The minimum wage
Buzzard Roost News - "political news that ain't politically correct"

Recent Posts

Sad but true ...pass it along
Give a Buzzard Roost Christmas
From theDeax files in the Buzzard Roost News
Birth of the Democratic Party
September online edition ready to read


Buzzard Roost Daily BS
General BS
powered by

Henry J's Blog & BS

The minimum wage

Raising the minimum wage ! What do ALL politicians hate to be forced to vote on ? HINT : Ask H.G.W. Bush ! A tax hike ! 
So ? What is the easiest way that taxing authorities can raise more taxes ? Well , dad burn it - RAISING WAGES ! And i hope you don't have the idea that this only effects 
the low wage earners . It gets ALL of us . Do those that get the raise do better with a higher wage . Yup ! For a while ! But do employers really pay more wages ? Not hardly . Wages / benefits are considered  " cost of doing business " by the employer . They ain't gonna take the higher wages out of their own pockets . They raise the cost of the goods / services they sell to the consumer ! Go look in the mirror . There is a consumer . So th wage is raised from $10 / Hour to $15 / hour . That is GREAT !  But wait one minute ! Federal income taxes are based on a percentage  . All income taxes are . Social Security taxes are . Each taxing authority - those that have the authority to tax your income - will get an IMMEDIATE chunk of your new found wealth ! Federal , State & and Local authorities that can tax your income also get an immediate raise . Social Security is collected on a percentage of your income and - most Americans are not even aware of this fact but the employer must MATCH your Social Security Tax penny for penny . That , along with the higher wage - is going to raise the cost of doing business to the employer!  They are gonna raise their prices - calling it inflation ! If you get a $5/ hour wage increase and your federal income tax ( i  am rounding off here to keep it simple ) is 20% the federal government is gonna get $1 of your wage rate - not including SS / Medicare - they get their cut also . You make more money ! Spend more money and much of that is subject to sales tax .Government gets more of your raise ! See ? Nobody had to look bad to increase tax revenue but the governments - federal , state , local do pretty good . You take your new $5 / wage increase to the store and prices are UP AGAIN .... and you wonder why ! One more time = costs go up - prices go up ! Pretty damned simple ! Only place the governments have of getting their operating money is through taxes . governments sell nothing ! Governments tax ! Your new raise helps you out for 6 months or so but ... then you need a raise . The LARGER government is the more loot it needs . Where do they get it ? Go look in the mirror and bend over !
The government claims that OUR Social Security fund will go broke ! Why ? There is more paid into it then is paid out ! Fact ! Told to you this one more time - The only place government can get money is by levying tax ! Or in our case - BORROWING  money ! $21 Trillion more then it brings in . Congress needs more loot to pay their women off .  AHHH!! Lokka here ! The Social Security Trust fund. ! So Congress amends the law so that the ONLY place the SS Trust Fund can can loan / invest your savings is to .... wait for this ... YUP ! The United States Government ! That make sit part of ... the federal debt -About $7 Trillion of our savings for OUR retirement . The Federal Government OWES us $7 Trillion . And they cannot pay it back . GOOD GAWD AMIGHTY PEOPLE + What would our SS Trust Fund look like if that $& Trillion was in the stock market ? The federal government pays .015% on our money . NEWS FLASH ! The government spends more loot a minute then it can pay ! So i gotta ask one more time ! Why do you people continue to vote the very same people into office time and again when they have proven , time & again , they cannot get it done ?
Happy New Year ! 
Hope you pass this on !

0 Comments to The minimum wage :

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
Website Builder provided by  Vistaprint