Wed Nov 28, 2012, 05:24 PM
Panasonic (2,921 posts)
We need to go back to 1980 and Reagan and undo what Reagan destroyed...
I remember that the unions had an agreement in principle to do 4 days workweek, and Reagan just ignored it and destroyed it.
With a 4 day workweek, the difference is that the minimum wage would be required to be increased to a living wage of $40/hour adjusted yearly for COLA raises, and it cannot be lower than the previous year.
Heck, if WalMart wants their precious 28 hour staff, then they have to pay the $40/hour. Minimum. It's time to slash corporate welfare by significant number...
What do you think?
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We need to go back to 1980 and Reagan and undo what Reagan destroyed... (Original post)
Response to Panasonic (Original post)
Wed Nov 28, 2012, 05:40 PM
jmowreader (35,298 posts)
2. Let's start with the tax code
During the days of big government, taxes were far higher than they are now and there wasn't the huge wage spread between labor (who made more than they do now) and management. This kept the need for borrowing down.
If you told the Founding Fathers we have a tax structure that forces you to pay up to 35 percent on money earned by farming or making steel, but only 15 percent on the profit from selling a piece of paper with the name of a company printed on it, and that our richest citizens earn all their money by selling those papers, they would be appalled. But that's how America is now.