Kenneth416 wrote: While I will not be affected by the increase in the marginal rate of taxation of salaries and wages from the current 35% to 39.6% (as under the Clinton-era), I doubt that it will have a serious effect on the behavior of the highest earners. Note that, for a high earner who earns $1M, the additional income tax will be only $46,000, less than the cost of the luxury Mercedes or Lexus he or she drives (and which is probably provided by his/her employer, anyway). The real bite comes in the tax on Dividends and Cap Gains, where the...
Fletch The working conditions and pay is awful. ALso, if workers get more barganing power, they just ship the jobs somehwere else, such as Cambodia. The cost of a Nike pair of shoes, is about 1% labor. So, for a Nike shoe that costs $100, it cost $1 for some exploited worker overseas to make. Hardly fair. By the way, protectionism built our nation as the industrial power it is today.
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