$34,000 Puts You in the 1% So Why Would You Need A Minimum Wage Law, Says Gazillionaire Charles Koch

Abby Zimet

Charles Koch, the sixth richest man in the world with an estimated worth of $43.4 billion, has launched a campaign in Kansas to celebrate "economic freedom" and blast "all this cronyism, this avalanche of regulations, all these things that are creating a culture of dependency" that get in the way of that freedom," like minimum wage, food stamps and other elements of the safety net that in fact keep alive millions of those with considerably less than $43.4 billion. The punchline of the campaign: An annual income of $34,000 puts a worker among the wealthiest 1% - in the world, that is - so what's with the whining? Never mind federal estimates that a family needs from $45,000 - $54,000 to cover basic needs. Slime City.

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