Moonglow
Diamond Member
not enough deflation for my wallet...There is no unemployment under Capitalism, only underpayment.You're treading down that same road. I told you then and I'll tell you now. If a company, or a group of companies in an area, can afford to pay higher wages, they can do so without going out of business. Ford could do it because he could afford to do it. Seattle is wealthy and can accept higher prices to pay higher wages. Try setting the MW to $15/hr in poorer areas and you would see higher failure rates. Only in a leftist's fantasy world can you simply dictate higher wages with no consequences.Seattle's unemployment doesn't support your hypothesis.I've destroyed you on that before. Have you forgotten so quickly?
In fact, this is the best way to set a higher MW. Let different areas decide for themselves where to set it.The only downside I see is taking on $1.5 trillion in debt to fund that tax cutYou cannot ignore practical reality. Only in a fantasy world can you quickly jack the MW that high with no or few negative effects. If you want a guaranteed income, be honest and create a welfare program. Companies should not become welfare distribution centers.
I have no issues with doing it incrementally over five years
But you will notice that 50% tax cut for employers was not done incrementally
That's because a tax cut doesn't increase a company's expenses dramatically. There's no massive downside to doing it.
That qualifies as massive
Thats funny though because that's 1.5 trillion over 10 years...and that's unacceptable according to the radical libs. O doing QE to 6 trillion to wall street was all good in the hood.
QE was hugely successful in restoring the economy without inflation or devaluation of the dollar