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The thing about most mega rich people is they don't earn wages. So this wouldn't affect them.
Came here to say this. They're poor, see how much their salaries are? Just a million, which they reinvest into the company for another share of 1% of their 3 trillion dollar company... that they control, and fire 20k employees to get back 50 million in just a week for their share...
Semantics. We'll change the wording to "assets controlled".
Semantics. "Max income law"
Any income over $300,000 per year goes to the State to cover programs to eradicate poverty. Easy.
Ok so then once you hit $300k in income you should stop working? That sounds like a great way to have a shortage of working necessary skilled labor eg surgeons and lawyers who stop working after a few months every year.
My buddy is a spinal surgeon. He would stop working by May and his area would have no spinal surgeons for more than half the year under your suggestion.
If those people are actually taking home $300k/year after deducting things like business expenses and student loan payments, then they're either way overpaid or they seriously need a vacation.
OR they have incredibly niche skills that are extremely hard to obtain and maintain.
The part that makes me think certain forms of leftism are really foolish is that they count on people not wanting to be compensated for the greater amount of harder work or risks they are willing to take on. People don’t work like that.
Maybe those skills shouldn't be so incredibly niche, then. Almost like we should be encouraging people to develop them instead of locking them behind a paywall.
The overwhelming majority of people would not be capable due to their mental acuity and/or ability to engage in fine motor skills. Money isn’t as big of a factor in this case and having less informed and skilled spinal surgeons wouldn’t he a great thing.
The more intelligent choice is to not set such a low wage cap as it achieves nothing to begin with and addresses no problems.
The risk to even get to that level was incredibly high as well. Medical school bills are no joke and you don't know you're going to become some top notch surgeon by the end, you might just wash out and be swimming in debt.
That's how you get a bunch of great Cuban surgeons
No, you don't unless you live in a country whose medical technology is still decades behind the standards of the developed world. Your average Cuban doctor has no experience with the robotic surgery tools we have now.
that would kill lotteries
Why should I care? There's no inherent reason lotteries deserve to exist. There are several reasons they shouldn't exist.
gambling is fun
So find a different way to gamble. It's not like there's a shortage.
Lotteries are hardly gambling. You're going to loose, statistically
Statistically, this applies to all other forms of gambling as well. The house almost always wins.
There are gambling where there is no house
The 'house' in gambling terms is the establishment in which you are gambling. It's usually not an actual house.
And when you gamble with friends, who is the house?
Darn