Not only shall a minimum wage be dictated, a maximum wage is also dictated.
The binding principle here is “dictated”. How long until it applies to “fair trade”, “authorized rates” for business charges, and “social justice” interest rates?
One of the major actions of the New Deal, as I recall. “Office of Price Administration and Civilian Supply” was a monstrosity signed into law by FDR’s executive order in 1941, and it was not abolished until 1947. That may be the way we are headed again.
“How long until it applies to...”
Wealth in general. Why does anyone need to have over $5 Mil in savings, anything more is pure excess that should be confiscated and absorbed by SSIP.
(is a sarc tag really needed?)