Tax Cuts For Job Creation? Do You Know How Compound Interest Works?

Never mind that it is consumers who create the demand for products and services that in turn generates the need for additional jobs to meet that demand. Yes, people need to start the companies that build the products, but let’s get one thing straight here, nobody would start a company if they thought there was no demand for a product. And nobody would start a company if they thought the general public had no purchasing power to buy their product. So jobs will always be a function of demand, not supply.

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Robert Reich Says We Should Set A ‘Maximum Wage’ For Top Executives

The minimum wage has not kept pace with inflation, this is a fact that not even Republicans attempt to refute, at least not that I’ve seen. But do you know what has far outpaced inflation? Executive pay. According to a Facebook post by former labor secretary Robert Reich, when minimum wage was first enacted in 1935 it was “intended to represent society’s sense of minimally decent pay.” Reich says at that time “executives were paid about 20 to 30 times the average wage.” But we all know what has happened over the decades.

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Boilerplate Republican: It Will Kill Jobs

Republicans say no to many things, like a minimum wage increase, or increased taxes, or sensible regulations to safeguard the public (I’m talking to you West Virginia), on the premise that it will hurt businesses, therefore resulting in job losses. But they need not prove these claims, its good enough for Republicans to simply posit them as truths. Of course this is all boilerplate stuff for Republicans. Good at coming up with “common sense” excuses for why we can’t do something or why something is bad, not so good with coming up with the evidence to support the claim.

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Why Are Middle Class Incomes Stagnant? Are We Simply Unproductive Compared To The Super Wealthy?

Would you like to make an extra $50,000, $75,000, or $100,000 dollars a year? I know I would. Would you like a yearly income of $75,000, $150,000, or $300,000? In reality, most Americans make far less than even the lowest amount I listed. In 2012, the median income in America was $51,017, which was down slightly from 51,100 the year before. The poverty rate was 15%, which is over 45 million people. For the bottom 90% of the country, wages have been flat for the past three decades compared to top percent earners who have seen their income double, triple and more.

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