Saturday, July 21, 2007

The primary goal of the new socialists ...

... is to turn the American middle class into the poor.


The linked article details the upcoming minimum wage increase. I never realized that just 1% of American workers make the minimum wage. It seems like we have a natural bell curve going on with the highest salaries also representing around 1%.

The article also states that John Edwards wants to raise the minimum wage to $9.50 (Presumably to bolster incomes so that people can afford his tax increases). Increasing the minimum wage to $9.50 would rationally do one of two things: either 1) create a cascading effect through the economy that raises wages for everyone and just ends up leaving us in the status quo after the prices adjust to increased labor costs or 2) squeezes out hardworking middle class workers who would say, "why am I working in a hard job where education is required when I can just work at McDonald's for almost $10 per hour?"

Either way, the end result is nothing but more power in the hands of government, less capitalistic force in the marketplace, and the same amount of people in poverty.

When will the socialist wing of the party of Truman and Kennedy admit that they don't care about the "average American" because they are too busy trying to push that average person to the shallow end of the pool where the government can control them?

LINK: http://www.msnbc.msn.com/id/19889276/

NOTE: While John Edwards is staking out positions somewhere left of Karl Marx, darling Obama stays in the grey area between silence and saying absolutely nothing at all. Obama is more worried about eliminating words and phrases from the lexicon ("working poor") than he is about doing anything.

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