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The minimum wage needs to catch up with and be indexed to inflation. Anyone willing to work full time should be able to afford a studio apartment, utilities, food, clothes, healthcare, and a bus pass. A minimum but decent existence. Employers should pay some sort of tax penalty for failing to provide healthcare/pensions. The revenue from these penalties should subsidize higher education.
We could cut the cost of healthcare tremendously right now if we forced all providers to compete by transparency in pricing. Have it all available on the internet so people could shop for what they need.
I always loved Ben and Jerry's business plan that said the CEO could not make more than 8X the salary of the lowest paid worker. And that should be all compensation of any kind. Makes sense to me.
Members of Congress should be limited to total and complete compensation of the average worker in the US. Same benefits and retirement too. The only way for them to get more money would be to help the workers make more money. We probably wouldn't need to worry about term limits anymore because they couldn't afford to spend a lifetime in office and maybe we would get some officials who actually wanted to represent the people. They have all sorts of bennies the average person knows nothing about like 1K per month for a car.
The only allowed political contributions should be personal and limited to $100 per person or corporation, per candidate, in their state. Fix it so big money can no longer OWN our representatives. The people need to own their representatives. Level the playing field!
I want Richey Rich to pay his share of taxes but I am not wanting to take his money and give it to Penny Poor. I just want Penny to have a fair chance to improve his lot in life. He will still have to work plenty hard!
In a world where the “wealthy” become “richer” and the working class strive to get by, should there be a redistribution of wealth to put everyone on an equal footing?
Aren’t we just playing a game when we talk about “balancing budgets” and paying off “government debt”? After all, it’s not like we’re going to be wealthy in the event that this debt ever does get paid off.
Let’s wipe the debt clean, redistribute wealth equally and start over!
That sounds great! How much of your wealth are you giving up? Unless you live in a third world slum or some village in rural China, Africa, or India, you are going to be on the giving side of this equation, not the receiving side.
There's no "fair" way to redistribute wealth. What we can do though, is make future taxation fairer.
The truly wealthy benefit by having their assets invested, and their maximum long term capital gains tax will be 20%. Now, I am upper middle class, but I pay a higher percentage of taxes than they do. Even after this new tax bill, next year my tax bracket will still be 24%.
I'm not even going to get into all the corporate tax breaks that are out there.
Now, some people will say that anyone can benefit from our current tax rates from investing... Sure, in theory. But most Americans don't have individual investment accounts. They may have retirement accounts, but those are treated differently. VERY FEW Americans (only the rich) really get to take advantage of those taxable gains rates.
Warren Buffett is well known for saying that he pays a lower tax rate than his secretary does. When you have a system of taxation set up like that, it accelerates the wealth inequality in the country.
I watched Money Masters by Bill Still a few weeks ago and learned how it all works. The truth is that a debt based financial system is designed to enslave people, not to serve them. The system is designed to get everyone wage slaving to service our debt. And the battle is over who prints the money; private companies, or we the people. The federal reserve is privately owned, as are all the central banks. They create money fraudulently out of nothing. It is not backed by gold or assets, and banks further down the chain can lend out many times what they have on deposit, and with interest - what they lend out, with respect to commercial loans is created out of nothing, simply based on a promise to repay.
This doesn't directly address the OP, but there's a serious lack of appreciation about how the elite intend to screw everyone below them over. Time to wake up. Monetary reform is required.
When one relies on global terms like "let's, they should, we ought to" etc., it becomes clear that it is really a rant, not a serious discussion.
Likewise, it's somewhat revealing that the OP has not returned to the thread to clarify, in spite of about half the posters commenting on what they 'think' the OP meant.
There's no "fair" way to redistribute wealth. What we can do though, is make future taxation fairer.
The truly wealthy benefit by having their assets invested, and their maximum long term capital gains tax will be 20%. Now, I am upper middle class, but I pay a higher percentage of taxes than they do. Even after this new tax bill, next year my tax bracket will still be 24%.
I'm not even going to get into all the corporate tax breaks that are out there.
Now, some people will say that anyone can benefit from our current tax rates from investing... Sure, in theory. But most Americans don't have individual investment accounts. They may have retirement accounts, but those are treated differently. VERY FEW Americans (only the rich) really get to take advantage of those taxable gains rates.
Warren Buffett is well known for saying that he pays a lower tax rate than his secretary does. When you have a system of taxation set up like that, it accelerates the wealth inequality in the country.
The minimum wage needs to catch up with and be indexed to inflation.
You don't understand Inflation. The sole purpose of Inflation is to prevent goods, services and commodities from being over-consumed or depleted.
Indexing wages to Inflation guarantees that goods, services and commodities continue to be over-consumed or ultimately depleted.
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