Quote:
Elizabeth Warren plans to give the gov't control of education, health care, & jobs. Her solution to pay for it:
—Raise taxes to cancel student debt
—Raise taxes to fund gov't-run health care
—Raise taxes to increase min. wage
Everyday Americans can't afford Warren's agenda.
—
GOP (@GOP) June 6, 2019Why is the oficial GOP twitter account advertising for Warren?
And what do taxes have to do with the minimum wage?
You guys ever hear of Price’s law? It basically says that in any given organization, the square root of the workers produce 50% of the productivity. Meaning that in a 10 billion dollar company with 10000 employees, 100 of them are responsible for producing 5 billion of work.
That can be further reduced to say that of those 100 and 5 billion, 10 people are responsible for 2.5 billion of work.
Companies generally exists due to the herculean efforts of just a few of their workers. Those workers are usually the ones who make the most money. Make sense? Try singing, if there are 10000 singers in the country, then 100 of them have 50% of the talent, and 10 of them have 25% of the talent. That makes sense when you consider who’s out there scooping up all the money in the industry.
Whats the point? Well 3 points.
1) In the entire us economy that has 200 million workers, and produces 20 trillion. 10 trillion is produced by roughly 14000 people. An extremely small number. Furthermore 5 trillion is produced by the root of that, about 120 people. Which is what is sorta reflected in wealth distribution right?
2)“Tax the rich” is really “tax the productive.” You are making it that much harder for the more productive of us to be productive.
3) The rest of us benefit tremendously when the productive ARE productive. Thats what gives us the iPhones, Seinfeld, the Katy Perries, the PS4s, and more importantly the food, housing and support for the rest of the us.
This is a very delicate balancing act we are all engaged in and if the most productive of us are no longer productive, then the whole system will collapse. This is exactly what happens in socialist countries. The productive are vilified, are prevented from being more productive than everyone else (because it isnt fair) and then millions end up starving because no one grew enough food. This is exactly what the left is moving towards.