ArcticGranite
Well-Known Member
You can't raise the living standards of the poor by giving them wage increases, that's stupid.
It causes inflation and really only screws the people with less money.
Think about it, if you stole all the rich people's money and then gave everyone a million dollars, all of a sudden a burger costs $2000...and who has actually gained out of it?
Noone... savings would be wiped out, the banking system would collapse and the dollar would become worthless.
I beg to differ. You propose wage increases cause inflation. Chicken or egg, cart or horse? I propose inflation causes wage increases. As in not worth a continental. QE 1,2,3,4. Take your pick. And long before our recent recall also. Fractional reserve banking printing fiat money. Printing money with no value, (most created $ is digital and not in circulation), is The definition of inflation. The money supply is inflated, (inflation) by definition. It is the unseen, hidden tax that gouges us all. Sleep on your cash and it loses value quickly. Won't buy what it used to. CPI, is used to bring wage in line with inflation. Although that doesn't work in most wage earners favor either. Infaltion happens, CPI follows.