General Discussion
In reply to the discussion: If Democrats win a veto-proof majority in 2018, what should they do with it? [View all]TrollBuster9090
(6,135 posts)The fact that all of those things are now considered radical is a testament to the success of how far the plutocrat propaganda machine has pushed the Overton Window to the right. (https://en.wikipedia.org/wiki/Overton_window)
The minimum wage hasn't kept up with inflation. If it had been continuously adjusted for inflation since 1968, I think it would be something like $16/hr. The minimum wage should be indexed to inflation, as should the SS pension. The SS pension would be tricky, of course, because it comes from a fund. But indexing the minimum wage to inflation is easy. There are those who claim that indexing ANYTHING to inflation actually CAUSES inflation, but they're overstating their case. Many things CONTRIBUTE to inflation, but the minimum wage is a very minor one.
Regarding the top income tax rate, it was 90% when Kennedy came into office and lowered it to about 75%. Due to all the loopholes and deductions, nobody actually paid that much. My idea would be to have the top income tax rate relatively high, but then allow deductions for home improvements, employing people (deductions based on how many people you employ full time...servants, etc.), and make deductions for things that actually stimulate the economy. Charging a lower tax rate for doing things with your money that stimulate the economy was the original idea behind lowering the Capital Gains rate to 15%. It was never meant to be 'equitable.' It was a Faustian bargain, where the rich were allowed to pay a lower tax rate, if they did something that was considered to be stimulatory (investing it) with their 'spare' money. In 1981 that made sense, because the idea of investing in international corporations was rare. Now, investing your money in Chinese corporations that are dedicated to driving American corporations out of business is common place; as is stashing your money in tax havens in the Bahamas. So, this policy needs to be revisited.
Finally, point 5--Reparations for slavery. AFFIRMATIVE ACTION was meant to be the CHEAP way of addressing that injustice. People who attack and destroy affirmative action programs are just inviting this argument. Better to have affirmative action programs, and say they're meant as redress for America's Original Sin.