RE: "They'll just raise prices if thy raise the minimum wage."
April 14, 2014 at 12:01 pm
(This post was last modified: April 14, 2014 at 12:07 pm by Heywood.)
(April 14, 2014 at 11:38 am)Pickup_shonuff Wrote: That's a major problem, that much of the money earned by the super rich goes into a savings account and never funnels back out into the economy.
Do you think the super rich are like scrooge mcduck and have rooms full of gold coins and dollars that they go swimming in? Negative Pickup.
The rich invest their money back into the economy so that they can get more money....to invest back into the economy...and so on. Very little of rich peoples money is actually in the form of goods and services.
Most goods and services(the things that really matter when it comes to standards of living) are in the hands of Joe six packers.
Most wealth is on paper. If you took the stuff that the super rich actually owned that made peoples lives better....like cars, houses, jewels, boats, etc. and divided that among the poor, it wouldn't make significant difference in people's lives. The rich just don't have enough stuff.
(April 14, 2014 at 11:53 am)Cthulhu Dreaming Wrote: I wouldn't look to the 35m salary of Walmart's CEO looking for crumbs for their employees - I'm looking at the 118 billion in gross profits (12 month period ending 31-Jan-14. Increasing their operating expenses by a billion or two is going to be hardly a blip on their P/L statement.
What do you think happens with that 118 billion? They open stores and distribution centers with it. They create jobs and make it possible for people to have access to markets were goods are affordable.
