EIon Musk’s Wealth
2009: $.6B
2023: $249B
Jeff Bezos’s Wealth
2009: $6B
2023: $153B
Mark Zuckerberg’s Wealth
2009: $.6B
2023: $105B
Federal Minimum Wage
2009: $7.25
2023: $7.25
Billionaire tax rate: 8.2%
Worker tax rate: 13%
Pay workers.
Tax Billionaires.
Save our economy.
🇳🇱
Wow so much misleading data here not sure where to start...
> Billionaire tax rate: 8.2%
> Worker tax rate: 13%
The billionaire tax rate you site is across the entire family then averaged per person. So a billionaire with 5 new born kids and a wife would show1/7th his **real** paid tax rate."
As if that werent bad enough the worker tax rate is the number as it would be calculated for individual works, not diluted across the family. So clearly this is an intentional cheat.
How do I know? Because literally the first hit when i google searched it gave those numbers and when investigating the source I found the intentionally misleading nature of it.
> Federal Minimum Wage
2009: $7.25
2023: $7.25
This has two problems.. 1st, you are cmparing an entire persons life worth (including inheretance) and comparing it against someone supposed hourly wage. These arent even remotely comparable or related things.
On top of that you used the federal minimum wage which is not actually used, anywhere. The states all have their own minimum wage, and they are all above that of the federal minimum wage. So the federal minimum wage you list is literally not the minimum wage used **anywhere**
This is a big reason why these sorts of arguments are dismissed by so many people, they are so over the top dishonest and biased people have stopped paying attention to this sort of nonsense.
> Well... five states don't have a minimum wage: Alabama, Louisiana, Mississippi, South Carolina and Tennessee.
Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour.
Seems I was mistaken there. Just double checked, indeed there are two states below federal minimum wage.
> The massive increase in wealth of anyone who gets into congress is a more interesting trend that needs investigation.
Indeed that would be more interesting a argument.
IIRC, Steve Jobs worked way below minimum wage. Was it a $1/year?
A long time ago, people had "piecework" or "working on piece rate", i.e. paid per unit produced. They fought hard to get rid of that, but in reality that only moves the productive output of one individual to the salary of a less productive individual.
If everyone got paid their actual value brought to the process, a lot of people would be paid less than minimum wage, and many a lot more.
Most successful people work below minimum wage, namely, 0$. I have worked at 0$ at all my companies at the start.
@freemo The state minimum wages are not all above the federal minimum wage. Texas adopts the federal miniminimum wage, so the minimum wage in Texas is $7.25 an hour. There’s nuance in things like tipped wages, but that’s enough to show you also need to check your facts. Source is the Texas Workforce Commission.
https://www.twc.texas.gov/programs/wage-and-hour/texas-minimum-wage-law
@equiraptor Yes we covered that earlier in the thread and agreed that was a mistake.
@freemo @QasimRashid The cavilers never miss an opportunity to defend the nobles. We can see the inequality with our own eyes
Hahah , well at leat your using fair language here, I certainly have no issue with you taking concern with any perceived inequality. A lot more honest than using loaded and inaccurate language like "tax give aways"
Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour.
The rest of your points still stand.
Minimal wage has nothing to do with the accomplishments of individuals.
The massive increase in wealth of anyone who gets into congress is a more interesting trend that needs investigation.