(03-30-2023, 07:08 AM)mikesez Wrote:

(03-29-2023, 11:17 PM)Lucky2Last Wrote: They are capped to 100x the household median income, no matter what.

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So, they could own a couple companies, or do well in stocks, but the limit is 100x the household median income, regardless of the lowest paid employee.

But how does that help? They already have a pile of wealth that would keep growing, and, as I said, they can simply fund their political activities from their business rather than their personal wealth, and they would probably spend the same amount of money, asking for the same things.

To what end? If you put a cap on political spending.... no super pacs... No corporate donations. Just a max of 5% of yearly individual income, you have now completely undermined the capacity of the wealthy to tilt the field. Sure, they have a small advantage, but it's not what they currently experience. Even more, what are they going to influence? They don't need to make their businesses giant anymore. There's a limit to their wealth. Again, you don't tax the excess wealth. You let the government approve certain public goods... healthcare, roads, parks, libraries/tech rooms, and allow them to donate to any cause they want. They can give away their excess money to people. However, what's most likely to happen is that they just try to raise the lowest paid workers income to get to raise their income. You want the wealth funneling back into the people. 

Also, over time, they still get the mansions and yachts. Think about it... you're making 7.8 million a year for 10-20 years. If you actually manage your money well, you could make 100 million in a lifetime and spend it on the things you want. It gives people a way to be ambitious, but limits abuse. 

Who cares what Trevor gets. We would get the exact same product paying these players 250k a year. Now, there's a reality that he'd just move overseas and play somewhere else for more money, but that's not an important issue to me. 

Here are the problems from what I can tell. Current businesses would want to seek countries that let them maximize their profits. To that, I say who cares? There is no shortage of entrepreneurs in this country. We'd have a new wal-mart tomorrow. We also have the size and capacity to make most of our own stuff.

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