Define “living wages”. Otherwise, when unemployment is low like at 3.5 percent we had under Trump, employers compete for employees and wages, benefits, and incentives increase. The idea of penalizing high income earners is only going to motivate them not to go over $10M annually. Further, how many people are make more than $10M per year and is that enough to make a dent in the deficit in the absence of cutting spending? All companies are taxed. If they are qualifying for tax incentives and credits and are paying at or near $0.00 annually, then they must be make some contributions to the US economy. But, hey, tax them further and watch more companies fold up shop and set up overseas.