hey democrats ! are yall ready for 5 dollar a gallon gasoline ?

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

 

[deanrd]

are democrats going to be happy paying 5 bucks a gallon at the pump ? i mean the guy they voted for said he's going to crack down on the fossil fuel industry ! https://www.washingtonpost.com/poli...n-draws-gop-attacks-with-call-transition-oil/

I'm not sure why so many Republicans are terrified of what Democrats MIGHT do.
Biden led Obama's economy recovery task force.
The auto industry was saved when Republicans said "let it go bankrupt". Remember that? I remember that.
Banks that borrowed money had to pay back every cent with interest.......which they did. America made money off the banks instead of the other way around.
The longest period in economic growth. Gone.
Trump will be the first president in nearly a century who left office with fewer jobs that when he entered office.

When you look at what the GOP did under Reagan, Bush and Trump, it's Democrats who are scared. Some Republicans understood what Trump and the GOP was doing.........again, And it was Republicans who put Biden over the top.

Republicans biggest accomplishments were the Bush three trillion in tax cuts mostly going to millionaires and Trump's two trillion in tax cuts mostly going to billionaires. How is it possible that Amazon can make billions in profit and not pay a cent in federal taxes?

You can have your own opinions, but you can't have your own facts.

Amazon pays no federal income tax for 2018, despite soaring profits, report says

Amazon's profits nearly doubled in 2018, but it paid no federal income tax, the Institute on Taxation and Economic Policy says.

www.usatoday.com

 

[deanrd]

In fact, remember Solyndra?

A program that was started in 2005 under George Bush that Obama inherited. How the GOP has tried to crucify Obama over Bush's failed program.

Well guess what? Democrats took the failed program and turned it into a money maker.

That's what scares Republicans. Democrats keep fixing their mess and the American people haven't figured that out yet.

But they will.

Eventually., they will figure it out.

Solyndra who? The Energy Department's loan program is now profitable.

The DoE loan program became a lightning rod during the 2012 presidential election for backing solar company Solyndra, which later went bankrupt. A few years later, it's in the black.

www.csmonitor.com

 

[danielpalos]

I been paying close to $6 for over a decade. How much is your health insurance ?

With equal protection of the laws for unemployment compensation, more healthcare insurers would have more incentive to create market share from the unemployed.

"equal protection of the laws for unemployment compensation"?

What the hell does that mean?

It means he wants to get paid unemployment benefits without ever working....with no limit.

Raise minimum wage until the Poor want to work. You have to believe Capitalism must solve all problems not Big Government.

 

[danielpalos]

I been paying close to $6 for over a decade. How much is your health insurance ?

With equal protection of the laws for unemployment compensation, more healthcare insurers would have more incentive to create market share from the unemployed.

"equal protection of the laws for unemployment compensation"?

What the hell does that mean?

It means he wants to get paid unemployment benefits without ever working....with no limit.

Oh yeah, no end to unemployment, with no requirement to look for work and you can even quit your job and get paid.

Individual Liberty and natural rights, what concept.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

Only the right wing complains about raising the minimum wage so even the Poor can pay their share of taxes and at the same time, complain the Poor don't pay their share of taxes.

By your reckoning, the employee will pay more taxes and the gov't will get more tax revenue. What about the employer? They pay twice as much per employee. So their payroll essentially doubles. What happens to their profit margins?

They get to expense the cost of labor and have a good excuse for a tax break.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

Only the right wing complains about raising the minimum wage so even the Poor can pay their share of taxes and at the same time, complain the Poor don't pay their share of taxes.

By your reckoning, the employee will pay more taxes and the gov't will get more tax revenue. What about the employer? They pay twice as much per employee. So their payroll essentially doubles. What happens to their profit margins?

Daniel, I see that you disagree with my post. What part? It seems perfectly right to me.

 

[yidnar]

are democrats going to be happy paying 5 bucks a gallon at the pump ? i mean the guy they voted for said he's going to crack down on the fossil fuel industry ! https://www.washingtonpost.com/poli...n-draws-gop-attacks-with-call-transition-oil/

Getting rid of Trump was worth any price.

Well if you don't have a job to drive to who cares what the price of gas is right lefty??

The left is for infrastructure upgrades and why we need a working majority in Congress.

like the trillion dollar shovel ready stimulus that Obama implemented ??

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

UC was designed to help working people get through a temporary time of unemployment. And they pay while you search for another job.

What is wrong with welfare and other social programs to solve simple poverty? They are designed to make sure everyone can live and eat, regardless of employment. That is what they are designed to do.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

 

[danielpalos]

are democrats going to be happy paying 5 bucks a gallon at the pump ? i mean the guy they voted for said he's going to crack down on the fossil fuel industry ! https://www.washingtonpost.com/poli...n-draws-gop-attacks-with-call-transition-oil/

Getting rid of Trump was worth any price.

Well if you don't have a job to drive to who cares what the price of gas is right lefty??

The left is for infrastructure upgrades and why we need a working majority in Congress.

like the trillion dollar shovel ready stimulus that Obama implemented ??

No. In this case the legal and physical infrastructure already exists and is underutilized.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

UC was designed to help working people get through a temporary time of unemployment. And they pay while you search for another job.

What is wrong with welfare and other social programs to solve simple poverty? They are designed to make sure everyone can live and eat, regardless of employment. That is what they are designed to do.

This is a more cost effective solution and can help automatically stabilize our economy and our tax burden.

 

[WinterBorn]

are democrats going to be happy paying 5 bucks a gallon at the pump ? i mean the guy they voted for said he's going to crack down on the fossil fuel industry ! https://www.washingtonpost.com/poli...n-draws-gop-attacks-with-call-transition-oil/

Getting rid of Trump was worth any price.

Well if you don't have a job to drive to who cares what the price of gas is right lefty??

The left is for infrastructure upgrades and why we need a working majority in Congress.

like the trillion dollar shovel ready stimulus that Obama implemented ??

No. In this case the legal and physical infrastructure already exists and is underutilized.

Yes, the infrastructure does exist. But not in the form of UC. It exists in the form of welfare and other social programs. Welfare is far more efficient than UC.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

UC was designed to help working people get through a temporary time of unemployment. And they pay while you search for another job.

What is wrong with welfare and other social programs to solve simple poverty? They are designed to make sure everyone can live and eat, regardless of employment. That is what they are designed to do.

This is a more cost effective solution and can help automatically stabilize our economy and our tax burden.

The welfare system is far more efficient. The ONLY recent UC is more cost effective is that part of the burden is borne by the employer. That cannot be anything but temporary.

 

[danielpalos]

are democrats going to be happy paying 5 bucks a gallon at the pump ? i mean the guy they voted for said he's going to crack down on the fossil fuel industry ! https://www.washingtonpost.com/poli...n-draws-gop-attacks-with-call-transition-oil/

Getting rid of Trump was worth any price.

Well if you don't have a job to drive to who cares what the price of gas is right lefty??

The left is for infrastructure upgrades and why we need a working majority in Congress.

like the trillion dollar shovel ready stimulus that Obama implemented ??

No. In this case the legal and physical infrastructure already exists and is underutilized.

Yes, the infrastructure does exist. But not in the form of UC. It exists in the form of welfare and other social programs. Welfare is far more efficient than UC.

How long have a we had our alleged War on Poverty? Using UC to solve that form of simple poverty is much more effective and helps automatically stabilize our economy in the process.

 

[Mr Natural]

5 bucks a gallon?

Good!

Maybe it’ll keep some of these assholes off the road.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.