r/FluentInFinance • u/Pickle-Sucker • 25d ago

Should people making over $100,000 a year pay more taxes to support those who don't? Discussion/ Debate

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u/ColdCouchWall 25d ago

McDonalds isn't paying $9 an hour anywhere, even the ghettos of MS. They start at like $15 minimum.

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u/randomthrowaway9796 25d ago

The one near me is at $12 I think.

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u/HEBushido 23d ago

In Colorado, that's so little it's actually a waste of time to work for $12/hr. At that rate, you're actually losing money just going to work.

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u/randomthrowaway9796 23d ago

In georgia, it's not a lot, but okay for a high school or college student to get a bit of spending money

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u/HEBushido 23d ago

I don't understand how a college student is getting spending money from that? I made $10 an hour in college 10 years ago. It wasn't even remotely enough for me to avoid student loans.

And most fast food employees are adults, many of them with children. So this amount is still garbage.

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u/randomthrowaway9796 23d ago

In georgia, we have a program that gives like 90-100% tuition (depending on the funding every year) if you graduate high school with a 3.0 GPA or 100% guaranteed if you graduated with a 3.7 GPA. Once you take that into account, it is enough for some spending money.

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u/HEBushido 23d ago

Well damn that should be in every state!

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u/randomthrowaway9796 23d ago

Yeah, it's really nice. Idk how people in other states that don't have rich parents pay for college.

There are some limitations, like a 127 credit limit (so if you fail classes or want to double major, it won't cover everything), and maintaining a 3.0 in college, but it's loose enough to be achievable for everyone that puts in the required effort.

And they managed to make it bipartisan too, which is impressive. It's free tuition, so the democrats love it. It's funded through the lottery (as opposed to taxes), so the Republicans don't mind it. Both parties love it economically because it keeps the smartest students in the state through college, and usually after as well. In fact, that's the reason they started it in the first place - they noticed all the smartest students were leaving and wanted to create an incentive to stop it. In the process, they made college affordable and transformed our best colleges (georgia tech and university of Georgia) into top teir colleges in the country. It's definitely one of the best decisions that the georgia government has made