What Happens When You Tax Billionaires At 90%

[TruthNotBS]

You keep ignoring the fact that illegals aren't working in major brand retail stores. You're conflating two separate issues, at least as far as retail-service jobs are concerned, and illegals.

OMG! You're so clueless.

If we deport 10 million illegal alien workers, their former employers will have to raise wages
to fill those 10 million positions. Some Walmart (and Target and Starbucks and every other business's) workers will see those higher wages and leave Walmart and those other jobs to take a new, better paying job.

Now Walmart, and those others, are short employees. They'll have to raise wages to fill
those slots.

On the other side of the equation, the landlords who rented to those illegal aliens will have empty apartments and homes that they need to rent to new tenants. They'll have to reduce rents in order to attract these tenants.

Only someone who has no clue about supply and demand could fail to understand this.

Those illegals are working in agriculture and for small contractors. I doubt the cashier at Walmart or those who work in retail are going to run to the farms to pick produce. American workers getting paid a living wage shouldn't be contingent upon deporting illegals, it should just be a requirement for hiring employees. When salaries were left to the market, as you propose, most Americans were dirt poor.

 

[Toddsterpatriot]

Those illegals are working in agriculture and for small contractors. I doubt the cashier at Walmart or those who work in retail are going to run to the farms to pick produce. American workers getting paid a living wage should be contingent upon deporting illegals, it should just be a requirement for hiring employees. When salaries were left to the market, as you propose, most Americans were dirt poor, living in horrible conditions.

Digital History

Why the Roaring Twenties Left Many Americans Poorer | HISTORY

For some, the Great Depression began in the 1920s.

www.history.com

We've already tried the "invisible hand" method and it doesn't work.

Those illegals are working in agriculture and for small contractors.

And at Wendy's and in roofing and in lots of other places where their absence will hike wages.

When salaries were left to the market, as you propose, most Americans were dirt poor, living in horrible conditions.

Salaries aren't left to the market today?

We've already tried the "invisible hand" method and it doesn't work.

Works better than the Soviet jackboot

 

[TruthNotBS]

Those illegals are working in agriculture and for small contractors.

And at Wendy's and in roofing and in lots of other places where their absence will hike wages.

When salaries were left to the market, as you propose, most Americans were dirt poor, living in horrible conditions.

Salaries aren't left to the market today?

We've already tried the "invisible hand" method and it doesn't work.

Works better than the Soviet jackboot

We have a minimum wage today and that should be raised. Having adequate government regulation doesn't equate the Soviet Union. That's a false equivalency.

 

[Toddsterpatriot]

We have a minimum wage today and that should be raised. Having adequate government regulation doesn't equate the Soviet Union. That's a false equivalency.

Without the minimum wage, we'd have more dirt poor workers?

I didn't say "adequate regulations" would make us the Soviet Union.
Did complete government control of the economy make the Soviet Union a success?
Why not? No mean capitalists to underpay their workers.
It must have been a worker's paradise.
Like Cuba, but with snow.

 

[TruthNotBS]

Without the minimum wage, we'd have more dirt poor workers?

I didn't say "adequate regulations" would make us the Soviet Union.
Did complete government control of the economy make the Soviet Union a success?
Why not? No mean capitalists to underpay their workers.
It must have been a worker's paradise.
Like Cuba, but with snow.

That's a straw man argument because I never suggested that the US should now, at this moment, adopt a non-profit, centrally planned economy. That's only possible when advanced automation and artificial intelligence necessitate the shift from for-profit production to non-profit. We're not there yet.

You're going off on an irrelevant spastic tangent about the Soviets and Cuba.

 

[Tom Paine 1949]

A word on the one-sided analysis of Toddsterpatriot ‘s “economic” comments. First of all, not everything he says is wrong. But while some employers may be forced to raise wages in a few industries to attract small numbers of U.S. born citizens to take jobs of present undocumented immigrant workers, there are other terrible results that would follow from “deporting 10 million illegals.” Most obviously, Toddsterpatriot does not mention that there would also be resulting higher prices!

We already are — at present — dealing with serious inflation and worker shortages. As labor costs go up, especially for agricultural products picked and packaged here, not only will prices paid for these commodities have to rise, but foreign competition will export more foreign equivalents to the U.S. and foreign producers will take overseas markets away from U.S. exporters. Many service industries, like senior care and the hospitality industry, will also have big problems. Quite likely many small farms and businesses will close. Yes, that is another side of an “economic” analysis.

Of course, rather than simply try to adopt police measures to “deport 10 million illegals” for whom ready replacements are not available — [shall we open our prisons and have more chain gang labor work for private agribusiness?] — there is a much more humane and economically effective measure: pass legislation to provide a road to citizenship for workers and their families living here productively for many years, while weeding out criminal elements and imposing stricter measures to prevent employment of illegal workers not in amnesty programs. Of course Republicans (since Reagan) have turned against all new “amnesty” legislation — a word nowadays considered “taboo.”

Born in the U.S. citizens are not even able to reproduce themselves, so to hold our population level or grow it at all, and to remain competitive economically, we need immigration, which brings not only hard-working manual workers, but hard-working entrepreneurs and small business people and many highly educated technical and scientific workers, doctors and nurses, etc.

Of course having a whole class of millions of undocumented workers and their families is intolerable. It is a set-up for them to be exploitated, and over time it also leads naturally to the growth of an immigrant criminal underclass, drug dealing, addiction and crime — which spoiled or lazy or naive ordinary Americans easily fall victim to as well.

The question of how to resolve our historically deep-rooted illegal immigration problem is in fact not directly but only very indirectly related to the larger evolution of our economy and tax system that allowed for the growth of new billionaire and multi-billionaire elites with immense political power. Almost all of our billionaires escape paying taxes on their (combined) taxable & non-taxable income at rates even janitors and secretaries in their offices pay. Many billionaires have utilized write offs and loopholes to pay no taxes at all even on their supposedly “taxable” income.

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.

www.propublica.org

 

[Captain Caveman]

Why is it always between billionaires pay far less tax than the middle class or taxing them all they own?

Why not have billionaires pay the same rate that the middle class pays? I have paid between 25% and 33% for most of my adult life. Why not have them pay that?

This is how Musk is paid, so which part do you want him to pay in tax and how?