I won't completely reiterate my response to Lineskicat, but I can't behind having some third party tell anyone how much money they need. Need has nothing to do individual liberty and freedom. We are entitled to whatever we earn. No one should have the power to take that away just because someone thinks they don't need it. That is just not consistent with liberty.
What I really wanted to comment on is the idea of limiting corporate earnings. Aside from the point above, it would be a disaster waiting to happen. Earnings are what attracts investment in corporations. People invest in corporations that can provide a good return on their investment in the corporation. Limiting earnings would completely destroy how people invest in corporations and would likely strangle investment in high earnings corporations because those earnings would now disappear down to your threshold. It's just not a workable model aside from the questions about the violation of liberty.
Liberty is going by way of the dodo thanks in large part to a handful of large global corporations.
Google, is the about the only search engine anyone can name. Then they gobbled up Youtube. Limiting my liberty to search for things from other parties. Limiting the freedom of others to compete fairly.
Facebook was already the only game in town before they bought IG. Which limits other people from competing in that space, and limits the ability of you and me to have options when it comes to social media. They're starting to censor to boot. Why? because they can. Hell, they can influence elections too. They're the only game in town. They have no competition.
Jack Dorsey...Jesus, he's a billionaire many times over! Why the f**k does he need to go into Fintech. Electronic payment sector would have been fine without him. Now he not only has the ability to influence, censor, and keep tabs via social media, he now has your financial information. How's that for liberty?
Society doesn't need Zuck to buy IG, Google to buy youtube, Jack to get into the payments space. Youtube, IG, and Fintech would all be fine without them. Society needs more hospitals, someone to really get to work on a solution to the drug problem, less homeless, less hungry, etc...
Amazon and Bezos. No capitalist liberty loving freedom fighter can be for an Amazon or Bezos.
I don't really mean to literally cap earnings either, but I think there is room for discussion on rerouting and refocusing earnings after a certain point. Especially now that a lot of these big giants are trying to find ways to cut labor.
I'm also not saying put the clamps down on everyone. It's a very small number of mega-conglomerates and a handful of families/people at the very tip-top of the richest of billionaires list.
I'm also not even suggesting it be law, more of an understanding. A new social contract for a great society. A general agreement that the 1% of the 1% in company and/or individual wealth instead of buying a newspaper or expanding into a 10th sector and gobbling up the competition, maybe they build a dozen schools and hospitals.
Hell, they can even have the liberty to choose.
"Fellas...you want higher taxes or do ya'll want to take care of some things?"