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obama wants to raise minimum wage to 9.50
hows that for inflation and an economic blunder?
if we raise minimum wage .50 cents, we have to raise everything else to compensate (unemployment taxes, etc...)
it's like connecticut x 50.
corporations say,'sure we'll raise wages. it'll cost me $250,000 to do it, so i'll just lay off 5 people. no problem. but then because everybody gets the raise, my profit margin is lower, so then my bottom line is smaller, so i'll lay off 5 more people...' and so on, and so on, and so on...
nothing can fix economy like government taxes!
as long as obama doesn't touch my retirement (doubling my capital gains tax), then i'll be ok.
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The strongest argument against democracy is a 5 minute conversation with your average voter. - Winston Churchill
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