Comments by "AQuietNight" (@AQuietNight) on "Pedro Gonzalez: The CONSERVATIVE case for 15 dollar minimum wage" video.

Trickle down has worked since 1783 :)
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@mariusbagu4962 It is because others improved their skills that you can afford to pay the ones that didn't $15/hr.
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I owe Pedro a ton of thanks for curing my insomnia.
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@jackspurlock9201 With the coming industrial age you needed large capital accumulations to build industry, railroads, etc. Your average small farmer didn't have that kind of money nor did the average craftsman. The money came from large merchants and bankers that collected little amounts and turned them into useful investment vehicles. This is what trickle down is. As jobs formed workers and higher skilled managers gained good salaries and wages, their spending became the trickle up.
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@thejquinn Trickle down built the industrial plant that allowed America to support a 2 front war from 1941-45. And big finned Cadillacs years later :) The Hoovervilles were the result of the then economic experts fixing the economy. They fixed it good, didn't they?
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@jackspurlock9201 The money came from overseas to build up U.S. industry which later allowed Americans to have their own money to start industry. In any economy different types of people started businesses some which grew to great size and others that failed. But as the industrial revolution took hold, bankers got over their attitudes about industry and they made large fortunes lending to railroads, steel companies and the like. Overseas investors liked getting dividend checks and bond interest from America. Cornelius Vanderbilt didn't make his fortune ferrying a few baskets of peaches around New York harbor. Jay Gould could not screw over Cornelius Vanderbilt by owning a railroad that carried about a few cans of milk. And brokerage houses didn't make money from small farmers, but from the stock trades in active stock markets. In Andrew Jackson's time, the industrial revolution was just getting it's start. By time the Civil War started, the U.S. was becoming an industrial giant. Thomas Edison didn't get his start by having a some shoemakers lend him a few bucks. And all this was built on the basis of the United States becoming an independent nation in 1783. And the U.S. Constitution in 1789.
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@jackspurlock9201 Many little guys became wealthy. You yourself have said the same: "Masters of mid-sized craft shops became the first industrial manufacturers." You did the work for me. Thanks:)
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@jackspurlock9201 There was no federal income tax in that time period. Everyone had the same rate :)
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@jax5683 I have been in the homes of a few very well to do people. I now know why their mattresses are 5-6 ft thick.
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