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      • foggy@lemmy.worldEnglish
        3·
        2 days ago

        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.