Fed Ends Zero-Rate Era

Re:Fed Ends Zero-Rate Era by gohrt on Wednesday December 16, 2015 @06:38PM (#10748277)

Form the linked article:

> allocates benefits as higher earnings nearly evenly across the income distribution

OK by me. Note that it doesn't allocate benefit to idle owners f investment income.

> Even after taxes, 27.6 percent of increased earnings go to families in the top 40 percent of the income distribution.

"top 40%" is rather silly bucket. That includes basically the median family, all the way to billionaires.

> Over 25 percent of the increased earnings are collected back as income and payroll taxes

(aka effectively a tax on businesses that pay the minimum wage)

It takes massive concern trolling to argue that this effect is worst than not raising the minimum wage

Pardon me if I overlooked the anti-minimum-wage camp yelling "lower taxes on the working poor!"

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Re:Fed Ends Zero-Rate Era by dragonwriter on Wednesday December 16, 2015 @06:41PM (#10748291)

> "top 40%" is rather silly bucket. That includes basically the median family

No, top 40% does not include "basically the median", by any remotely reasonable standard.

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Re:Fed Ends Zero-Rate Era by gnaritas on Wednesday December 16, 2015 @07:44PM (#10748653)

That's why he said basically, it's pretty much the upper half which yes, includes middle class families and billionaires and is a silly bucket to put in one group.

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