jkrane wrote:
Oh man! Even everyone in Canada is #feelingthebern. Oh lord! 15$/hr minimum wage and all the socialist policies that perverted nutjob, Bernie is going to enact in the United States. Socialism has failed 100% of the time it has been tried in every country. 15$ an hour minimum wage will make your burger combo cost 20$ instead of 10$. Chances are he will be soft on illegal immigration and crime, and violent crime will go through the roof, and police budgets will be too strained to help the every day citizen.
Taxes will obviously increase, but they will be increased on the millionaires who create middle class jobs, and also everyone else. With higher taxes, there will be less consumer spending, so there will be less government revenue. So taxes will be raised further, and then there will be even less consumer spending, and the economy will go into a negative death spiral, and there will eventually be no money for the so-called social services Bernie is offering, and businesses will close, because no one will have 20$ to spend on a burger. The only people who benefit from Bernie's policies are big businesses who CAN AFFORD THE HIGH TAXES AND THE REGULATION FEES that accompany any left leaning democratic socialist government.
The average employee suffers because there is much less room for entry level employment, if the minimum wage is set so high. This creates a welfare dependent underclass, a serf labour class, a wealthy professional minority, and a very tiny ultra wealthy minority, who controls, monopolizes, and profits from everything. Eventually this welfare dependent class grows, and less people are able to make meaningful contributions to the economy, resulting in business slowdowns, shutdowns, resulting in shortages of essential goods, like in Greece and Venezuela.
A vote for bernie, and your wallet will #feelthebern
If you think Bernie's a nutjob, that's your choice, but perverted????
As for raising the minimum wage being a bad thing - - how then will more income go to the average American, rather than just staying in the bank accounts of the financial elites? After all, the more money workers have, the more they can spend. Incidentally, the real failure is Reagan's trickle down supply side economics, which in fact never trickled down prosperity to workers as was promised.
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-Bill, otherwise known as Kraichgauer