boom, regulation avoided.

you take w/e they got salaried and divide that by 2080 and thats their hourly rate.

since its a position that requires advanced knowledge, they would be exempt from overtime too, so its almost the same as a salaried set up.

I dunno what you mean by 1000 an hour / Entry Level... Isnt Entry level usually like 20.00 an hour = 41k a year

hes trolling lol

Regulatiion of the amount of money you can make isn't really regulation guys! See this gets rid of the regulation!

I never said it wasn't regulation, would bring down inflation. No one needs to earn more then 12.5k a month

Just a though excursive anyhow

You'll have to close your iron curtain too, or people will bail out

Old enough to be born before the iron curtain was lifted

Actually, this is not communism. Communism would be saying everyone will make xxxx amount of money. This would just add an upper limit and it would still be possable to earn more with stocks or via a freelance job

Do football players really need 2.3 million dollars a year

The question is not whether they *need* this, but whether they *can* get this somewhere else

They cant if this were a thing

If I can earn 150k here or 2.3m there for doing the same job, guess where I will be working

It's hilarious you think it's how much people can earn and not the Fed and our imaginary fiat currency that causes the crazy swings of inflation and deflation. Are you a writer for Owen Benjamin?

Didn't Trump say he wants to get us back on the gold standard, i'm all for that.

Yes, the FED increasing interest rates devalues the dollar and increases prices

I'm no economist but I think we could phase out the fed. However, I'm not sure how

Yeah, but your whole idea to stop inflation was to do the same sort of retarded "well intentioned" regulatory bullshit that congress and the Fed already does

We can't phase out the fed, but we can't just put arbitrary limits on shit ant hink it'll solve anything

I'm a small business owner

I have my own S Corp

If you tell me I can't make more than 150 or something like that

then the Corp will just spend money on me

ez

Businesses would be able to earn an infinite amount. It would just apply to saleries

Legalism sounds great until you try to implement it and deal with the courts and judges

who businesses will just buy off like they already do

You're missing my point

I control the business

Trying to limit salaries to stop inflation is the dumbest solution I've ever heard anyway.

Especially since for the rich

most of their money isn't from any salary

The business would be able to earn whatever and pay salaries, you as an owner would be limited to a 150k a year salary but that dosn't mean you couldn't spend more on the businesses dime.

which I could just spend on myself...

IRS can't do it's job as it is, and they're supposed to audit everyone's books to make sure no one is cheating?

I guess in your capped income future we also have free college, free helathcare, and unlimited government resources.

Any rule like that will just be exploited and bent by the rich, like it alraedy is

or the people with small businesses who would be smart enough to just spend money for themselves through their business

No, I never said anything about all that free stuff.