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I think we should just give every American a million dollars. We all be millionaires.
Then we will have no more illegal immigration problem, since we will need someone to come over and tend our pools and landscape while we lay back and sip cool alcoholic refreshments.
I think we should just give every American a million dollars. We all be millionaires.
Then we will have no more illegal immigration problem, since we will need someone to come over and tend our pools and landscape while we lay back and sip cool alcoholic refreshments.
Deal.....
And IMO, in five years the same people will have made money, the same people will be living check to check the same people will be homeless.
That is part of the problem we face. What we need to do to fix the problem and what we are doing is two very different things. Saving in banks pays in reduced trade deficit not in cash return on investment. What I think should be done is an enforced savings plan. We have structural problems with the economy and raising taxes to cover the trade deficit would ruin US, but saving enough to buy our own debt that is a different story.
Quote:
Originally Posted by Driller1
Deal.....
And IMO, in five years the same people will have made money, the same people will be living check to check the same people will be homeless.
A "livable" wage is the most ridiculous concept I've ever heard. How should it be a business owners responsibility to conjure up some magical dollar figure that "should be" enough for their employee and their family to live on. If they wanted to start a charity, they would have...they started a BUSINESS. It is YOUR responsibility to earn a living and live within your means.
Even if you could impose some sort of crazy "livable" wage, how much more do you think every product you buy would cost so that businesses could make up for that fantasy world that some believe we should live in?
Your $97 widget will always be left on the shelf in place of that heavily desired $47 widget.
Your $30/hr employee makes $0/hr now and collects UE that says he can hold for a "like" job with "like" pay.
That job is not ******* coming back and you look mighty pitiful complaining about it.
Doesn't matter. If you put more money in the bank than is demanded by the need for debt in a country then the excess tends to go to other countries and make new debt there. The new debt means more consumption than production. That means that trade flows from the high savings rate country to the low savings rate country regardless of pay structure.
How are they going to save money working for companies that are completely uncompetetive? They'll have about a year before they go out of business with your $30/HR minimum wage.
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