DUmmies are always entertaining when they discuss wealthy people.
To a deadbeat democrat, blindly jealous of anyone enjoying success, a million dollars is an enormous, unfathomable, inexhaustible amount.
In their teensy little brains, any amount of money is translated into an equivalent stash of weed, and a million bucks would buy decades of sweet, sweet bud.
Anyway, it's nice to see a thread that isn't overrun with Ku Klux Klams preparing for the Hildebeast campaign.
Tue Sep 2, 2014, 11:33 AM
Star Member Recursion (33,716 posts)
Let's go there: a Federal Maximum Wage: what would it look like?
I like the idea. What's a presentable bill?
http://www.democraticunderground.com/10025477944Response to Recursion (Original post)
Tue Sep 2, 2014, 11:58 AM
Star Member JustAnotherGen (12,071 posts)
1. I don't know
Not familiar with the concept.
Does this mean for example - a recording artist would not be able to get paid for a song after a certain amount earned?
What about a painter/sculptor?
Response to JustAnotherGen (Reply #1)
Tue Sep 2, 2014, 11:59 AM
Lee-Lee (1,390 posts)
2. Sure, it has merits
If limits were placed on artists as well I am sure it would provide opportunities for a whole lot more struggling artists of all types to get a piece of the pie.
Response to Recursion (Original post)
Tue Sep 2, 2014, 12:01 PM
Cleita (70,194 posts)
3. Thom Hartmann has suggested taxing 100% of income after reaching
a ceiling of one billion. When you make a billion in one year, you pretty much can buy whatever you want several times over so you don't need any more money. I once read that Ghaddafi at the height of his power made a billion dollars an hour. I don't know if our homegrown billionaires get that much, but I'm sure there are many who are getting way too much and should pay the 100 percent income tax over one billion.
Response to Cleita (Reply #3)
Tue Sep 2, 2014, 12:03 PM
Lee-Lee (1,390 posts)
4. A billion is way too high
More like $1,000,000 per year, or anything at all once a person has $10,000,000 or more in assets.
A person could live 3 lifetimes comfortably on $10,000,000 and there is really no legitimate reason for a person with that much to keep hoarding even more.
More DUmmy finance. If you ask DUmmy stewert, he'd say you could live three lifetimes on ten thousand dollars.
Response to Lee-Lee (Reply #4)
Tue Sep 2, 2014, 12:06 PM
Cleita (70,194 posts)
5. I agree and I'm sure Thom does too, but he set the bar high because he knows
it will be easier to get Congress agree to the higher figure and yet accomplish the goal of redistributing wealth.
A lot of DUmmies fall back on their belief that there's just a finite number of dollars in the world, and if one guy has more then someone else must have less.
Actually that's true, but only if you're a purse snatcher or a pickpocket.
Response to Recursion (Original post)
Tue Sep 2, 2014, 12:33 PM
moondust (9,258 posts)
6. One option:
The Swiss 1:12 initiative that failed to pass in Switzerland last November. I think it caps top pay in a company at 12 times bottom pay.
Swiss Activists: Let’s Cap CEO Pay