What about Lynsi Snyder?
Care to try and empathize with her, before you seek to force her company out of her hands?
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Great, let's see your numbers. I challenged Edge to do it several days ago... and the dude took off. The tax burden from the new tax is over $160 million, not including any other income taxes. She has $600 million in assets that are not her company.
I'll wait.
What about her? Are we still pretending that she's a statue who lives purely off of her inheritance of the In & Out company, has $0 income, has $0 outside investments or assets, and needs to live off of her In & Out stock for life? Won't she have to sell that to like, buy food at some point? GIVE HER FREE FOOD SO SHE DOESN'T HAVE TO LITERALLY BE FORCED TO SELL HER COMPANY SO SHE CAN EAT!
I just took a look at the average salary of an In-N-Out burger employee and they barely make just over 15 bucks an hour. Then you take a look at the cost of living in many of the areas they're located, and it's still an insult. I know here in Maryland, $15 an hour will get you an apartment in a craptacular part of town.
Sorry, I don't feel sorry for billionaire heiresses, for example, who may say nice things to people on social media on occasion. If you want me to start to think <Mr./Mrs. rich person> treats their employees great, compensate them appropriately as well as contribute what you are supposed to contribute back to society because those same people helped you become or still be the billionaire you are today. So until you do, I don't want to hear it.
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In Sweden, so will use SEK.
If I found myself with 20,000 SEK/month after taxes?
I'd be fine with my entire income being taxes after that (~2400 usd a month)
If I was alone supporting a family I'd need to raise that some, but as it stands I'd be able to save and invest every month on the back of that.
But if I get that every month ? Sure, got absolutely no problem giving up anything else.
- Lars
Okay. And? Most employees are not pulling in 150K at In-N-Out burger, for example. Many employees are the associates - the front-line workers. Those are the same workers that have to deal with the crazies who refuse to put on masks while getting paid a barely minimum wage salary.
The owners of Mcdonald's, for example, are also part of the problem and their further exploitation of paying their employees less is why the rich need to contribute more than they are. That doesn't exempt the heiress of In-N-Out burger.
It's not even a matter of, can they do it, it's a matter of, will they. They can do the right thing, but they don't want to.
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Most are not, but In&Out has long offered health and medical coverage for their employees, and pays well above the industry average.
They did this for decades before other companies followed suit.
That's the problem In&Out has been doing the "right thing" for as long as most of us have been alive.
- Lars