What we need is a 100% tax on profits until the cost of government subsidised labour is repaid. Because that portion of the “profits” is just raided directly from tax payers in the first place.
I agree there should be more tax brackets at higher rates and income levels. It’s weird the personal tax rate maxes out at 37% for income around half a mil, ish. I regularly see my clients making a million, $10m, $50m+. It is hard to see that knowing we deny children lunches in school.
Maybe. But there is some argument that not every employee needs the same income level so pushing minimum wage up to a level that accounts for employees that need a higher income is a harder sell than some midpoint plus support for those who need extra (single parent of multiple kids supporting their household on their income Vs rich kid working weekends for extra spending money.)
What we need is a 100% tax on profits until the cost of government subsidised labour is repaid. Because that portion of the “profits” is just raided directly from tax payers in the first place.
I agree there should be more tax brackets at higher rates and income levels. It’s weird the personal tax rate maxes out at 37% for income around half a mil, ish. I regularly see my clients making a million, $10m, $50m+. It is hard to see that knowing we deny children lunches in school.
That’s true but I’m talking about a tax on employers who pay their staff too little not on individuals.
Oh, yeah I forgot what thread this was about. Seems like it would be easier to raise minimum wage, no?
Maybe. But there is some argument that not every employee needs the same income level so pushing minimum wage up to a level that accounts for employees that need a higher income is a harder sell than some midpoint plus support for those who need extra (single parent of multiple kids supporting their household on their income Vs rich kid working weekends for extra spending money.)