• Toes♀@ani.social
    link
    fedilink
    English
    arrow-up
    11
    arrow-down
    1
    ·
    4 months ago

    Imagine a world where you cap pay to 5x the lowest paid employee.

    • foggy@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      ·
      4 months ago

      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.