https://padlet.com/leahjessejames/jr1mg5v84m8v en-us 2018-10-09 20:40:29 UTC 2018-10-13 15:50:05 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Pumpkin.png leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/291475337 -quintile are equal-sized segments of a population. in this document it shows the different percentages in presumed and ideal distribution of wealth.

-An estimated percent of wealthy respondents presume is 40%

- 88% of respondents believe they should be held by the wealthy

]]> 2018-10-10 20:35:14 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/291475337 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/291950032 -1% of the US population is represented in the graph
how much of the nation's wealth is owned by the top 1 percent?
40% of the people
the bottom 80%?
the bottom percent only has 12%
- This document made me realize that the middle class is almost as poor as the first class.
- The statement " the poorest Americans don't even register, they are down to pocket change" means that they are so poor they are not considers as first class, for example, the homeless.
- they could argue that some people don't appreciate being called "first class" or third class" ]]> 2018-10-11 20:17:22 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/291950032 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292264978 - The bottom jagged line represents " constant dollars" and the top jagged line sows current dollars.
- The inflation-adjusted minimum wage between 1968 only went up a dollar in a few years, but the minimum wage in 2016 went up 6 dollars in minimum wage. I would rather be a minimum wage worker in 2016.
 - two countries with higher minimum wage than the US:
  - Australia
  - France
- two countries with lower minimum wage than the US:
  - Hungary
  - Mexico 
- I am not surprised where the US stands on the global minimum wage graph because the US has so many  minimum waged jobs.

]]> 2018-10-12 16:57:29 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292264978 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292278217 - spends additional earnings they receive,and spends it immediately
- real minimum wage workers save their money and tips up to have a secure savings, and boost economic activity
- according to the report 11.1 million workers could see wages increase through the "ripple effect"
- Low wage earners spend additional earnings they receive because they must meet their basic needs.
  

]]> 2018-10-12 17:24:56 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292278217 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292282403 -If higher minimum wage is introduced, then more workers want to supply their labor.
- When wages are lower, businesses demand more labor.
-if higher minimum wage is introduced, then more people will get laid off because profits decrease.
- two negative effects of an increased minimum wage:
  -profits decrease, and employees get laid off
 - businesses will want more experienced workers, so younger inexperienced workers wont have a change at getting the job. ]]> 2018-10-12 17:32:11 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292282403 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292311720 - in graph A the information given is the Marginal US income tax rates.
highest-earning .01 percent taxpayers: the taxes decreased
highest-earning 20%: decreased, then increased, and decreased again.
highest-earning 40%: stayed neutral. 
- Belgium pays the highest income tax by 42.8%
- United Kingdom almost pays the same amount of income tax as the US]]> 2018-10-12 18:28:41 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292311720 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292347604 - the brookings institute is the most "think tanks" in the world. they wanted to see what would happen if the US raised income taxes on the super-rich.
- 1. raise the top individual income tax rate from 36.6 % to 45%
  2. raise the top individual income tax rate to 39.6% to 50% 
  3. raise the top individual income tax rate to 50% for income greater than $1 million.
- the income tax rate increases in the three scenarios.

]]> 2018-10-12 20:20:58 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292347604 leahjessejames https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292432907 - if taxes on the top .1% increased to 40% that would more than cover the cost of under-graduate tuition at all country's four-year public colleges and universities.

]]> 2018-10-13 15:41:29 UTC https://padlet.com/leahjessejames/jr1mg5v84m8v/wish/292432907