Originally posted on 11/24/2013:

You guys assume too much and take any view to an extreme example as first defense.

I am talking about raising the standard of living of the poorest because it is a very easy way to improve the standard of living of all.

Here's an easy example.

USA is a rich country. It can support a high minimum wage. At least equal to the European average say.

Sure it makes things cost more. But businesses dont go bust, they just charge more. Wage levels increase all through the market, but from the bottom so the low and middle income workers average incomes are a little closer to higher incomes than you see now.

The extra money (consumption) this creates more than offsets the 'costs'. There are no costs long term. its a no brainer investment.

And you can argue all your drastic scenarios till your blue in the face. But this shit is not theory, this is exactly what has happened in countries like Australia, Sinapore, Canada, Ireland and more.

And i generally vote the equivalent of republican party here btw.