The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.
Raise the minimum wage to raise more tax revenue.
Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.
Yep. When you increase the minimum wage, you increase everyone else's wages because minimum wage by definition goes to the lowest value employees. So you have to pay the others proportionately more.
Then their companies raise prices and it all balances out again. Then a Democrat raises their hand and says I have an idea, let's increase the minimum wage ...
The problem is that's best case for low end workers, that it just doesn't work. The reality is that businesses constantly use those increased costs to streamline, optimize and automate processes. Which results in fewer low end jobs.
The low end workers are actually the victims of minimum wage increases. Democrats of course don't care, it was never about helping anyone. They want them to be poor so they stay Democrats