American Wages, the Minimum Wage and Income Brackets

Forget the ussr...let’s talk about the tax rates under other presidents.
The reality is that trumps tax cuts helped the richest Americans. How many more times do we have to show that trickle down economics does not work. There is nothing bad about the rich paying more in taxes. The disparity between the top worker and the bottom worker has grown so drastically. That is not a good thing. I remember when we were paying more than 50% in taxes and I complained to my husband who pointed out that it doesn’t affect our lifestyle one bit and he was right. But it did help the country

 

People start at the minimum wage and it goes up so you are right very few stay at the minimum wage but it goes to about $9.00 an hour.Could you live on that? My state has $12.25 an hour and it’s going to $15.My 17-year-old granddaughter is making $12.50 as a hostess in an upscale restaurant.
I just don’t understand how people can’ fight against raising the minimum wage while be complacent about the super rich who could easily afford to pay the workers more.They don’t realize they are fighting against their own self interest. These of the same people that are fighting against welfare and public assistance and don’t realize that if the workers are paid more they wouldn’t need public assistance which comes out of your tax dollars

 

This is all I can agree with in your comment? If you wish to ignore Income Disparity and what it does to foster crime, then you are ignorant of the fact that more than 60% of incarcerated criminals do not even have a high-school degree!

You are wrong again because you do not understand the meaning of the word "disparity". It means quite simply "a great difference". Which is what we have in America, as shown here:


Now if you cannot read charts and derive a conclusion from them, then Most Certainly, you should not be debating in an economics forum ...

Or, putting it another way:

Meaning, from the above, that around the top 0.1% super-rich in America have a total Wealth share (which is Income net of taxation) that is equal that of 90% of the population.

And you say that Wealth has nothing to do with Income Disparity. The very nature of the statistics above show that it does! Do you see that cross over in the 1930s when the Great Recession stopped dead the rise of the 01.% share. Do you see that in 1980, when Reckless Ronnie was PotUS, the turnaround in that share as it crept up again? It was due to his drastic reductions in Upper-Income Taxation* - that the Democrats should never have allowed to happen!

And it should not take a degree in economics to understand that point - though in your case it would likely help a lot ...

*Which you can see in this infographic here of the history of Income Tax rates in America.

 

should the Poorest have any basis to care how the Richest make their money, with recourse to an income of last resort that clears simple poverty in our First World Republic?

 

Those earning $15/hour don't pay much, if any, in federal taxes.

Additional spending creates inflation...

 

All meaningless to me! There are sound reasons why one person earns $7.25/hour and another person earns $72.50/hour and none of them have to do with anything you have provided. There are sound reasons why some people accumulate wealth and other do not and nothing you say in your comments will change this. And I NEVER said wealth has nothing to do with income disparity...I said wealth has nothing to do with hourly wages. Lastly, very little of anything regarding wealth and income have to do with politics yet you harp about politics?

 

you can't stop inflation; it happens. wages merely need to beat inflation.

go ahead and automate.

 

Why cant you answer?
I know the answer,.....
Gimme gimme gimme somebody else's money

 

not patriotic enough to understand the answer, right winger?

 

Got your hand out, as usual?

 

why should i take You seriously if you have no valid argument, just right wing bigotry.

 

returns to scale are what we are looking for with automation.

 

Yeah, you want other peoples money and they're bigots. Predictable.

Why are you ashamed to admit you want a tax based system to fund healthcare?

 

just one method.

solving for simple poverty and raising the minimum wage means increasing market participation for Persons.

 

The question was healthcare and whether or not you are willing to pay the same rate as those who make more than you. Are you?

 

the health care sector is a market.

 

Your policy is your policy.
Why do you want to pay less than people making more than you?

 

I am not sure what you mean. Solving for simple poverty means full employment of capital resources in our markets. That engenders a positive multiplier effect; and inflation is incidental due to market corrections.

 

in our case, all potential market participants have recourse to an income of last resort; markets should be able to freely fluctuate within the "goalpost fixed by the socialism of Government".

 

You don't know how you want to fund a single payer system, and don't know if you want to pay the same as the guy who makes 10x as much as you?

 

WTF does this even mean?
You want free stuff?

 

i am a federalist and am not actually advocating a single payer system.

 

more full employment of capital resources in our market based economy where fundamentals matter.

 

Yeah I know, you have lots of ideas on what to do with other people's capital

 

full employment of resources in our capital based markets can only promote the general welfare.