A pair of progressive Democrats unveiled a bill on Tuesday that would raise the federal minimum wage to $25 per hour, considered the bare minimum a single adult needs to meet the cost of living in much of the US.
The Living Wage For All Act is the first bill to be introduced by the newly sworn-in Rep. Analilia Mejía (D-NJ), who won a special election earlier this month after helping to lead the fight for a $15 minimum wage in her home state of New Jersey.
Would be better to lower the maximum wage
Yeah, that’s called a wealth tax or marginal tax rate. And we need that too. Only problem is that over half of America has been thoroughly brainwashed into believing that a wealth tax would “ruin the economy” because multiple conservative think tanks funded by billionaires has spent the last 4 decades propagandizing that belief into them.
But what if I win the lottery!? Then I’ll be affected! That’s why I’m against it!
/s
the weird thing is, if the billionaires had their wealth redistributed, it would actually BENEFIT the economy. People hoarding wealth does nothing for anyone except them.
I think people need to understand that we don’t actually have to eat the rich.
I recommend combining the rich with an equal volume of leaf litter, yard waste and veggie scraps.
Keep the pile moist and aerated, and in 90 days the warm, wet mass of viscera and wastes will be transformed into a wealth of rich compost!
Of course, if you use it to grow food, you are still ultimately eating the rich. Someone has to eat them eventually.
No reason it has to be only one. Both is the correct answer
Or cap the multiplier that upper management make compared to the lowest employees and make it harder for companies to hire contractors instead of full time employees with benefits.
Should be 1 to 1 tho
definitely.
pass laws that say highest paid employees can only make 10x what lowest paid employees can.
The rich don’t get paid money. Just check Jeff Bezos salary.
That’s why you tax their net worth instead of their salary.
Rich people live off equity. Make them realize gains used as loan collateral!
Or just stop granting loans to people with net worth over some amount. If they can afford to do whatever they’re doing with their current assets, then they should sell that to make the value of the loans they “need”.
Loans aren’t meant to be a gamble or profitable (for the borrower) transaction. They’re to access items you can’t currently afford but need and are willing to pay significantly for over time.
Especially when your net assets cover the cost of the loan amount hundreds of thousands of times like “Richie’s” do.
I’m sorry, but people who have never seen a balance in their life with less than 7 digits just shouldn’t qualify for any loans at all, period.
And none of that signing stuff of to hidden Bank accounts and fake companies.
Tldr- if you’re rich, absolutely disqualified for all loans.