Comments by "Hobbs" (@hobbso8508) on "CNN"
channel.
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@Bill Billson
"$15 wages ages when the market doesn't call for it does not increase wealth"
What a load of bollocks. If you pay people more they have more wealth. It rocket science you spanner. The wage is double for some people.
"Increase unemployment"
An empty statement with nothing to back it up. Not only has the nominal minimum wage been higher in the past, it increased spending among the lowest earners, increasing overall spending and pushing businesses to perform better.
"The more you intervene the more severe these problems will be"
Oh sure. Let's just let monopolies crush the balls of the working class. Why not remove minimum wage and bring back slavery while we're at it? The only thing stopping things from being worse is the minute hold government has.
"But you fail to realize that ran programs are the most expensive"
1. By supplementing health the government stop medical bankruptcies. These are both terrible for the economy and yet still make up the majority of bankruptcies. Without Medicare and Medicaid we would see both more debt and more death, resulting in increases in unpaid debts. This would ruin the economy. These programs save money as a result. Also, due to various Republican policies, these programs could be cheaper, but just aren't.
"Gov healthcare and social sec that dens want account for over
half our spending"
Sure, if you ignore the discretionary spending, which is defense 57% of the time, and changes the total budget. Moreover, social security it paid for by people who pay into it, and Medicaid and Medicare pay for themselves.
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@billbillson5082
"Ok, so why just 15? Why not raise it to 5000 an hour?"
Minimum wage is supposed to be the minimum a family can survive on. That definition had shifted over the years, to the point where people cannot survive on it any longer.
"monopolies are nearly impossible in an actual free market."
Bullshit. Monopolies are the end result of a free market. Government is the only thing stopping monopolies. Large corporations are what stop people from entry into the market.
"ok, you runa business and have your workers wages increase to $15 an hour. Guess what happens? You won’t have money to support that, so you’ll lay off the appropriate number to maintain some sort of revenue."
Or, you just raise prices to match the increase in wages. Do you know how much McDonalds would need to increase their prices to pay for a $15 wage? A 4.3% increase in prices. Wow, just fucking wow. Look at that disastrous inflation in action. How ever will we as a country survive? It's almost as if most of these business have operating costs tied up in purchasing and rent rather than wages. How crazy is that? This is also usually proposed over 5 years so by the time we get there the value of a dollar would have dropped roughly another 10% if the last 5 years are anything to go by.
"Most of them are on the brink themselves lol, and barely managing to get by while taking on enormous risk."
If the business owners aren't earning any money then they aren't paying taxes, aren't using their dividends to pay for things, and aren't contributing anything to the economy, especially if all their workers are on starvation wages and food stamps. Their employees in turn are also not paying taxes. They are actually taking from the economy by throwing away good money after bad. Their eventual bankruptcy from having such a shitty exploitative business model will only further harm economic strength.
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