Quote:
Originally Posted by NTJedi
Providing tax breaks to the rich won't bolster the economy or provide higher wages. Increasing minimum wage has not improved the lives of those working minimum wage as the rest of the market adjusts upwards as well... the $1 menu's from fast food restaurants have been disappearing as a result. Another bad side effect of increasing minimum wage is other businesses don't match the increase... thus if you're earning $6.25/HR and minimum wage is increased from $5.00 to $6.15 you're out of luck and closer to the poverty level.
|
I'm pretty sure that you're well aware that the purchasing power of "minimum wage" has been eroding for decades now?
That is to say, that we are not keeping pace with the cost of living. Not only that, but as you point out, many middle-wage jobs don't even see the corresponding increase, thus we experience the phenomenon of a shrinking middle class, and more people at or below poverty level.
But poverty, is a mutable point. If I were to pay 100% taxes, but have a decent place to live, healthful food on my plate, and an ID card that let me into movies, and let me pick up a few luxuries here and there, why would I complain? People ultimately complain about taxes because of how little they see in return.
Our approach to taxation and spending is entirely backwards for this day and age - and the lack of serious accountability ruins our government's chances of success.