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[Politics] Topic: Maximum Wage |
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Renton |
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#1 Posted: 7/16/2012 6:58:05 PM |
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AcerRubrum |
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#2 Posted: 7/16/2012 7:10:12 PM 
hopefully you are not serious
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canovsp |
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#3 Posted: 7/16/2012 7:13:36 PM
So if a CEO was slated to make $100million in 2013 and the govt ruled it illegal to make more than $50million would the other $50million be distributed throughout the company or would the remainder go to Washington so they can build more bridges and highways? |
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rooster010 |
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#4 Posted: 7/16/2012 7:21:46 PM 
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Renton |
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#5 Posted: 7/16/2012 7:22:15 PM QUOTE Originally Posted by AcerRubrum: hopefully you are not serious
Why not?
Most of the western world has adopted progressive taxation, which is certainly a way to limit earnings potential.
I'm thinking in more finite terms. I fully believe maximum wages should be enforced in the public sector, but I'm toying with it conceptually in the private sector as well.
The NBA has adopted maximum wages in their new CBA, I don't know if that is the best example to be spread to all industries, but in these tough economic times, it's difficult to rationalize some CEO earning 10,000,000 dollars a year, while millions of people are without gainful employment. |
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rooster010 |
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#6 Posted: 7/16/2012 7:57:25 PM
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Renton |
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#7 Posted: 7/16/2012 8:10:00 PM QUOTE Originally Posted by canovsp: I'm assuming that would be CEO's of corporations and not burger flippers at McD's?
So if a CEO was slated to make $100million in 2013 and the govt ruled it illegal to make more than $50million would the other $50million be distributed throughout the company or would the remainder go to Washington so they can build more bridges and highways?
It would be both.
Burger flippers would have a wage ceiling of $1,000,000 per year.
CEO's would have a wage ceiling of $1,000,000 per year.
Which scenario would you prefer? The money being distributed throughout the company, or money given to Washington? |
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Renton |
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#8 Posted: 7/16/2012 8:11:35 PM QUOTE Originally Posted by rooster010: whats the maximum wage an SEC regulator can make while he sits around and looks at porn all day?
Depends on ethnicity and gender.  |
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Renton |
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#9 Posted: 7/16/2012 8:17:00 PM QUOTE Originally Posted by rooster010:
in the 1950's, on the back of WW2 among other debts, wasnt the top rate around %90?
And how did that work out?
It got us out of the Great Depression, and built the strongest middle class the world has seen, with the greatest infrastructure of any region. |
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Renton |
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#10 Posted: 7/16/2012 8:18:30 PM |
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rooster010 |
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#11 Posted: 7/16/2012 8:26:17 PM QUOTE Originally Posted by Renton:
And how did that work out?
It got us out of the Great Depression, and built the strongest middle class the world has seen, with the greatest infrastructure of any region.  |
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don juan |
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#12 Posted: 7/16/2012 9:29:47 PM I have always believe that what's good for the bottom should be good for the top..There's a needed minimum wage. There needs to be a maximum wage..I mean where does it stop..100 million ? 100 billion? 100 trillion ? Until one guy has it all, and we all work for him ! The free market doesn't work without regulations, greed is the killer. Think it out.
Likewise..a new law should state..If congress ever votes to go to a war. Then there should be an automatic military draft..If they knew that their own sons or daughters must fight, perhaps they'd be more hesitant.
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rooster010 |
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#13 Posted: 7/16/2012 10:43:52 PM QUOTE Originally Posted by don juan: I have always believe that what's good for the bottom should be good for the top..There's a needed minimum wage. There needs to be a maximum wage..I mean where does it stop..100 million ? 100 billion? 100 trillion ? Until one guy has it all, and we all work for him ! The free market doesn't work without regulations, greed is the killer. Think it out.
Likewise..a new law should state..If congress ever votes to go to a war. Then there should be an automatic military draft..If they knew that their own sons or daughters must fight, perhaps they'd be more hesitant.
don...there is no such thing as a free market
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rooster010 |
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#14 Posted: 7/16/2012 10:47:16 PM
its by executive order now, and its not really called a war nowadays
most of those politicians wouldnt hesitate to send their kids to the grave
suspend their pay, thats all they care about
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Rush51 |
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#15 Posted: 7/16/2012 11:05:43 PM QUOTE Originally Posted by Renton:
What's the drawback of capping wage potential?
Because (and let's take your argument as an example) you start at $1M income ceiling, then the government likes the idea so much they drive it down to $500k, then $250k... You get the idea.
Your start to drive incentive away at some point when you cap someone's potential. Does that sound like a good idea to you ?
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Balph |
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#16 Posted: 7/16/2012 11:40:12 PM |
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Renton |
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#17 Posted: 7/17/2012 12:09:14 AM QUOTE Originally Posted by Rush51:
Because (and let's take your argument as an example) you start at $1M income ceiling, then the government likes the idea so much they drive it down to $500k, then $250k... You get the idea.
Your start to drive incentive away at some point when you cap someone's potential. Does that sound like a good idea to you ?
The slippery slope argument is weak at best. It's an argument that can be made of nearly any change based decision.
Many decisions at the corporate level are based on greed alone. That is not good for the average employee, a companies solvency, or shareholder wealth in the longterm. It's in part, the reason we find ourselves in the situation we do now, with a faltering economy. Taking away someones ability to "earn" over, lets say one million dollars per year, will limit the type of corruption that maximizes profits, by paying off politicians, or moving jobs overseas. |
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Renton |
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#18 Posted: 7/17/2012 12:11:12 AM QUOTE Originally Posted by Balph:
Let's start with NBA players that vote for Obama.
In your own words... what does Obama have to do with this discussion?
Is maximum wage ceilings part of a policy I'm unaware of? |
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cd329 |
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#19 Posted: 7/17/2012 12:28:53 AM |
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cd329 |
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#20 Posted: 7/17/2012 12:31:10 AM Dont you just love the guys who think roads and bridges arent important to the country? I find it very funny
maybe we should go back to horses and dirt roads |
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Balph |
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#21 Posted: 7/17/2012 2:19:45 AM QUOTE Originally Posted by Renton:
In your own words... what does Obama have to do with this discussion?
Is maximum wage ceilings part of a policy I'm unaware of?
In my own words....Obama is AWESOME!!! 
 Maximum wage! If anyone can do it, Obama can! |
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canovsp |
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#22 Posted: 7/17/2012 8:17:52 AM QUOTE Originally Posted by Renton:
The slippery slope argument is weak at best. It's an argument that can be made of nearly any change based decision.
Many decisions at the corporate level are based on greed alone. That is not good for the average employee, a companies solvency, or shareholder wealth in the longterm. It's in part, the reason we find ourselves in the situation we do now, with a faltering economy. Taking away someones ability to "earn" over, lets say one million dollars per year, will limit the type of corruption that maximizes profits, by paying off politicians, or moving jobs overseas.
That greed creates jobs.
Say a business owner is running a successful business. He has numerous customers wanting his product (more potential money) but he cannot keep up with demand. The only way that GREEDY person can make more money is to hire more people to meet that demand. |
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be easy |
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#23 Posted: 7/17/2012 8:58:01 AM QUOTE Originally Posted by Renton:
What's the drawback of capping wage potential?
what is the benefit?
why do you hate freedom?
why do you hate competition?
Imagine a world where we have all the people now with lifetimes and generations of accrued wealth, and your idea of an egalitarian system is that new participants (the young) are not allowed to compete with them.
I hope this thread was a joke, but why is it hard for you to imagine the consequences?
Would there be any better way to enshrine the aristocracy then to cap wages?
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wmi799 |
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#24 Posted: 7/17/2012 10:22:24 AM Who says he "hates freedom" or "hates competition" big easy?? To say that is assinine.
I don't think it would have a chance of working nor would benefit anything as there are far too many factors and too many industries, etc |
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lordspoint |
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#25 Posted: 7/17/2012 10:36:15 AM Renton
Ok, let me ask you something if you do not mind
Do you own your own business? |
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