With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
With wealth inequality and billionaire control over American society growing ever more obscene, it’s well past time to implement a maximum wage limit.
Yeah, there’s definitely some variation in that. But there’s a point in wealth that can get you a luxurious QoL anywhere in the world. And that’s the point we’re talking about.
For example, for annual income: $80k/year is a comfortable living in low cost-of-living areas, and barely making it in others. But anyone making $500k/year is fine anywhere.
But that’s why tying it to minimum wage makes sense. Because minimum wage should account for a reasonable cost-of-living regardless of where you live (perhaps with some variation, but not the poverty wages it provides now).