Originally posted on Quora May 26, 2023
Because at the very upper echelons of the corporate ladder people do not earn hourly wages and their salary is a pittance of their actual compensation which most often comes in the form of stock options. Warren Buffet only takes a $100K salary. Jeff Bezos only takes a measly $82K salary. Musk technically has a $56K minimum salary that he doesn’t even claim. Imposing a maximum on people who aren’t even compensated in wages is the height of idiocy. If you wanted to actually reduce their wealth you would reduce inflation and the cheap credit gluts the FED always reverts to prop up the stock market. Musk lost $100 billion, Zuckerberg $90 billion, and Bezos $63 billion just by hiking rates a few percentage points. No real wealth was lost, just an asset bubble.
My most recent pay test was for a 12-hour-per-week internet job for $9,500. For months, my sister's friend has been making an average of 15,000, and she puts in about 20 hours every week. As soon as I gave it a try, I was shocked at how simple it was.
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