sc94597 said:
VGPolyglot said:
Superquagsire said:
This is exactly why i can't back someone like Bernie Sanders. He fforgets that raising minumum wage will hurt our economy more than he thinks. No one will be hiring and lots of people are going to get laid off. And we already have a high unemployment rate so it will hurt so many people rather than benefit.
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How? The billionaires and multi-millionaires have more money than they will ever use, so how is giving that money to the less fortunate people goign to hurt our economyÉ
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The bolded is a false premise. They are going to use the money by investing in savings or spending it in the short term.
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No, they are not. Bill Gates is going to go to the grave with billions of dollars. Also they are going to spend it in the short term with mansions, yachts, vactions, etc. I don't understand why so many people are fine with such huge gaps in income inequality. If you think that increasing the minimum wage is a problem, then we should instead make the rich pay much more taxes to help subsidize the poor.