08-09-2018, 06:40 PM
(08-08-2018, 05:52 PM)bfine32 Wrote: And if we raise everyone's wage then the poverty line will raise along with the price of goods.
A raise in minimum wage will have a very small effect on the price of goods, and that increase in the price of goods will be spread out over the entire 100% of the population.
(08-08-2018, 05:52 PM)bfine32 Wrote: Being outraged and hoping for magic is not going to fix it.
Was our economy based on "magic" in the 50's and 60's where we had a much higher tax rate at the top and much less wealth disparity?