Re:Worker-owned businesses: 'We get paid the same regardless...
by rayiner on Monday March 12, 2018 @01:17PM
(#16569640)
The top 1% earn 20% of all income. If you got rid of them, everyone could get a 20% raise. E.g. cashier goes from $30,000 to $36,000. Much less to split than people assume.
Re:Worker-owned businesses: 'We get paid the same regardless...
by dragonwriter on Monday March 12, 2018 @03:25PM
(#16570659)
> The top 1% earn 20% of all income. If you got rid of them, everyone could get a 20% raise.
No, that's clearly wrong. If the top 1% get 20% of the income, redistributing their income to everyone else would give everyone else a 25% raise.
20% of 100 is 25% of 80.
Not really; the thing with the rich is that there aren't that many of them. Take the top 1% - their average income (including the people making billions) is $1.15M. Let's redistribute $1.1M of those. ($1.1M * (1% of population)) / population = 1% of $1.1M = $11k. So each person only gets $11k extra.