I do support raising the minimum wage but what I support even more is lowering the cost of living.. Stop banks and real estate agents from speculating on properties and commodities. Rents and prices on vacant properties are doubled and passed off as cheap. Capitalism is greedy at its core...
After banks and real estate agents have gotten their cut landlords have no other option but to take their cut and raise rents to exorbitant amounts. There is the same problem with used cars. Everyone needs a cut out of the deal before the consumer gets a chance to bid on a commodity.
I would really prefer the cost of living to go down then the wages would be reasonably sufficient.
What good is a wage increase if the cost of living increases with it?
A wage increase only divides Americans more from other countries.
How can a McDonalds sell a burger in a third world country for a few dimes where it costs a dollar up to 5 dollars and more in the US?
Speculation...
Commodities are bought, sold, resold and bought again long before the consumer gets a chance to buy it. In this process prices soar and the divide of global consumer prices expands even more. China is not necessarily devaluing their Yen, the US is over valuing and inflating commodities.
I think raising the minimum wage is perhaps the wrong approach we need to lower the cost of living by getting these multiple profiteers out of the process. Lowering the cost of living would help consumers more than a wage increase. An extra few dollars an hour will only embolden the banks and speculators to take an even bigger cut as the process escalates out of control.
In a world of inflation, proved throughout history, the only products or services for which costs will be reduced is by a) competition, b) outdated, c) reduced demand, and d) reduced utility.
0 Replies
izzythepush
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Wed 29 Jan, 2014 11:37 am
@RexRed,
A burger is a burger? In Turkey McDonalds burgers are made from lamb.
I got a good bank, it is a credit union. I have not been to my bank in over a year in person. A few days ago I bounced my account by a dollar and seventeen cents. When I got to the credit union the banking specialist knew me by name and she dropped all overdraft fees. That is the difference between a big bank and a local credit union.
I have a question, is "capitalism" in the United States Constitution? And where? How is capitalism constituted in our society?
0 Replies
RexRed
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Tue 11 Mar, 2014 02:40 pm
FB Opinion: "Time will tell, but whatever the result, a new chapter for public banking opened in Vermont last week, and the idea is bound to spread. There is no good reason for the people's money to be used in ways that don't benefit the people." http://alj.am/1kbaqX4
"The problem with the French is that they don't have a word for entrepreneur." -George W. Bush, discussing the decline of the French economy with British Prime Minister Tony Blair
