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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: ted birnbaum who wrote (59381)9/25/2000 8:43:33 PM
From: flatsville  Read Replies (1) of 99985
 
OT ted--

>>>I for one am a believer in what is known as free enterprise where market forces determine things like wages.<<<

Nice sentiment. Free enterprise, free markets. I would dearly love to liberate American Business from all the special tax deductions, benefits and credits, hinkey accounting rules, govt. subsidies and assistance programs and protectionist trade policies. But, I don't think American Business wants to quite "that" free. In fact I think American Business would scream bloody murder. So, if American Business can get govt. support why not the American Worker?

When employers fail to pay a living wage we all pay, either through largely ineffective fraud ridden programs like EIC, high real estate or personal property taxes to service the poor on a local level and/or as victims of crime.

>>>Things like EIC and minimum wage serve only to keep a a political power base imo.<<<

These kinds of programs prevent class warfare. That's how I see them as "maintaining a power base."

>>>Govt cannot solve that problem
its been tried its more commonly know as communisim or socialisim.<<<


No. You get communism or socialism, the REAL thing, when you fail to solve the problem.

As a middleclass taxpayer I want employers to pay a living wage so I don't have to subsidize their appetite for bargain labor by servicing the poor with my tax dollars.

Maybe you think we should do nothing for the poor? No minimum wage, no living wage, no food stamp assistance, no subsidized health? Unless you plan to do away with them all somehow you may be see communism or socialism, the REAL thing, some day.
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