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View Diary: Taxing The Rich The Only Solution To Our Systemic Inequality (44 comments)

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    the People, once you break through the logjam in a corrupt Congress, is fixing the income tax preference for capital gains, dividends, and "carried interest".  Taxing unearned income at the same rate as earned income will start to fix the problem immediately.  Adding a transaction tax to curb financial trading  will assist.  Raising the minimum wage will create an immediate wealth transfer from rich to poor without it having to pass through the government's hands as taxation, and requires no means of enforcement that don't already exist.  

    Oh, and while we're at it, we need to remove ALL the exceptions to the minimum wage.  None of them are justifiable in this day and age and all merely increase the profits of the already-wealthy.  Applebee's and Red Lobster need to pay their own employees full wages, not have it made up from "voluntary" and unreliable tips.  The price of the meal won't change, but it will show up in black and white on the menu.  This eliminates the option for miserly jerks to cheat the workers while forcing the owners to acknowledge the true value of their work up front.

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