Monday, August 1, 2016

Establishing a 'Maximum Wage' in the United States

If we (in the United States) have a Minimum Wage, perhaps we should also have a Maximum Wage.

How much is enough for one person to earn?

Perhaps 10 million dollars per year.  A starting point for a conversation, at least.

Why should (or shouldn’t) there be a limit?

If we established an upper limit (above which all income would go into a general tax fund, so that low-earners wouldn’t have to pay any taxes, depending on how much was in the fund), what would be the general economic effects?

Imagine if anyone making under $50k per year (or whatever $ amount, depending on the Maximum Wage tax fund) didn’t have to PAY taxes — imagine how much more they would have to spend!

Worth considering!

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