Raise the Minimum Wage to 200,000$ a Year to Reduce the Income Gap and Increase Tax Revenue

Lets be honest.... 10$ an hr does not get it done. In order to live like our better off neighbors most of us need to be making at least 200k/yr. If we raise the minimum wage to 200k per year we can increase the average wages in the united states by almost 150k/person and increase tax revenue with all that new income people are making and use that increased tax revenue to reduce the deficit/debt of the government. Congressional approval not necessary.