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

[sethnintendo]

johnsobas said:

sethnintendo said:

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-/

nobody paid the 90%, there was way more deductions and loopholes back then and the 90% tax rate would have been on money over inflation adjusted 3.5million dollars.  Taxes as percentage of GDP did not even go up.  Look at this chart and tell me where the 90% rate did anything.  

http://www.taxpolicycenter.org/statistics/source-revenue-share-gdp

The only thing I can deduce from that is the responisbility is being shifted more on the individual than the corporations with the trend starting right after WW2.