Ask and answer stupid questions here! - Page 783

Harris1st

Germany6934 Posts

May 14 2025 07:52 GMT

#15641

What about a system where your earnings are capped at some point?
Like you can earn 100k currency a year. Everything above will go into some social fund. Obviously most people would stop working when they hit cap and do something else they love or want to do.
There would be some disruption late in the year when more people hit the cap and basically the market for luxury stuff would become obsolete. Dunno. Just spitballing

MJG

United Kingdom1104 Posts

May 14 2025 10:10 GMT

#15642

On May 14 2025 16:52 Harris1st wrote:
What about a system where your earnings are capped at some point?
Like you can earn 100k currency a year. Everything above will go into some social fund. Obviously most people would stop working when they hit cap and do something else they love or want to do.
There would be some disruption late in the year when more people hit the cap and basically the market for luxury stuff would become obsolete. Dunno. Just spitballing

Then the CEO would earn 100k...

... plus x amount of shares.

Harris1st

Germany6934 Posts

May 14 2025 11:25 GMT

#15643

On May 14 2025 19:10 MJG wrote:

Show nested quote +

Then the CEO would earn 100k...

... plus x amount of shares.

Nah I meant hardcapped. As in it doesn't matter where the currency comes from (wage, shares, rent, whatever).
Obviously there are still circumventions like hard cash, trading stuff directly without involving currency and so on that would be impossible to track.
And the social fund doesn't go just to anyone but mainly to children and disabled, to childcare, to infrastructure

Acrofales

Spain18011 Posts

May 14 2025 11:53 GMT

#15644

I mean, step 1 would obviously have to be to hammer down most of the loopholes. It'll require an international effort, or multinationals will just relocate their HQ, or pay their upper management in the Bahamas or something.

So, now that we have figured out international cooperation on tax, why don't we just put extreme progressive taxes on high income? Great idea, but see step 1.

I think Neb's ideas of abolishing ownership of companies and making everything a coop has more chance of actually getting anything done in the short term. At least that outright removes the loophole of paying in equity (as well as the perverse financial market of trading equity). That said it has plenty of problems of its own. Also, doesn't GH have a blog specifically to discuss how to implement socialism?

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