Andrea Junker Oct 25, 2024

Wealth of Elon Musk
2012: $2,000,000,000
2024: $273,000,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2024: $207,100,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2024: $200,000,000,000

Federal Minimum Wage
2012: $7.25
2024: $7.25

Three words: tax the rich.

Show threadTim Ward ⭐🇪🇺🔶 #FBPEOct 25, 2024
@Strandjunker How did someone manage to invent a "federal minimum wage" and at the same time fail to index link it in the obvious way? Were they deliberately setting it up to fail?
Show threadAlan Miller  🇺🇦Oct 25, 2024
@TimWardCam @Strandjunker there would likely be pushback by the obvious suspects to indexing to inflation, but I think it'd be great to index it to congressional pay (or perhaps congressional staff pay). So many of the ones who'd object to it rising automatically would also *never* consider turning down a raise for themselves.
Show threadmatt wilkie

@fencepost @TimWardCam @Strandjunker ooh, that's an interesting thought.

How about this variant: minimum wage is 1% of the highest earner's wage or owner's income of whatever company or organization work for, whichever is greater.

It would have a floor of current minimum wage, so won't kick in until the top income is >$1,500,000/yr.

I first wrote 10%, but I like the symmetry of "Ok you can be a one percenter but it's going to cost you 1%", #1p_for_1p

Oct 25, 2024 at 9:12pmWeb