Corporations don't pay taxes, only individuals pay taxes. New York is daily advertising on TV it is business friendly and new businesses locating there will be exempt from taxes for several years. Why do you think this is?

It's a hoax

Obviously, as taxes go up there is less after tax profits, less savings, less money for investment in equipment and technology to replace that equipment which wears out or becomes obsolete, and less worker productivity per hour ---meaning more difficulty for average workers in getting ahead. Of course, those who work for the government, it is self-evident, now receive higher pay than in similar jobs in the private sector and pensions in some cases that are more generous than the previous obtained wages and salaries. With a shrinking labor force and declining birth rate, while the number of retirees are growing (10,000 baby boomers retire each day) Things will only become more difficult. No matter who is elected the government always wins.

It would helpful if some respondents read Bastiat's THE SEEN AND UNSEEN, and also Ludwig Von Mises who notes the only way to raise the "general" standard of living is by increasing the accumulation of capital, i.e., savings, and investment at a rate faster than the increase in population, which makes each worker able to produce more per hour of work. Strikes may help a few workers, but not workers as a whole.

Floyd Brown. What would you say "is" a fair wage? $50,000 a year, $100,000 a year, $1 million a year? Mexican nationals working in the U.S. at our minimum wage receive approximately 8 times the minimum wage in Mexico's interior (in their opinion they are not exploited by American businessmen). Everyone in Zimbabwe is a billionaire and yet the poverty rate is horrendous. According to the U.S. Bureau of labor Statistics only 1.4% of wage earners in California and 4.7% nationally receive the minimum wage, and rarely for more than a year. The very few "heads of households" that receive the minimum wage qualify for the tax credit refund. The minimum wage is a learning wage to find out if people will show up the day after payday. The primary beneficiaries of the minimum wage increases are the 95% above the minimum wage and union workers whose contracts require pay increases whenever the federal minimum wage rate goes up. That is why it is union workers who strike the fast food operations. People lobbying for a minimum wage increase hurt the very people they "claim" they want to help.

Politicians are like diapers ---- They must be changed often --- and for the same reason.

It would seem that income inequality is bound to increase over time from inflation if from nothing else. People on the bottom rung of the economic ladder who have no income, perhaps no job will see the gap increase as someone else due to inflation goes to $50,000 a year, then $51,500, then $53,045, etc., in succeeding years. Another factor relative to the growing gap in household incomes is doctors used to marry non-working "housewives." Then they started marrying other doctors, attorneys, or high-income earners and the income gap spiked. To level the playing field smart people must be prohibited from marrying other smart people and then forced to marry dumb people and voila, income inequality will decline.