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Joined 3 years ago
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Cake day: August 18th, 2023

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  • That’s a negative on pretty much all you’ve said. Companies will keep growing. More people at the companies will max out at how much you can earn. No one will want to give all extra money to just paying taxes. Instead they’ll take that extra money and it will get dumped back into the company. More buildings, expansion, more employees, higher pay and benefits, r&d, etc. they’ll spend the extra money. You’re talking as if someone who was making $5,000,000 a year would just be like “meh. Not worth doing this”

    This was actually fairly close to how things where in the 1950’s when the US had everything going it’s way (if you were white, anyhow). Tax rates on the wealthy where over 90% at one point for over $250,000. Back when you could work at a grocery store and own a home and a car and not worry about drowning in medical debt.



  • My hot take: Greedy rich companies and millionaires and billionaires will always try to take as much as possible from the consumer. Raising the minimum wage effects people that were making the minimum wage, and is less and less beneficial to those that were making more than minimum wage. If minimum wage jumped up by $5 to go from $7.25 to $12.25, anyone who was already making $12.25 isn’t likely to get a raise to $17.25.

    But because all these people are making more, the wealthy will up pricing of food and housing and utilities in order to keep making even more. This means inflation also rises faster. So while it helps things in the short term, it does nothing to help people in the long term, and it also hurts people closer to or already retired because the inflation will make their fixed incomes worth less.

    So raising the minimum wage alone is a shit idea that only puts a short term bandage on things and the rising inflation means you’ll constantly be “behind the eight-ball” and playing catch-up to keep trying to raise it as inflation keeps rising because the rich keep getting richer.

    The real fix needs to be lowering the top. Not raising the bottom. Tax the shit out of the wealthy with higher taxes as money made grows. Close the tax loopholes that let them hoard wealth. Make it so that so much of their money beyond like $5,000,000 in cash or assets increasing in value a year would be pointless to try and make because it would all just go to taxes. This will cut the legs out from under the wealthy and stop the needless ripping off of everyone else. If they can’t hoard money and increase their monetary value infinitely then the money will start going to the places it should. The inflation would stop, and upping the minimum wage could actually keep things livable.





  • No it doesn’t. Something like roofing can’t be a minimum wage job, no matter what the minimum wage is. It’s a much harder job than something like a target stocker. So it would still just mean all roofing jobs would go to Mexican lobor, or your forced to work at minimum wage doing a hard job like roofing, or trying to find a job that’s less abusive to your body for the same amount of money, but there’s only so many of those jobs to go around.

    Wage earnings stuff is an independent issue from foreign labor. if you want to fix wage issues minimum wage increases is a futile effort that will only cause inflation and devalue anyone’s savings or retirement. If you want to fix the minimum wage issue you’re trying to fix it from the wrong end. You need to create a maximum wage. Tax wealth, tax the loopholes used to avoid paying tax on that wealth, and tax a higher and higher rate the more you earn. if the top earners were prevented from exponentially increasing their wealth their wouldn’t be a need to constantly try to increase the minimum wage with futile results. Right now the more most people make just turns into the more companies will charge to increase profits and earn even more wealth. if the rich were prevented from gaining more wealth after a certain point, the wealth would spread out to competition and pay and benefits. Imagine if all these board members and ceo’s and billionaires couldn’t earn more than a couple million dollars a year before paying everything else into taxes instead of making a hundred million a year.


  • I used to work blue collar. I’m cool with immigrants coming here to work, but there’s no denying that it caused lower wages for people that are drywallers, roofers, framers, and such. Especially prevalent with roofing. A company using citizens that need to provide for their families in the US couldn’t compete against a company with 10 Mexican guys that all live in a couple apartments and send their extra money down to their families in Mexico where the money goes so much further. They’re just able and willing to work for so much less that it chokes out people with their families in this country.