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The real question here is why are low paid people unable to keep up with the cost of living. What is pushing the cost of living higher than a minimum wage earn
by brc 11y ago
The real question here is why are low paid people unable to keep up with the cost of living. What is pushing the cost of living higher than a minimum wage earner can be productive for?
The answer is taxes and regulations. Taxes make everything more expensive. Regulations choke supply of everything from energy to land. Of course, some taxes and some regulation is necessary. But the first thing to do is to stop adding more taxes and regulations. Nobody can seriously believe that adding more taxes and regulations are going to make things better, so the first thing to do is halt and reverse direction.
- ddingus 11y agoNo. We need those things. A robust, wealthy society does not come for free. Taxes fund all of that. Regulations are necessary too. Without them, we will experience very significantly higher risks and with those come costs. The reason is simple: They are not getting paid enough. Wages in the US have been essentially flat while most everything else is on the rise, including profit.