this post was submitted on 02 Aug 2026
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Work Reform

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[–] lemonhead2@lemmy.world 57 points 1 day ago (3 children)

honestly just cap executive pay. nothing they can do then

[–] OwOarchist@pawb.social 12 points 1 day ago (2 children)

In fact, let's just screw the whole thing and seize the means of production...

[–] gandalf_der_13te@feddit.org 0 points 1 day ago* (last edited 1 day ago) (1 children)

"seize the means of production" as if that's an easy/good thing to do. then what, the employees own the company? and they get paid depending on company profitability? well, not every company turns a profit. what if the company has a bad year? will the employees go hungry? who says that it will turn a profit next year?

[–] Saurok@lemmy.ml 2 points 23 hours ago* (last edited 23 hours ago)

Then the employees decide what to do themselves in those situations. If it fails it fails, but they would be laid off or not be making money even if they didn't own the company because their boss wouldn't be able to pay them.

[–] jaybone@lemmy.zip 5 points 1 day ago (1 children)

Arent they often paid in stock?

[–] krashmo@lemmy.world 14 points 1 day ago (1 children)

Define pay such that it includes stocks, bonuses, rebates, real estate, food, clothing, transportation, or any other item that can be exchanged, borrowed against, or otherwise converted to cash money. When they find a loophole just close it.

The problem with this isn't the concept. It's getting politicians to implement it.

[–] jaybone@lemmy.zip 5 points 1 day ago (4 children)

It’s a pretty good loophole though. A stocks value is considered an unrealized gain when you receive it but don’t sell it. My company gives me stock, but I don’t sell it. If I had to pay taxes on that, I’d be fucked. Maybe they could create some kind of untaxed minimum based on some index. And possibly even brackets.

But of course there’s a reason they like it this way.

[–] krashmo@lemmy.world 9 points 1 day ago* (last edited 1 day ago)

Stocks are not a necessary piece of compensation for anyone. Besides, if you can borrow money from a bank using stocks as collateral then it is effectively a liquid asset that you absolutely should pay tax on. The simplest solution to that problem is to disallow stocks from being used as collateral.

Every loophole can be closed if we decide we want to. The ones that are still open were intentionally left open to benefit the rich.

[–] Fiery@lemmy.dbzer0.com 3 points 1 day ago

Except where I live you do actually have to pay taxes on stock you receive as a bonus, if you don't have the cash on hand, you just liquidate part of the stocks.

[–] Poppa_Mo@lemmy.world 3 points 1 day ago

I think if they handled it in such a way that you borrow against it in any fashion, what you borrow is taxed. Kind of stupid it isn't that way already, but here we are.

[–] ChristerMLB@piefed.social 2 points 1 day ago

Yep, this is one of the reasons we need a tax on wealth. If you're wealthy enough you can also just borrow against your stocks at very low interest rates.

[–] GenosseFlosse@feddit.org 2 points 1 day ago

Surely the us president will get right on it drafting an executive order!