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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (9850)	2/7/2017 1:33:57 PM
From: i-node	Read Replies (1) \| Respond to of 361827

Stiglitz and Reich are both ideologues. Stiglitz is worse than Reich and just about anyone else. While Reich's beliefs are out there, Stiglitz appears to have no economic basis at all for some of his bullshit. These are not great minds in economics. The fundamental problem is the absurd belief that billionaires in an economy somehow deprive people from having their "fair shares." There is no reasonable theory on how such a thing would happen and certainly not any that has been proved.

To: koan who wrote (9850)	2/7/2017 1:37:06 PM
From: Wharf Rat	1 Recommendation Recommended By TimF Respond to of 361827

"Stiglitz touts the merits of an increased minimum wage" A lot of us tout the benefits of an increased MW. I'm perfectly happy with the way we are doing it in Calif. I don't want to see it go faster, and I don't want to see Kansas or Louisiana do what we are doing. New Orleans, maybe; the state, no. Stiglitz was pushing for $10.10, not $15; I'm not sure how fast a time-frame. As for Reich, he doesn't care if my town shuts down; none of the jobs are worth keeping. I'm not sure that's moral, but, whatever. I guess he thinks raising it is a moral choice, and closing down is an economic one, which doesn't count. His argument comes up a bit short. Robert Reich: A $15 minimum wage is the only moral choice If a wage increase eliminates jobs, they probably aren't worth keeping, argues the former secretary of labor salon.com