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Thu Feb 26, 2015, 12:02 AM

 

What happens when you tax the rich and raise the minimum wage? Meet one of USA's best economies...

Wed Feb 25, 2015
By Walter Einenkel


When Minnesota Governor Mark Dayton took office in 2011, Minnesota had more than a $6 billion dollar deficit and an unemployment rate of 7%. Today, Minnesota's unemployment rate is now below 4% and they have a budget surplus of over $1.2 billion dollars. How did Mark Dayton do this? Did he heed his Republican opponent Tom Emmer's advice?...

Make no mistake, government cannot create the jobs we need to turn our economy around, but private business people can. State government can either help improve the necessary business climate – as I will do if elected governor – or it can hurt job development, as my opponents’ proposals to maintain the status quo would do.


No. No, he didn't....

During his first four years in office, Gov. Dayton raised the state income tax from 7.85 to 9.85 percent on individuals earning over $150,000, and on couples earning over $250,000 when filing jointly -- a tax increase of $2.1 billion. He's also agreed to raise Minnesota's minimum wage to $9.50 an hour by 2018, and passed a state law guaranteeing equal pay for women.


We all know that equal pay for women is a slippery slope that leads to voting rights and the loss of corsets and hoop skirts. Mark Dayton's approach of making people who can afford to pay, pay, helped eliminate the deficit. Raising the minimum wage gave more people money to spend. Businesses like money and they like people who have money to spend.

Between 2011 and 2015, Gov. Dayton added 172,000 new jobs to Minnesota's economy -- that's 165,800 more jobs in Dayton's first term than Pawlenty added in both of his terms combined. Even though Minnesota's top income tax rate is the 4th-highest in the country, it has the 5th-lowest unemployment rate in the country at 3.6 percent. According to 2012-2013 U.S. census figures, Minnesotans had a median income that was $10,000 larger than the U.S. average, and their median income is still $8,000 more than the U.S. average today.


More...

http://www.dailykos.com/story/2015/02/25/1366806/-What-happens-when-you-tax-the-rich-and-raise-the-minimum-wage-Meet-one-of-USA-s-best-economies

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Reply What happens when you tax the rich and raise the minimum wage? Meet one of USA's best economies... (Original post)
Cali_Democrat Feb 2015 OP
Electric Monk Feb 2015 #1
Cali_Democrat Feb 2015 #2
Wellstone ruled Feb 2015 #3
JI7 Feb 2015 #4

Response to Cali_Democrat (Original post)

Thu Feb 26, 2015, 12:07 AM

1. Very similar thread with 64 recs and counting, but with a huffpo link instead of kos

 

here http://www.democraticunderground.com/10026278946

more evidence that trickle-down economics is pure bullshit

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Response to Electric Monk (Reply #1)

Thu Feb 26, 2015, 12:20 AM

2. Thanks!

 

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Response to Cali_Democrat (Original post)

Thu Feb 26, 2015, 12:52 AM

3. That is the way DFLers get things done......

 

Bottom line,there are tons of folks coming across the border from Wisconsin. Wonder why! Now,if we can get those Congressional Districts realigned.

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Response to Cali_Democrat (Original post)

Thu Feb 26, 2015, 01:01 AM

4. one of the places i have considered moving to

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