Maximum Wage

The United States has had a minimum wage for over sixty years, which begs the question: if we have a government-imposed income floor, why don’t we have an income ceiling? Through the years, the idea of an income ceiling has been brought up several times as the solution to the supposed problem in the U.S. of a very small percentage of the population controlling a very large percentage of the assets of the …showed first 75 words of 854 total…

…showed last 75 words of 854 total…it would really only cause a shortage of labor and a lack of enthusiasm for working on the part of many people who were previously successful. Furthermore, the thought of mass redistribution of funds is a concept that is much more closely related to communism than it is to capitalism, and since the majority of Americans find communism to be a generally unsavory notion, a maximum wage would never be widely supported by the public.