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).
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.
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.
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.
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.
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Date: 2014-05-26 01:33 pm (UTC)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).
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Date: 2014-05-26 04:52 pm (UTC)no subject
Date: 2014-05-26 05:16 pm (UTC)I mean, top-earners.
No. I mean boobs.
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Date: 2014-05-26 05:27 pm (UTC)If you want to tackle income inequality, you need to do it with things like capital gains taxes, dividend taxes, and estate taxes.
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Date: 2014-05-26 06:02 pm (UTC)(no subject)
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Date: 2014-05-26 06:55 pm (UTC)no subject
Date: 2014-05-26 07:02 pm (UTC)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.
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