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Originally Posted by Paul Markham
I did not agree with you. I said Teenagers that are living with parents who can afford to support them, could be exempt. As could the spouses with partners earning over $100k. Now go find out how many that applies to. Are you prepared to pay more in taxes for the ethical approach to weed out those who don't need the money?
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$100k was just an arbitrary number, if $100k could be exempt, how about $75k or $50k? what do you think the "right" cut off level should be? I would think "subsidizing" family earning more than avg income in the US, which is about $50k, would be hard to justify? so cut off level should be under $50k?
Quote:
Originally Posted by Paul Markham
Do you agree that fewer people buying your customers products reduce's your income?
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Increasing minimum wage doesn't create more people that will be able to buy products... it simply takes $$ from one group of people and gives it to others... minimum wage workers will have more to spend, but someone else will have less to spend... minimum wage laws don't magically create wealth... if they did, why not just do $25/hr? or $50/hr?