Comments by "Dennis" (@Dennis-nc3vw) on "Debate: Will the Minimum Wage Raise Inflation?" video.

Technically inflation doesn't happen, it's really "inflation for the poor." The sectors the poor tend to rely on become more expensive: the cheapest apartments will become more expensive, Walmart will become as expensive as Whole Foods, etc. Inflation won't happen for society as a whole, but for the poor, because you are putting more money into their part of society.
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Because everything you said is nuts. How's 1%ers income going to affect the housing prices in rural Alabama or Detroit? It's only going to effective the housing costs for other rich people living in his neighborhood, who he will be bidding against for his home.
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So why does an apartment in Manhattan cost 10X as much as an apartment in upstate New York?
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@helpAmerica1 The same people who you want to provide you with healthcare.
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It causes inflation for the poor, in the sectors they usually rely on. The price of a studio apartment in Bridgeport rises to match that price of one in Stamford, Walmart becomes as expensive as Whole Foods, McDonalds becomes as expensive as Red Lobster, etc.
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You invest, you are provided with power. You work, you are provided with a salary. Only if you do both should you be provided with both.
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Typical Fortune 500 businesses run profit margins of less than 3%. It's not greed, they have no choice but to raise prices to cover their costs. You say you can barely afford necessities on $15 an hour while half the world is making $2.50 or less a day, and yet you call other people greedy!?? Progressivism makes me sick.
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Big corporations typically run profit margins of less than 3%, they have to raise prices to cover their costs. If anyone's greedy, it's consumers like you.
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@bruceburnett5372 Because they set their prices based on what consumers like you are willing to pay.
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@coolmodelguy So you're talking about elite bankers, not 3 million Americans.
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@TagGeorge Erm, really? So why has the median house size more than doubled since 1950? Keep in mind, that's MEDIAN, not MEAN, so don't tell me the 1% are skewing those numbers.
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@coolmodelguy Their holdings have doubled because Reagan's tax cuts gave them motivation to keep working even after they entered the 1%. If you know you'll be taxed 90% after you reach a certain income bracket, you won't keep working past that income bracket.
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Tax breaks for the wealthy decrease prices. The less a doctor is taxed, the less he has to be paid to feel sufficiently compensated. The less he has to be paid, the less his services cost.
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