7 thoughts on “The fiscal implications of Corbyn’s ‘maximum wage’”

  1. Posted 12/01/2017 at 11:17 | Permalink

    The entire point of capping grossly excessive executive is so that the money can be more fairly distributed to the people who do the actual work in the organisations they head up, and those people would therefore pay more tax (and send less of it to tax havens.) And, almost as important, it would mean tax revenue would cease to be as highly dependent on the super-rich as you correctly point out, therefore undoing some of enormous bias their interests receive from policymakers.

  2. Posted 12/01/2017 at 11:19 | Permalink

    The entire point of capping grossly excessive executive pay is so that the money can be more fairly distributed to the people who do the actual work in the organisations they head up, and those people would therefore pay more tax (and send less of it to tax havens.) But also, almost as important, it would mean tax revenue would cease to be as highly dependent on the super-rich as you correctly point out, therefore undoing some of enormous bias their interests receive from policymakers.

  3. Posted 12/01/2017 at 16:18 | Permalink

    “Jeremy Corbyn has promised Labour would introduce a maximum wage for executives at companies with government contracts”. This is from the guardian and his actual quote was “I would like there to be some kind of high earnings cap, quite honestly.” it is annoyingly vague and you may have written this piece prior to him going into a bit more detail.

    While i do appreciate your approach to showcase the levels of tax the wealthiest do pay you have oversimplified it a tad and exaggerated in others. Also if there was a 100% tax put in place revenues at £500,000 you would also assume that the higher earners would be rewarded for the loss of their earnings through stock options etc and therefore be taxed in other ways.

  4. Posted 13/01/2017 at 02:24 | Permalink

    Corbyn is a economically illiterate moron, trying to sell the public policies which would be laughed out of a typical student union for being clearly barking.

  5. Posted 14/01/2017 at 07:48 | Permalink

    “the people who do the actual work in the organisations they head up”

    Oh shut up you socialist idiot. You think running a business isn’t work? You think a company’s profits depend only on the nobility of labour? If running a business is so easy, why don’t YOU try it?

  6. Posted 16/01/2017 at 01:45 | Permalink

    This post is ‘fiscally’ unsound. There is no mention of Corbyn’s plans to increase the tax rate for top earner.

    Try again.

  7. Posted 16/01/2017 at 14:00 | Permalink

    Um … 45%, you are forgetting company NI contributions at 13.8% + Employee NI 2%

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