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by dragonwriter
2839 days ago
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> Wal-Mart is entirely, 10,000% responsible for how much they pay their workers. Yes, but the public is largely responsible for how little of what they allocate to pay gets to employees, by way of the fact that wages are taxed higher than regular income (because payroll taxes) which in turn is taxed higher than capital gains, which in turn are taxed higher than most unearned generational wealth transfer (thanks to the generous nontaxed allowances for gifts and inheritances.) Tax income as income and at the same overall tax level, very few WalMart employees would need public assistance and employers would have a lot less incentive to replace employees that must be purchased with supertaxed wages with minimally-tax-burdened capital investments. Right now, the tax rate on any kind of income varies inversely with the wealth of the people who tend to have that kind of income. |
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