The2ndAmendment
Gold Member
Many of us talk about the economy, leftists talk about a "living wage," and righties (who deny the existence of such a thing) often talk about "wage stagnation." One often wonders how righties can talk about "wage stagnation" when they deny the existence of the concept "living wage."
Well, here's my definition, and it's best that we all have a non-partisan definition from which we can measure economic success for the common man (this definition is localized, meaning it is relative to location where one lives).
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Now for my opinion:
With over 155 taxes on a loaf of bread, and steady inflation from the money printing presses, there's no doubt that most American males cannot procure the Living Wage that they should earn.
In my opinion, that rapacious taxation of the modern welfare state (money printing INFLATION is also considered a tax) has made the current wages that were OK in the past incapable of fulfilling the above definition today.
The answer is NOT to increase the minimum wage...because the minimum wage to 2014 was more than enough for a man to provide for his family 50 years ago. The answer is abolition of the welfare state, the repeal of the Regulation police and the REPUDIATION of Keynesian economic policy.
Well, here's my definition, and it's best that we all have a non-partisan definition from which we can measure economic success for the common man (this definition is localized, meaning it is relative to location where one lives).
"Living Wage: A wage that allows a man to support a stay-at-home wife and two children by being able to pay rent, electric, heating, water, laundry, basic healthcare and three good meals a day in the place he currently resides."
Notice that the following are not present: Mortgage, car-gas, car insurance, premium health insurance...etc...because you have to work harder/improve your skills/education for these things.
----------------------------------------------------------------------------------
Now for my opinion:
With over 155 taxes on a loaf of bread, and steady inflation from the money printing presses, there's no doubt that most American males cannot procure the Living Wage that they should earn.
In my opinion, that rapacious taxation of the modern welfare state (money printing INFLATION is also considered a tax) has made the current wages that were OK in the past incapable of fulfilling the above definition today.
The answer is NOT to increase the minimum wage...because the minimum wage to 2014 was more than enough for a man to provide for his family 50 years ago. The answer is abolition of the welfare state, the repeal of the Regulation police and the REPUDIATION of Keynesian economic policy.