It's Time to Talk Numbers
Budget Discipline begins with Basic Math

I just read some very interesting history about minimum wage. I wish to share this excerpt before I begin editorializing:
The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it.[45] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage. Persons under the age of 20 may be paid $4.25 an hour for the first 90 calendar days of employment (sometimes known as a youth, teen, or training wage) unless a higher state minimum exists.[46] The 2009 increase was the last of three steps of the Fair Minimum Wage Act of 2007, which increased the wage from $5.15 per hour in 2007 to $7.25 per hour in 2009. (from https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States)
Keep that in mind as I continue.
The house pictured above is listed for sale on zillow.com at the price of $225,000 (estimated payment of $1329 per month, which does not include electricity, cable, insurance, car expenses, food, or healthcare). On average (though it is different in each county) property tax is estimate at about 1% of the property value. So for this house at $225,000, the homeowner is expected to pay $2250 per year in property taxes, not including additional insurance. Does it sound reasonable to expect one person with one income at minimum wage to pay $1329 per month just for the mortgage payment, plus electric, plus $2250 per year in property tax? Does that "rule" also apply in the "deed restricted" communities or do they get "special" tax breaks?
I don't know who came up with these numbers. I don't know why Mathematics (which was the numbers language created to protect us from the bologna sandwiches cooked up with word linguists) has had to fail the truth or the economical believability, but I am more than disillusioned with the presentation.
I read on the wiki page (listed above) that at one point Roosevelt's approval of the minimum wage was deemed "Unconstitutional" and then later at another court battle was deemed "Constitutional". As a Constitutionalist, I know how and why it can be considered both. A very complicated paradox revolves around the topic of minimum wage and labor laws. I'm sure Martha Stewart has some opinions on this subject, as do I.
I want to simmer down a bit and consider all these facts before I start rambling on about what "should" be done for our economical security and for the safety of our Constitution. So my readers, I hope you enjoyed the presentation of researched historical facts alongside the current real estate facts of one state in the USA, Florida.
It is not my intention to destroy hopes and dreams of patriotic Americans. Nor is it my intention to kill the real estate industry. It is simply my intention to teach people what economy, budget, and inflation are. Also, I would like Mathematics to serve as a truth again instead of some silly ad campaign for greedy liars.
It has come to my attention that my perspectives shared here in my writing contributions at Vocal.com are sometimes perceieved as angry by some of my readers. While "anger" does fuel some of my writing as I "fight" for justice and/or fairness during what I perceive to be social injustice, I do not want to become known here as a writer who lashes out at underserving targets. I welcome any reader to teach me to do better as I present my "truths" and the "facts" as they are presented to me.
About the Creator
Shanon Angermeyer Norman
Gold, Published Poet at allpoetry.com since 2010. USF Grad, Class 2001.
Currently focusing here in VIVA and Challenges having been ECLECTIC in various communities. Upcoming explorations: ART, BOOK CLUB, FILTHY, PHOTOGRAPHY, and HORROR.



Comments (1)
I like where this piece is headed - I think it would be aided by adding in the Wage Math as well. Basically to show that even if you're working 10 Hours Overtime at the Minimum Wage, you still wouldn't be able to cover the costs of housing alone after Taxes. This is also without considering Food Costs. You're right though, the numbers make no sense, and even if you "Double" the Minimum Wage Currently, it still will put you at Higher than "Recommended" Costs of Housing ("Experts" say it should be 30% or Less of Total Income).