Rambunctious
Diamond Member
- Jan 19, 2010
- 72,802
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We tried that for 8 wasted years.....it didn't work....go buzz a pond someplace....DragonflyGiving tax cuts to millionaires stifles growth. Raising minimum wages puts more money into the hands of workers and increases demand for consumer goods. Increases in minimum wages increase job growth, and consumer spending.
Poor people spend every dollar they get which helps the economy. The rich invest, but corporations are awash in cash and investment isn’t creating growth because of lack of demand. There is a lot of pent up demand for consumer goods for low income workers but no disposable income. Releasing that pent up demand through higher wages would be an enormous boost to the economy and it would increase government revenues as well