posted on Aug, 1 2011 @ 07:43 PM
Yes, fantastic. Let's have everyone work for the same amount of money that other countries work for, with a cost of living some 200 times higher...
If you have a job that is paying significantly more than minimum wage, you are scarce and it tends to be more cost-effective to give you a modest
raise than to find someone else. If you repeal minimum wage, people -will- be getting paid dollars a day and when they complain, companies will turn
to the 30 million other unemployed people.
If you really want to see our country succeed and not our corporations, start regulating the crap out of them and put a cap on personal income. Is it
anti-freedom? Yes. Let's face it though, as much as many of us want to become millionaires and billionaires, how many of us would such a policy
really affect? But as long as entities, be they people or faux-people(i.e. corporations) profit more than is sustainable, money will be printed to
make up the difference, if money is printed, money is devalued, if money is devalued, the economy tumbles. A slightly dumbed down explanation of the
model of "capitalism" that we have today. Is there any reason a company should see a 100% return on their 1 billion dollars of investment year after
year? No. Is there any reason why rich people and corporations can have an effective tax rate that is actually a negative quantity? No. Now, for those
of you who like to point out wealthy individuals and corporations pay the largest burden of taxes... Well, why the hell shouldn't they? But the fact
of the matter, quite simply, is that because of loopholes and subsidies, their effective tax rate, for even the most heavily taxed, winds up being
about half what your average American would pay.
Making money on the backs of others doesn't make someone savvy. Saying you're a christian, or a muslim, or a mormon and wishing people dead doesn't
make someone a hero or a patriot... These things just make you a bad person.
There are hundreds of issues about my ideas here. Just as there are hundreds of issues with just about everything else, current Economics included,
but it is far closer to sane than a system put into place by disgusting individuals like Milton Friedman who proudly wear an open smile on their face
talking about the benefits of Greed (And yes, for all you Christians out there, Greed = Avarice. Yep, that's right, a mortal sin.)
Any system that is allowed to go on unchecked will eventually become imbalanced which will lead to some sort of major anomaly. Our current economic
It has nothing to do with liberals or conservatives. The fault is in the system and until that changes we'll be cycling through extreme highs and
extreme lows ad infinitum and the only people paying the price will be the average consumers.