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A comment on What do wealthy people buy, that ordinary people know nothing about? (2015). Parent comment

Re:What do wealthy people buy, that ordinary people know not... by andrewrn on Monday May 19, 2025 @01:44AM (#44026768)
The problem with a maximum wage is deciding what that maximum is. Outsides returns are what incentivize people to start companies. A earning cap will cap that incentive accordingly.
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Re:What do wealthy people buy, that ordinary people know not... by bjourne on Monday May 19, 2025 @03:29AM (#44027302)
Progressive tax scales solves that problem neatly.
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Re:What do wealthy people buy, that ordinary people know not... by ta1243 on Monday May 19, 2025 @05:48AM (#44028041)
Tax on income keeps wealth with people who have wealth, and people without wealth wage slaves.

If you rent a $10m house you pay $500k a year for it. With 50% tax you'd have to earn $1m a year to pay the rent.

If you own a $10m house you pay no rent, and have to earn $0 a year to live there.

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Re:What do wealthy people buy, that ordinary people know not... by bjourne on Monday May 19, 2025 @06:50AM (#44028386)
Wealth tax is a thing.
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Re:What do wealthy people buy, that ordinary people know not... by mathverse on Monday May 19, 2025 @06:39AM (#44028328)
The maximum wealth should be capped exactly where it becomes a tool to buy or assert influence over democracy.
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