China’s Financial Elite Face $400,000 Pay Caps, Bonus Clawbacks
(www.bloomberg.com)
from schizoidman@lemmy.ml to world@lemmy.world on 27 Jun 2024 11:56
https://lemmy.ml/post/17356426
from schizoidman@lemmy.ml to world@lemmy.world on 27 Jun 2024 11:56
https://lemmy.ml/post/17356426
#world
threaded - newest
Communists!
Oh wait…
That’s one way to basically ensure the US never imposes pay caps on executives.
Imagine a world where you cap pay to 5x the lowest paid employee.
Bro I’d literally be impressed if we set a 1000x cap.
100x would be a reasonable utopian goal from where we are today.
5x is hard to even fathom. Especially when there exists a ~3x gap in minimum wages across the country.
I propose the minimum wage goes to $250/hr. Maximum wage goes to $2500/hr. You can make between 500k and 5m a year. The only catch is that 60% of it gets taxed up to 1M And 80% gets taxed beyond that. If you somehow do get more that $5M in a year, every dollar after 5M is taxed at a rate of 99.99%.
So you can make 100k - 200k after taxes and be poor.
You can make 200k - 1M after taxes and be the upper middle class.
Musks 46B would be… 5.6M after all taxes applied.
That seems reasonable.
We just need a bowser revolution and redistribute wealth.