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

[Letum]

I think wealth should be divided according to post counts.

[Letum]

ed: Double post. Sorry.

Ca-ching!

[heartc]

Originally Posted by August

Pay has always been based on how many people can do a particular job.

The Banker makes more than the toilet cleaner because he has the education and smarts to work with large amounts of money without screwing it up. How many cleaning ladies would you trust with your savings?

The baseball star is paid a lot because very few people can hit a big league fastball.

Now while it'd be nice to cut high paying salaries in half you're never gonna see a well paid janitor because he's just too easily replaced.

Pssst. Your post contains too much common sense. That goes against the enlightened religion of Bull****, which is striving to form utter confusion into a doctrin, so that we'll all be together in peace when our Western societies go down the toilet and are consumed by those waiting down there, hoping for it so that no one will be left to notice their dirty smell.

[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.

[Aramike]

Originally Posted by heartc

Pssst. Your post contains too much common sense. That goes against the enlightened religion of Bull****, which is striving to form utter confusion into a doctrin, so that we'll all be together in peace when our Western societies go down the toilet and are consumed by those waiting down there, hoping for it so that no one will be left to notice their dirty smell.

Reading this thread from the beginning, I was about to hammer out nearly the same response August made.

The bottom line is this: why would anyone in their right mind educate themselves well enough to be a banker when they can make a more lucrative living as a janitor right out of the gate? Or are you suggesting that bankers altogether are unnecessary (which is equally absurd, as is the liquid form of economics going to merely handle itself)?

Like someone else said, what a silly study, as frankly all studies are when they are commissioned for the purpose of proving a point rather than gathering a fact.

[Aramike]

Oh, and by the way, I don't think the government should impose any executive pay cap on American businesses.

Actually, I have what I believe to be a far more effective solution: repeal the Capital Gains Tax, EXCEPT from gains made from businesses who have any executive making more than $10m a year. That way, if the executive is talented enough and providing the results needed to still financially lure investors in even though they will be levied an additional tax for investing in the company, he's worth the pay. If not, investors will drop like flies FORCING the company to reduce executive pay in order to attract capital.

[August]

Originally Posted by heartc

Pssst.

[August]

Originally Posted by Aramike

Oh, and by the way, I don't think the government should impose any executive pay cap on American businesses.

Actually, I have what I believe to be a far more effective solution: repeal the Capital Gains Tax, EXCEPT from gains made from businesses who have any executive making more than $10m a year. That way, if the executive is talented enough and providing the results needed to still financially lure investors in even though they will be levied an additional tax for investing in the company, he's worth the pay. If not, investors will drop like flies FORCING the company to reduce executive pay in order to attract capital.

I like your idea better than mine...