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Originally Posted by ravenradiodj
I suggest resolving the minimum wage issue by putting a cap on personal income. Sound socialist? Maybe it is, but what do you think of the idea that noone, not even the CEO of the corporation, can earn, say, more than 10 times what the lowest paid worker makes? So, if you want to be rich, you've gotta drag the lowest paid workers up with you........I'm interested in what everyone thinks of this madcap idea of mine.
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I think its interesting, but also contrary to the principles of America. Putting a cap like that on what someone can make removes the impedus for high level success, one of the biggest parts of the American Dream. Why aim for that success if the rewards for getting there don't merit it? Sure you can get there, but only if you increase the wages of your lowest employee. This will devalue what you are earning (as well as everyone else) and increase the cost of living if done on a wide scale. The net effect would probably be the same as increasing the minimum wage.
Veritas en Lux!
Jimmy The Hutt