What would the economic implications of salary capping be?

[Whirliwig72]

Just musing as I dole out fish fingers and smiley faces to my son... If a law were to be brought in making it impossible to earn more than a set amount (say £80k pa) and illegal to sell an asset for more than 4 x times this amount what would the implications be on society? Would it create more or less employment? ... Would people be less motivated to work hard?... Would it make people happier?... Create a more utopian society? Please give me your thoughts....

Progressives love the new world order, it is a progressive dream.

'When the Financial Times asked Soros what Obama should discuss in his 2009 visit to China, he replied:

This would be the time' because I think you really need to bring China into the creation of a new world order, financial world order.'

I think you need a new world order, that China has to be part of the process of creating it and they have to buy in, they have to own it in the same way as the United States owns ? the current order.

He added that the orderly decline of the dollar was ?desirable,? as it would allow the entire system to be reconstituted toward global currency.

thenewamerican.com/world-mainmenu-26/north-america-mainmenu-36/5226-george-soros-touts-china-as-leader-of-new-world-order

But the progressives are just puppets too - they aren't the puppet masters.
Progressives are just purveyors of the planned and predicted new world order.

Will the people rue the day the progressives have their way?

Global warming, global currency, global governance, globalisation - all parts of the progressive paradise. But are the progressives really the people's pal, are they as pleasant as they pretend? Where will it all end?

Now we have austerity, is that the end of the planned severity?

On the planet, population and pensions, what are the progressives planning?
A new world order? There's the sting.

What will the progressive future hold? Will it be the end of liberty, the end of sovereignty, and what of civil liberty, will the boot stamping on the face of the people be hard, will it be all DNA databases and the ubiquitous ID card?

The new world order could be one where there is a global consensus that half the world's population needs culling. You're either in the club or you're off the face of the planet. Get rid of the sick, weak and disabled and start again. Unfortunately, it won't envisage getting rid of the greedy and selfish, because they will be the ones who ensured they were at the top of the new world order when the decisions were being made. They will then decide things aren't so great as they thought, the new world order will fall apart and there will be decades of war, during which the good half of them will be killed off and the other half will no longer look quite so perfect.

Yes, I'm warming to the theme, now...

Of course, we are all greedy and selfish, just in different degrees... Some people make a spectacular job of it.

They call it sustainability, they say the population size is not sustainable. They say they want to "save the planet" for us.

Do you think the people will prosper or remain in penury when they have their way?

They say we are using up their resources, that there's not enough food to go round, they say we should eat less meat as the cows' methane is bringing the planet down.

But we know there is enough food to feed the world, it's just a matter of pennies and pounds.

Under this austerity, while the people suffer, the rich have only grown richer, just like under New Labour's reign. It's no surprise for those that have eyes to see, it's always been the same.

They bailed out bankers with untold billions, possibly even trillions, they said it had to be done or they might leave the country, they said it had its worth, but did they do the same for the starving millions on this earth?

One thing most of us can agree on is that there has been nothing worse for planet earth than man kind. We on its face for a mere blip in terms of time.
Some countries indeed have problems feeding their citizens. One reason many musnetters are pretty fat is because our ancestors have always faced famine and those able to store fat for difficult times were the ones who survived.

'One thing most of us can agree on is that there has been nothing worse for planet earth than man kind. We on its face for a mere blip in terms of time.'

Et tu, Xenia? Have you also been fooled by the deception of the progressive spinners? Those who claim that humanity is a virus or a cancer on this earth? Those who claim that humanity is harming the "planet"?

Where should one seek the truth when progressive lies are prevalent, when spin sounds all around? What should one do when even questioning "climate catstrophe", even so much as asking "what on earth?" earns the progressive rebuke that one believes in a "flat earth"?

We should turn to one of the greatest political thinkers of all time, a man who emanated from the shores of this isle and even went to Eton - the great George Orwell.

"In a time of universal deceit, telling the truth is a revolutionary act"

Which is why I say, put down your papers full of spin, recycle them all in the green bin, turn to an organ that tells the truth without fail, pick up the Daily Mail.

But the Daily Mail has admitted to telling lies and half truths.

Here's another scenario: under the new world order, different countries will become specialists at different things. eg this country will become an enormous mecca for the finance industry, and Kenya will grow an awful lot of French beans. If you have children who are not talented in the areas in which your country specialises, then they will be removed from your care at the age of 14 and sent to the country that best suits their talents. There will be a special island for those who are considered to be no good at anything and those people will think they are going there to be looked after, but actually there won't be any carers on that island, just lots of other people considered inadequate and superfluous to requirements by society. They will not be sent any aid, but there will be a few guards ensuring they don't escape. The decision on what your children are good at will be made by government officials and there will be no right of appeal.

'But the Daily Mail has admitted to telling lies and half truths.'

Nobody is perfect apart from God in Heaven. Let us not hold that against those who try their best.

The only thing the Dail Mail tries its best at is being small minded, hypocritical and petty.

'The decision on what your children are good at will be made by government officials and there will be no right of appeal.'

Another great English thinker wrote about exactly that. His name was Aldous Huxley and in "Brave New World", sometimes referred to as 'Brave Progressive New World Order", he foresaw a world of gammas and deltas and an elite of alphas. The gammas and deltas would receive an education suitable for their purpose. Pricing them out of an education keeps them down.

'under the new world order, different countries will become specialists at different things'

This is already happening under globalisation. It ensures that no country can be independent and maintain national sovereignty. It makes the world interdependent and subject to the control of a gloabl progressive elite.

'The only thing the Dail Mail tries its best at is being small minded, hypocritical and petty.'

Please stop reading progressive pamphlets.

In an interdependent world, where capital is global, and national industries are privatized and in private hands, any contagion becomes instantly global.

If a puppet master chooses to flick a switch or pull a lever, financial contagion will spread instantaneously across the globe, and not a single person on this earth can escape the subsequent austerity.

But, hey, it's OK, because they always intended to create their 'new world order'

Do you really believe the bailouts were for the bankers? Really? No, the bail-out were to stop the financial system from collapsing - to dampen the effects of the crisis on the real economy (I.e. All of us).
If you want to understand more about this, the latest Rogoff book would be ideal. Whichever papers you've been reading so far clearly have swallowed and regurgitated the populist and popular rubbish coming from many politicians...

Btw, who are the puppetmasters?

'Whichever papers you've been reading so far clearly have swallowed and regurgitated the populist and popular rubbish coming from many politicians'

I beg your pardon, I read the Daily Mail.

'Btw, who are the puppetmasters?'

Nobody knows, for we are like the children who watch the Punch and Judy show, although it is no comedy, they call it austerity.

'Do you really believe the bailouts were for the bankers? Really? No, the bail-out were to stop the financial system from collapsing'

At the expense of the economy collapsing and millions worldwide losing jobs, benefits and suffering declining living standards?

They should have nationalised the banks, liquidated some of them and written off lots of debts. The banks should have taken a haircut and some people responsible should have been prosecuted.

'Whichever papers you've been reading so far clearly have swallowed and regurgitated the unpopular rubbish coming from many bankers and politicians'

i.e. that the banks were too big to fail. They let Lehman Brothers fail, which brought teh house of cards down. We should have called their bluff and taken them all into receivership and then restructured them all, written off lots of debts and reorganised them on a sound financial footing.

The planet will not fail and the banks are not too big to fail, that is the progressives' tale.

We come and go, the various species on earth (I am assuming I am not writing amongst creationists on this thread) The planet is old and man is a tiny blip on it and we will then be gone. It is as likely to be changed by asteroids as by man.

Anyway back to markets they go in cycles. We don't have a great depressoin at the moment like the 30s as we are managing things better. However different parts of the earth in recent times have had their hey day and others not as well all know. There is no reason the West should always be in the economic ascendancy.

However what is true is that those of us who are here today are those who were the fittest. Those survive and that's as true of markets as it is of childbirth and all manner of other things. We are an ambitious and competitive species, both men and women and it's huge fun.