We need a statutory ban on anything paying any of its employees more than 10 times
what it paid any of its other employees, with the whole public sector
functioning as a single entity for this purpose, and with its median
wage fixed at the median wage in the private sector, to which manual
jobs would no longer be outsourced. MPs and Ministers would be included
in that, and there would be a statutory ban on anything, anywhere in the
economy, paying anyone more than the Prime Minister.
In much that vein, there is also the matter of holding Iain Duncan Smith to the logical conclusion of his position, namely a unified system of taxation, benefits, pensions, minimum wage legislation and student funding, to ensure that no one’s tax-free income ever fell below half national median earnings. Some of us have been blogging away for years that there should be a single form of Social Security payment, called simply Social Security, and guaranteeing that minimum income universally.
Ed Balls, over to you.
In much that vein, there is also the matter of holding Iain Duncan Smith to the logical conclusion of his position, namely a unified system of taxation, benefits, pensions, minimum wage legislation and student funding, to ensure that no one’s tax-free income ever fell below half national median earnings. Some of us have been blogging away for years that there should be a single form of Social Security payment, called simply Social Security, and guaranteeing that minimum income universally.
Ed Balls, over to you.
Why do we need a ban (and ANOTHER law) on something that should be up to individual companies? You already have the minimum wage, there's no need for you and out of touch politicians to start deciding how much those companies pay others.
ReplyDeleteMr. Miller,
ReplyDeleteThe problem is that the private sector wants government benefits (roads, sewers, police and fire protection, law courts, etc.) without social responsiblity.
All business entities are, in most cases, creatures of the State anyway. You must go through the State to create a corporation, for example.