LamarkNewAge writes:
The minimum wage isn't the best way to raise wages. It artificially raises wages above the market rate, and that causes issues.
Because the minimum wage is far less than a living wage, the greatest amount of welfare does not go to those most in need but is rather is devoted to corporate welfare for those least in need. This is due to the rapidly disappearing middle class in the USA being forced to subsidize minimum wage workers with various anti-poverty programs such as food, heating, medical, and housing assistance for which they are taxed at around 30% of income from honest labor while the rich like Mitt Romney brag about an effective tax rate of 15% of their income (if even that), including the cost of bribing immoral and unethical politicians, on their so-called investment income in the Cayman Islands.
If the primary source of funding for the operation of all government programs at the national, state, and local levels -- including medicare, social security, defense, national parks, road maintenance, hospitals, law enforcement, courts, fire protection, education and so on are diminished due to lack of a sustainable tax base, then so is the quality and sanctity of human life due to civilization.
This is why income inequality, the greatest threat to economic health and therefore national security, is the greatest threat to the people of the USA instead of Daesh, Putin, guns, or immigrants.
Edited by anglagard, : inadvertent double use if word income
Edited by anglagard, : add middle paragraph for clarity
Edited by anglagard, : Modify second paragraph for, once again, clarity.
Edited by anglagard, : replace on 15% with of 15% for accuracy -- signed master of post post editing
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