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Re: Big Box Living Wage Ordinance Passes in Chicago

Carl,

Somehow you don't convince. Maybe because your economic formulas are not based on empirical evidence but just on well-meant yet excessively fantastic concepts. Here's the real "social wage". It's called FLAT TAX as implemented by former prime mininster Laar in Estonia and proposed by Steven Forbes in the USA. The Flat Tax system works... just look at the Baltic States and many other former members of the infamous Warsaw Pact. See, in the realms of finance and economy you have to be result and NOT ideology-driven. With the Flat Tax you are going to assign the first $40,000 (that's an arbitrary number of course) of income for a family of four a tax rate of 0%. Every dollar earned above that will be taxed at a flat rate of, say, 17% (as proposed by Steve Forbes). And it won't matter if you make $50,000 of $50,000,000. Furthermore, it's time to eliminate the estate tax, excise taxes and above all: taxation on dividends, interests and capital gains. The goal is to include the poor a.k.a. working class in the generation of capital. You know, it all boils down to what the Founding Fathers proposed for this country.
 
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