JerryBoBerry said:
SeraTonix said:
When you're advocating a system that has an unlivable minimum wage AND requires 4-8% unemployment to thrive then you need a social safety net by default.
If the economy is helped by having people who have money to spend, there is no better stimulus than giving poor people money. They don't go out and save it. I assure you. They spend it. It circulates. Give it in a tax break to some already wealthy person and they put it in their savings account or RRSP, the economy only sees it again as investment from the bank its held by if at all.
The only problem with that theory is the overwhelming number of the working force are lower middle class with no savings to speak of. So they don't have savings accounts to sock it away in. All this system does is take away dollars from those that are in need of it but who have earned their money, then give it to others in need who haven't earned it. Doesn't help the economy, only hurts it worse.
I don't know what you're referring to really here. It seems kind of like we're making the same point in completely different ways. I wasn't saying that the poor, working poor and lower middle class were going to save money, I'm saying that they're almost incapable of it in this society because of the way that it is organized (necessary unemployment rates, and criminally low wages).
There are two basic ways to help them. Equalize their inadequate wages with tax redistribution, or raise minimum wages and improve the types of jobs found in our economy. Basically, redistribute or enable them to make their own money.
North America seems incapable of this.
What really disturbs me is the way the American tax system is set up to ensure that the wealthiest people retain as much of their wealth as possible, which is made on the backs of the minimum wage workers who often work without benefits.
http://www.theatlantic.com/business/arc ... nt/252838/
Were you aware that people pay different (lower I believe) taxes on wealth gained from investments? Honestly. I think people should pay a lower tax rate on money they actually spend their time earning rather than money you get because you have money in the first place.
http://www.youtube.com/watch?v=vttbhl_kDoo
Imagine a society where instead of organizing itself so that the wealthiest among us keep most of their wealth, society were organized so that no one is below a certain point, and however high people get is up to them. But no one falls below a certain income level.
http://en.wikipedia.org/wiki/Negative_income_tax
Our human resources are being squandered. We could be so much more productive and healthy and happy a continent. But the way things are and have been isn't working and is precisely what got us to the point where Americans have 50,000$ worth of debt per citizen.
The status is
not quo. This world is a mess and I just need ... to rule it. ._.
