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Form the linked article: > allocates benefits as higher earnings nearly evenly across the income distribution OK by me. Note that it doesn't allocate benefit
by gohrt 11y ago
Form the linked article:
> allocates benefits as higher earnings nearly evenly across the income distribution
OK by me. Note that it doesn't allocate benefit to idle owners f investment income.
> Even after taxes, 27.6 percent of increased earnings go to families in the top 40 percent of the income distribution.
"top 40%" is rather silly bucket. That includes basically the median family, all the way to billionaires.
> Over 25 percent of the increased earnings are collected back as income and payroll taxes
(aka effectively a tax on businesses that pay the minimum wage)
It takes massive concern trolling to argue that this effect is worst than not raising the minimum wage
Pardon me if I overlooked the anti-minimum-wage camp yelling "lower taxes on the working poor!"
- dragonwriter 11y ago> "top 40%" is rather silly bucket. That includes basically the median family No, top 40% does not include "basically the median", by any remotely reasonable standard.
- gnaritas 11y agoThat's why he said basically, it's pretty much the upper half which yes, includes middle class families and billionaires and is a silly bucket to put in one group.