Quote:
Originally Posted by Sailor Steve
Raise the minimum wage, and prices go up to compensate. The poor remain where they are.
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remain where they are? you mean below the poverty line?
what about the economic benefit of...Suprise!...everybody having more money to spend instead of borrowing? Again if you know what a plutonomy is then you'll also know that having most of the money in the hands of so few is bad, and that more distributed wealth means more reliable spending and a healthier economy.
Quote:
Originally Posted by Sailor Steve
Take from the rich and give to the poor, and you take away the incentive to be productive.
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or you just take away the carrot on a string.
Oh and third man, I agree that bush made it much, much worse. But it started with Reagen and was never fixed. Maybe we'll hit rock bottom and some high towers will be shaken. on a side note, I'm still miffed by all the people who defend the Uber rich to the last man when they are not Uber rich at all. Is it the dream that they can't stop hoping for? or is it just political rhetoric?