SJTheGreat06 Dec 3, 2023
Qasim Rashid, Esq.

EIon Musk’s Wealth
2009: $.6B
2023: $249B

Jeff Bezos’s Wealth
2009: $6B
2023: $153B

Mark Zuckerberg’s Wealth
2009: $.6B
2023: $105B

Federal Minimum Wage
2009: $7.25
2023: $7.25

Billionaire tax rate: 8.2%
Worker tax rate: 13%

Pay workers.
Tax Billionaires.
Save our economy.

Dec 3, 2023 at 5:14amMastodon for iOS
Show threadGulfofMexicoDec 3, 2023
@QasimRashid Almost makes you want to ask, “What’s wrong with Bezos.” Almost.
Show threadanionDec 3, 2023
@QasimRashid instead we get cybertrucks, workers pissing in bottles, and a metaverse to control your eyeballs
Show thread🎓 Doc Freemo  🇳🇱Dec 3, 2023

@QasimRashid

Wow so much misleading data here not sure where to start…

Billionaire tax rate: 8.2%
Worker tax rate: 13%

The billionaire tax rate you site is across the entire family then averaged per person. So a billionaire with 5 new born kids and a wife would show1/7th his real paid tax rate.”

As if that werent bad enough the worker tax rate is the number as it would be calculated for individual works, not diluted across the family. So clearly this is an intentional cheat.

How do I know? Because literally the first hit when i google searched it gave those numbers and when investigating the source I found the intentionally misleading nature of it.

Federal Minimum Wage
2009: $7.25
2023: $7.25

This has two problems.. 1st, you are cmparing an entire persons life worth (including inheretance) and comparing it against someone supposed hourly wage. These arent even remotely comparable or related things.

On top of that you used the federal minimum wage which is not actually used, anywhere. The states all have their own minimum wage, and they are all above that of the federal minimum wage. So the federal minimum wage you list is literally not the minimum wage used anywhere

This is a big reason why these sorts of arguments are dismissed by so many people, they are so over the top dishonest and biased people have stopped paying attention to this sort of nonsense.

Show threadNiclas HedhmanDec 3, 2023

@freemo

IIRC, Steve Jobs worked way below minimum wage. Was it a $1/year?

A long time ago, people had "piecework" or "working on piece rate", i.e. paid per unit produced. They fought hard to get rid of that, but in reality that only moves the productive output of one individual to the salary of a less productive individual.

If everyone got paid their actual value brought to the process, a lot of people would be paid less than minimum wage, and many a lot more.

@QasimRashid

Show thread🎓 Doc Freemo  🇳🇱Dec 3, 2023

@niclas

Most successful people work below minimum wage, namely, 0$. I have worked at 0$ at all my companies at the start.

@QasimRashid

Show threadNiclas HedhmanDec 4, 2023

@freemo

I know, and so do I. Just mentioned a famous example.

@QasimRashid

Show threadequiraptorDec 3, 2023

@freemo The state minimum wages are not all above the federal minimum wage. Texas adopts the federal miniminimum wage, so the minimum wage in Texas is $7.25 an hour. There’s nuance in things like tipped wages, but that’s enough to show you also need to check your facts. Source is the Texas Workforce Commission.

https://www.twc.texas.gov/programs/wage-and-hour/texas-minimum-wage-law

Edit: I now see your other comment elsewhere. Maybe edit the comment I replied to, so readers see accurate info? Federation makes it hard to see everything!

Texas Minimum Wage Law - Texas Workforce Commission

Show thread🎓 Doc Freemo  🇳🇱Dec 3, 2023
@equiraptor Yes we covered that earlier in the thread and agreed that was a mistake.
Show threadMasterMischiefDec 3, 2023
@freemo @QasimRashid The cavilers never miss an opportunity to defend the nobles. We can see the inequality with our own eyes
Show thread🎓 Doc Freemo  🇳🇱Dec 3, 2023

@MasterMischief

Hahah , well at leat your using fair language here, I certainly have no issue with you taking concern with any perceived inequality. A lot more honest than using loaded and inaccurate language like "tax give aways"

@QasimRashid

Show threadAngrySexagenarianDec 3, 2023
@QasimRashid jail billionaires
Or eat them.
Show threadTC Won't Give In To LiesDec 3, 2023
@QasimRashid
#TaxTheRich with a #WealthTax
Show threadHuman_Intelligence_AgencyDec 3, 2023
@QasimRashid Fair point😀
Show threadPavelDobCZ23Dec 3, 2023
@QasimRashid Even if those numbers were just swapped, we'd be off to a better start already.
Show threadcultdevDec 3, 2023
@QasimRashid our economy…and our society, and the planet
Show threadStefan SchollDec 3, 2023
@QasimRashid Have you considered how many avocado toasts the billionaires eat?
Show threadCanadian CurmudgeonDec 3, 2023
@QasimRashid
Just to point out that while the US federal minimum wage remains at slave-labour lows, other countries or jurisdictions have better rates.
In Ontario, for example, it's $16.55/hr. Better, although not a liveable wage in all towns or cities here. But I agree: tax the rich fairly.
Show threaddmytrDec 3, 2023
@QasimRashid For a common person rules doesn't look fair, but the truth is, there are no rules.
Show threadanubis2814Dec 3, 2023
@QasimRashid The top 1% produce 29% of the world's carbon emissions. the top 11% consume the same amount as the rest of the planet. If the bottom billion doubled overnight, they would increase the global carbon output by 1%. In biology we call this cancer, the planet cannot afford the rich. People always refer to humans as a destructive virus, nope they are just all trying to live in a cancerous global society where one group consumes way more resources than the rest of us.
Show threadgdtrfbDec 3, 2023
@QasimRashid
Show threadShadSterlingDec 3, 2023
@QasimRashid 13%? My tax withholdings are significantly higher than that. What does one do to get as low as 13%?