The US economy moved from a capital goods basis to a #consumer goods basis a century ago. An #economy like that needs high incomes for all to ensure the consumption rates needed. Without a #MaximumWage and a high #GuaranteedMinimumIncome, the whole thing will inevitably collapse.

„Wir reden ständig über den Mindestlohn. Aber noch wichtiger ist die Einführung eines Höchstlohns. Eine Million im Monat reicht völlig. Wer mehr braucht, mit dem stimmt doch was nicht.“ (Jesse Ventura) https://schrotundkorn.de/leben/hoechstlohn
#taxtherich #MakePollutersPay #earth4all #EarthForAll #maximumwage #Höchstlohn #Umsteuern

Max-Planck-Forschung 4/2024: "Das bleibt in der Familie" https://www.mpg.de/23933667/MPF_2024_4.pdf
#taxtherich #MakePollutersPay #earth4all #EarthForAll #maximumwage #Höchstlohn #Umsteuern

"We could also introduce a maximum wage policy (meaning that income over a certain threshold faces a 100% rate of tax). The maximum wage could be set in proportion to a minimum wage, for example at no more than 5 times the minimum legal wage."

#WinneVanWoerden, 2022

https://www.commonsnetwork.org/2022/06/01/we-need-growth-because-otherwise-our-economies-will-collapse-and-other-myths/