UK Maximum Wage

Make me. After you can't, feel free to cry more about "muh electability".

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There is only one way, comrade.

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Wouldn't this just shrink the economy and reduce tax revenues?

Corbyn = dummy

Yes, social democracy is inherently self-defeating because it relies on the profits generated by capitalism to hinder capitalism. You can't work within a framework of dependency on the system and expect to be able to change it.

It's not that social democracy is self defeating, it's that the proposed bill is self defeating. Corbyn is a lame populist rabble rouser

Poor Jezza, he cannot catch a break. The "your gonna damage football" sentiments will not help him i fear.

at least it has some track record of working in practice

oh dear, he's a walking talking living shambles

Really dumb idea because capital gains.
He should have just said a wealth tax.
He's wasting political capital and time on stupid shit.
Not a clever politician.

thats a dope hair

I would prefer a wage ratio tbh

Maybe like 10:1 for now

thing is even if zuckerberg paid himself minimum wage he owns an asset that's appreciated so much he's worth 50bn
so a lot of times a wage cap doesn't do a lot does it?

Well, that isn't that much really. The point of a maximum wage is more to stop gross inequalities than punish ordinary people. I'd say 500,000 is probably a good.amount.

I know, it's very complicated when you add in wealth, property, stocks, assets, shares etc

how would it do that? does the money magically disappear?

*random ass number pulled out the ass*
this will fix our problems

or…you can cut taxes and public spending, thus ceasing to put this money through the economy and thus, reduce tax revenues. You can't win with Keynes or Friedman

He wants to essentially cut peoples wages. What he needs to do is attack the owning class, put a tax on share dividendies

The left loves Bernie Sanders but apparently Jeremy Corbyn doesn't get much love (even though he is more left wing). I don't get it.

Why don't social democrats push for more taxation on land value and capital gains, and cut taxes for wage earners?

Why don't social democrats do anything that ever makes sense?

Mental retardation

Yes.. I vote labour but to appeal to small business owners and non sjw working class like me he has moved so far left.. I know some on here want full blown socialism but it's not happening the Murdoch press and baby boomers. Monarchy etc are too powerful.

He won't be elected tories till 2026 at least

This.

The only people a maximum wage would effect is that small subset of highly paid professionals (proathletes, doctors, etc) who have the money but not the interest or intelligence to properly become bourgeois.
Everyone else would just scoot on by the cap one way or another.

This isn't ideology, this is an Arsenal fan wants to ragequit on UEFA for another Bayern matchup.

Torture the piece of shit to death over a decade or two.

Nigga is OG absolute madman. Trump ain't got shit on him. UK please elect this man to be PM

As others have said, a maximum wage wouldn't really do anything except piss off people who would be open to "softer" but way more effective anti-capitalist policies.
Oh, and football fans.

My friend saw Corbyn eating a banana on a train. He's not bad.

There has been an overwhelming propaganda campaign against him from the moment he became the party leader. The conservatives are dismantling and selling off the NHS off piece by piece, but Corbyn is the one who gets labeled "unelectable". If he's unelectable then the electorate are fucking morons who should get as much of a vote as fucking earthworms.

Yes, because rich people are producing less and they have less money. The GDP is actually smaller.
Nothing magic about it you smug fuck.
If nobody worked there would be no GDP

Taxing and spending mostly just moves money around
There might be complicated things to do with the marginal propensity to spend, but that's stupid tho because money saved ought to be spent by someone

Don't worry, we will meme him into power.

Corbyn is taken some notes from the Bernie sanders campin and trump victory.
He is being bold and announcing his policies loudly, he is getting the people on his side and against the media.
This is the trick trump should teach every politician, you can be for a controversial policy, if the people are for it, because they are all that matters, the media and the current government dont matter.

Like when boris johnson shat on saudi arabia, the people hate saudi arabia, this is something that wins him votes, it is a soft populism.

I dont know if the crobyster can win, but they all said trump was going to lose too.
Its never over till its over.

How does this work. Does it limit capital gains because barely any porkies make their money with a salary anyway

yeah working to save capitalism

Inshallah brother. Nothing is impossible for Ar-Rahim.

SNP, Greens and other left-socdems and demsocs need to get behind Corbyn and not let this go by without batting an eye.

How so? Let's say they choose to set a limit based on a ratio between CEO and entry-level full time position in the company. You wouldn't even have to go all the way right at the start. Currently CEOs in the UK make about 100x their average employee. This is the biggest firms btw, your FTSE companies and the likes. While implementation may be complex there is no reason that this ratio can't be legally set to say 50x their entry level employee. If said CEO wants more for himself he can still do so but he must increase the wages throughout his company. I can actually see such a system improving productivity and competition. The largest and most successful companies will still be able to attract the top earners, they'll just have to pay the rest of their workforce better.

It never ceases to amaze me that on a board called leftypol there's always somebody finds issue with radical steps (this, UBI), generally on the grounds that said ideas are not radical enough.

Take what victories you can or you'll end up depressed beyond medication.

It's not a panacea for all the issues of capitalism but it potentially is a step in the right direction.

I suppose all that extra money will go into the completely uncorrupt government.

Or is it going to be magically redistributed to white, english who can prove 10 generations in the country, and have an Autism Level of at least 120.

Or, spent on cargo ships to send 20 million filthy immigrants and any relations or spawn back where they came from, or just sunk into the artic ocean.

SNP are scum. You do not want them anywhere near anything. And I voted yes to independence.

Greens have already attacked Corbyn over this proposal thus showing their true colours.

Even his own party seems cagey about supporting this idea.

But the public. They'll love it. Ignore the media presentation. We already are. Remember how Remain was sure to win? Trump sure to lose. Right up til the votes were in the media stuck to their guns. They'll do the same here, denouncing him as unelectable as the public vote for him. Mark my words.

Take that stick out your ass Mr Blair.

So you're potentially prepared to put up with fullly privatised public services and Dickensian working conditions for half your life on the promise that eventually a glorious communist revolution will take place and make the 30 years of your life you spent in a neofeudal hell worth it?
Dumb Marxist.

Why?

Disingenious. Neo-liberals. They're like a more dishonst blair. Sturgeon wants to take Scotland straight back into the EU and wants to compte with England by undercutting them on tax.

There's likely no other way for Scotland to survive as an independent nation.
Best strategy is to try and tempt London's banking industry to move to Edinburgh rather than Frankfurt.

Why arent we splitting the world in two? Half the people on earth agree with leftypol and half agree with pol. Instead of these groups living seperate they are fighting over hundreds of countries.

We truly are a retardes fucking species.
Segregation or mass suicide is the only answer.

really, sauce?

Its not true that the greens have attacked the pay ratio proposal. What happened was that Lucas attacked Corbyn for "capitulating to the tories" re immigration, which was a point Corbyn made in the same speech I believe.

As a capitalist country, they cannot survive and prosper

£138,000 is a high salary, don't get me wrong - but some people take home A LOT more than that…

You could cap it at £500,000 or even more and still reduce some porkies' take-home by millions.

Comparing scotland to Ireland is pretty offensive since it way you lot who colonised ulster

I'm not Scottish. But I do support Scottish independence and the dissolution of the UK

Understandable really, who doesn't want to see Britain get destroyed?

Brit here who is somewhat sympathetic to Corbyn.

This was an idiotic move. Most people still consider anything left of neoliberalism to be communism. Corbyn himself hasn't helped the situation by admitting that he admires Marx. Episodes like this, therefore, will only confirm the image of him that the media have built up. He's playing into their hands.

But it is also simply not a popular policy. People are generally on board with tackling inequality but a wage cap is an offensive idea to most. It should also be noted that the main problem in this county is not income inequality, but wealth inequality. A increased tax (or similar policy) on assets would be more effective and more popular with the electorate.

Corbyn has also screwed himself with regards to immigration. He has made noises about managing it more effectively but he still maintains that it's not too high. He is losing the Northern vote rapidly. This is disastrous because his only other key constituencies are minorities and young liberals, and with just these, he doesn't have the numbers. The Labour Party is falling apart with the neoliberals seeking to wrest back control of party or form a new one. The Labour voting bloc has divided too - Brexit is showing this. The North, being mainly white working class, is increasingly moving towards UKIP, and those left in Labour are split between the Corbynites and the Blairites.

The reality is, Ed Miliband was Labour's last hope. Corbyn will certainly not be elected in 2020, and I say this with absolute confidence. The Left is in decline and disarray. In Britain at least, don't expect miracles.

why not a wage ratio?

well I live here so not me

This was true nine years ago, you must have missed the last decade.

I live in Britain and I pray for its destruction every day

I hope you just mean the state

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I don't know much about UK politics
A Brit I know who is hard Labour told me Corbyn isn't a real Labour politican
I said, you mean he's not a Blairite? And he said, no, not that, he's just not a labourite
Any britbongs want to clarify what this means?

Well Labour historically is a pretty conservative party in a lot of ways, so corbyn's positions on stuff like NATO and nukes is very much against that tradition, his radicalism is pretty alien to the traditional bureaucracies of Labour and the big unions.

Well my British friend calls himself a leftist, even though he's a social democrat at best, a liberal at worse.

I think he means that Corbyn is part of the left which has always been present, but sidelined and unwelcome (from the perspective of the leadership) in the Labour Party. Even under Attlee, the most socialistic PM Britain has ever had, Labour sent troops to Korea, Malaya and pursued NATO integration and nuclear weapons.

There are socialists within the Labour Party but it is not a socialist party.

I thought the Labour Party had socialist roots?

Their definition of socialism has always be very technocratic though

The Left is already dead. Corbyn is just some death spasm, soon we'll be back to the Blair-Schröder neoliberal status quo.

They did look at Benn (the dead one) but the people of britain don't see him helping us at all to the majority he seems a fool. This user has it right

We will be but right now due to Nigel Farage they wont be winning an election any time soon. I wonder how politics will change here over the next two elections.

somewhat, but it's always been bundled up with reformism and Fabianism

maybe if you retards didn't bungle the shit out of british leyland people would be taking tony benn more seriously

only the british could fuck up their own successful entryism

incorrect.

theguardian.com/politics/2017/jan/10/jeremy-corbyn-calls-for-maximum-wage-law

I also disagree with Lucas on the 'capitulation to tories' line. I'm getting tired of pro-immigration being treated as a litmus test for 'leftism'.

I think a ratio system is better than a flat cap tbh. If we're wanting to help the elite redistribute as much of their wealth as I'm sure they're dying to, a wealth tax and capital controls is way more effective. But one step at a time eh.

I think you're wrong. Gen Y may be host to some of the edgiest alt-right memesters but Libertarianism, at least in the UK, isn't a big thing. I think contempt for neo-liberalism is growing too, even if most people can't define it very well. Unless you're saying that 52% of the UK are racust and voted out purely out of fear of scary brown people?

Economic education is near non-existant over here. We're not taught the basics of economics, never mind the various theories. Just cause Brits don't speak much of socialism does not mean we oppose some of what could come out of a more equal system. Jezza could well be the voice we've been needing.