What?!
He is nuts! How can he tell anyone what they are allowed to make? If he wants a revolt he can just keep talking like this!
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.
It’s actually not a direct cap on compensation. It’s a limit to how much executive salary a company can claim as an expense against income tax.
It is a very sinister application of the 16th amendment. The problem is that it will have very strong demagogic appeal to a majority of Americans who don’t grasp and don’t care about the implications of such actions by our government.
I don’t think the states had this in mind when they approved the 16th amendment, but the power they granted to the Congress on collecting income taxes has been understood by the courts to be absolute, so I’ve read.
a maximum wage??
The only salaries that should be controlled by federal gvenment should be those paid directly by the federal government.
They have indeed lost their “collectivism” minds!
They want a revolt, and they think they can win one, putting conservatism to death for good in their books.
This is what provacation is about. Its a fascist technique to divide and conquer society, one sector at a time. The Nazis used it effectively to cow the population, disunify Germans, so that ordinary men and women supported them.It was combined with jingoistic continuous bombardment of the public with propaganda, just like Obama is doing, a continuous presidential campaign that never stops.
The question simply is, when will we fight them to win? Who will help us, Canada?