Is concentrated wealth a bigger problem than poverty?

We always talk as if poverty is the problem, but the problem is concentrated wealth. Instead of raising the minimum wage, maybe we should install a Maximum Wage. No One is worth $10,000 an hour. That's obscene. Would love to hear a discussion and see a movement on imposing a Maximum Wage. Not in terms of taxing the wealthy, but simply a cap on income.

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  • commented 2017-02-04 18:25:51 -0500
    It worked in 1944, it will work now.
  • tagged this with good 2017-02-04 18:25:51 -0500
  • followed this page 2016-07-17 15:40:47 -0400
  • published this page in Ask Prof. Wolff 2016-07-16 10:46:24 -0400