The American Resurgence

[tff]

The American Resurgence can only be achieved through a revolutionary reform of the US Federal Tax Code.

It is time for wealth redistribution from the Federal Government to every single American Citizen through exempting every American Family from Income Tax if they earn less than $150,000 per annum.

Everyone should pay something...even if it's not a lot.

[Nordberg]

I believe in cutting the cost of living by ending crony capitalism that uses the power of government to rig prices and believe that America should start eliminating sales taxes..

I speak with many disabled people who are sick to their back teeth about politicians who hand out welfare then take it back in inflation. They would rather Inflation a Tax that nobody voted for hits the poorest the hardest..

That is why I favour in addition to radical reductions in the tax burden tighter control on the Federal Reserve...

sales taxes are state laws.

[Nordberg]

If the minimum wage had been indexed to inflation when it was first passed (.25 cents in 1938) it would be $4.43 today.

Nope. https://www.huffingtonpost.com/2013/...n_2680639.html It would be about 11. Factor in productivity it is over 21.

[Flash]

Nope. https://www.huffingtonpost.com/2013/...n_2680639.html It would be about 11. Factor in productivity it is over 21.

It would not be $11 if indexed to inflation from the beginning. You only get $11 if you cherry pick the early 1960s when it peaked in real value.

"Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study." [But only $4.43 if indexed to inflation since 1938 when the minimum wage went into effect.]

I bet most workers who work in an industry that has seen big increases in productivity already make over $21. That does not apply to janitors, retail clerks, etc.

[Nordberg]

It would not be $11 if indexed to inflation from the beginning. You only get $11 if you cherry pick the early 1960s when it peaked in real value.

"Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study." [But only $4.43 if indexed to inflation since 1938 when the minimum wage went into effect.]

I bet most workers who work in an industry that has seen big increases in productivity already make over $21. That does not apply to janitors, retail clerks, etc.

Corporate profits are at all time highs while wages have stagnated. you are flat out wrong. The huge profits made off the labor of workers has been confiscated by those on top. it mirrors our tax policies .We are moving wealth up.

[Flash]

Corporate profits are at all time highs while wages have stagnated. you are flat out wrong. The huge profits made off the labor of workers has been confiscated by those on top. it mirrors our tax policies .We are moving wealth up.

Compute it yourself. Minimum wage was .25 in 1938. Go to a inflation calculator and see what that would be today. It is $4.43. Corporate profits and productivity have nothing to do with inflation. The only topic I was addressing was what the minimum wage would be today if indexed to inflation. You claimed $21, but that is incorrect based on a cherry picked number of the minimum wages all-time high value.

"Median weekly earnings of the nation's 113.4 million full-time wage and salary workers were $881 in the first quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today.

[rjhenn]

Of course, Trump and the GOP slashed federal revenue while making the rich even richer, and doing virtually nothing for the rest of us. The deficit no longer matters. Neither does the debt.

[Nordberg]

Compute it yourself. Minimum wage was .25 in 1938. Go to a inflation calculator and see what that would be today. It is $4.43. Corporate profits and productivity have nothing to do with inflation. The only topic I was addressing was what the minimum wage would be today if indexed to inflation. You claimed $21, but that is incorrect based on a cherry picked number of the minimum wages all-time high value.

"Median weekly earnings of the nation's 113.4 million full-time wage and salary workers were $881 in the first quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today.

Compute if from 1960. It was a different world in 1938 just escaping the depression. https://inequality.org/research/minimum-wage/

[Flash]

Compute if from 1960. It was a different world in 1938 just escaping the depression. https://inequality.org/research/minimum-wage/

Using 1960 it was $1.00 per hour. Indexed to inflation that is $8.59 in May, 2018.

[Mason Michaels]

"Capitalism is like a dead herring in the moonlight,it shines but it stinks".
We need a Socialist Revolution.

[Nordberg]

[QUOTE=Flash;2444317]Using 1960 it was $1.00 per hour. Indexed to inflation that is $8.59 in May, 2018.[/QUOTmin wage 1960
1968 10.74. http://www.businessinsider.com/the-r...x-that-2013-12 and there is this. https://www.dollartimes.com/inflatio...t=11&year=1968 Buying power in the 70 buck range now.

[Minister of Truth]

"Capitalism is like a dead herring in the moonlight,it shines but it stinks".
We need a Socialist Revolution.

How many people should be murdered to achieve this?

[Mason Michaels]

How many people should be murdered to achieve this?

End justifies the means

[Minister of Truth]

End justifies the means

Wouldn't have it any other way.