Marvin Defined

Monday, September 1, 2014

Minimum Wage

In the 1980's Reagan gave the rich tax breaks so they would take the money saved and hire people thus stimulating the economy. It was called Trickle Down Economics. In the 1960's Johnson perpetuated the welfare state, started by Roosevelt to help the poor. So I have been told that if the minimum wage is raised, that more poor people will not be on welfare, and they will put more money into the economy thus stimulating it. Isn't that called trickle up economics and hasn't it been tried before? Like 50 odd years ago? So am I to believe like the rich the poor will spend the money to stimulate the economy, instead of spending it on items that don't figure into the economy? Hmmm, are the poor people any different than the rich people. Just a random thought from the West End.

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