Political Discussions

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ViewSonik

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OK Ill Start: Even if Companies starting paying people a lot more instead of themselves, they would also sinply raise the cost of products up to "acceptabce levels." What realistic laws could help? (self.politicaldiscussions)

submitted 1 year ago by ViewSonik to c/politicaldiscussions

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The more they pay us, the more expensive everything gets, from gas to groceries.

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[–] Brainsploosh 2 points 1 year ago (2 children)

Besides your whole premise misunderstanding the basics of Macro economy and/or the drivers of inflation, there's plenty of laws that help around the world.

In Switzerland, no salary can be more than 12x any other salary in a company.

In Northern Europe, dividends are taxed at comparable levels to salary. With tax brackets and everything.

Progressive marginal taxation per bracket. There's a famous case where a famous Swedish author made enough to be taxed 140% of income in high enough tax brackets. That might be extreme, but taxing 60-70-80% at certain thresholds have made for both fairer and more stable societies as well as plenty of tax money to spend on improving infrastructure.

[–] ViewSonik 2 points 1 year ago (1 children)

Im no economist, so definitely have a lot to learn here in this space.

How is it working out in Switzerland regarding the 12x? That seems very interesting as well

[–] Brainsploosh 1 points 1 year ago

I checked for references on Wikipedia now, and it seems I was mistaken, they proposed it but never seem to have passed it. There is no such wage ratio law in Switzerland.