News for hackers. Stuff that matters.
Re:Better Than Raising the Minimum Wage: Expand the Earned I... by graycat on Saturday May 23, 2015 @03:52PM (#9594122)
Or, take a 1% person and assume they have $100 million and we redistribute all of it. Then we would be giving that to the other 99 people, call it 100, i.e., include the (formerly) 1% person. Then each person would get $1 million, once.

But for the middle class, really want a job at $100,000 a year for 40 years, that is, $4 million. So the $1 million is only 25% of the way there. For the poor people, we still need to find the other 75%, that is, $3 million.

There are no comments on this comment yet.