China’s Financial Elite Face $400,000 Pay Caps, Bonus Clawbacks

Bro I'd literally be impressed if we set a 1000x cap.

100x would be a reasonable utopian goal from where we are today.

5x is hard to even fathom. Especially when there exists a ~3x gap in minimum wages across the country.

I propose the minimum wage goes to $250/hr. Maximum wage goes to $2500/hr. You can make between 500k and 5m a year. The only catch is that 60% of it gets taxed up to 1M And 80% gets taxed beyond that. If you somehow do get more that $5M in a year, every dollar after 5M is taxed at a rate of 99.99%.

So you can make 100k - 200k after taxes and be poor.

You can make 200k - 1M after taxes and be the upper middle class.

Musks 46B would be... 5.6M after all taxes applied.

That seems reasonable.

5 comments

Communists!
Oh wait…
That's one way to basically ensure the US never imposes pay caps on executives.
- Imagine a world where you cap pay to 5x the lowest paid employee.
  
  Bro I'd literally be impressed if we set a 1000x cap.
  100x would be a reasonable utopian goal from where we are today.
  5x is hard to even fathom. Especially when there exists a ~3x gap in minimum wages across the country.
  I propose the minimum wage goes to $250/hr. Maximum wage goes to $2500/hr. You can make between 500k and 5m a year. The only catch is that 60% of it gets taxed up to 1M And 80% gets taxed beyond that. If you somehow do get more that $5M in a year, every dollar after 5M is taxed at a rate of 99.99%.
  So you can make 100k - 200k after taxes and be poor.
  You can make 200k - 1M after taxes and be the upper middle class.
  Musks 46B would be... 5.6M after all taxes applied.
  That seems reasonable.