working for others.
If you run your own business, if you work for yourself, should the government state you must pay YOURSELF a "minimum"? Should the government supplement the difference you actually make to bring it up to the equivalent of minimum wage? Should there be a minimum profit also? Meaning, if your business doesn't make enough in the first year to pay you the equivalent of minimum wage (it all goes back into maintaining the viability of the business), should big sister or big brother give you the difference? Big agra gets farm bills (is this good?), even big pharma, big tobacco, big oil, government gives itself big and bigger hand outs, but what about small business? It seems it all is full of corruption.
Now, one of the reasons I do work for others is, actually I do get more free time for myself to have vacations, to travel and other things which I enjoy for which I would have no time to do if I worked for myself. Time is also money.
The "real money" I have made was not from my IT work as salary, but from my investments over the years. I have become, well, let's say it is now a lot of money. These were in stocks, bonds, now ETFs and so on. Which represent other business, other innovation. I like Capitalism, and to be frank, anyone with half a brain can make it over time. All should learn to manage money, save, invest.
The minimum wage has become a phony political move not much better than promising "free bread". I do not see much evidence it works to improve things, and it is not specific to the type of work involved, too general. When government sets the wage, soon they are running the business next. They are humans like anyone else, but with more power over us. They make us work for them in the end, and we all get the minimum wage working for them as peasant citizens who are expected to put up pictures of politicians and government class "civil servants" as if we must worship them as heroes. It all leads to Robert Mugabe, or Mengistu Haile Mariam.
Yadon
Active Member
A constitutional communist republic would be much better.
Or maybe it won't if big corporations stop getting tax cuts constantly and stop finding loopholes. They may much less % than the middle class and lower class, whom most taxes fall onto. This is made worse when said corporations, banks ect benefit from bailouts and other government subsidizes and assistance. It's like undeserved welfare!
Akivah
Well-Known Member
According to IRS statistics, the top 1% of the number of income earners (those earning $1M or more) consistently pay 20 - 30% of the total individual income taxes.
California Bill Would Punish Companies for "Out of Whack" CEO Salaries.
Ooh. It's cool to see that we might get to see the concept of "maximum" salaries work in the real world.
The Bill would raise corporate taxes on companies who pay their CEOs more than 100x the median salary of their workers.
I also found this tidbit from the article interesting:
Ooh. It's cool to see that we might get to see the concept of "maximum" salaries work in the real world.
The Bill would raise corporate taxes on companies who pay their CEOs more than 100x the median salary of their workers.
I also found this tidbit from the article interesting:
As soon as CA implements executive pay limits, those same executives would move their companies out of CA.
I wonder what would happen if CA tried to limit movie star pay?
I wonder what would happen if CA tried to limit movie star pay?
esmith
Veteran Member
what and lose their biggest political supporters?
I don't see how this law would help anyone. If your lowest-paid employee is your cleaner, for instance, the CEO could lay off all the cleaners and hire a cleaning company to clean the office instead. The CEO keeps his or her ridiculously high salary and the people cleaning the office still get minimum wage, but on paper, the max/min wage ratio for any individual company would still "work", according to the formula in the law.
Apex
Somewhere Around Nothing
Does the cleaning company not have a CEO as well? Also, contracting out custodial services is pretty much the norm already.
zenzero
Its only a Label
Friend Nowhere Man,
In fact the logic is valid but why it does not hold water is also to be understood that since the authorities who fixes 'minimum wages', themselves fall under 'maximum wages' category and which they do not want to be fixed.
Love & rgds
Good question but guess it is practised in your country of 'NOwhere'.
In fact the logic is valid but why it does not hold water is also to be understood that since the authorities who fixes 'minimum wages', themselves fall under 'maximum wages' category and which they do not want to be fixed.
Love & rgds
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Of course, but the pay of the president of a small cleaning company could be much less than the pay of the CEO of the big multinational whose offices are getting cleaned.
It was just one example. There would be plenty of ways to use similar tactics to circumvent the rule. For instance, a fast food chain with lots of minimum wage food prep employees could convert corporate stores to franchises. A franchisee who owns even several stores would still come in way under the threshold ratio.
Or a company could slice off part of the company into a separate (but wholly-owned subsidiary) company: Acme Global, Inc. could create Acme California, Inc., and make the regional manager (who makes quite a bit, but still way less than Acme Global Inc.'s CEO) the CEO of Acme California, which would do all of Acme's business in California (and pay its taxes based on the preferred rate) and send the profits off to Acme Global.
There are plenty of ways to outsource low-paying jobs.
Apex
Somewhere Around Nothing
You could easily foresee, and preempt, loopholes like this. It would not be an impossible task.
IHaveTheGift
U know who U R
We might as well vote on paying burger flippers the same wage as rocket scientists then,(than), same difference.
That guy is a nut. He has totally lost it.
Minimum wage is the reason why I chose not to work after high school and went to college.
A maximum wage seems good in practice, but where would the excess go? His idea of excess going back into schools and welfare or healthcare is what governments try to do, but fail in doing. Seems like another pipe dream.
Like I said, if it gets passed, we'll get to see if it can work in the real world.
I myself am skeptical too. I think it's a good idea on paper, but difficult to actually implement.