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"A working class hero is something to be / If you want to be a hero well just follow me"
Trump made an interesting proposal recently to end taxes on overtime wages. I think this proposal is a non-starter for practical reasons, but is still directionally correct. Ending taxes on overtime wages is intended to help the working class. And the working class in America are not being given a fair shake. Our society feels as if it is run for the benefit of retirees and people with fake email jobs. We need to take action to rectify this.
Despite what some people may say, blue collar work is awful. It pays little, it's hard on your body, it's often hourly (so no pay when you take off to go to the dentist), the benefits are typically bad, etc.. While some people can get rich by operating a business providing blue collar services, this is an extremely hard and frustrating path. Is it any wonder that young people only want white collar jobs?
The Democratic Party solution for this is of course more welfare for the working poor. I think this policy is deeply destructive as it disincentives labor, and creates a captive class who are dependent on the government to live. (This might be a feature, not a bug, to some Democrats who envision a permanent ruling majority).
But I think a more constructive way forward is to increase the value of blue collar work. Tariffs help with this, even if they reduce overall prosperity. This overtime proposal is interesting since it only rewards people who are already working more than 40 hours a week. And it will, of course, hit mostly blue collar workers.
And, with that, the party alignment feels complete. Trump is winning among blue collar workers by nearly 20 points, and losing among white collar workers by similar margins. Democrats are promising subsidies for white collar workers such as student loan forgiveness. Trump is promising to reward his own base. Personally, if we're buying votes, I think Trump's proposals are better.
My guess is that the median overtime hour worked may well be by some minimum wage worker struggling to make ends meet, but the median dollar earned through overtime is earned by some doctor or lawyer.
Let's face it, the single mum working three different shit jobs to feed her family is not going to pay a lot of taxes -- nor should she. Tax cuts benefit the people who are in the higher tax brackets, i.e. the well-off.
Doctors and lawyers are salaried, not hourly, right?
They are typically hourly, but are overtime exempt under FLSA standards. So if they get paid overtime, that’s on their employers.
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