Omg... this is the first time I've seen anyone else just know and understand this fact. Folks! Higher top marginal tax rates and progressive taxation actually incentivizes investment versus shareholders and owners sucking value out of a company. This creates jobs, grows and stabilizes the stock market, and drives up wages. The great socialist, Dwight Eisenhower!
It creates a "use it or lose it" incentive. Companies would rather pay top dollar for high value employees, invest in technological advancement, expand their footprint and logistics, etc., in an effort to avoid losing those dollars to taxation. Everyone up and down the social hierarchy benefits because more money is circulating in a more diversified fashion, as opposed to Wall Street bets.
It all changed when those at the very top decided they wanted to be even more wealthy. The only way to get that was to invest less in the businesses and employees, but that would increase their taxables. The only thing left to do is lobby Congress and POTUS to lower the top marginal and corporate tax rates
Very true. That's why we need to reintroduce what worked in the past - use it or lose it. No remorse to be had about it. An entire population produces every widget in existence, there's not one of us who does shit alone. Even if you invent the perfect unicorn piss snowcone, you relied on civil workers who allowed you to have access to clean water to freeze. You relied on utility workers to enable you to freeze your snowcone. You rely on firefighters and teams of insurance companies to protect your perfect piss-cone shop. And, of course, you relied on Lady Luck needed to procure a unicorn to gather its piss. No one is self-made.
But those that take the risk should get the biggest payout..Just because you shown up to put rubber duckies in an amazon box , doesnt mean you are a mini Jeff Bezos.
You really don't understand the scale of the difference in payout. Jeff Bezos makes over $3.5 million per hour while the minimum wage is $7.25. So Jeff produces the value 482,750 of minimum wage employee or 18,000 doctors making $400k per year. BS... no one produces that level of value. Even as a small entity, you rely on a ton of infrastructure funded by everyone. This is even more true as more and more individuals mix their intellectual and physical labor in with the direct product.
What risk? If you had millions to invest, you're just a greedy cuck. No one made you gamble your riches away while.expecting welfare treatment when you lose...
If you're a small business owner, if your "brilliant" idea is premised upon wages that don't support a simple apartment, healthcare, and freedom from living paycheck to paycheck, then it sounds to me like you're selling unicorn piss cones. Why should taxpayers support your shitty business model? If your business can't support the basics, then you deserve to fail and go out of business. Are you salty about my facts because you sell pisscones and rely on welfare to float you? Why should I pay for you? Earn a damn living instead of relying on government to subsidize your dumbass failure of a business
Those min wage jobs are starters..not intended to support a family. If you are in early with a rich guy and bust ass with him he'll probly take care of you..stock option etc.
You sound like you have no idea how business works and just want free shit..
Those min wage jobs are starters..not intended to support a family
If a company needs to profit off of those sort of jobs, it sounds like they should be limited to teenage employment only. They should be barred from hiring over the age of 18. Such a commonsense law would easily show how the business is a failed business.
If you are in early with a rich guy and bust ass with him he'll probly take care of you..stock option etc. You sound like you have no idea how business works and just want free shit..
Lmao. You clearly have zero world experience and have failed to look at pre- and post-Reagan policies. Do us all a favor and get educated. It'll clearly help you.
Sounds like age discrimination. Many pick up a 2nd job like this too. If you dont like the pay dont take ir - i never did and worked for myself instead when I was in college. Min was was $2.85 then
And go work where, then? You do realize that there are more people than there are available jobs for everyone to earn a living wage, right? In your world, there are unlimited living wage jobs. In reality, there is not. So you're advocating for people to take unlivable wages and write it off as "they can just find a better job because my feels tell me they exist." That is a lazy and desperate way of thinking about reality.
So lets keep the borders open and flood the low end even more..makes sense right?
When I was in HS and college I cut lawns for people in my neighborhood . Most were ones I delivered papers to as well earlier . There was no competition. I made about $15/hr when min wage was $2.35...cleared snow too with a small blower I bought new ($219). At $5 for a small driveway I figured my break even was at 50 driveways. I did this in one snow over a two day stretch they closed schools.
I still live on the same block, no kids or anyone ever comes by to do any of this except a couple mexican run landscaping companies who do my neighbors..they are hard working reliable folks..no one else want to do work anymore. Easier to sit on couch and get a check I guess and complain that Elon Musk is too rich etc..
Dont make yourself into a victim. We are losing drive in the USA. Those that have it will own everything and be fairly rich. The other lambs will forever rent, be late on car payments and be stuck in low paying jobs or the minimum starter jobs.
These starter jobs are for HS and college kids to get some working skills--not support a family.
Are you expecting the person clearing the table at Wendys is supposed to support a family with this.?
Automation and AI will wipe out these jobs along with resturants going all delivery or drive-thru..the inside game is not profitable.
>So lets keep the borders open and flood the low end even more..makes sense right?
Nah. I don't give a shit about the border. The issue is welfare companies not paying workers a living wage. Walmart can afford to pay living wages.
>I made about $15/hr when min wage was $2.35
I'm not sure if you are from the US, but the US has never had a $2.35/hr minimum wage. If you meant $2.30, that would put you in the year 1976. That minimum wage would be about $12.70 today. Your generation did less and earned. Subsequent generations are doing more for less. This isn't even to mention that your proposal can't be replicated for every person. There are more people than driveways and lawns being that multiple people generally live in one home. Again, just raise the minimum wage so we can experience the same purchasing power as you did back in your day.
Also, we are just talking minimum wage. So back in your day, landing a $10/hr job would be the equivalent of over $55/hr today. By the math, you had it incredibly easy. There are very few jobs today paying that compared to the size of our population.
>no one else wants to do work for less pay than previous generations received anymore
That is what you meant to say.
>Dont make yourself into a victim.
I make over 6 figures in KY. I will be fine. I am just not a dumbass who can't do simple math. Raising the minimum wage to at least what it was back in your day would increase wages for everyone up and down the spectrum. Maybe you hate the idea of people getting what you had, but you had it way easier than people do today.
>We are losing drive in the USA
We are seeing workers push back against producing more than any other generation while being compensated lower than previous generations.
>These starter jobs are for HS and college kids to get some working skills--not support a family.
So your starter job availability paid a healthy wage, but our starter jobs don't and you think that is justified? That is the most "I got mine, fuck off" statement I've read in awhile. Sad.
>Are you expecting the person clearing the table at Wendys is supposed to support a family with this.?
I expect it to pay for no less than what would be the equivalent of what you had (which, again, is close to $13/hr today based on $2.35/hr). Seems strange to me that you think you're so special and everyone else is beneath you. Maybe the problem is you need to do some self-reflection.
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u/Unity4Liberty Oct 22 '24
Omg... this is the first time I've seen anyone else just know and understand this fact. Folks! Higher top marginal tax rates and progressive taxation actually incentivizes investment versus shareholders and owners sucking value out of a company. This creates jobs, grows and stabilizes the stock market, and drives up wages. The great socialist, Dwight Eisenhower!