What is your opinion on a maximum wage?Submitted by sethr11 on Fri, 08/09/2013 - 18:26
I had an independent thought and as it turns out it is not a new idea. What would be wrong with an economy that imposed a minimum and a maximum wage? Assuming that we had sound currency, not fiat, wouldn't the human drive to have more than one's neighbor still be a driver of innovation?
Just to throw out arbitrary numbers, lets say a person could make no less than $30,000 and no more than $150,000 a year. Wouldn't people still want to have 5x the money of others, while capping off the drive to be a billionaire while others go without?