It's a horrendously unequal distribution of the profits of Capitalism here in America.
PLUS you keep forgetting something that ignorant people like you that create this dissension and hatred of people that are successful.
A) $ 28.5 billion paid to these 165,200 people generated $6.2 billion in Federal taxes
B) Paid the state of New York at 6.65% on taxable income between $77,151 and $205,850,000 or $2.13 billion in state taxes
These evil wall street filthy executives PAID the State and Federal taxes of $8.3 billion.
These 1,007,000 workers at minimum wage paid NO taxes and at the same time received in Earned Income tax credit of $503 if they had no children.
or from $5.06 billion to $33.8 billion in EIC paid BACK to these workers If they had one qualifying child : $3,359
Federal government paid BACK to these 1,007,000 minimum wage from $5.06 billion to $33.8 billion plus the workers paid no taxes!
The REST of the story!!
Wall Street bonuses doubled income earned by all US minimum wage workers RT USA
I take it you are OK with raising minimum wage so a full time worker does not have to be subsidized by "we the People"
A brief aside I am not ignoroant if one uses the metric of having a graduate degree...second I do not hate successful people since I myself am secure economically... I loathe injustice and avarice without limits..
Senate Report: Tax Move Helped Hedge Funds Save Billions
A Hedge Fund Tax Dodge Uses Bermuda Reinsurers ...
BoA helped hedge fund clients dodge taxes, says report - Al ...
Sept. 11 (Bloomberg) -- The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge-fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda.
You and I have one thing in common... both do not like avarice... but MY better position is avarice controlled by the individual...not the state!
See I KNOW that the Golden Rule works and would work even better if it were taught constantly with as much expense and advertising as "global warming",
"gay rights"..etc. Think about it. If you and I and the rest of the world would do unto others as you and I would have others do unto us... there would be fewer needs for rules and regulations which are totally smothering any growth in this country.
So as far as avarice controls... it would be better without state interferences.
Consequently there would be NO minimum wage.
First the facts:
As Gruber said because of the "Stupidity of the American Voter" most uninformed voters that voted for Obama don't seem to know that:
In 1979 6,912,000 or 13.4% of all hourly workers worked at minimum wage or of the total hourly workers of 51,582,090
In 1989 3,162,000 or 50% LESS working at minimum wage of the 62,000,000 people working at hourly wage
In 2009 there were 3,572,000 people working at minimum wage of the total work force of 72,897,959 at hourly wage or 4.9%
Finally in 2013 there were 3,300,000 working at minimum or 4.3% of 76,744,186 that work at hourly or 4.3%
AND of the 3.3 million working at minimum wage:
Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared
with about 3 percent of workers age 25 and the remaining at age 16 to 24 years,1,797,000 at or below minimum wage.
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012
As a "graduate degreed" person you should then comprehend that the ONLY people that will really be hurt by $15.00 minimum wage are
those people age 16 - 24.
These people have little or no skills and get on the job training that helps get better jobs.
BUT by raising minimum wage you will be putting these people out of work thus increasing unemployment.
The youth unemployment rate was 14.3 percent in July 2014,
Employment and Unemployment Among Youth Summary