Years ago during an NFL strike the guy who owned the Carolina Panthers, cried this bullshit all the way to the bargaining table...years later only to discover the guy was literally making the most money

And worse if they have tl pay taxes as the rest of us! How can people be so cruel toward these poor corpos? /s

It's just objectively false. The minimum wage was not "meant for teenagers".

No business which depends for existence on paying less than living wages to its workers has any right to continue in this country... By living wages I mean more than a bare subsistence level - I mean the wages of decent living.

-Franklin D. Roosevelt

You can hem and haw all day and what minimum wage should be, but what it was meant to be is unambiguously clear.

If this were done, I wouldn't be surprised if every industry did everything in their power to manipulate the specific qualifying items used to generate the measure in order to keep wages as low as possible.

Like if the price of a gallon container of milk were to be the measure, the industry would start selling milk by the liter and limit galon containers to special sales where it cost $0.05, but each store only had a stock of 5 units on January 1st.

Some bullshit like that.

pegged

Giggitty

What we need, desperately, is a restoration of the 91% top-tier tax rate, that nobody ever paid, and nobody ever will pay.

The purpose of such a tax rate isn't revenue. The purpose is avoidance. What companies have to do to avoid that tax is exactly what the economy needs. The largest businesses need to reduce prices to lower revenue below the line. Alternatively, they need to Increase business spending, which reduces their taxable income by paying more to employees and outside workers for products and services.

Capital Gains need to be taxed progressively, and higher than labor.

The Social Security tax limit needs to be eliminated, and cap gains needs to be subject to this tax as well. Social security tax needs to be shifted from regressive to progressive. The social security benefit age needs to be incrementally decreased until Social Security is a UBI system instead of a retirement system.