the best way to attempt to implement a maximum wage is to tax the every loving fuck out of anyone make a certain amount ie, you make 10m/year a thats 100% progressive tax.
but it wont happen because humans are weak and the rich have bought the government.
I like corporate taxes being tied to the ratio of the highest compensated full time worker and the lowest compensated worker. Note that I specifically said compensation and not wages and full time worker and not employee.
If the highest compensation package is stock options worth 30 million and the lowest compensation is an “independent contractor”, that scrapes by on 30k a year. The ratio is 1000, some standard equation would then define the corporate tax rate. Hopefully a ratio that high would be 100%
You could apply the law across all companies in a conglomerate, forcing either competition to be more attractive than monopolizing or forcing the tax to take effect with potential harm to lower income targeted companies within the conglomerate, allowing competition at the lowest income levels to flourish while eliminating it among higher end brands.
I.e. either Yum Brands sells off taco bell in order to focus on higher end options like KFC, or taco bell essentially gets sold off to a new company without the same leadership.
It’s flawed, like all attempts to keep capitalism in check, but it’s easier to sell to a brainwashed public than any left wing option that would actually improve society instead of just slowing capitalism’s journey towards the total enshittification criticality point.
