Canada

Wouldn't it be better to set a maximum wage/compensation for Congress/parliament? That way they couldn't be bought. I don't have as much a problem with people trying to become billionaires. I have a problem with an uneven playing field. Hell, by the time they get that rich, I'm not even on a playing field. Frankly I'm not even on the same planet.

I'd like to know more about how this is supposed to work.

What is considered a wage? Is it net worth, increase in worth from one year to the next? Liquid capital?

Are benefits (insurance, child care, etc) counted towards this wage cap? What about company cars or housing? What about profit sharing through bonuses and / or stock grants?

Would loans be counted towards the wage cap? If not, can you borrow more than the wage cap?

What happens if you own a home or business that is worth more than the wage cap? Would you only be able to sell that commodity for the wage cap or would any excess of the wage cap be spread over multiple years?

Would inheritance or "gifts" be tallied towards the wage cap? Would donations to charitable organizations offset the wage cap?

Would companies be subject to these caps? What if a person incorporated, had all of their wealth and earnings go through that incorporation which they had sole discretion and control over the use of those funds?

What about foreign entities? Would people, companies, or even governments from other countries who exceed the maximum wage be allowed to buy / sell goods, direct / manage corporate interests, invest in land or stocks, or even reside in a country with a maximum wage? What authority or oversight would exist to even identify such a wage of a foreign entity? Or

Every single one of those questions represents a potential loophole that could be exploited to circumvent a "maximum wage" and I'm sure that somebody who has studied or worked in finance could think of others.