The share of our country’s ecomonic output that is going to workers just reached its lowest level since the government started tracking it in 1947. Who is the money going to instead? Corporations and billionaires, who are doing better than they ever have before.

“**Someday, million will be just a loaf of bread!** You need narrow economic pathway, with two connected limits:
**the minimal living wage and the up to10X (times) maximum income cap/limit**

At that point, both limits will be connected, and even inflation will have no effect, because the rich will be interested in raising the minimal wages: so they can automatically raise the income limit cap too! No one will be left behind in poverty, nor widows with two children, and at the same time, **the rich will be happy to lift minimal wages!”($7.25 now wasn’t changed for many years!** The federal minimum wage of $7.25 per hour first took effect on July 24, 2009.. now 2026! and The USPS has increased First-Class Mail stamp prices **20 times** since June 2009!)

“There will be no economic collapse as long as the income gap/cap is limited to up to 10 times the minimum wage. BRB, economist.”

2. “If the minimal wage- for example $50 an hour- equates to $100K per year (enough for a single mom to pay rent, support two college children, and cover all bills), then at 10 times that rate, $500 an hour, the income would be $1 million the draw limit; any income over that would be taxed at 91%.”

Example: ” … From the History: when rich was taxed 91% above threshold (USA 1940-1960 + some other countries and 99% rich, did not want to pay this taxes!) a remarkable phenomenon occurred:

New Jobs were created, providing full-time workers with enough income to support a homemaker wife, five children attending college or university, a mortgage, two car loans, all taxes and bills paid, and still having enough left over for a two-week vacation, sometimes abroad- much like the scenario depicted in the movie Home Alone.

As a result, the wealthy began reinvesting in new businesses, offering fair wages to employees.

However, when these high tax rates on the rich were eliminated or breached, the cycle reversed: citizens became poorer, and some of the wealthy grew even richer.

Money is like rainwater: Dams were built, boosting nearby farms year-round. When the dams collapsed, 98% of farms went bankrupt . When the dam holding back the river (such as wealth taxes 91%) is high, everyone has enough water (money). But when that dam is breached, the poor get even poorer, while the rich- become even richer. Think!

P.S. In 1963 the minimum wage was $1.25 = five 25-cent coins made of 90% silver, which are now valued at $76 TODAY! ( imagine a $76 minimal wage today with a rich bracket at 91% taxation! and you will get 1950-1960 economy)

( 1963 $7.25 in silver dollars/quarters would be $580 today and the MIT minimal Living Wage for a single adult is $26 to $33/hour, indicating $7.25/hour homeless living wage for many)