DeSantis signs Tort Reform Bill into Law that greatly changes FL civil lawsuit system (user search)
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  DeSantis signs Tort Reform Bill into Law that greatly changes FL civil lawsuit system (search mode)
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Author Topic: DeSantis signs Tort Reform Bill into Law that greatly changes FL civil lawsuit system  (Read 951 times)
Ferguson97
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« on: March 27, 2023, 12:26:21 PM »

The real solution is to impose a maximum wage on lawyers. As a lawyer I would happily support a maximum wage. Most lawyers are sickenly money-crazed.

I think the opposite would be a more effective reform - make their base salary so absurdly high that there's basically no incentive for them to take on frivolous lawsuits.
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Ferguson97
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« Reply #1 on: March 27, 2023, 06:18:10 PM »

The real solution is to impose a maximum wage on lawyers. As a lawyer I would happily support a maximum wage. Most lawyers are sickenly money-crazed.

I think the opposite would be a more effective reform - make their base salary so absurdly high that there's basically no incentive for them to take on frivolous lawsuits.
What kind of threshold do you think would be suitable for this approach?

Probably $1,000,000? I dunno, I think you could probably have an economist actually crunch the numbers on it to find out what the optimal salary would be.
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Ferguson97
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Posts: 28,116
United States


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« Reply #2 on: March 27, 2023, 08:17:38 PM »

The real solution is to impose a maximum wage on lawyers. As a lawyer I would happily support a maximum wage. Most lawyers are sickenly money-crazed.

I think the opposite would be a more effective reform - make their base salary so absurdly high that there's basically no incentive for them to take on frivolous lawsuits.
What kind of threshold do you think would be suitable for this approach?

Probably $1,000,000? I dunno, I think you could probably have an economist actually crunch the numbers on it to find out what the optimal salary would be.
If a base salary of a lawyer is a million dollars, then they would be in the top 1% of households.

Yes, they would.

We should pay members of Congress $1M salaries for the same reason. Pay them enough that it becomes absolutely pointless to try and bribe them.
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Ferguson97
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United States


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« Reply #3 on: March 29, 2023, 03:25:25 PM »

Right, because as we know, once humans reach a certain level of wealth they just stop wanting more.

You're right, that's why a millionaire is just as likely to commit an armed robbery as someone living in poverty.
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