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Seattle Times letters to the editor

May 1, 2014 at 7:04 AM

Minimum wage: Use income tax to redistribute wealth

The Seattle Times article “Accord on $15 minimum wage: not yet” [Local News, April 24] describes the effort as an attempt to address the growing gap between the rich and the poor. This is misleading.

A $15 minimum wage, while a help to those workers struggling (at least those workers who would not be laid off or see their hours cut) to survive in an increasingly unequal economy would do very little to remedy the burgeoning inequality gap.

Why? The structural problems that need addressing are problems at the top, not the bottom. A small number of people possess an increasingly large share of the wealth.

Instead, I suggest a progressive tax on anyone in the city who makes over $250,000. Use this, then, to subsidize an increased minimum wage. With a tax that increases according to income, targeting Seattle’s growing number of millionaires and even billionaires, we could probably implement a $20-an-hour minimum wage.

Fred Nollan, Seattle

Comments | More in minimum wage | Topics: Fred Nollan, income inequality, Minimum Wage

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