It was something along the lines Monte's already said. How is a people's committee going to reduce wage unfairness?
Make all wages the same? Wow. Stop investors from getting money for risking their wages backing good ideas? Or starting businesses that grow? Super-wow.
So presumably you'd support something more complex than a non-flat rate. Maybe worthy causes and jobs get more money. Awesome. Except you're either making it up as you go along dictatorially, or you have a code. If you have a code then persons who have the potential to accrue money will pay experts to explain just the right jobs and combinations of tasks to do to earn more money. This is what 'progressive' taxation is supposed to do. [EDIT: and it fails, in case you hadn't noticed]
Or, you know, you get a thriving black market economy. Or everyone with an ounce of ambition goes and lives somewhere else.
Or I guess you could build some sort of wall or minefield with barbed wire around your utopia to stop people leaving.
Right, right. I'm sure you guys are aware that that all sorts of arbitrary **** is already handled by committees, right? They aren't "people's" committees, true. They are "parliamentary" committees, but they are committees all the same, so other than the obvious reference to revolutionary terrors, I'm not sure what your point is. Fun fact: in Europe, conservative and centre-right parties are usually named... the People's Party. Maybe the "1%er Party" and the "Lizard Overlords Party" were taken. I don't know.
Regardless, I still haven't seen either of you (or anyone else here for that matter) mention actual proposals and discuss them. I guess you guys just don't know. I'm sure you'll agree that dismissing stuff based on ignorance and prejudice isn't sensible, however.
See, other than the obvious slippery slope (regulation means dictatorship and that means genocide and camps!), the most glaring flaw in your stance is that you are forgetting that deregulation is what caused the 2008 cluster****. But it gets better, because economists are already warning that the 2008 fail was nothing compared to what will happen when (not if) the global financial derivatives market, which is currently at least 10 times the size of the world's GDP, collapses. Repeat, not if, but when. And that is just a portion of the make-believe global financial economy.
So, what do you want to do about it? Let me guess, nothing. Because it will sort itself out eventually, right? Only history suggests it won't, and it'll result in either massive bailouts whose cost will be assumed by the taxpayer* while execs continue to pocket nice bonuses, or a total crash that will make everyone equally miserable. Sounds familiar?
I don't care what other people earn. I care what that means for me.
It's funny, because I'm not even arguing for regulation. I hate regulation. Regulation means somebody's making them rules, and that somebody is 9 times out of 10 either exploiting the rules for himself or selling out to someone who does. But please, please don't make it look like that only happens in so-called "socialist" countries.
So, what do you want to do? Is anyone out there saying what you want to hear? Don't forget that,
If voting changed anything, they'd make it illegal — Emma Goldman
*remember, as per your own admission, the super-rich don't pay taxes because fiscal engineering is a thing and they can afford to hire experts, or even outright buy MPs to write them some nice custom-made bills. So by taxpayer, we actually mean the poor and middle class.
Edited by 213374U, 06 May 2015 - 12:37 PM.