It's amazing how many people defend tax breaks for the very rich but criticize mimimum wage laws... ON ECONOMIC GROUNDS!Remember: savings is bad for the economy, spending is good. The absurd idea that the 5-10% saved by the very rich would be more likely re-invested in the economy over the increased wages of low income earners is repeated ad naueam, contrary to fact.
my wife read a naver article about Tada taxi drivers. apparently, they make at least 5m a month, and some make up to 8.5m a month. wonder how true it was
generic cab companies pay peanuts
If it's true then every Korean cabbie will go to work there because generic cab companies pay peanuts. Are they all going there?
Our better paying middle class English teaching jobs are being outsourced to online tutors in the Philippines.
The issue isn't the real rich. If the top rate kicked in at 3 or 4 million dollars in income, and it was just a little bit higher by 2 or 3 points in income tax. But when we consider 100 or 200 thousand rich which it certainty hasn't been for a long time. True those folks do have nice toys but they emulate the real rich and are often in debt to their eyeballs and work their ass off with too long of hours. The top rate should kick in at 3 or 4 million dollars in income a year to tax the real rich. But the rate shouldn't be so high you incentivize them leaving or moving away. A small amount will take a bit more without making them relocate. The key is to get the right balance. The old rate in the US was 39% on incomes over 400,000. It was cut to 35%. Well, let all of Trump's tax cuts remain in place up until 4 million a year and raise the top rate back to the old 39%. Keep at this level if some loopholes are closed or lower all rates after this a bit more if many loopholes closed. If loopholes wide open raise top rate to 40 or 41%. Overall, I do believe less regulation and taxes do create economic growth. But deficits seem to follow because folks can't stomach any reduction in spending. Revenue does grow, but not enough to fully 100% cover the gap. As for Canada, charging much higher on 100 K a year, well investment is leaving the country and provinces are taking their cut too. Don't even get me started on that.
A while ago I heard Korean cabbies make 3 million a month.
Don't. Stop delaying the inevitable. You will go to China and think you'll stay for 1 year.. then it becomes 4... Why live in a communist shithole for 2500/month. It's intimidating to go back to your home country and start fresh as a 25+ yr old with no experience. Shit I know people that are 35+ that need to make the move but the longer you procrastinate, the more uphill of a battle it will become. People are re-training and changing careers all the time even at 40 - 45. Korea is cool for 1 year or 2 maximum. Those of us staying longer, unless married and with a fool proof plan, are digging a hole deeper and deeper for a pittance and a moldy shoebox apartment. This place is polluted and not all that charming anymore. I'm out of here real soon and feeling a new lease on life. Also do this experiment. Make a tinder/bumble profile with your job as ESL teacher swipe every decent looking woman and see how many matches you get. Now make the exact same profile but only change your job. Not even some great job like doctor or engineer.. just some shit like accountant or whatever... The ESL you will get hardly any matches bc women avoid people like that like the plague. Any other job you'll get 3-5x the matches. same face, same intro, hobbies.. but the job is everything. point is esl is seen lower than street sweepers and you'll only get the bottom of the barrel of women here. is that a life you want live fellas? gtfo now
OMG, I thought this was hyperbole, but it looks like it might be true:___________________ ___________________ ___________________ _____________The starting annual salary for a street sweeper job is about 45 million won to 50 million won in Namdong-guhttp://www.koreatimes.co.kr/www/nation/2019/12/281_281154.html