Only the right wing prefers to use capitalism to punish rather than encourage higher paid labor to pay more in taxes and create more in demand.
As I have already
proven from the Seattle Times article, artificially inflated labor costs results in reduced hours and increased unemployment. All of which results in less purchasing power and less tax revenues.
Youāre nonsense is the perfect illustration of why left-wing policies collapse economies!
in the short run; that is what unemployment compensation for simply being unemployed is for; fourteen dollars an hour make your right wing special pleading, a mere canard.
Ok...so now you just admitted that it lowers purchasing power and taxes (at the very least āin the short runā). So with lower tax revenues due to your socialist idiocy, you then want to pay all of those newly unemployed people $14 per hour.
More government costs. Less government revenue.
Doesnāt take a āmathematical engineerā to figure out those numbers cause an explosion in the deficit (when we already have $21 trillion in national debt). And that doesnāt even account for your astounding ignorance of believing that paying people āXā amount of money not to work and then taking āYā amount back from them results in a huge
net loss in tax revenue.
If Iām the government and I pay you $100 a week and take back $30 a week in taxes, Iām not up $30. Iām down $70, you mental midget.