I think we should diminish income inequality significantly, however, I believe that such a minor increase in the minimum wage would have a negligible effect. Also, having a federally mandated minimum wage that is almost double that of what it is right now will most likely cause shockwaves throughout the country. To illustrate a significant issue with dialing up the minimum wage so radically, simply think about how much a house in New York City would cost relative to a house in rural Kansas. There are significant distinctions between major urban labor markets and rural ones. $13/hr is dirt in San Francisco or NYC, but it is a reasonable wage in a place like rural Montana. Even then, different urban markets have their distinctions. NYC and SF are probably way up there, but what about Austin, Chicago, Seattle, Miami, etc? At the end of the day, we must fight to end income inequality by diminishing market power and getting people relevant skills and jobs. To diminish market power, the government should impose more regulations on large corporations to create openings for new businesses to emerge. Government regulations on business should also be imposed on large corporations, but scaled back on small business. A big problem with legislation at the federal level is that because it applies throughout the entire country and because it is so heavily influenced by lobbyists and corporations, when the government tries to regulate big business, they end up regulating smaller businesses as well, and corporations can afford regulations, but small businesses cannot. Tax brackets should be adjusted dramatically. Incomes among individuals are distorted by offshoring and capital gains tax, which is unfair to those who do not have the necessary knowledge or resources to make investments. Corporate taxes are not so important because if you look at the numbers individual incomes in America dwarf corporate revenues. At the end of the day, big business keeps getting bigger and the average American works harder for less money. This is economic injustice. I would even go as far as to argue that it is much easier to be rich or poor than it is to be in the middle class, and I am sure that this is the intention of the powers that be. The middle class is the only entity which can feel injustice and do something about it. The rich want things to remain the way they are, while the poor are supported by our safety nets and institutions. The top needs to be diluted and the middle class must be made to feel safe. More specifically, there needs to be more rich people and rich people need to be less rich, while the middle class should not be in perpetual debt and working 40 hour weeks their entire lives. I think it is wrong that when America was being industrialized labor forces were abused, and now that we have regulations, businesses are allowed to use these regulations to their maximum extent. People have to work the maximum number of hours allowable before being overtime eligible in order to be considered full time legitimate employees. Also, the concept of benefits like retirement and medical should not exist. If we have social security and Medicare, why do we also have 401k's and health benefits? This is clearly inefficient and unjust. You are covered if you don't work and you are covered if you work a full time job where the business can afford to give you benefits, but if you are somewhere in between, good luck negotiating that.