Should the US Copy Switzerland and Consider a 'Maximum Wage ratio'

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HappyCatholic01 said:
No, it wouldn’t. My boss and I started a second company together. He can draw a salary from both. So all you’d have to do is to spin off new companies or subsidiaries and collect salaries from each to get around it. Water always finds a way through the cracks. That’s the problem with the government trying to do what they have no business doing.

The problem is most societies look for government solutions to that which is a problem of turning from God long ago. If we were committed to the Lord as the world is called to, not only would blessings abound, but those in power would have the desire to do this sort of thing because love of God, not fear of government. We have so much backwards in the world it will take a long time to fix, if we ever even try. Until then, all people have to pay for the sins of society. If society cares so much about greed, then society shouldn’t have collectively pushed God away a long time ago. Think a country like America will prosper for long without keeping God ever present in the culture? No way, regardless of who is the President.
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Government sets the laws. Laws rule the land.

ATB
 
HappyCatholic01 said:
I suspect anyone laughing at the wealthy man’s difficulty in entering Heaven may be behind them in line… You kind of lose the moral high ground at that point.
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I’m not sure here. But, you may be missing both points. Now about compensation for workers . Keeping a balance between the higher earners, and the lower ones only makes sense. That is if you are looking at money as you should. If you are looking at it as some earthly reward separate from our true mission on this earth. Then I’m afraid you are making a mistake.

As far as I can see in this situation. We either find a workable model of capitalism or we get rid of it. I’m fine with either scenario.🙂

ATB
 
Mickey_Finn said:
As far as I can see in this situation. We either find a workable model of capitalism or we get rid of it. I’m fine with either scenario.🙂
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You know that this is simply not possible, right? No country has yet ever been able to rid itself of commerce. The most it can do is drive commerce and capitalism underground. Even that requires a rather strict form of something like communism, which has always been condemned as evil by Christians everywhere, including the Catholic Church. Absolute denial of rights to property is every bit as wrong as unfettered capitalism.

I do think all the worry about driving CEO’s overseas is unrealistic. Let them go. They are a drain on our country anyway. Overpaid CEO’s are a mixed bag anyway. I have no doubt that letting those willing to take excellent, but not insanely huge, salaries will bring up an equal capable group of people without the drain on society. As far as overseas jobs, I would not count on many countries being able to sustain such a waste.
 
pnewton said:
If by “Archbishop Marx” you are referring to Karl Marx, then I suggest you are mistaken. He supported a system where no one would be making twelve times as much as another, but all would receive wages equally, a one-to-one ration, not twelve-to-one.
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You thought I meant Karl Marx?!?!?! :eek::eek::eek:

Reinhard Marx, Archbishop of Munich and Freising.
 
pnewton said:
If by “Archbishop Marx” you are referring to Karl Marx, then I suggest you are mistaken. He supported a system where no one would be making twelve times as much as another, but all would receive wages equally, a one-to-one ration, not twelve-to-one.
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Yeah, and he also believed that the fruit of industrial labor belonged to the workers, not the owner of the factory who provided the raw material.
 
Reep said:
The government should limit itself to protecting people’s rights (the common good), not concerning itself with what people earn.
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Ever fill out a tax return? It is pretty much based on what you earn.
 
pnewton said:
Ever fill out a tax return? It is pretty much based on what you earn.
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I fill them out every year (unfortunately), but for most of this country’s history there was no income tax at all. It takes more than 100 years to make a bad idea into a good one. The only reason I pay it is because they would come and hurt me and my family if I did not. I’ll bet almost nobody here would pay either if payment was voluntary. Fact is, the government has its monopoly on the ***initiation ***of violence–and that’s got us all bent over the barrel.

Naturally, I would be delighted to see the income tax in my rear-view mirror, especially come April 15. Doesn’t seem to be in the cards for the time being, but I’m always recruiting. 😃
 
Would such a cap apply only to CEO’s or to sports figures and movie stars as well? And would it apply to privately owned companies or only to corporations? An internet entrepreneur who started a successful business but never went public would be exempt?
 
Jim, are you talking about a version over here in the states? If so, I imagine any exec. making over six figures would be exempt. :rolleyes:

ATB
 
Mickey_Finn said:
Jim, are you talking about a version over here in the states? If so, I imagine any exec. making over six figures would be exempt. :rolleyes:

ATB
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Yes, I was just wondering about how the whole idea would work in practice. There are a lot of people besides CEO’s who make a lot of money. And how would it be capped if it is not in the form of salary?
 
JimG said:
Yes, I was just wondering about how the whole idea would work in practice. There are a lot of people besides CEO’s who make a lot of money. And how would it be capped if it is not in the form of salary?
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That would be a good question. I assume if the top person makes x anyone below him would make less. The bottom pay would be adjusted to conform with the law. Would other forms of compensation be included? I guess it would if it’s taxable. 🤷 How we would get such a law on the books is the real question though.

ATB
 
Mickey_Finn said:
It doesn’t limit earning potential. It controls against the disproportionate gaps we are seeing today. Much like the old labor saying a rising tide lifts all ships.
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Disproportionate economic gaps a huge problem? No disagreement there from me.

I do think however that there are ways to combat this without putting a cap on individual wages.

I’m getting ready to head to family’s house for an early holiday break, but I’d like to elaborate a bit more when I get back.

Happy Thanksgiving, All! 🙂
 
Absolutely there should be some kind of cap, maybe not exactly like the Swiss have, but something. It’s outrageous that CEOs should be paid millions of dollars. No one is worth that kind of pay. I would only make an exception for people who began their own companies from scratch - they earned it.
 
I’m a little torn on this one.

I’m not so sure a government mandate is a good idea. And I’m not so sure a cap on CEO salaries would necessarily help someone else.

But really, how many millions can someone spend? More millions for someone who has a lot when others are struggling from paycheck to paycheck? There’s something wrong with this picture.
 
Mickey_Finn said:
That would be a good question. I assume if the top person makes x anyone below him would make less. The bottom pay would be adjusted to conform with the law. Would other forms of compensation be included? I guess it would if it’s taxable. 🤷 How we would get such a law on the books is the real question though.

ATB
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So if the cap is based on a multiple of what the lowest paid persons in the company make, then a CEO could be paid big money as long as the lowest wage earners were paid proportionately.

In practice, I think this would mean that workers would want to work for the companies with the highest paid CEO’s because it would mean higher pay for them. People working a companies with lower paid CEO’s would get less. A very high paid CEO would be a draw for workers.
 
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