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Intersting debate on BBC just now –
Should we have a maximum wage limit in this country? A maximum that any one person is allowed to earn in one year?
No, but the mininum wage should be significantly higher.
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Would probably have to say no, but would love to see more of the really wealthy people giving a bit back…
Why does anyone need ridiculous amounts of millions sat in a bank account?
The Secret Millionaire is a good example of how heartwarming it is to see wealthy folk supporting real worthy causes…
No.
Everyone would be significantly worse off, so can’t see why it would be a good idea.
Why even contemplate restricting earnings/profit?
Is this just jealousy of those wealthier / better paid /more industrious / cleverer rthan us?
Let’s stifle all entrepeneurship then and make everyone earn between a certain income band; is that what we want?. That’ll create an incentive to work won’t it Brothers?Maximum profit? Why bother setting up a business / expanding / creating jobs / exporting.
And, if no-one’s buying top of the range, expensive items (yacht / big house / fancy car etc.) then Mr and Mrs ordinary working-class won’t get any work making / transporting / selling them will they?
We’d all end up on benefits but without the state getting enough tax income to pay for them; reminiscent of that great economic and social experiment – the Soviet Union. Now there was a success!
Wouldn’t encourage too many to buy a racehorse either would it?I came across these words from the Roman philospher Seneca the other day which seem appropriate to this thread:
What difference does it make how much is laid away in a man’s safe or in his barns, how many head of stock he grazes or how much capital he puts out at interest, if he is always after what is another’s and only counts what he has yet to get, never what he has already? You ask what is the proper limit to a person’s wealth? First, having what is essential, and second, having what is enough
Personally I’m not convinced there should be a maximum wage/salary, though how you can materially – or why you would feel the need to – improve your standard of living and quality of life once you’ve accrued say a million pounds I really don’t know. An even bigger yacht? Yet another house? Another Bentley?
Rather than have a ceiling on wages, do away with bonuses, other than the jolly spirit-of-the-season ones such as the time-honoured Christmas bonus and pay folk a flat decent wage commensurate with their skill and nature of work
And there must certainly not be a cap on what the self-employed can earn, be that sole trader or employer. These folk stand and fall by their own decisions and speculate with
their own money
, unlike that gruesome bunch in the financial markets in receipt of huge bonuses on top of hefty wages who are in the comfy, stress-free position of being able to speculate with
other people’s money
The estimable Bill Gates said ‘with great wealth comes great responsibility’ and he is essentially reprising the philosophy of many of the Victorian industrial magnates who were notable for their philanthropy: Rowntree, Cadbury, and Carnegie for example
So it would be heartening if more of those whose wealth approaches that of Croesus today would abandon the dog-eat-dog look-after-number-one considerably-richer-than-you flaunt-your-wealth ethos that has seemed prevalent in the late 20th century model of free-market capitalism, and consider ‘the greater good’
i dont think there should be a maximum wage limit, but the minimum wage should really be higher, and the age limits should change. I worked for a few months as a 21 year old on minimum wage, which was 5.55 at the time, but there was an increase to something like 5.74 if you are 22!
to be able to afford the rent!
that just seems unfair!
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