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We Desperately Need Maximum Wage Laws
(jacobin.com)
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this post was submitted on 20 Oct 2025
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politics
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He is right though. Those rich guys won't have an income at all, they just live on loans., get driven around in cars owned by the company, live in houses owned by the company etc, etc etc.
I'm literally agreeing with that statement. The ultra wealthy make all their money from their wealthy. Yes. Can we all agree that that's what's happening? Yes? Good.
Now ALSO can we agree it's sane for someone to suggest taxing ultra high income earners? Like in 2012, just reading off the wiki here, the median cash compensation for a US CEO was 5.3 million. That's cash. That's about as much money as I want the limit to be on anyone in the world in terms of wealth and these fuckers are getting paid that a year. Can we agree we should tax cash incomes over oh idk 1 million dollars at something like 90%?
Like guys come on, this isn't hard. Don't just knee jerk react to the topic, read what is being written. Yes, tax wealth. That's the most important thing every government can do. Yes, I'm saying that because I know wealth begets wealth and it cascades, the wealthy are wealthy because of their wealth (no shit). ALSO, yes we should tax ultra-high income earners. If you get paid enough money to retire in two years of normal full time work you should be taxed accordingly (with something like Germany's tax law that let's you spread it out over X years so if it was a one time thing you get taxed normally but if it's an every year salary it gets taxed correctly).