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It's not wages that are the problem, it's compounding multi-generational wealth. It's very easy for rich people to make their income zero.
Amen. Minimum wage was a good start, but it's become a mere virtue signal for labor rights. I have no reason to believe a maximum wage wouldn't function similarly. Furthermore, nominal sums are pretty meaningless with currency anyway. Inflation makes them irrelevant pretty quickly. Progressive tax and social subsidy is what works, historically.
I worked for a guy that got paid $1 a year. The business paid for everything for him. Wage caps will not work.
What was his role?
CFO
Probably some variation of owner/boss/CEO.
CFO his dad was CEO. I saw a 27000 Amex bill that we covered.
Can't they both be a problem?
Well like I said, pretty much all of these mega rich people don't have any income on paper, otherwise they would have to pay income tax. And rich people hate paying taxes.
multi generational wealth is the only way to have any fun though
That's the whole problem.
if fun is a problem then I don't want it fixed
Found the trust fund baby.