SobieskiSavedEurope
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- Apr 13, 2017
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You think that if there was no minimum wage the capitalists would pay a higher rate for labor?See, the wealth inequality, the labor force participation rate, and all these problems the government tries to fix but only makes worse?
It's much, MUCH more complicated than that.
You absolutely can't get rid of the minimum wage while the Federal Reserve still exists.
You can't just justify socialism for the rich, while denying it to the poor.
As long as corruption is legal in our government, there will be no solution for these problems.
Dollar Devaluation since 1913
Posted on January 23, 2012 by Michael Smith
Dollar Devaluation since 1913 - Compare Gold and Silver Prices". . . How does the Federal Reserve devalue the dollar? By printing more money. Printing more money causes monetary inflation. That means there are more dollars in circulation, but just because there is more paper money floating around, that doesn’t mean value has been created. All you really get is price inflation. Here’s an extreme example: Let’s say the Federal Reserve just gave everyone in America $1 million. Wouldn’t that be great if everyone in America became a millionaire over night? Unfortunately, nothing would change, except prices would increase. Think about it. How much would you have to pay the plumber to come to your house, if he’s already a millionaire?"
Government elites allow this, because it makes the debt easier to pay off at the expense of the poor. The wealthiest in the nation do not care so much.
On top of this, the rules of the game are rigged in favor of those who control the system. Corruption is LEGAL.
This is why you have socialism and subsidized risk for the elites, and a free market for the poor.
The American Way: Socialism for the Rich, Free Enterprise for the Rest
End the FED, make corruption illegal, and then yeah, if you abolish the minimum wage, you would probably find that economic growth and protection of union's rights in the free market would more than force employers to pay what labor is worth.
It worked in the past, there is no reason to think it wouldn't now. The metrics I have just shown are the reason wealth inequality is getting so bad, not because "capitalism" doesn't work. It is because the ruling elites and government have concentrated their power. And now they are fooling the masses into giving them more, and concentrating their power further, instead of taking their power away.
Yep capitalism has failed the American people. They won’t tolerate a system that favors the few over the many much longer. It’s already happening.
"Yepcapitalismfascism has failed the American people. They won’t tolerate a system that favors the few over the many much longer. It’s already happening."
fixt
Fascism manages corporations by the state, that's the opposite of what we have where corporations manage the state.