Poor people dont overspend. That is the opposite of the issue.Raising the minimum wage is a symptom of the problem.
I support a small, limited government that lives within it's means. But because they don't live within their means, minimum wages have to increase, along with the other wages. To keep up with the constant increase of inflation that comes from spending beyond their means.
This is easy stuff here. Why is there any disagreement? Inflation is simply too much money in the economy. And this is the fault of the governments overspending.
Overspending causes inflation to go up. Then wages have to go up. Then prices have to go up. And just about the time things start leveling out and people & businesses get used to it, the government dumps trillions more into the economy and the cycle starts over again.
We have been overspending for decades and guess what? Tame inflation - covid years the only exception. That is because of productivity. Inflation IS NOT AN ISSUE. The issue is the concentration of wealth to a very few people has rendered the middle class obsolete. There are no required pensions anymore there are no required living wages and no required profit sharing. The result is low wages, no future income stream, no savings, no sharing in the wealth. Union busting killed this country… not the deficit.