The economic logic of this proposal is very simple. Maximum pay should either be 10 times median pay in the UK or 20 times the anticipated minimum wage. The number happens to come out at about £250,000 in either case. it is very obvious to anyone that no one need earn more than this figure to live a very good life of more than adequate material sufficiency in the UK. Therefore, any distribution to a person over about this sum must be of profit, and not pay as far as the company making payment is concerned.
If you actually wanted to have a maximum pay level, you\’d just set income tax at 100% above it wouldn\’t you?
And, erm, where\’s the logical link between whatever the maximum pay \”should\” be and whether it\’s a payment of salary or a profit distribution?