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From the article: President Trump promised the typical American household a $4,000 pay raise as he pushed for his tax giveaway to the rich. The reality, however
by elektor 8y ago
From the article: President Trump promised the typical American household a $4,000 pay raise as he pushed for his tax giveaway to the rich. The reality, however, is that from December 2017 to December 2018, real wages for average workers have gone up by just $9.11 a week.
While I agree with Schumer and Sander's viewpoint, I think it's a little disingenuous to compare a per year value to a per week value.
- mcv 8y agoMultiply by 52. That makes it $4000 compared to $474.
- dfxm12 8y agoNot at all. 9.11 * 52 = 473.72. At the very least, it's very obviously somewhere between $468-$520/yr, just over 1/10 of what was promised. There's no insincerity nor obfuscation...
- creaghpatr 8y agoWell, except 'household' is not the same as 'worker', and 'typical' is not falsifiable so it could mean anything. When you take a 'typical' household, say 2 employed parents 2 kids and they own a home or other assets it's far from an unreasonable estimate. But this isn't about reasonable estimates, of course. Hence the deceptive per worker per week comparison. You got played by the household versus worker they snuck in there.
- deleted 8y ago[deleted]
- ataturk 8y agoI haven't even done my 2018 taxes yet and neither have most people. Concern trolling much? I'm sure whatever tax break I got will be welcome. As far as a giveaway to the so-called "rich" you are revealing your biases. Yeah, anyone who makes an actual wage is now defined as "rich." Same as how inflation pushed all of us into those higher tax brackets without doing anything else for us.