this post was submitted on 01 Nov 2024
733 points (96.0% liked)

Work Reform

10026 readers
197 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Jesus_666@lemmy.world 3 points 3 weeks ago (1 children)

I agree that going for wages in the traditional sense doesn't catch many of the most relevant income streams. However, I think that a "maximum wage" makes sense as a theoretical construct used to create a sensible income tax scheme.

Essentially, tax brackets and rates could be defined in relation to the median income. Go too far above that (hitting the "maximum wage") and your tax rate rapidly increases, maybe even going as high as 90%. Of course this would have to cover all sorts of income, not just plain money.

This scheme would effectively box people into a certain band of acceptable wealth and would create an incentive to raise wages – after all, if the average worker makes more, so can the most wealthy.

(Also, full agreement on needing to talk about better labor protections. American labor law is really lax.)

[–] GBU_28@lemm.ee -1 points 3 weeks ago

Decent points. I don't want to spam my thoughts so I'll keep it short, I fear corruption beyond the very sound ideas you shared.