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Rich tax. (feddit.org)
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[-] lazynooblet@lazysoci.al 118 points 3 months ago

The US minimum wage hasn't changed in TEN YEARS?! You guys need to revolt, that is awful.

[-] halcyoncmdr@lemmy.world 64 points 3 months ago

To be fair, many states and cities have their own minimum wages higher than the federal minimum. I'll let you guess which states don't.

[-] hannesh93@feddit.org 76 points 3 months ago

The ones where the people are most afraid of communism and think minimum wage is socialism?

[-] Tyfud@lemmy.world 23 points 3 months ago
[-] BadNewsNobody@lemmy.world 18 points 3 months ago
[-] machinaeZER0@lemm.ee 11 points 3 months ago

For anyone about to downvote - it's a quote from Inglorious Basterds ^

[-] hemmes@lemmy.world 7 points 3 months ago

It’s an older quote, sir, but it checks out.

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[-] ThunderWhiskers@lemmy.world 11 points 3 months ago

50 states makes this game too difficult. Can we just guess colors instead?

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[-] kiterios@lemmy.world 50 points 3 months ago

10 years... how refreshingly optimistic...

In 2007, Congress passed the increase to 7.25 to take effect in 2009. The minimum wage change 15 years ago was passed 17 years ago.

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[-] paddirn@lemmy.world 55 points 3 months ago

Minimum wage shouldn’t ever be a specific amount, it should be a percentage tied to some other economic metric, so that as inflation or cost of living rises, wages increase with it as well. This BS of having to wait for out-of-touch millionaire Congress members to approve of minimum wage increases is ridiculous.

[-] stebo02@lemmy.dbzer0.com 20 points 3 months ago* (last edited 3 months ago)

In Europe we call this wage indexation, you should try it!

[-] PapaStevesy@lemmy.world 21 points 3 months ago

Don't worry, we won't.

[-] pelespirit@sh.itjust.works 10 points 3 months ago

Canadians and Europeans, hold on to this stuff. There are people trying to take away universal healthcare from Canada and Brexit happened. This shit can happen to anyone if you get complacent.

[-] AngryCommieKender@lemmy.world 18 points 3 months ago

Meanwhile, Congress has raised their own pay multiple times since they raised the minimum wage back in 2009.

Actually, looking into it, it seems that they gave themselves an automatic annual pay raise back in the ethics reforms act of 1989! Fucking assholes.

https://www.everycrsreport.com/reports/97-615.html

"The automatic annual adjustment for Members of Congress is determined by a formula using a component of the Employment Cost Index (ECI),......"

".....This adjustment formula was established by the Ethics Reform Act of 1989."

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[-] SplashJackson@lemmy.ca 38 points 3 months ago* (last edited 3 months ago)

Eat the Rich,

Eat the Rich,

Don't you know,

Life is a Bitch!

Eat the Rich,

Eat the Rich,

Out of the palace,

And into the ditch!

[-] finitebanjo@lemmy.world 38 points 3 months ago

Kamala Harris promises to tax the top 1%

Donald Trump promises to tax the bottom 50%

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[-] xep@fedia.io 37 points 3 months ago

They have so much wealth it's hard to visualise how much they have.

[-] Imgonnatrythis@sh.itjust.works 25 points 3 months ago

Eh, buying a president as your personal bitch and jumping around on stage with him in an undersized t-shirt with your belly sticking out like a brain damaged orangatan is a pretty good visualization of how disgusting this much money is.

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[-] GraniteM@lemmy.world 10 points 3 months ago

Q: What's the the difference between a million dollars and a billion dollars?

A: About a billion dollars.

[-] ShareMySims@sh.itjust.works 30 points 3 months ago

If you see these numbers and still think tax is the solution, you're not paying enough attention.

A system is what it does. Our system created this disparity, and will continue to allow it to grow as long as it exists. Any solutions within the acceptable limits said system has set out will never stop it, only placate the masses enough to stop us from tearing it down.

[-] absentbird@lemm.ee 36 points 3 months ago

You don't have to go that far back to find a time when the rich were heavily taxed and income disparity was much smaller. Keep going back and you can find other times when the disparity was greater and the rich were taxed less.

The best outcome may require the system to be torn down, but it's clearly also possible to tax the rich significantly more even with the system already in place.

[-] merc@sh.itjust.works 18 points 3 months ago

Exactly. Post WWII the tax on the richest was 90%, it stayed there until the mid 60s when it was lowered to 70% and then in the early 80s Reagan and that congress lowered it to 50%, then briefly to even below 30%.

It probably wouldn't have happened without the combined effect of the Great Depression rolling directly into WWII. With those two events, it was possible to raise taxes that high, and the rich actually (to a large extent) paid them.

Even though the "Again" part of MAGA is very ill-defined, I think a lot of MAGA supporters would point to the post WWII era as a time that America was great. A greater shared prosperity was probably a significant reason why things felt so great then. Unions were strong, rich people were heavily taxed, and everyone was better off.

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[-] sharkfucker420@lemmy.ml 29 points 3 months ago
[-] Wes4Humanity@lemm.ee 26 points 3 months ago

Better yet, end all taxes on individuals. Instead, all taxes should be levied against corporations, and they should cover the entire bill for a functioning society... And society should democratically decide what that entails. Tax the corporations so much that their stock prices fall back to realistic numbers. Then we won't have any of these fake billionaires who's "wealth is tied up in stocks", but also they can get loans against them. It should be very easy to get "rich" by working yourself, it should be very hard to get rich "letting your money work for you"

[-] EmilyIsTrans@lemmy.blahaj.zone 19 points 3 months ago

Maybe a hot take, but I actually think individual progressive taxes are great. Have a generous tax free threshold, but individual taxes stops excessive wealth hoarding and (in the case of inheritance tax) dynasties

[-] Cethin@lemmy.zip 7 points 3 months ago

I agree, and on inheritance anything over like $1m should be taxed heavily. Anything over say $10m or so should be taxed at or near 100%.

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[-] NutWrench@lemmy.world 25 points 3 months ago

At this rate, we're going to have our first trillionaire by the end of the decade. How much is enough? How big does that pile of money need to be?

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[-] Colour_me_triggered@lemm.ee 23 points 3 months ago
[-] finitebanjo@lemmy.world 11 points 3 months ago* (last edited 3 months ago)

Tax solves problems

Violence solves result of problem

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[-] ben_dover@lemmy.world 22 points 3 months ago

eat the rich, they taste like pork

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[-] dogsoahC@lemm.ee 22 points 3 months ago

We should be way past taxing at this point.

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[-] umbraroze@lemmy.world 20 points 3 months ago

Nah. ...Well, don't get me wrong, the rich absolutely should be taxed, sure, but that's a different debate.

We don't have a nationally mandated minimum wage in Finland. Because the unions set their own minimum wages (which they adjust frequently to market conditions) and the unions also have actual legitimate power.

Maybe they should try this stuff in America too. It's fucking awesome.

[-] Malfeasant@lemm.ee 10 points 3 months ago

Americans have been convinced that is socialism and therefore the greatest evil.

[-] Michal@programming.dev 17 points 3 months ago

If there's a minimum wage, there should also be a maximum wage, but I may be a communist, idk.

[-] ugjka@lemmy.world 8 points 3 months ago

The people in the meme aren't getting their wealth from their wages

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[-] yournamehere@lemm.ee 12 points 3 months ago

but all the alpha sigma dunno what males think they can be the next elon musk and start their own diddy thing.

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[-] kittenzrulz123@lemmy.blahaj.zone 9 points 3 months ago

Why should the workers settle for only higher taxes and slightly more social programs, the workers deserve everything because without the workers there is nothing (furthermore without the capitalists there is everything).

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[-] HowManyNimons@lemmy.world 8 points 3 months ago

Make them pay people more.

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this post was submitted on 26 Oct 2024
1559 points (98.5% liked)

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