Comments by "whyamimrpink78" (@whyamimrpink78) on "Bill O'Reilly On Income Inequality" video.

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  9. Gamer Brony The thing is that there are too many variables to determine a "livable wage."  I am healthy, so my healthcare cost are currently zero.  Thus my livable wage is lower then someone who is diabetic.  I have a car and need it since my job requires me to go a lot of places.  My livable wage is higher then someone who doesn't own a car and can walk to work. Also, an important part of economics is determining what you need and what not.  One simple fact is that if something is more expensive it is usually safer.  Take a car for example,  a more expensive care is usually safer.  So how far are you willing to go on determining how safe someone is?  Someone driving a safer car has a better chance of living longer.  Thus I can determine that part of a "livable wage" would be that people should be able to afford really nice and safe cars.  Well, now the used car market is out because they won't sell because they are not as safe as new cars. The other problem is that you now raised prices on almost everything since you raised demand.  For example, heat.  You feel that everyone should be able to heat their place.  I don't because I like to save money but if I am guaranteed enough money to heat my place then I will run my heater.  But what is going to prevent the energy company from raising the price of gas?  Everyone is going to be using it because they now make a wage where they can afford it. And if they raise the price of gas then everyone will just get a raise since the "livable wage" is now higher.  Same is with rent.  Everyone now has the ability to afford rent so as a landlord I would raise my rent since demand is high. The term "livable wage" doesn't exist for several reason.  It is just a slogan to grab people's attention and for politicians to get votes from the ignorant.  
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