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.
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.