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Maximum wage? | by toysbfun | 2007-10-22 10:26:00 |
| Absolutely NOT. |
by bwkaz |
2007-10-22 15:18:50 |
No maximum. Placing a maximum on income is evil.
If you limit how much money a single person can make, you lower the potential reward for any particular risk they're thinking about taking. But rewards must be proportionate to risks: if there's a cap on the maximum reward, there will also be a cap on the maximum risk that this person will be willing to take. So there are lots of (economically) risky activities that they will no longer do.
And here's the important bit: technology-related startups are extremely risky. (Not just computer-related startups, mind you; any new technology.) Between the decline in startups (due to the high risk and disproportionately low rewards) and the inherently non-innovative behavior of existing corporations (let's face it: when the only real innovation Microsoft has had over the past 20 years is Bob, it gets rather obvious that they're not doing it right), you now have zero new technologies being developed. (Or at least, very close to zero.)
Any jurisdiction that decides to create confiscatory taxes above any given income level will therefore slow down in their technological development relative to everyone else. They may not be passed right away, but others will start catching up.
This is Not Good. |
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[ Reply ] |
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Agreed. | by jdelphiki | 2007-10-22 16:58:22 |
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