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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: flatsville who wrote (106461)6/4/2001 6:56:49 PM
From: Skeeter Bug  Read Replies (1) of 436258
 
flats, re: minimum wage increases. my view is that it is a simple cost benefit. taking any action has a cost and benefit. i do find it kind of funny when business owners all of a sudden become concerned about the unemployment rate amongst folks in poverty, don't you? ;-)

i'll tell you what i'd like to see. i'd like to see social security become welfare for the elderly. this would enable minimum wage folks to stop paying social security tax (we could give them the employer's contribution, too) - this is equivalent to approximately a 15% pay increase w/o the employer paying a dollar more.

the ss tax could be graduated like the income tax. of course, since benefits would be drastically reduced, everyone ought to be able to pay less except those making around $250k+.

very fortunate folks who are wealthy at get to take care of their own retirement and those that need assistance will get it.

oh, and the nation need not go bankrupt and can stop turning a $1 into 60 cents on such a *massive* scale.

funny how the elite like trickle down but don't like trickle up. seems more wages at the low end = more spending = more jobs. funny how the math only works when there is marginal money headed for for your own pocket ;-)
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