Should there be a Maximum Wage.?

[vivandorron]

There is legislation which ensures that all employees are paid a minimum amount for their services. Consequently, I hold the view that Government could pass an Act which would put an end to the exorbitant salaries and bonuses which are being paid to some individuals; a number of whom are avoiding taxes by being declared as Residents Outside of the U.K.

However, there could be too many M.P.s who fall into the very high salary bracket, with their additional aside interests, for such a proposition to pass through Parliament.

Ron.

[DaisyNonna]

Had the qualifications and ambition, grammar school though. Of course I did not have the correct handshake. That is because I am female. (Never did want to build with stone.)

[vivandorron]

Hi Count...Hope you're as strong as ever. :-) Do you honestly feel that if all the 'high fliers' left the u.k. there would not be enough intelligent people left to put matters right.?

Ron.

[Count-A-Strong]

So you're thinking there are hoards of altruistic intelligent semi Marxist people out there who only want to see the country doing well and would accept a glass ceiling on wages and wouldn't care whether the same job in another country paid twice or three times as much.
This is Earth were talking about is it?

[vivandorron]

Count....I regard you as intelligent and I am pleased that you have remained in the U.K. and acknowledge your comments; even if we appear to others as being opponents. Hopefully you'll agree that we are both, straight talking, down to earth individuals.

Ron.

[vivandorron]

DaisyNonna....I appear to have overlooked your comments. Sorry..but will say something before retiring for tonight and picking-up this thread tomorrow.

I am of the 'old school' and would not shake your hand. However, I would accept your hand and kiss it gently and say " Thank you "

Ron.

[dr b]

A little data on tax rates and tax collected in the UK from

http://www.guardian.c.../25/tax-receipts-1963


1971-72 24.6 41.5
1972-73 26.3 39
1973-74 29.7 39.5
1974-75 37.9 42.1
1975-76 47.9 42.7
1976-77 56.4 43
1977-78 62.9 41.3
1978-79 69.8 40.1
1979-80 85 40.5
1980-81 100.9 42.2
1981-82 119.5 45.4
1982-83 129.7 45.1
1983-84 137.9 44.1
1984-85 147.6 43.9
1985-86 157.8 42.7
1986-87 164.6 41.6
1987-88 178.9 40.6
1988-89 197.1 40.2

The first column is revenue collected in pounds, the second is revenue collected as a % of GDP. Both in absolute and relative terms, tax revenues collected rose as top and base tax rates were reduced throughout the 1980s. High tax rates do kill the incentive to work harder (there is substantial academic research supporting this point as well).

[vivandorron]

rjt14.....My apologies for having appeared to disregard your response. Bankers and Ball Belting Bods are people to be despised. Although I wouldn't mind having their wages; even if it meant paying more tax.

In conclusion, I wish to thank all who have contributed to this thread.

Ron.