Re: The Real Causes of Income Inequality
Meadhead, in my opinion the big pink elephant in the room that everyone is ignoring is this. When you have almost 50% of people who get everything back when they file taxes every year, effectively paying no income tax you cannot give them a tax break. There is nothing to lower for those folks. Where as those of us who actually have incomes taxes that don't come back from the government can benefit from lowered taxes.
Originally Posted by MeadHallPirate
In that case it is also the job makers that benefit and in the long run those without jobs will find them.
BTW I remember an article not long ago that %5 unemployment was considered the best you can hope for as it is the number of people who absolutely refuse to work. Whether it be those on the street or whatever reason. I believe one of the reasons is when you start getting below %5 the push for higher wages in any level of the economy would hurt the cost of goods and services by pushing them up. Simply supply and demand. Low supply of applicants raises demand for applicants which in turn gives them the ability to demand higher wages. Such as remember seeing some McDonalds in the late 80's with signs reading $8 to start.
Don't confuse my intensity with anger.
I am male, white, straight, Christian, Conservative how else can I offend you today.