Minimum Wage

(9:0:59) Sat Feb 16, 2013

Minimum Wage 
Secret Revenue Enhancers

By raising the Minimum Wage, the Democrats are expecting to increase Revenues without increasing Tax Rates. The increase means more Tax dollars collected, ignoring the fact Prices will increase; Inflation is the result of a deflated Dollar. The proposed 25% increase in Minimum Wage will result in price increases nearing 50% due to increases in material, part, and component costs, transportation and warehousing fees, along with a host of other layered dependencies.

The Poor think the Government helped them by keeping their promise not to raise taxes despite the fact the greater income buys less because businesses have to adjust their prices upwards, and a snowballing effect occurs. This does not bother or hurt the Democrats because they get to continue demonizing corporations and are thanked for the handout. Their reelections are almost guaranteed because the general public remains uneducated.

News outlets need revenues too, and advertisers are not going to support them unless they can show interviews with top leaders in Congress. The Democrat Party is keenly aware of this, and gives the media what they want in exchange for support of their political spin and agendas.

The people remain hostages to this tag-team. A hellish three-way of a Political Party, the mainstream Media, and Hollywood.