A new and possible more just pay system is in the working

[August]

This goes against my normal libertarian leanings but maybe we need a national salary cap. A limit to the total amount of compensation any one person can receive in a year.

Hey, it's worked pretty well for the NFL.

[Letum]

Originally Posted by August

This goes against my normal libertarian leanings but maybe we need a national salary cap. A limit to the total amount of compensation any one person can receive in a year.

Hey, it's worked pretty well for the NFL.

I'm no economist, so take all this with a pinch of salt...

I don't like caps.
There should still be wage competition for high earners.

Exponential wage tax would be better.

Something like this: (totally made up numbers)

Wage - Tax
1m - 30%
2m - 35%
3m - 45%
4m - 60%
[...]
20m - 98%
30m - 98.5%
[...]
10,000m - 99.995%
Etc.

That way you can still pay someone 1000m, it's just gonna be very inefficient.
The other advantage over caps is extra tax revenue.

[AVGWarhawk]

I think we should just go back to the barter system.

[Letum]

I think wealth should be divided according to post counts.

[Letum]

ed: Double post. Sorry.

Ca-ching!

[August]

Originally Posted by Letum

I'm no economist, so take all this with a pinch of salt...

I don't like caps.
There should still be wage competition for high earners.

Exponential wage tax would be better.

They are the same thing in the end except that your way sounds a lot more complicated.

A simple cap somewhere in the mid range of present high paying salaries, say around 50 million total compensation. Anything over that is taxed at 100%. I'd also favor allowing a percentage of it to be reinvested back into the persons business, say for hiring more employees.