Paywall removed: https://archive.is/V2DLL
13% of a low wage
Okay, let’s say you get paid $11 an hour. That comes out to $1.43 an hour. That gets you an extra $240-ish a month, before taxes.
A great thing to be sure, but definitely not enough to make much of a difference in a country where half can’t afford their rent and groceries are likewise becoming unaffordable. And that’s saying nothing about cost-prohibitive health care and education or child care and rent.
I can’t pretend this is progress. Biden, with the presidency and Congress, should have done more. His record demonstrates that he’s legislating more for the billionaire class than the poor. His lack of action makes me think it’s unlikely that Harris will deviate from that track as well.
If you got paid $11 an hour in 2019, that means on the average you now make $14.52 an hour (an extra $605 per month, un inflation adjusted) – which means even accounting for inflation you’re coming out ahead.
definitely not enough to make much of a difference in a country where half can’t afford their rent and groceries are likewise becoming unaffordable. And that’s saying nothing about cost-prohibitive health care and education or child care.
You’re like the third person in the last 24 hours who has persistently failed to understand the entire concept of inflation-adjusted wages – the idea that someone’s wages could rise by so much that even with rent and groceries more expensive now, they could still wind up ahead. You understand that that’s what happened, right? Or not yet?
His record demonstrates that he’s legislating more for the billionaire class than the poor.
What record is that?
What’s your assessment of the meaning of Amazon’s quarterly tax rate over time, and its connection to Biden’s 15% minimum corporate tax?