So where should the appropriate maximum income be set? Paul Reynolds's obscene $5 million income is close to 200 times the minimum wage. My pick would be to set the maximum income at 10 times the minimum wage. This would mean a maximum income of $250,000. The easiest way to enforce this would be setting a 100 per cent income tax rate for the combined income from all sources (including share allocations, allowances etc) above this level.
Linking the maximum salary to the minimum wage would have the added advantage of providing an incentive for the highest paid to lobby for increases in the minimum wage, unlike the present situation where the corporate sector argue for the lowest minimum wage possible.
You can vote for the Mana Party next week, and John Minto is ranked number 4 on the list.