Re: Effects of raising minimum wages in USA
- From: "The Trucker" <mikcob@xxxxxxxxxxx>
- Date: Fri, 30 Jun 2006 14:37:56 -0700
"Sgt.Sausage" <nobody@xxxxxxxxxxx> wrote in message
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"The Trucker" <mikcob@xxxxxxxxxxx> wrote in message
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"Sgt.Sausage" <nobody@xxxxxxxxxxx> wrote in message
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"The Trucker" <mikcob@xxxxxxxxxxx> wrote in message
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So.. What is the actual tax rate paid by the median income earner?
And, BTW, son, I think a SHIFT to 25% tax on transportation fuel
from a tax on wages is a good idea and a more progressive income tax
is a good idea and a cut in FICA tax is a good idea. As a matter of
fact a cut in the FICA tax with NO CHANGE IN BENEFITS NOW
OR IN THE FUTURE is a very good way to increase the minimum
wage without acually increasing the minimum wage.
Are you serious?
Reduce funding for an already demonstrably bankrupt program and
expect something good to come of this -- something other than an
earlier demise of the program?
I hope you've never run a business in your life. Making decisions
like that will sink you for sure.
Why do you think it _necessary_ to fund SS benefits with a wage tax????
Well ya didn't damned well offer any alternatives didja?
A fuel tax ain't nearly gonna cut it. Not nearly enough $$$ there
unless you want to be paying on the order of 12 bucks a gallon, and
then you'd have to raise minimum wages anyway, so the McJobs
folks could have enough gas to get to work.
Why not just eliminate the FICA tax altogether and fund SS with a tax
on transportation fuels, or a more progressive income tax or a tax on
chewing gum???
"progressive income tax" is an abomination beyond all abominations.
Why not just eliminate SS altogether. It's robbery. It's a Ponzi scheme.
It's already on the path to bankruptcy. I'd call it a failure. Let's kill it
now. Killing it later will only delay and multiply the misery.
The German marginal tax rate is 45% and their General Sales Tax is 16%
for luxuries, lower for foodstuffs.
What is median tax?
Compare with the US marginal tax rate of 35% and whateve rthe sales tax
is in your area.
I don't live in Germany and I certainly don't want to. Comparisons to
Germany
and/or other nationalities is irrelevant in the context of this discussion.
You want
to live by German rules, pay German taxes, and suck from the tits of German
benefits -- go right ahead. Move to Germany. I'm not stoppin ya.
And if you want to live like a cretin then you need to move to Somalia.
Citiziens in Europe pay for their "free" welfare services by way of a
draconian income tax and tax on consumption.
And they are sane enough recognize the beneficial nature of that decision.
No. They're just too damned ignorant to realize that they are "dreaming
the impossible dream."
They seem to be doing quite well, thank you.
If, by "quite well" you mean this:
http://news.bbc.co.uk/2/hi/business/3685483.stm
"Unemployment remains a serious problem in Germany and the economy is not
growing
fast enough to sort it out, according to the Federal Labour Office."
"Economic growth is too weak to boost the labour market."
"the German unemployment rate rose from 9.7% in March to 9.8% in April. "
"It will also increase the unease in Germany over the recent expansion of the
EU
eastwards, as many German companies have been relocating factories and jobs
in the former Eastern European countries"
http://www.wsws.org/articles/2005/mar2005/germ-m05.shtml
"German unemployment highest since 1933"
"The Federal Agency for Labour (BA) announced a figure of 5,216,434 persons
officially
registered as unemployed for the month of February. That corresponds to a
national
ratio of 12.6 percent-averaging 10.4 percent in western Germany and 20.7
percent
in the east of the country."
"Unemployment has reached record heights, and cuts
in welfare, health provision and pensions have accelerated ..."
"The German government reacted to the bad news in its tried and tested manner:
a mixture of arrogance, ignorance and embarrassment. "
http://www.frost.com/prod/servlet/report-brochure.pag?id=4549-01-00-00-00
"The current economic situation warrants an immediate decrease in spending and
increase in revenues. However, at present, high spending is prevalent in
Germany
and the tax revenues are unlikey to exceed expenditure in the near future."
http://www.freerepublic.com/focus/f-news/1654840/posts
"Germany's well-trained but frustrated young doctors are leaving the country
for
higher pay in ever greater numbers, leaving some hospitals struggling to fill
positions."
"Discontent among doctors has been building up for some time. For the last
three
months, some 12,000 clinic doctors staged strikes against their work
conditions, forcing
state-run and university clinics to provide only emergency care."
Yeah ... "Quite well" indeed.
Must be something in the German beer that is causing these supposed
problems. Let me ask you this, Einstein, "How are the actual German
people doing while the big shots are screeching about the meager
profits, and the slow economy"? Just remarking that there are many
Germans drawing unemployment is not
a sufficient measure median German life style. They may well have a better
life style on unemployment than the typical American has as he works
his 80 hour work week. If you use a neoconomics rubber ruler to
measure everything then you can just claim what you will.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org
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