Who Pays the Most Income Taxes and the Impact of the Trump Tax Cuts

[francoHFW]

You know those solid middle-class jobs that liberals always say they want for more people? Who do liberals think creates those kinds of jobs--you know, jobs with paid time off, sick leave, maternity leave, matching 401Ks, health insurance, dental plans, etc.? The majority of those jobs are found in big companies, companies owned and run by rich people, companies that make huge profits and that can afford to pay good salaries and benefits. Most of the rest of those jobs are found in successful middle-sized and small businesses, companies that are striving to get bigger and richer, and nearly all of the owners of those mid-sized and small businesses are in the top 25% of income earners, whom most liberals view as being among the "rich."

Brainwashed right-wing idiocy. They do a very poor job. Trickle-down doesn't work. You have to tax the rich more and give some benefits to the citizenry, you idiot. We are dying for cheap college and training and infrastructure spending.we have the world's greatest economy and now Trump is screwing it up with all his shenanigans & chaos. I wish he was a success but he is a disaster and always has been except on TV.

Of course trickle down works, what dosen't work is your asinine trickle up poverty scheme.

$15 Minimum Wages Sparks A Jobs Recession In NYC| Investor's Business Daily


$15 Minimum Wage Sparks A Jobs Recession In New York

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  2/20/2019

Economics 101: When Amazon pulled out of New York, the loss of 25,000 future jobs made headlines. What isn't making headlines are the thousands of jobs being destroyed right now thanks to the city's new $15 minimum wage.

Over the past four years, the minimum wage for New York City restaurants that employ more than 10 workers went from $10.50 an hour to $15. That's a whopping 43% increase. Next year, every restaurant, big and small, will have to pay their workers at least $15 an hour.

A big victory for workers, right? That's how it's depicted by the "Fight for $15" crowd. And, yes, if you held a full-time minimum-wage job over those years, your gross income would have gone up by $9,360.

But those massive wage hikes come at a painful cost that backers refuse to acknowledge. They kill jobs. Just like they're doing right now in New York City.

In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show.
By the end of last year, there were fewer restaurant workers in the city than in November 2016. Even though overall employment climbed by more than 163,000.

Job Losses Coming
There will be more job losses this year.

A New York City Hospitality Alliance survey found that 47% of full-service restaurants expect to cut jobs this year to cope with the latest wage hike. Last year, 36% said they'd eliminated jobs. The picture is worse at limited-service restaurants. The survey found half reported cutting jobs last year. And 53% say they'll do so this year.

The usual GOP spin... How many actual jobs are lost, that could be one in each restaurant....and how many more people could afford to go to a restaurant once in awhile? And when you pay people more their productivity goes up....