Over half of Britons support maximum wage

[h0b0]

From this This is money article it has been suggested over 50% of Brits support a maximum wage. Hardly surprising as the £100k max would only impact 3% of UK residents. But, if the majority want this, does it have legs?

I am opposed to the idea because I am very sure the 3% being impacted would find a way around the cap as they always do. And, I am sure some people on over £100k earn it through their contribution/expertise. What are the thoughts of piston heads?

[s2art]

h0b0 said:

From this This is money article it has been suggested over 50% of Brits support a maximum wage. Hardly surprising as the £100k max would only impact 3% of UK residents. But, if the majority want this, does it have legs?

I am opposed to the idea because I am very sure the 3% being impacted would find a way around the cap as they always do. And, I am sure some people on over £100k earn it through their contribution/expertise. What are the thoughts of piston heads?

Good luck with the Premier league if that went ahead.

[BlackLabel]

If a max wage was 100k then where would all the tax revenue come from to run our public services?

[bp1]

Ultimate expression of the politics of jealousy.

[bitchstewie]

I don't think the issue in the UK is rewarding success it's that there are often seen as no punishments for failures other than onto the next highly paid job.

[worsy]

Communism.

[2 sMoKiN bArReLs]

There's a nutter theory for every subject you choose to pick

[loafer123]

It is hard to imagine a more economically damaging proposal.

Have you looked at the proportion of tax paid by people earning over £100k per annum?

Do you really think people earning over £100k would continue to work as hard and employ as many people if they didn't get any benefit?

[General Price]

Over half of Britons are thick.

[crofty1984]

Let me guess - the people that want this will not be affected by it whatsoever? Fancy that!

[loafer123]

bhstewie said:

I don't think the issue in the UK is rewarding success it's that there are often seen as no punishments for failures other than onto the next highly paid job.

I have some sympathy for this, but that is a matter of poor corporate governance in large corporates and public bodies, rather than an issue with large paypackets per se.

What about SME owners? Take the risks, earn the rewards. Are they just encouraged to retire somewhere sunny, and leave behind the smoking ruins of the UK economy?

[Biggy Stardust]

crofty1984 said:

Let me guess - the people that want this will not be affected by it whatsoever? Fancy that!

They will be affected- someone else's wages will be 'redistributed' to them.

[bitchstewie]

loafer123 said:

bhstewie said:

I don't think the issue in the UK is rewarding success it's that there are often seen as no punishments for failures other than onto the next highly paid job.

I have some sympathy for this, but that is a matter of poor corporate governance in large corporates and public bodies, rather than an issue with large paypackets per se.

What about SME owners? Take the risks, earn the rewards. Are they just encouraged to retire somewhere sunny, and leave behind the smoking ruins of the UK economy?

I agree so maybe I wasn't clear enough.

I don't object to people being paid well so long as they do a good job.

My issue is when you hear about people with large salaries who work for Argos (random example) totally fk it up and simply leave and walk into a similarly high paid position at Boots (random example).

[devnull]

The problem is that a lot of people in the UK think 100k is an unfathomable amount of money.

[pquinn]

Sounds like the same sort of survey that gives you 66% support for a full lockdown today, or 80%+ for some other government stupidity.

The numbers don't pass the smell test even allowing for the huge number of idiots in the population.

[jakesmith]

I'm alright with it in fact I like fairness - so why not make everyone pay the flat rate of tax on all earnings to achieve the same tax take.

Treasury spending budget is about £800B
Let's assume there are 35m people in work
Average pay in the UK is £28k
Total wage in UK is therefore £980B
So we need a tax rate of 82% to make it really fair

Let's see how many people would be up for that kind of equality - where we all contribute @ the same rate
A person on minimum wage 37.5 hours a week would take home £249 a month

Oh maybe it's better to let some people earn more?

[Vanden Saab]

Half of all people in this country do not think they will ever earn over 100k, Astonishing...

[BritishBlitz87]

I'm not against such a proposal, but 100k is a ridiculously low bar. 10 or 20 or even 50 million per year on the other hand would be a more acceptable ceiling, I don't think anyone can conceivably think that their work is worth that much to society.

I've always been in favour of a system whereby those over a certain, extremely high threshold (Say somewhere between £500m and £5bn) are not allowed to hoard wealth, but instead must spend the excess on philanthropic projects of their choice or at least something that's of value to society like art, historical preservation and, grand public architecture.

[jakesmith]

Vanden Saab said:

Half of all people in this country do not think they will ever earn over 100k, Astonishing...

And if they can't have it, no-one else should!
The exact same jealous mentality that sees people murdering their partner when their relationship ends.

[biggles330d]

Vanden Saab said:

Half of all people in this country do not think they will ever earn over 100k, Astonishing...

Half of all people in this country think that leaving the EU will result in some golden era of milk and honey on the sunny uplands of cake and eat it.

I'd suggest that working out that nobody earning over £100k would decimate tax revenue is a damn sight easier than working out all the consequences of Brexit yet a great many would argue that people understand fully what they voted for, Astonishing...