My answer to Can you honestly "earn" millions while still claiming to behave moralic and ethical while others obvio…
Answer by Desmond Last:
Is a trader on Wall Street any less entitled to his bonuses than a Football Player his contract, and a Film star his film fee? Should a person who puts the labels on the baked bean cans be paid only just enough to keep him in food and accommodation?
Should we put an upper limit on their contracts? After all the low-paid are given a wage point. If we paid the Wall Street trader less would he still sell shares? Would the football player still score goals?
If we take away aspiration then we must replace it with something else but that involves regulation.
We need a system of recognition that is directly proportional to the good that a highly paid wage or contract provides.
We could reform the taxation system or we could tax the higher paid more. They do pay less tax in value terms than a low paid person.
A low paid person gives a far greater value to one dollar than a person on $5000 a week.
But the rich do not like paying taxes. Who can blame them when they see it so easily wasted by inefficient governments? So instead of increasing their tax let us give their tax more value and reduce tax avoidance.
What we could do is allow the rich to use their tax before it goes to central government to pay for projects in their local communities. Let us get their ability to make money and their taxes directly involved in say building a new hospital or school.
We could also tax the rich at a higher rate for investment outside their own country.
We need to direct the spending of the very rich. After all they could not have made it without the low-wage earners. But we need to do it in a way that gives them choice. Hence the tax reform.
For the low paid we must move away from wage only reward to a system of profit payments after tax. But the system must penalize those who do not produce to the workforce medium level.
Let workers feel the benefit of increased production and sales whilst understanding what it is that causes their company to lose money when they are not paid their bonus. Let us reduce company pro-rata for those payments.
Let us also increase sales tax for the mega yachts and exec jets. But let us rebate it per job created.
We must stop Donar Aid. It removes investment opportunities for the rich who we want to direct with tax incentives to start-ups in developing countries.
Donar Aid is destructive and supports human rights abuse.
In summary. Socialism will never work because some people are lazy and selfish.
We must have aspiration, but we must also be able to ensure that the low-paid see the benefts of the money they helped the rich to make. We can achieve this with tax reform.
We must also provide new Investment opportunities in developing countries by stopping all Aid. More on my new economic system on