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Pull those bootstraps a little harder. (lemmy.world)
submitted 2 months ago* by to c/politicalmemes@lemmy.world
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[–] -1 points 2 months ago (1 child)

A few percent land tax is no comparison to 95% income tax. Also, people at the level of wealth we're talking about don't have a lot of income. They have capital gains.

Also, 15$ minimum wage would destroy economies of many places. In California it's not a big problem. But in bumfuck nowhere with a median income of 25k it will destroy the local economy.

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  • [–] 1 point 2 months ago (1 child)

    https://taxpolicycenter.org/statistics/historical-highest-marginal-income-tax-rates

    95 is not that high For 20 years it was over 90

    And not one person that has complained about the percentile has asked about what the top bracket would be.

    Are you really going to argue that a 95% tax rate on every $1 over $1,000,000 is not comparable to a 95% income tax when fully contextualized to being their one million and first dollar made in a year?

    Find me a place where raising the minimum wage devastated a local economy. I legitimately can't find one so I'm hoping you can help me learn. Here's a write up about how Walmart devastated local economies though.

    Honestly? The fact that we can even entertain, in America, that a state would have a median income of 25k shows truly just how fucked we are.

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  • [–] 1 point 2 months ago (1 child)

    Yea, you can't see it anywhere because people know not to do that.

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  • [–] 1 point 2 months ago (1 child)

    So your answer is "Trust me, bro. We don't need to study this. It's obvious bro everyone knows or. Just don't do it. Don't raise wages bro it's bad. I promise. Everyone already knows this. There's no research for it But we know it's true. Trust me."

    I just want to make sure I understand your logic correctly.

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  • [–] 1 point 1 month ago

    I don't have the energy to look everything up right now. Too high MW leads to rising unemployment. America is huge and has economic powerhouses like California but also Puerto Rico and imma just call them republican states.

    15$/h in Cali makes sense. In Mississippi it's probably the upper upper end of what's maybe possible. Legislating this federally either requires a formula to fit it to the local economy or it needs to be lower than what makes sense for California.

    From what I vaguely remember 12$/h was OK but don't quote me on that.

    7.5$/h is too low, just 15$/h might be too high.

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