RE: Why the Minimum Wage Needs a Makeover...

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Why the Minimum Wage Needs a Makeover...

in economics •  8 years ago  (edited)

I propose abolishing taxes instead. Since taxation raises the amount of money you need to earn to survive.

  • You won't solve anything with forcing corporations to pay their workers more money. And people don't actually have a right, to a certain amount of money each month.
  • I live off of almost nothing at all, I have a few dollars set aside in bitcoin and other cryptoes, for unforseen expenses and investments. But other than that, I live a fairly "poor" life, compared to the average westerner.
    ^ And living in Denmark, where everything is insanely expensive, due to the insanely high tax bracket, with 45% as the minimum income tax, 25% vats, and what ever else the government does to squeeze money out of it's people, it's not easy.
    ^ Furthermore, I live in a tiny town, without a car, and my social network being all around the country, and even in other countries. being "poor" with that, makes it tough to have a social life, because I have to prioritize on what my money goes to, since public transportation here, is rather expensive. (again, due to government control.)

And even being this "poor" person that I am. I would never want to force other people to pay me more money. If I can't deliver the value, for them to pay me more. Then I don't deserve it.

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I see your point, does Denmark have any restrictions on how much CEOs can get paid in relation to their workers. I am pretty sure Sweden passed legislation to that effect not too long ago. The reason I bring that up, even if we had no taxes and still had a way for the government to function, we have a disappearing middle class. I envy your lifestyle, I have three children and if not for them I would live at a much lower standard of living.

I don't think there is a law, no. At least, I've seen people complain about the saleries, so probably not.

  • That doesn't matter to me either though. I'm not an envious person. So you having more success than me, inspires me instead, and makes me up my game, since I want some of that success as well. :b

I actually don't want the government to be there at all. - I don't need other people to tell me what to do, the police harass me for victemless crimes. (I've even been assaulted by them in the past.)

  • So I think we could do waaaay better, without it.

As for the middleclass. It's almost completely gone anyway. It's been taxed into "poverty".
^ And generally speaking. The rich CEO's works in banks, where they get government subsidies. (Your money, taken through taxes, and inflation.) Besides. If the rich keeps the poor, poor. They wouldn't be able to make more money, since no one could afford what they sold. (And without government, there's no one to force you to pay up either.)

I might be jumping a bit too much around, and apologize for that. I'm hungry, and can't really think about anything, but the food on the stove. >.<

I forgot to mention the 1.000% taxation on electricity, heat and water. <.<