1 million a year is ridiculous, you can already accumulate wealth if you have that much. And that defeats it already. What you want is an equitable society, in where social ownership is the norm. Credit unions, time banks, for example.
I think it’s much more sane to have a max of what ordinary salaries in worker-owned co-ops top out at. A manager at for example Mondragon, a federation of worker-owned co-ops, may earn no more than five times the minimum of their own workers.
Assuming you’d need €40,000 a year in the poorest US states as a living wage, that yields €200,000 a year there.
The issue with money is also, it can be accumulable, and inherently fosters inequality. Time banks might be an alternative, but they ultimately rend into wage labour by a different name. An idea might be a form of decentralised Community Exchange System, which is essentially a mutual aid system that fosters to give-it-forward (and thus to share).
1 million a year is ridiculous, you can already accumulate wealth if you have that much. And that defeats it already. What you want is an equitable society, in where social ownership is the norm. Credit unions, time banks, for example.
I think it’s much more sane to have a max of what ordinary salaries in worker-owned co-ops top out at. A manager at for example Mondragon, a federation of worker-owned co-ops, may earn no more than five times the minimum of their own workers.
Assuming you’d need €40,000 a year in the poorest US states as a living wage, that yields €200,000 a year there.
In Vietnam, this would be about €4,750 a year., and thus € 23,750 for the richest.
In Switzerland, that might be €60,000 a year and therefore €300,000.
The issue with money is also, it can be accumulable, and inherently fosters inequality. Time banks might be an alternative, but they ultimately rend into wage labour by a different name. An idea might be a form of decentralised Community Exchange System, which is essentially a mutual aid system that fosters to give-it-forward (and thus to share).