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I'm glad minimum wage didn't go up.
11 years ago
Throwing more money at someone isn't going to fix the problem. Magically saying "Everyone now makes 15$ an hour min" means that prices are going to go up. A company would have the choice of either taking a hit to their net profit/stock/share holders, or raising their prices because, wouldn't you know it everyone now suddenly has more money. Those of us making more then 15$ an hour would lose out big time, as prices for things would sky rocket to cover company loss we wouldn't suddenly get a 10$ raise to make up for it. There should and will always be jobs for people who don't have a college degree, or just aren't smart enough for a better job, or just starting out. Hell I started out at minimum wage part time in fast food, worked my way up, got a different job, worked my way up, and now make over three times minimum wage. It took 10 years, and wasn't handed to me. I had to work hard, network, and learn a lot of different things to work my way up and around. I don't think people should just be given money, if you want money and a fast car and nice things you either get lucky or you get good at something.
Other countries have raised their minimum wage and costs have NOT skyrocketed! That's a bullshit argument.
If we raise wages, the stock holders will take a hit? Good!!! Fuck them! What good do they do anyone? Wonder why the price of gas is so high? Because a handful of traders are gaming the system to rake in huge profits! That's who you want to protect? That's another way to save people money. If the price of gas was brought under control, the price of goods would drop correspondingly and people wouldn't have to waste half their paycheck paying for gas to get to work!
http://www.wdsu.com/news/local-news.....411848#!bEuqfD
There are at least 20-30 BIG companies that paid 0 in taxes or got money back, and hundreds of big companies that didn't pay the "OMG 30% TAX THAT ALL COMPANIES PAY". Apple last year paid 2% tax. I paid 15% tax, how is this fair? Walmart not only didn't pay taxes, but got several percent back in tax credits from the government.
• Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer
subsidies. The reason: Walmart pays its employees so little that many of them rely
on food stamps, health care and other taxpayer-funded programs. [See Table 2 for
state breakdown]
• Walmart avoids an estimated $1 billion in federal taxes each year. The reason:
Walmart uses tax breaks and loopholes, including a strategy known as accelerated
depreciation that allows it to write off capital investments considerably faster than
the assets actually wear out.
• The Waltons avoid an estimated $607 million in federal taxes on their Walmart
dividends. The reason: income from investments is taxed at a much lower tax rate
than income from salaries and wages."
So with one hand Walmart puffs up it's chest and says it pays 7.1 billion in taxes, but then receives 6.2 billion back and skips out on another 1 billion and another 0.5 billion. Ending them with a net of paying not only no taxes but getting enough back and in subsidies to receive negative taxes. :). To make it easier on you, think of it as they pay their taxes each month like a good little boy, and at the end of the year Uncle Sam rewards them with all those taxes back plus a few billion because they help poor areas and part time employees.
That is a link to Forbes that shows some of the recent tax structure including Walmart who paid well over 30%. Notice how since the government got involved with GE and what is happening. The government pics winners and losers
• Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer
subsidies. The reason: Walmart pays its employees so little that many of them rely
on food stamps, health care and other taxpayer-funded programs. [See Table 2 for
state breakdown]
• Walmart avoids an estimated $1 billion in federal taxes each year. The reason:
Walmart uses tax breaks and loopholes, including a strategy known as accelerated
depreciation that allows it to write off capital investments considerably faster than
the assets actually wear out.
• The Waltons avoid an estimated $607 million in federal taxes on their Walmart
dividends. The reason: income from investments is taxed at a much lower tax rate
than income from salaries and wages."
So with one hand Walmart puffs up it's chest and says it pays 7.1 billion in taxes, but then receives 6.2 billion back and skips out on another 1 billion and another 0.5 billion. Ending them with a net of paying not only no taxes but getting enough back and in subsidies to receive negative taxes. :). To make it easier on you, think of it as they pay their taxes each month like a good little boy, and at the end of the year Uncle Sam rewards them with all those taxes back plus a few billion because they help poor areas and part time employees.