I think they're going to find that they still can't afford much when prices go up in tandem with wages.
Looks like the CBO agrees.
https://www.cbo.gov/publication/55410
I think they're going to find that they still can't afford much when prices go up in tandem with wages.
Looks like the CBO agrees.
https://www.cbo.gov/publication/55410
What I would like to see would be a maximum wage ratio, [total executive wages + perks + benefits + stock, all of it] vs [lowest wages paid in the organization.]
This would force highly profitable companies that earn more to pay more.
Also factor in something about company profits.
A creative law that says: 'If the company is doing really well, they need to pay the workers really well.' However that law wording needs to be structured.
Some businesses are just making an absolute killing, and they are not sharing it with the workers that produce it.
That's what needs to change.
Jeff Bezos is representative of everything that is wrong with capitalism. Likens it to feudalism.
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Sweden, and to a lessor extent other Nordic Countries, keep talking about it. Not a new concept. Basically, if you increase progressive taxes to 100% after a certain point, that is the maximum wage. They have not gone through with it, but they have nearly gone through with it. They have pulled back from that recently.
Why bother? We've explained it to everyone in this thread, multiple times, using links and economic resources, and you dipshits are still asking questions that make it painfully clear you read none of it.
Maybe we should just cut wages to 10 cents per day, like China, because by your logic that will create a utopia of successful businesses with low overhead, and cheap products.Them explain how much the tax base will be increased by American businesses forced to cut hours or close down because they cannot compete with international rivals who pay their workers lower wages.
Will higher unemployment and impacts on social welfare programs cost taxpayers anything?
Right?
Then start a business and do that.
Naturally, I'll understand if you don't.
"Force". There it is. Who gets to decide which companies are "highly profitable"? Government bureaucrats? Politicians?
You want to tie profitability to wages? Doesn't that mean that extra profit would be subsumed by higher labor costs? Where will investment capital come from for innovation, expansion, and are shareholders supposed to accept the fact that their equity is offset by "social justice"?
You think that would pass Constitutional muster?
Jeff Bezos is a DEMOCRAT who uses his wealth to propagandize for the DEMOCRAT Party, isn't he?
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Hello Walt,
You could get creative with that. You could say: 'Either you spend [everything over a certain amount] for the good of society, (and make it something that can be verified) or we'll tax it away from you and do it ourselves. One way to spend it for the good of society would be to simply raise the wages of all the workers that earned it.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
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