St. Louis will drop minimum wage from $10 to $7.70.

[sethnintendo]

numberwang said:

sethnintendo said:

 

Not high enough. We just need a couple more tax cuts for the rich to push inequality to new heights.

 

The top 20% of income earners pay 85% of all income tax, the lower 50% pay nearly no income tax at all.

Somehow the rich managed to survive just fine while getting taxed at a 90% rate under Eisenhower and before him.  I'm sure they are doing amazing at 39% now.

http://www.politifact.com/truth-o-meter/statements/2015/nov/15/bernie-s/income-tax-rates-were-90-percent-under-eisenhower-/