1BROWNWRENCH
Amatuer Malthusian
How much of that $21 an hour does the Government take?
US Economy
- Thread starter texan
- Start date
who knows. but hte point is they have a higher standard of living out there.
i have heard the US is under taxed. capital gains used to be 40%, and its now 20 something. top income tax used to be 90+%, FDR wanted 100% on the rich. corporate taxes used to be wayyy higher, but now i believe the payroll tax is screwed to everyone to make up for low corporate taxes.
chicago is the next detroit.
http://www.bloomberg.com/news/artic...of-junk-just-moved-a-little-closer-to-detroit
capitalism failing to deliver the goods for the majority of americans now. gains in wealth funnelling to the top along with concentrated political power.
time for revolution.
http://www.bloomberg.com/news/artic...of-junk-just-moved-a-little-closer-to-detroit
capitalism failing to deliver the goods for the majority of americans now. gains in wealth funnelling to the top along with concentrated political power.
time for revolution.
funny he mentions bill gates and computers. computers and the internet exist only because of decades upon decades of defense spending. after the internet existed it took bill gates a few years to figure out how to profit off of it LOL. internet and computers handed over for free to private industry after it became profitable. talk about socialism for the rich. the rich are huge state socialists and they like it that way when it makes them money, and dont like state socialism when they arent making money.
i looked at some of sowells stuff in the past. he seems like a hypocrite.
i agree with him that obama speaks in rhetoric and is a liar. along with the fact the economy sucks and obama continues to worsen it by pushing "trade" agreements like TPP which he said he wouldnt do, letting wall st continue their risky speculations, etc etc.
distribution and redistrubution of money is part of capitalism and democracy. the workers produce profit which is distributed to the capitalists who single handedly decide how to spend that money. and society deems the capitalist distribution of money so bad, that we vote to redistribute the money.
sowell should get over it, and i dont think you will hear him speak of oligarchy which is now what america is....
thats sounds steep for $21/hr. i will admit i am not qualified to give u a straight answer on this, but from what i read that sounds more like the top marginal income tax on the richest. it sounds like employers pay for more of the costs of employees coming to work, and employees have more tax deductions as well.
regardless i am willing to bet that the living standards for mcdonalds workers out there are better than states.
Babagounj
Strength through joy
The state income tax has two income brackets (base and top).
In 2014 income from DKK 42,900 ( USD 6430 ) to DKK 421,000 ( USD 63102 ) is taxed at 5.83% and income above DKK 422,000 ( USD 63252 ) is taxed an additional 15%.
Other taxes include Municipal income tax, currently in the range 23% - 28%, though on average 24.09%.
A Health contribution of 8% apply on all income above the tax free allowance in year 2014, though from there the health contribution is getting merged with the regular income tax by one percent per year. Under the Danish tax system, it is possible for a high-wage earner to pay up to 51.5% of their total income after gross tax, giving a total of 57% of total income.
In 2014 income from DKK 42,900 ( USD 6430 ) to DKK 421,000 ( USD 63102 ) is taxed at 5.83% and income above DKK 422,000 ( USD 63252 ) is taxed an additional 15%.
Other taxes include Municipal income tax, currently in the range 23% - 28%, though on average 24.09%.
A Health contribution of 8% apply on all income above the tax free allowance in year 2014, though from there the health contribution is getting merged with the regular income tax by one percent per year. Under the Danish tax system, it is possible for a high-wage earner to pay up to 51.5% of their total income after gross tax, giving a total of 57% of total income.
oldngray
nowhere special
Most of Europe also use VAT which adds even more tax burden on people.
i read this too. i sincerely doubt mcdonalds employees are worse off than american mcdonalds employees. i would bet they are a bit better off. america has the most violent labor history, the left wing is almost completely smashed, and most workers are non unionized despite unions being statistically better for workers (not to say unions have problems). the EU right wing press was even stunned that it took america so long to have EI, social security, etc.
denmark is the "happiest country on earth" after all.
this is alternet who i read quite often. http://www.alternet.org/labor/burger-king-and-mcdonalds-pay-fast-food-workers-20-hour-denmark :
the general manager of HMSHost Denmark, the airport restaurants operator, told the Times: “We have to acknowledge it’s more expensive to operate. But we can still make money out of it — and McDonald’s does, too. Otherwise, it wouldn’t be in Denmark.”
A New York Times article on Tuesday chronicled the life of a Danish fast food worker named Hampus Elofsson, who works 40 hours a week at a Burger King in Copenhagen, and makes enough not only to pay his bills, but to save some money and enjoy a night out with friends.
http://www.nytimes.com/2014/10/28/b...t-region®ion=top-news&WT.nav=top-news&_r=0
"By contrast, fast-food wages in the United States are so low that half of the nation’s fast-food workers rely on some form of public assistance, a study from the University of California, Berkeley found. American fast-food workers earn an average of $8.90 an hour.
Mr. Moore’s daughters receive health care through Medicaid, while he is uninsured because he cannot afford Burger King’s coverage, he said.
In Denmark, fast-food workers are guaranteed benefits their American counterparts could only dream of. Under the industry’s collective agreement, there are five weeks’ paid vacation, paid maternity and paternity leave and a pension plan. Workers must be paid overtime for working after 6 p.m. and on Sundays.
"
sure. heres the link from cbs 60 minutes with a video
http://www.cbsnews.com/news/and-the-happiest-place-on-earth-is/
oldngray
nowhere special
Another meaningless link. Because it is impossible to quantify "happiness".
meaningless to you, meaningful to others
oldngray
nowhere special
Are you happy where you live? If so how happy? Purely subjective.
