Friday, January 20, 2012

You prolly know this more or less but...

10% of wage earners earn between 7.50 and 8.50 per hour

If they could get 2 k hours at that rate
They'd earn 15 to 17 k per year ...that is if they could get 2k hours
Ie 50 40 hour weeks

An eraned social dividend that equaled a doubling of the minimum wage
Might make that palatable
Cost

150 million workers times 15k ?

2.25 trillion

Progresive Wealth tax plus a progressive consumption tax
to pay for this ?

Easily Feasible and sustainable