Sunday, November 29, 2020

Why do Americans deserve a minimum wage Increase & the ability to payback the Deficit?

 Why do Americans deserve a minimum wage Increase & the ability to payback the Deficit?

Americans deserve @ $15 wage increase (*), because they are in debt, due, to National debt incurred by the United States of America, Tens of Thousands of dollars per citizen. Therefore, each citizen deserves the right to pay their taxes to the Federal & State government to pay off that debt.

At the present level of minimum wage, below the poverty level, each minimum wage earner doesn’t pay any Federal or possible State Tax. Might I say, well below the amount needed to pay back that debt or sustain a livable income.

Also, the 2% Gross Tax suggested by Senator Elizabeth Warren will help meet the demands needed to pay off The US National Debt.

Senator Warren suggest the tax should be used to pay for free schooling. But I point out that schooling is already given freely or at a very reduced rate. Free schooling exist in elementary & high schools. The Community Colleges across America are ten times less than at private schools and are funded by Grants & Pell Grants for low income students.

With the increase in minimum wage, students will be able to pay their cost of living. There-by giving them a transition phase of Parent-support to Self-support.

The United States used to be paid the highest level of labor wage in the World and all others were considered to be Third World wage earners. Now The United States is the Fifth highest paid labor force in the World.

The 2020 pandemic has stopped the labor force from earning almost a years worth of taxable wage and there-by stopping the needed income funded to the Federal & State government. The Trump stimulus package kept the economy rolling; but that has ended.

Now in November another stimulus package is needed to fund not only the individual & business economy but also the Federal & State Government economy. Before the United States borrows the money needed to save the US economy; we need to make sure we can pay it back.

That is why, I propose the two prong increase in Federal & State Tax. Without increasing the actual tax itself......!!!

Make America Great Again; start at the Bedrock of America, The Common Citizen.

(*) The wage needs to increase to the point that each citizen, part of the US work force (not just the middle class), can pay taxes sufficent to pay their civil debt. And we may find that we all prosper in the joy shared.

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