(no subject)

[angelcerv25.livejournal.com]

Comments

[hardblue.livejournal.com]

Yet, we have people who believe that this is just
reflecting our true value, or that those at the top
are still being undervalued, while those at the bottom
are being over-valued (that pesky minimum-wage law).

[thedabara-cds.livejournal.com]

I laughed at the last one, but these are all too true to be funny. Definitely copying the first & third cartoons to use when my nutty sis-in-law sends me another lying right-wing "the sky is falling" email masquerading as facts.

[enders-shadow.livejournal.com]

mmmmm, boobs.

I mean, top-earners.

No. I mean boobs.

[ice-hesitant.livejournal.com]

I don't think increasing the minimum wage will have any significant effect on income inequality. Minimum wage will continue to be a pittance even if you double it. Increasing the minimum wage is worthwhile, but it's worthwhile because of its direct effects.

If you want to tackle income inequality, you need to do it with things like capital gains taxes, dividend taxes, and estate taxes.

[enders-shadow.livejournal.com]

MW is no silver bullet, but that's like saying if you want to build a house, you need plumbing and pipes and mortar. This is all true, but in no way diminishes the need for bricks.

To repeat the great compression, we need to do all of those things. The MW is most directly going to bring up the bottom rung to a less dire position. Then we can tax the upper rung to further support the well being of the bottom rung.

[angelcerv25.livejournal.com]

And bring back Glass-Steagall.

[tigron-x.livejournal.com]

Until the fiat monetary monopoly is dealt with, good luck with all these attempts to turn private funds into public funds in order to socialize the markets and championing that as equality.

[telemann.livejournal.com]

Thanks!

[yes-justice.livejournal.com]

[telemann.livejournal.com]

[peristaltor.livejournal.com]

I gotta agree on the minimum wage thing. We need a natural minimum wage. Of course, to do so we have to find the maximum tax that the wealthy are willing to endure.

We first have to increase all the top earner wages we removed in the last 40 years, including the big loophole that allows people to convert earnings into capital gains income. Then, we have to mandate that these taxes on the wealthy will only increase yearly until the minimum natural wage paid increases to a living wage.

The situation will solve itself.

[oslo.livejournal.com]

I'm told by an expert on everything that if you increase the tax on capital gains, you'll just increase wealth concentration at the top, because the wealthy will have less reason to realize capital gains - and will, instead, just continue to accrue them. I guess?

[peristaltor.livejournal.com]

I actually laughed at that. I wonder how many people will invest in anything that must sit and do nothing lest it be taxed. Talk about an illiquid investment!

[oslo.livejournal.com]

I guess it's entirely conceivable that investment funds will, instead of investing, take jobs that pull salaries, should the income tax and capital gains tax be matched.

[rowsdowerisms.livejournal.com]

What exactly does Jeff think the wealthy do now?