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originally posted by: HighFive
An income cap would be counter productive.
If anything maybe an asset cap. It would get hoarded wealth reinvested back into the market.
But the best solution would be people earning whatever they can and continuing to pay taxes at the rates of the working class. The uber rich pay lower effective tax rates than their secretaries. Simply applying the Buffet Rule would more effective than an income cap.
originally posted by: Bluntone22
I doubt it would ever be enforceable.
With bonuses and shares of stock they would skirt the wage restrictions.
Let's be honest here, they have the best lawyers and accountants money can buy.
I am kinda interested in how the movie stars and athletes would get a $20 million payout.