http://www.democraticunderground.com/1002504399Sun 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
Gas would be 10.00 a gallon, milk 5.00 a gallon and bread 4.00 a loaf.
It's all relative.
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.
And where does this money come from?
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.
DUmmies raising DUmmies to be DUmmies.
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.
He might be worth keeping an eye on.
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.
obama can print more money. Problem solved.
DUmmy math get complicated.
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
A lot of stupid on display.