General Discussion
In reply to the discussion: Wow. UAW President Shawn Fain isn't mincing words. [View all]patphil
(6,379 posts)The Federal minimum wage needs to go up to $12. per hour right now, with $2. bumps for each of the next 4 years.
Covid reeked havoc on the inflation rate for 2021 thru 2023, driving middle and lower class actual purchasing power down hard. Workers were left standing out in the cold as corporations and the super rich continued to do well.
Now the workers need to catch up, and the ones who reaped tremendous profits need to share that wealth.
I would like to see a 1 time 20% wealth tax on all people with at least $1 billion in net worth, and a 10% wealth tax on those with $500 million to $1 billion, and 5% on all those with $100 million to $500 million.
From just Musk, Bezos, and Zuckerberg that would be over $100 billion.
These people are leaches on society, draining the lifeblood from the working class.