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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat happens when you tax the rich and raise the minimum wage? Meet one of USA's best economies
https://www.dailykos.com/story/2015/02/25/1366806/-What-happens-when-you-tax-the-rich-and-raise-the-minimum-wage-Meet-one-of-USA-s-best-economiesWhen Minnesota Governor Mark Dayton took office in 2011, Minnesota had more than a $6 billion dollar deficit and an unemployment rate of 7%. Today, Minnesota's unemployment rate is now below 4% and they have a budget surplus of over $1.2 billion dollars. How did Mark Dayton do this? Did he heed his Republican opponent Tom Emmer's advice?
No. No, he didn't.
During his first four years in office, Gov. Dayton raised the state income tax from 7.85 to 9.85 percent on individuals earning over $150,000, and on couples earning over $250,000 when filing jointly -- a tax increase of $2.1 billion. He's also agreed to raise Minnesota's minimum wage to $9.50 an hour by 2018, and passed a state law guaranteeing equal pay for women.
We all know that equal pay for women is a slippery slope that leads to voting rights and the loss of corsets and hoop skirts. Mark Dayton's approach of making people who can afford to pay, pay, helped eliminate the deficit. Raising the minimum wage gave more people money to spend. Businesses like money and they like people who have money to spend.
Exilednight
(9,359 posts)Our most robust economies happen when we raise taxes and the minimum wage. It allows for growth while reducing, or eliminating, deficits giving consumers confidence.
People fail to understand that markets are psychological as much as they are tangible.
hifiguy
(33,688 posts)He is probably the best governor Minnesota has had since Wendell Anderson - the one who was on the Minnesota Miracle cover of Time holding a walleye. Dayton has been terrific for the state. Looking across the border at Kochland, f/k/a Wisconsin, is just terrifying these days.
Kalidurga
(14,177 posts)This was a case where every vote really did count. And looking at Wisconsin is scary these days, I remember when it was a great state.
hifiguy
(33,688 posts)Governor Dayton, Senators Franken and Klobuchar, Representatives Ellison and McCollum just to start with. It makes the winters more bearable.
And I think it's going to get better. I remember not to long ago being afraid that the voter ID law was going to pass it was polling with high percentages, but a lot of people got the word out apparently and it didn't pass. I talked to a lot of people at my college, I hope they spread the word as well.
dflprincess
(28,078 posts)things that happened to the state.
All sorts of people were encouraged to move here - people who objected to paying taxes to continue the "good life" here.
Jackpine Radical
(45,274 posts)Itza nordern pike.
Wellstone ruled
(34,661 posts)Make good tasten pickled fish don't you know. You betcha.
Jackpine Radical
(45,274 posts)An yah dem hammer hannels isn't worf da bodder but like ya sez, ya pickilem and da bones goes soft like pikkilt herring.
hifiguy
(33,688 posts)dere, eh? Yah, you betcha.
louis-t
(23,295 posts)I said "Looks like a pike to me".
Jackpine Radical
(45,274 posts)Walleyes is bedder.
louis-t
(23,295 posts)You could drop a line in any canal around the lake I lived on and eventually catch one. They liked the shallow water, but were fussy about what they hit on. The bullheads, on the other hand.....
elleng
(130,908 posts)KANSAS???
The Dysfunction of OZ! http://www.usnews.com/news/the-report/articles/2015/06/05/political-dysfunction-rules-in-kansas
SharonAnn
(13,775 posts)elleng
(130,908 posts)HelenWheels
(2,284 posts)MN's property taxes are much, much lower than WI. I don't know how user fees compare.
daleanime
(17,796 posts)WillyT
(72,631 posts)bluestateguy
(44,173 posts)nt
jwirr
(39,215 posts)the mess so many others are in. And it is not just our economic system. We have great public schools. Wonderful systems for those like my daughter who are disabled. One of the best in the nation. And we care about our environment.
There are problems but we are way ahead of areas like WI and KS.
madokie
(51,076 posts)this pretty much proves to me that the rich want as many of us to die off any way possible. Why else would they try to starve everyone that they possibly can. This governor raised the taxes on the rich and raised wages and now the people can live like people should be able too and the rich are still getting richer so its not just about the money. This proves the rich have nefarious ideas concerning the poor in this country. Sorry bunch of bastids if ever there was any, in my way of thinking anyway.
Enthusiast
(50,983 posts)The Velveteen Ocelot
(115,702 posts)The latest thing was a sneaky last-minute attempt to defund and privatize certain functions of the state auditor's office - it would have allowed counties to bypass the state auditor's office and hire private contractors. The provision was added to a bill in a secret GOP meeting the night before the regular session was supposed to be over.
Dayton is insisting that this provision be changed as a condition of calling a special session to finish the budget. http://www.mprnews.org/story/2015/06/02/state-auditor-fight
kenfrequed
(7,865 posts)He is the best thing that has happened to this state in some time. He has already undone a lot of the damage that 'Pawlenty-o-cash' did during his terms.
malthaussen
(17,195 posts)... and that is only a promise to do so "by 2018."
Yeah, it kind of figures that increasing taxes would increase revenue. Point being, as cool as MN's recovery is, there is a lot of room for improvement.
-- Mal
The Velveteen Ocelot
(115,702 posts)This was the best he could get them to agree to, and they squealed like pigs the whole time.
malthaussen
(17,195 posts)Jackpine Radical
(45,274 posts)of the St. Croix & Mississippi.
The Velveteen Ocelot
(115,702 posts)Jackpine Radical
(45,274 posts)I thought they had to import them from Roberts or something.
The Velveteen Ocelot
(115,702 posts)Jackpine Radical
(45,274 posts)But I'm still expecting the economic blossoming to happen in Roberts.
valerief
(53,235 posts)The Velveteen Ocelot
(115,702 posts)The mansions on Lake Minnetonka and along Summit Avenue still seem to be occupied. I'm not aware of a mass exodus of rich people. Since the wealthy are now being horribly oppressed here in the People's Republic of Minnesota, you'd think they would emigrate en masse to Scott Walker's Libertarian paradise of Wisconsin. But they haven't. At least, I haven't seen caravans of Mercedeses, BMWs and Lexuses (Lexi?) heading east....
SomeGuyInEagan
(1,515 posts)There was no shortage of GOPers claiming this would push the "job creators" out of the state and how we would all suffer.
Not so much.
Bluenorthwest
(45,319 posts)$9.35 an hour. Our unemployment rate is around 5% now, it was higher than 7% a few years ago however.
SomeGuyInEagan
(1,515 posts)That's an article from February ... the revised numbers came out in March:
http://www.startribune.com/with-minnesota-s-first-big-surplus-in-years-everyone-wants-a-tax-cut/296332331/
And now Dayton had to call a special session to get a budget, dealing with knuckledraggers in the leg. Gonna be some more ugly, but he has led us up out of the mess created by Ventura and T-Paw (Dip and Dippier) to a nice view of their damage fro high ground.
My governor rocks!
Wellstone ruled
(34,661 posts)Jesse the Ego,was soooooo loveable by sooooo many of those Friday Night Rasselen fans,that he fooled them all. The Guy was nothing more than a shill for Corporate Minnesota.. BTW,Arnie Carlson did tons of damage as State Treasurer and later as Governor. Old Arnie brought Norm the DFL turncoat Coleman to Minnesota and got him a job ironical in the Attorney General's office as Assistant AG to Mark Dayton. If one wants to read what really is going on in Minny,just read Hotdish Politics.
SomeGuyInEagan
(1,515 posts)I was here for a short time in '97 and then back for the long run in 2001.
Now Arnie is presented as a moderate Republican, a call back to a time when there was some sanity in the party. Sounds like that wasn't true, but I do remember such a thing as a moderate Republicans (George HW Bush was pro-choice and is the person who coined the phrase, "Voodoo Economics" . Seems so long ago.
Wellstone ruled
(34,661 posts)We had a Right Wing Nut group out of Brainerd and their leader was Vin Weber. This turkey drank the Bircher Kool Aid. And the rest is History. He and Coleman are at the same Lobby Firm in D.C..
rhett o rick
(55,981 posts)can count on to work towards this goal.
Don't let the billionaires neutralize our democracy.
BainsBane
(53,032 posts)My state taxes are half what my federal taxes are, and I am no where close to rich. Pawlenty had so skewed MN's state tax brackets to favor the wealthy that Dayton corrected it. MN is an example of what you get when the population is willing to pay higher taxes, but it's not just the rich. We vote on amendments for higher taxes for schools, the arts, and parks. People should understand this is about the middle-class' willingness to pay higher taxes, not just the wealthy.
LynneSin
(95,337 posts)Just saying