Im an ass, but Im also very near genius when it comes to seeing through to a veiled reality. Just thought Id share my rough conclusion from thinking a bit last night about minimum wage increase. Let me explain why this will not work, and why it will help the Government. Here is the chain of events. 1- Minimum wage goes up. 2- People demand raises that were slightly above minimum wage, then it flows upwards and everyone ends up with a raise. 3- Property rent rates are increased because we can afford it. At the same time, the price of goods goes up. Inflation speeds, lowering the value of the dollar... Now for the fun stuff... remember how the government gets money right? Taxes. You pay more taxes because you make more, and sales tax is more productive at a higher cost of goods. The only thing that does become more affordable in this scenario is the dues that the Government pays out (SSI and etc). Payouts stay the same, but the dollar is worth less now, so they are actually paying you less value. Our government has always made a habit of paying things forward off of money they expect to flow. So, they fund what they need, pay off some debts, all before the dollar becomes garbage. Dont think it can happen on that scale? The price of one 20oz coke is now more than a 35 12oz cokes 60 years ago. You know what starts the need for a raise in minimum wage? The previous raise in minimum wage. It is far more complex and involved than this, but Im damn tired. Either way... It is a giant ponzi scheme kids, and you are not at the top of the pyramid.
Posted on: Thu, 30 Jan 2014 14:34:16 +0000
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