Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by PeterisP on Sunday January 03, 2016 @07:39PM
(#10833378)
Maximum wage would have little impact on maximum income of the wealthy.
Already in the current situation their main income is not as wages but simply the value increase of assets (companies, real estate, etc) that they own, and with a minimum of legal paperwork all high-end wage income can be restructured as such unless you prohibit owning and selling businesses.
It would be a symbolic statement with no practical effect.
Already in the current situation their main income is not as wages but simply the value increase of assets (companies, real estate, etc) that they own, and with a minimum of legal paperwork all high-end wage income can be restructured as such unless you prohibit owning and selling businesses.
It would be a symbolic statement with no practical effect.