Originally posted by DREDIOCK
In a way I can see the point. The disparity in large corperations has reached a point of absurdity.
Easy solution. Dont just raise the minimum wage.
double it and increase corperate taxes.
and maybe install some sort of outsourcing tax.
Whereas you are taxed at a higher rate if you outsource jobs overseas
I have no problems raising taxes on corperations. Only on individuals
Great solution!
The corporations will go right out and fire half their minimum wage employees, if not more. Then they'll go ahead and increase the cost of products to cover the costs of the new corporate taxes. Ontop of that, they'll increase prices even more to cover the raised costs of the outsourced jobs. The jobs they outsourced to keep prices for US low in the first place.
To sum up, about half of the minimum wage population will be out of a job and to just throw salt on their wounds, everything will cost twice as much.
Ontop of that (as if it couldn't get any worse), all salaries will decrease. Due to Supply and Demand and there being a sudden influx of supply, the amount of money an employer would have to pay to retain an employee just drops sharply.
Good job dred, YOU'VE JUST CRIPPLED THE NATION WITH YOUR SOCIALIST PROGRAMS.