this post was submitted on 01 Nov 2024
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Work Reform

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[–] kibiz0r@midwest.social 73 points 2 weeks ago (18 children)

Because making 400k/yr by sitting on a pile of assets and living a low-cost life in a paid-off small-town cottage is not the same as making 400k/yr as a debt-saddled surgeon renting in a high-cost city center, so targeting income instead of wealth gets us farther from a fairer economy.

Next question.

[–] Valmond@lemmy.world 11 points 2 weeks ago (13 children)

Lets put that maximum at $10M/month (or year). Now your counter argument doesn't work any more.

[–] trashgirlfriend@lemmy.world 8 points 2 weeks ago (2 children)

The people who make that kind of money don't make it through wages but other compensation.

[–] Valmond@lemmy.world 3 points 2 weeks ago (1 children)

Yes, so block that at a maximum rate (too)?

[–] trashgirlfriend@lemmy.world 6 points 2 weeks ago (3 children)

I am not an accountant but from what I know, taxing stuff like compensation in the form of stocks is pretty hard to do.

I'm not disagreeing with you, the system is just rigged in favor of very wealthy people.

[–] victorz@lemmy.world 4 points 2 weeks ago (1 children)

the system is just rigged in favor of very wealthy people

I think that's the whole point we're trying to change in this discussion. 👍

[–] trashgirlfriend@lemmy.world 1 points 2 weeks ago (1 children)

Oh for sure, it's just going to be a really long uphill battle as long as the current liberal system is in place.

[–] victorz@lemmy.world 0 points 2 weeks ago

I don't have any faith in any reform happening with wealth in any country. Money is too powerful to change anything at the top. 😔 So in that sense, a very long battle indeed. 😞

[–] Valmond@lemmy.world 3 points 2 weeks ago (1 children)
[–] Doomsider@lemmy.world 1 points 2 weeks ago

You just make it illegal to compensate in this form. Problem solved.

[–] surph_ninja@lemmy.world 0 points 2 weeks ago

Which is why we need to not allow borrowing against assets to get over the maximum.

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