Sun Apr 1, 2012, 05:58 PM
Star Member NNN0LHI (64,770 posts) Profile Journal Send DU Mail Ignore
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What would you consider a "living wage", in the current economy?
Now when you think about this consider it for someone living on one paycheck with a spouse and a couple of children to support off that one living wage. And remember kids eat non-stop. I watched my two grandsons eat $5 dollars worth of grapes before I could blink.
I would say at minimum it should be $25 dollars an hour with a medical insurance package included.
What do you think?
Don
CAPHAVOC (1,062 posts) Profile Journal Send DU Mail Ignore
2. There should be a minimum income. Unrelated to work.
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For all. Expand Social Security and eliminate all Government Social Programs. Any work could be additional income. Social Security would start at graduation from high school. Every adult should have Medicare and Social Security as a "starting point." They could then choose to live in squalor or improve their conditions by working. But at least it would stop the National Pity Party.
sorrybushisfromtexas (424 posts) Profile Journal Send DU Mail Ignore
6. at a minimum and that would be tough
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My son lives in a high rent area. He made $107,000 last year. He has no credit card debt but is smothered by student loan and medical debt. He does not even have cable t.v. He barely makes it. He works two jobs, has a wife that does not work, and two kids.
He is not healthy, has a couple of hospital visits a year, both kids have had surgeries, and my daughter in law has rheumatoid arthritis.
There is about $1000 a month payment on student loan debt, $1350 a month rent, $650 a month on car payment on 1 car( daughter in law wrecked a car they were upside down on so they paying for two cars even though they have one. They have over 25,000 in medical debt.
He lives paycheck to paycheck. If he misses a day of work they are in the hole. He missed Friday because of sickness and has had two ER visits this weekend. He will probably miss work at least 3 days next week. They are toast this month.
CAPHAVOC (1,062 posts) Profile Journal Send DU Mail Ignore
7. Under my brilliant plan he would pay a 50% flat tax on his income. About 53,000.
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Leaving 53,000 in addition to his and his wifes social security check. That might be a total of 78,000 expendable if social security was 1,000 for each. He would have no medical debt because they would all have Medicare. I would tax all income at 50% from dollar 1. We gotta do something this mess is not working.
elias7 (986 posts) Profile Journal Send DU Mail Ignore
27. You want to turn social security into an entitlement program? Math doesn't work.
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Last edited Mon Apr 2, 2012, 05:47 AM USA/ET - Edit history (1)
How do you determine how much SS someone would get, as there is a formula based on what income you make in your lifetime?
How about high school dropouts? When do we start paying them?
I dont get the math. For example, this year 3.2 million people will graduate from hs. Let's be fair and pay all dropouts when they hit 18 as well: another 1 million. So what's the living wage? $1000/mo? $12k/yr? That's $50 billion for one single age group per year. With a life expectancy of 80, that means 67 single age groups get paid, coming to $3.3 trillion/ yr, which pretty much is The entire 2012 budgetary spending (20% of which currently goes to ss), despite revenue of only $2.3 trillion.
Right now ss pays for itself, $820 Billion in $725 billion out. You want to expand SS 400%.
If you decide that a living wage is $50k/yr, your program will cost $14 trillion.
And taxing at 50% really would build resentment by those who work. The Fox meme of us paying for freeloading welfare recipients would actually be somewhat accurate.
2ndAmForComputers (906 posts) Profile Journal Send DU Mail Ignore
13. Take the rent for a two-bedroom apartment
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Plus gas for 1,000 miles for an average car
Plus monthly groceries for three
Plus 600 KWh electricity
Add $500
Divide by 160
That's your number
These idiots think 25 bucks an hour should be minimum wage? What happens when a loaf of bread rises to 10 bucks? Their stupidity should be a case study. Prices are directly correlated to the economy and wage dynamics.
"DUmmie Math" should be a fatal disease.
It is.
Response to NNN0LHI (Original post)
Sun Apr 1, 2012, 06:27 PM
obey (49 posts) Profile Journal Send DU Mail Ignore
9. In the current economy and at today's prices
beginning at age 18 everyone should be guaranteed an annual income equal to twice their age.
Those making more should be taxed enough to provide that level of economic security for the others.
A Federal agency needs to be established to recalculate the income needs and taxing rates on a yearly basis.
Response to NNN0LHI (Original post)Does this include the 25% of 18-year-olds that don't graduate from public school or can't read and write?
Sun Apr 1, 2012, 06:27 PM
obey (49 posts) Profile Journal Send DU Mail Ignore
9. In the current economy and at today's prices
beginning at age 18 everyone should be guaranteed an annual income equal to twice their age.
obey (49 posts)
9. In the current economy and at today's prices
beginning at age 18 everyone should be guaranteed an annual income equal to twice their age.
Those making more should be taxed enough to provide that level of economic security for the others.
A Federal agency needs to be established to recalculate the income needs and taxing rates on a yearly basis.
Insanity.
Does this include the 25% of 18-year-olds that don't graduate from public school or can't read and write?
sorrybushisfromtexas (424 posts) Profile Journal Send DU Mail Ignore
6. at a minimum and that would be tough
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My son lives in a high rent area. He made $107,000 last year. He has no credit card debt but is smothered by student loan and medical debt. He does not even have cable t.v. He barely makes it. He works two jobs, has a wife that does not work, and two kids.
He is not healthy, has a couple of hospital visits a year, both kids have had surgeries, and my daughter in law has rheumatoid arthritis.
There is about $1000 a month payment on student loan debt, $1350 a month rent, $650 a month on car payment on 1 car( daughter in law wrecked a car they were upside down on so they paying for two cars even though they have one. They have over 25,000 in medical debt.
He lives paycheck to paycheck. If he misses a day of work they are in the hole. He missed Friday because of sickness and has had two ER visits this weekend. He will probably miss work at least 3 days next week. They are toast this month.
$650 a month for a car? What did he buy, a Lamborghini?
These idiots think 25 bucks an hour should be minimum wage? What happens when a loaf of bread rises to 10 bucks? Their stupidity should be a case study. Prices are directly correlated to the economy and wage dynamics.
:thatsright: :thatsright: :thatsright: :thatsright: :thatsright: omg they are stooooopid
Didn't they institutionalize them back in the day for this kind of stupidity back in the day?
Why does DUmmie financial planning always involve so much of my money?
Sun Apr 1, 2012, 05:58 PM
Star Member NNN0LHI (64,770 posts)
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What would you consider a "living wage", in the current economy?
Now when you think about this consider it for someone living on one paycheck with a spouse and a couple of children to support off that one living wage. And remember kids eat non-stop. I watched my two grandsons eat $5 dollars worth of grapes before I could blink.
I would say at minimum it should be $25 dollars an hour with a medical insurance package included.
What do you think?
Don
Here's an idea, one that I'm very sure you won't like: Don't add to your financial load before you can upgrade your financial source.
Simple, huh?
That would involve aspirin
Sounds to me like this person isn't very financially responsible. I understand the illness and stuff, that is just bad luck and life rolled into one. But if they only have two kids, and it sounds like they might be older. Why isn't the wife working? Doing something? Making bows selling them on Ebay?I was asking myself those questions too. There is something not quite right with this story...
Why are they renting if he makes $107,000? If rent is $1350, a house payment for the same size house would be about 15% less.
I have made half that and lived just fine with the kids.
http://www.daveramsey.com/home/ try it DUmmies.
These idiots think 25 bucks an hour should be minimum wage? What happens when a loaf of bread rises to 10 bucks? Their stupidity should be a case study. Prices are directly correlated to the economy and wage dynamics.
Innocently asks "If minimum wage is raised to $25 per hour, wouldn't the cost of services and products increase"? <blink blink>
Innocently asks "If minimum wage is raised to $25 per hour, wouldn't the cost of services and products increase"? <blink blink>if you think groceries are expensive now, wait until everyone is a millionaire.
Who is going to be more affected by raising minimum wage DUmmies?
I was asking myself those questions too. There is something not quite right with this story...I'm afraid you may have forgotten that DUmmies lie, all the time.
Gas would be 10.00 a gallon, milk 5.00 a gallon and bread 4.00 a loaf.
Every now and then, they just love to float this idea and kick it around. Everybody gets $35-$50K for free, no questions asked. Don in particular is fixed on the $50K. This is both minimum and maximum, everybody gets $50K. And that's it. WHAT THE HELL IS WRONG WITH THESE PEOPLE?
The same people it's supposed to benefit? <blink blink>
Innocently asks "If minimum wage is raised to $25 per hour, wouldn't the cost of services and products increase"? <blink blink>
Innocently asks "If minimum wage is raised to $25 per hour, wouldn't the cost of services and products increase"?Any attempt to raise prices is a sign of insufficient taxation.
Any attempt to raise prices is a sign of insufficient taxation.
We would have to root out greed by means of confiscatory taxes.
BanTheGOP
I wrote on this OVER THREE YEARS AGO...isn't anyone listening??
Last edited Mon Apr 2, 2012, 02:30 PM USA/ET - Edit history (1)
Rhetorical question. Our legislators in Congress are as feckless as masturbating Bushwackers.
From my blog archive: DEPRESSION: ONE HUNDRED PERCENT CAUSED BY rEPUBLICANS (http://journals.democraticunderground.com/BanTheGOP/48)
THE ANSWER:
1. Nationalize all industries over 50 employees. Eliminate stockholder boards, install boards that have greater emphasis on needs of people, not the greed of the unproductive.
2. Create a maximum tax, immediately, of all individuals, taxing them 100% when they make 10 million dollars. Create a tax rate of 70%, immediately, for all those who make more than 1 million dollars. Create a tax rate of 50%, effecitve immediately, for all those who make $150,000 or more annually. Up the state tax rates by a similar percentage.
3. Immediately mandate rules for officials. NO private planes, NO perks not available at reasonable cost to their lowliest employee.
4. Immediate minimum wage hike to at least $10 hour, indexed higher for more expensive areas (NY, for instance, would be $15 or so). This will stimulate the local economies, which are key.
5. Eliminate all lobbyists. Period. ONLY citizens can petition their representatives, and then each citizen should NEVER have more access than ANY OTHER CITIZEN.
This is just for starters. This can be done with NO problem if we have a 60-seat democratic majority in the senate.
FINALLY... start the process to decertify financing, and ultimately make illegal, the existence of the republican party through RICO statues.
MAKE IT SO!
Now, I wrote this in 2008 shortly after Barack Obama won the election. So full of promise back then, but we weren't prepared against the republican nuclear attack (though I was).
The more things change the more they stay the same. To that end, BAN THE FREAKIN' rEPUBLICAN PARTY ALREADY!!!
OH, lookie.... my DU Ban alert picked up another winner...
I think he's the biggest crybaby on DU. Someone give him a tootsypop.
5. Eliminate all lobbyists. Period. ONLY citizens can petition their representatives, and then each citizen should NEVER have more access than ANY OTHER CITIZEN.
This is exactly how Obama thinks. It's deranged. He thinks if we heap a mountain of taxes on oil interests, they'll meekly lower our price of gas. :mental:
But what the GOP doesn't have the balls to admit (and use against the Dems) is that while Exxon made $40 Billion last year, they PAID THE US GOVERNMENT OVER $110 Billion in taxes and fees.
Exactly:
(http://2.bp.blogspot.com/-wsoMz4L_mGo/TbiUGJn_tjI/AAAAAAAAPP8/pqaRujV0kls/s400/gastax.jpg)
Exactly:
(http://2.bp.blogspot.com/-wsoMz4L_mGo/TbiUGJn_tjI/AAAAAAAAPP8/pqaRujV0kls/s400/gastax.jpg)
I can't believe Obama would Omit that and that the oil companies aren't pounding that in the media. WTF? :???:
How dare they make 2 whole pennies off a gallon of gas? They should be paying out 2 cents per gallon instead.
I'm afraid you may have forgotten that DUmmies lie, all the time.
It's a near certainty that every single statement in that bouncy tale is untrue.
BanTheGOP
This can be done with NO problem if we have a 60-seat democratic majority in the senate.
I can't believe Obama would Omit that and that the oil companies aren't pounding that in the media. WTF? :???:
Not so, there is truth in ever lie.
You had lunch. :tongue:
You had lunch. :tongue:
Nope. I had two sausage, egg, and cheese McMuffins for breakfast. Wasn't hungry at lunch. :popcorn:
Speaking of McMuffins...if the minimum wage was 25.00, the McDonald's Dollar Menu would have to be the McDonald's 10.00 Menu...
Stupid DUmmies...
[DUmmy logic] What's another zero? They have no value.