This is simply not true in any meaningful sense. Ir ealize you will trot out some chart showing "median household income" and it will demonstrate that you don't know what the **** you're talking about.
FLAAAAAAAT
Income inequality in the United States - Wikipedia, the free encyclopedia
You can start and run a business, and take home a decent salary from it; you however cannot freeload off of the infrastructure that made that happen. Pay yourself, 80k? super, keep most of it. pay yourself 100 million dollars? We're taking most of that. You arnt rumplestiltskin, sitting in a barn spinning straw into gold, you used the services we provided, you couldnt have accomplished what you have without them, we have bills to pay, pony up. Dont look at them, they're not rich yet, you were able to get rich because some other rich guy was getting taxed while you skated by and built yourself up.
Based on what? Your worthless assertion? You're really so stupid that you think people go out of their way to spend all of their extra money on food? the kids need braces, the cars making a weird sound, it sure would be nice to have life insurance etc, but no you regard Americans as having the mental capacity of a betta fish.
He is contributing, you sniveling pussbag, if he wernt needed the business would keep that $7.25 an hour, but seeing as you are too lazy to make your own burger, or perhaps to incompetent to make one that isnt terrible, you need him.
Go ahead and take the pepsi challenge, work for less than minimum wage if you think its so great, keep doing your fancy job, just discard your salary.
This top tax rate of 70% nonsense is pure nonsense. If it raised enormous sums of money, then tax receipts as a % of GDP would have been much higher than when rates were lower. They weren't. The trend line for tax receipts hovers around 18% of GDP.
Not really, it fluctuates pretty wildly,it was only with rosevelt that we started to see the govt attempt to wrangle revenues to a target around 18%, dont confuse this for some magical fluke that the universe harmonizes the gravitons to force an 18% rate.
Historical Source of Revenue as Share of GDP
but you know what? Ill entertain that, 18% is a good target, seeing as we are only taking ~16% of the gdp currently, we have AMPLE room to tax the rich.
I've seen some liberals around here throwing around that number, but in any case I was just using it as an example. So, $400 a week, doesn't that come out to about $12/hr after taxes and all? I take it you are advocating for an increase in the minimum wage law, and are apparently not convinced that an increase of that magnitude would have significant consequences for jobs lost and smaller companies going out of business. Current minimum wage is what, somewhere between $8 and $9 dollars/hr? So you're going to increase labor costs by somewhere between a third to a half more? For businesses that manage to stay open, that has to mean either fewer jobs or higher prices or both. Neither is optimal for economic growth.
Thats a 40% tax rate, why so high? oversight I imagine.
You dont seem to be coming from a business background, much of the labor costs are hidden from the employee; the administrative and regulatory compliance costs, the employers half of the wage tax is especially perverse as it is a tax on a cost, as opposed to on profit, it is also the biggest hit many small businesses take. I DO want small businesses to thrive, and that means making big business carry its weight, as well as forcing wages up so that small businesses have customers at all.
responding to vapid bullshit with actual information takes exponentially more time, but I do what I can. I wonder how many of you are getting paid for this? those of you that are enjoying yourselves here, getting warm fuzzies for people agreeing with things you have been trained to say, how many of these traits can you find in your "friends"
Twenty-Five Ways To Suppress Truth:** The Rules of Disinformation * (Includes The 8 Traits of A Disinformationalist)* by H. Michael Sweeney