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cstanleytech

(26,082 posts)
17. I completely disagree with 15$ an hour.
Fri Jul 3, 2020, 02:01 AM
Jul 2020

Why? Because its a band aid and it will only improve peoples financial footing for a very short time as companies will simply raise their prices across the board to maintain their profit level.
No, a better option imo is link wages to a companies corporate taxes.
The more employees they have that earn under 400% of the federal poverty level the higher their corporate taxes.
So I would raise the tax level for companies earning more than 50 million a year (this way small mom and pops are not hurt and they should only pay 10% tax) to 80% and eliminate all corporate write offs for them.
Then make it so the higher % of their employees that earn over that 400% lower the taxes go
and if 100% of their employees then they pay 0% tax rate total.
Example
80% = 80%
60% = 60%
40% = 40%
20% = 20%
0% = 0%
There is a catch to get down to 0% they also have to employee 10,000 people inside the US companies smaller than that get to go down to 20%.
This way most peoples wages would keep more abreast with the cost of living than simply raising the minimum would every so many years plus it takes it out of the hands of Congress and the President as both should be barred by federal law from trying to interfere or influence the setting of the federal poverty level.
Oh and also franchises and temp workers (including seasonal) would count as part of a companies work force so they cannot try to skirt around it by using either of those.

K&R Solly Mack Jul 2020 #1
Spot on analysis. Nevilledog Jul 2020 #2
Yup but Trump is not the problem exactly rather he is a symptom. cstanleytech Jul 2020 #13
No, Ma'am, People Here Do Not Seem To Realize That The Magistrate Jul 2020 #3
+1 Newest Reality Jul 2020 #6
K&R smirkymonkey Jul 2020 #4
Some do. More than you might think in Europe. But many don't. GulfCoast66 Jul 2020 #5
+1 love_katz Jul 2020 #7
Here is the most disgusting part. GulfCoast66 Jul 2020 #11
I completely disagree with 15$ an hour. cstanleytech Jul 2020 #17
Sounds like a plan. Hermit-The-Prog Jul 2020 #22
That and spell out in plain language that insider trading is illegal cstanleytech Jul 2020 #26
Yes, and more than 'some.' elleng Jul 2020 #9
Thanks, Celerity. I hope you're doing well. ❤ nt littlemissmartypants Jul 2020 #8
We are doing well. 3 months now post asymptomatic infection Celerity Jul 2020 #20
Yes. elleng Jul 2020 #10
Thinking Americans do. nt babylonsister Jul 2020 #12
No offense greytdemocrat Jul 2020 #14
ICUs in Houston are full; ICUs in Arizona are filling up; Florida is going up like a firecracker. meadowlander Jul 2020 #16
Maybe. greytdemocrat Jul 2020 #18
Hmm, who else have I heard say this? Tipperary Jul 2020 #21
All I can say is - denial is a VERY powerful thing. calimary Jul 2020 #15
It depends which news stations and political,party they are affiliated with. BigmanPigman Jul 2020 #19
My wife and I are supposed to leave for America tomorrow. DFW Jul 2020 #23
He is damn lucky to live in a real country that protects its own citizens DSandra Jul 2020 #24
France is doing "great" because they are ignoring it. former9thward Jul 2020 #25
No gollygee Jul 2020 #27
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