Progressive Politics

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TokenBoomer@lemmy.world

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To End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hour (www.commondreams.org)

submitted 2 days ago by return2ozma@lemmy.world to c/progressivepolitics@lemmy.world

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[–] HeyThisIsntTheYMCA@lemmy.world 1 points 2 days ago* (last edited 2 days ago) (1 children)

Okay, short story a business can't just "pay you in dividends" because there is very strict law around the issuance of dividends. If you already owned enough of the company that you could be effectively paid via your stock, you would be accepting stock options as a major part of your compensation package, not dividends.

(this is a simplification assuming only one class of stock, but) If they issue dividends, they go out to everyone who owns stock at the same ratio. You don't just get to issue dividends to one person.

What you are talking about is a structural feature that typically only corporate sole proprietors get to take advantage of, and they have better ways to pull a sneaky on the irs. Like seriously, you're throwing in some additional taxes that don't need to be paid in there compared to if we just did a disbursement. It all depends what your goals are.

[–] AntiBullyRanger@ani.social 1 points 2 days ago (1 children)

there is very strict law

To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;

If Congress could do something about perverse laws🤔

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 2 days ago (1 children)

i'm sorry, let's have congress change the law because you want to quibble over what you call your income?

[–] AntiBullyRanger@ani.social 1 points 2 days ago (1 children)

More Congress is working in its best interest:

To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
To provide for the punishment of counterfeiting the securities and current coin of the United States;

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 2 days ago (1 children)

how about giving me something useful instead of just talking past me because i mentioned a word that set you off? I could use a good recipe for hulatang

[–] AntiBullyRanger@ani.social 1 points 2 days ago (1 children)

What more are you seeking?
Congress has every power to fix the problems with capitalism, but constitutionally won't.
Law is theirs to define, and amend.

Do you want to fix Congress’s constitutional power to legislate commerce&trade, or are you here to lick their shoes?

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 2 days ago (1 children)

oh, you're just a tankie. got it. have fun.

[–] AntiBullyRanger@ani.social 1 points 2 days ago

Not even close.

Why do you need capitalism?