Also, unemployment will increase, as will the cost of goods and services, essentially lowering everyone's buying power, which is the opposite of helping people.
But then we'll figure out who all the assholes are who can afford to give their employees the raised minimum wage, but claim, "they can't afford it". Yeah Mr. CEO of Walmart, you can't afford to give your employees a livable wage, keep telling yourself that, buddy.
Except it won't. Most fast food chains and places like Wal-Mart and Target (and this goes to show just how fucked up K-mart was), have yearly profits (profits, not revenue), anywhere from $10 to $50 billion. You know what happens to all that profit? It goes to the top 100ish shareholders. They have plenty of cash to spare w/o raising the price of goods.. except for the fact shareholders keep expecting an inflated and frankly unsustainable ROI on their investment.. and shareholders come first, as they literally finance the company.
Look at what happened with healthcare over the past 6 years and how screwed what happened was. The ACA was broken; again, allowed for regional monopolies and non-competitive drug pricing... price gouging increased 50% within 6 weeks and none of it followed the intended framework of the ACA.. then all those profits went to shareholders that literally starting making formal complaints they weren't seeing the expected rate of return on their investment while
those companies were making record profits and those shareholders were seeing what was basically tulip-mania with their share prices.
I'm not a socialist, even though I advocate for better management in social programs, but healthcare alone is just another in a long list of examples why extreme capitalism (on life and death, none the less), doesn't work either.
That ain't capitalism. You just outlined how government interference fucked it all up.
And I don't give two shits about Walmart, the state killed my aunt's restaurant while simultaneously giving billions to Walmart and such. None of that is capitalism.
Look to Seattle to see examples of waged and hours being cut. Look literally everywhere in the US wages were arbitrarily messed with by the government to see unemployment rises, too.
@famousone that's an utterly free-market. Pure capitalism; the only motivation is capital investment. What I find so weird about our conversations is we actually appear to agree on most ideas, just the expression of those ideas and the definition of words. I feel like a goddamn dictionary sometimes; my bad on that bro.
And yeah, corporate welfare has gotten to the points I would have truly imagined would be unachievable in the US. I'm sorry about your aunt's restaurant :x I do sincerely have her standard of happiness in mind, same as I do for millions of my countrymen. If there are leftovers, we did a good job and nobody has to deal with scraps.
Gotta add tho, you have a serious fascination with Seattle. Not everyone that disagrees is from Seattle.
Look at what happened with healthcare over the past 6 years and how screwed what happened was. The ACA was broken; again, allowed for regional monopolies and non-competitive drug pricing... price gouging increased 50% within 6 weeks and none of it followed the intended framework of the ACA.. then all those profits went to shareholders that literally starting making formal complaints they weren't seeing the expected rate of return on their investment while
I'm not a socialist, even though I advocate for better management in social programs, but healthcare alone is just another in a long list of examples why extreme capitalism (on life and death, none the less), doesn't work either.
And I don't give two shits about Walmart, the state killed my aunt's restaurant while simultaneously giving billions to Walmart and such. None of that is capitalism.
Look to Seattle to see examples of waged and hours being cut. Look literally everywhere in the US wages were arbitrarily messed with by the government to see unemployment rises, too.
Gotta add tho, you have a serious fascination with Seattle. Not everyone that disagrees is from Seattle.