LogFAQs > #883288139

LurkerFAQs, Active DB, Database 1 ( 03.09.2017-09.16.2017 ), DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicMcDonald's and Visa show you how to budget to live on minimum wage
wolfy42
07/20/17 5:47:44 PM
#77:


Raising min wage by itself just helps the Gov more then anyone else. More taxes basically, not much better life for the bottom 50% of workers in the US.

The easy solution is to raise the basic deduction everyone can take on their taxes to an livable wage in the US. In other words, you don't get taxed for the first $24,000 you make, but get taxed more after that to compensate (and only for what you make over 24k of course).

24k is $2000 a month, more then enough for people to live on just about anywhere in the US. That would be the first step.

The next step is to either ensure there is low cost housing available (under 1k for a 1 bedroom), or increase the basic minimum anyone can get paid to enable them to make over 2x the average cost of housing with a 40 hour work week.

Both of these should be implemented and you would have far less crime, far less people not working, on disability etc.

Basically if your making $10 an hour, you get taxed nothing on that if your working a 40 hour week ($1600 a month).

If average rental costs in your area are $800 for a 1 bedroom, then you can't pay ANYONE less then $10 an hour (enabling them to pay rent with 80 hours of work (2 weeks).

That would be fair, and enable people working the lowest paying jobs to live some kind of life.

I can not believe anyone thinks it's ok for a large % of Americans to need to work over 80 hours per month just to afford the cheapest place they can live.
---
Proud member of the Arv The Great is great fan club!!! Join today by putting it in your sig.
... Copied to Clipboard!
Topic List
Page List: 1