Sounds good except that pretty much every congressman, senator, and the president will fall in that 50-70% bracket, so that has a snowball's chance in hell of happening. We are ruled by millionaires. French Revolution time!
Will they? I guess I don't know what the average congress person makes on the side but their official salary is less than the top marginal rate. It's only the income over $500k-$1M that would see that rate.
Simply put . . . . Maximum wages should not increase at a rate far and away higher than minimum wages Rocket River
Just raising the minimum wage to match inflation puts the federal minimum wage at $8.40/hr. Essentially what you are talking about is when you go overboard with minimum wage too quickly. There's a reason why the minimum wage differs between states, $7.25 in Texas and $10.50 in CA. CA for example, intends to increase the minimum wage to $15 by 2022 which may or may not be a good idea. Inflation will eat about .50 -.75 cents out of that by 2022 over 5 years while CA should continue to grow economically. You're taking a very narrow position on the issue as all the "large" minimum wage hikes will occur over in multi year increments and won't be federal.
You do realize there is no such thing as a maximum wage? You do also realize you follow a bunch of guys making 10's of millions a dollar a year to throw around a basketball?
Raising the minimum wage is a win for everyone. People living on minimum wages don't really make enough to save and spend their whole paycheck. So giving all of those people more money is a huge boost for the economy. That may mean an increase in employment to keep up with an increase in demand, and would also support a wage increase for those making $5 or so above minimum wage which will also go almost exclusively back into the economy. At the other end, those at the top save a significant percentage of their pay increases and that money doesn't flow directly back into the economy. Raising the minimum wage becomes a huge stimulus.
What's more bot'ish, recognizing that the same reply made sense in two threads, or simply cutting and pasting them with no attempt to address what either post actually said. FWIW...answered the one thread, then was reading the other in a separate pane, and realized the same post applied there. So, yes, I copied it, and made a few modifications. What is wrong with that, actually? If someone is in one thread, why would I assume they'd read a reply in a completely different thread? If the same reply worked in both threads, why completely change it, apparently just to please you?
I don't know...is killing secretaries your thing? It sounds like a personal problem, then, and one the authorities should probably be made aware of.
Refute what, some anonymous shitbird spamming the internet with his very serious 4 sentences about minimum wage. Friend, that is irrefutable.
yes, actually. That is what happens in debate. At least it is when some other anonymous shitbird isn't busy throwing out irrelevant musings because they have nothing of any substance to contribute. Who is the shitbird in that scenario, hmmmm? Especially when you were directly asked what was wrong with posting the same RELEVANT comments in each thread, and completely failed to answer...making your protestations ring completely hollow....like a screech bird caught in pile of their own poo. FWIW...you've now brought it up TWICE, and still have nothing of any substance to contribute. And yet still have the gall to call out the other. It's pretty comical, please continue. I would love to see just how deep a hole you plan on digging for yourself. If you plan on winning a pissing match, though, you need to do a lot better...perhaps you should stop now. But, continuing with a troll like you is pointless, even though occasionally fun. So I think I'll let you go on screeching, and just silence the noise.
FB, there are many points to argue here but what about the people who lose their job due to the company not being bale to afford the "new" minimum wage and can no longer afford to stay in business.
So you are saying that it is okay for a company to be in business today if they can afford the current minimum wage but not if the minimum wage were raised(or doubled as some suppose). I that your opinion? Do you not care if a business fails?
Cml, think in these terms. Slave owners had enough compassion in them to make sure that their slaves were feed, sheltered and clothed. A modern minimum wage doesn't provide enough in many regions of this country for food, shelter and clothing especially if you have a child. So essentially modern employees who pay at minimum wage are proving less to their employees than slave owners did to their slaves.
Historically that hasn't happened. Most minimum wage jobs are from companies like McDonald's. For other companies perhaps the executives are willing to lower their profits or executive salaries. Again, though, historically that just doesn't happen.
fc, I am not sure if you are aware of this, It may come as a HUGE shock but that is no surprise given your ignorance but brace yourself for this, slavery ended a LONG time ago. OMG are you showing your ignorance if you think you can just raise the minimum wage without consequences.
I think my premise flew over your head. My premise has no contingency based on how old slavery is. Also, we have emperical data to suggest that rasing the minimum wage has no discernible effect on inflation. It's as if you think we don't have recorded data on these matters.
It depends on how it is done. If the increase comes gradually, they will be able to do it. Also, it depends on the company and how much they will benefit from the stimulus to the economy of the increased wages.
