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Originally Posted by ASU2003
There are plenty of other countries that have a rich upper class, and a poor bottom class.
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And those countries are mostly 3rd world countries. South America is just now starting to move away from the class seperation that has ravaged them for years. In an ideal econemy, there is a healthy distribution of incomes evenly across the populace (at least in my mind).
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Originally Posted by ASU2003
As for the maximum wage, there are lots of people who it couldn't really be applied to fairly. Professional athletes, singers, movie stars, lotto winners, and lobbyists, some entreprenuers who can bring in millions of dollars a year, and not have any workers.
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Everyone has someone. The way I see it, venues employ thousands of people. If a performing artist, be they musical, sports, etc. can play at a show for 50,000 people, then there are vendors, security guards, personal assistants, etc. that are there to do their job, too. As for the recording of an album, you have the people who actually write the lyrics, the people who actually compose the instrumentals, the people who make the CDs the marketing people...I mean this is an industry of people. Lotto winners are more complicated, but a lot less common. I'd say so long as the lottory is honoring their commitment to donating money to local schools and such, then let them have theirs. Lobbyists should be gathered up and shot. Entreprenuers who make a killing but work on their own already have even distribution of profits across the whole company, as there is only one income. I see that as being rather problem free.
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Originally Posted by ASU2003
Yes, I agree that there should be a kind of profit sharing and some other benefits. Or a restructuring of companies where they are run like Whole Foods and REI. But, if the janitor at one company (Microsoft/Apple/AMD/Exxon)is making more than than the engineers and doctors, what incentive is there for people to learn and work hard?
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Well when the CEO of Dunkin Doughnuts is making more than a doctor without borders, there is something wrong. The idea is to take small steps to level out and redistribute wages slightly. I'm not talking about $80k a year janitors. I'd blame unions for that one.