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Socialism revisited

Socialism revisited

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shavixmir
Lord

Sewers of Holland

Joined
31 Jan 04
Moves
89770
Clock
25 Feb 20

@whodey said
What I can do is math.

So Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 ...[text shortened]... 0 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.
Really?
So, what you’re saying is that people will be financially better off if they work, say, 36 hour weeks (could be 38 or 32.... whatever drops them below the 29.000 mark)?

Meaning they’ll have more money and more free time to spend it in. And that those extra hours become open spots for other people to get some work as well.

Nasty old Bernie!

Z

Joined
04 Feb 05
Moves
29132
Clock
25 Feb 20

@shavixmir said
Really?
So, what you’re saying is that people will be financially better off if they work, say, 36 hour weeks (could be 38 or 32.... whatever drops them below the 29.000 mark)?

Meaning they’ll have more money and more free time to spend it in. And that those extra hours become open spots for other people to get some work as well.

Nasty old Bernie!
dude it's the same idiotic math charlie kirk tweeted. he shamelessly ripped it off him. 52% is for dudes making over 10mill and it's a marginal tax rate. Don't need to argue as if he has a sort of valid point instead of lying his face off

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