Thursday, May 01, 2014

Why is a minimum wage required in the USA?

Capitalism. It is the basis of the USA economy. The government is operated on taxes. If there is no income to the people of the USA what happens to the government? The minimum wage cannot be eliminated from the American Landscape. It would remove revenue from the USA Treasury. Anyone stating they want to end the minimum wage is committing treason.

Think about what is occurring now in the USA. Corporate welfare. Companies are using the food stamp and Medicaid laws to pad their profits. That is adding to the USA budget deficit and the national debt. That isn't hurting the country? 

I don't see these companies paying the interest on the national debt.The people of any democracy need to earn a living wage to keep them off the welfare subsidies. We have growing poverty in the USA. Increasing the minimum wage will elevate the incomes across the board. When the minimum wage goes up it drives other wages higher. When Americans have good incomes, the USA can pay down it's national debt. In order for the USA to pay off it's debt there needs to an increase to the revenues of the USA Treasury. How does that happen? Taxes. 

There is an obligation in any democracy that has capitalism as the base of their economy to maintain the quality of life of their citizens. That quality of life supports the government as outlined by the USA Constitution. Either we are country or not. Dissolving the tax base of the country is dissolving the very existence of this country.

Raise the minimum wage so Americans can pay their bills and the USA Treasury, too.

The other alternative is a communal country where everyone volunteers their services and in return there is housing, food and health care. That can create problems in the ability of the country to provide 'equitable' services to everyone. The entire idea of removing the minimum wage is not a viable idea.

The only way for government to mediate capitalism is through legislation and regulation. Those government activities are a requirement, not simply political dogma. Anyone unwilling to increase the minimum wage is not interested in the best interest of Americans or the country. 

If there was no minimum wage, the USA would immediately enter into a recession. Businesses would have no reason to even entertain the idea of making investments in the USA to achieve profits. There would be no 'base income' in the USA to support growth when the population increased. The economy would stagnate and recession would be compounded over time. 

Any politician stating they want to end the minimum wage is not serious. If they state they are serious then they don't care about the country and/or understand the basis of the USA economy. 

What would happen to the USA economy if it were completely automated and there was no work for citizens? What would happen if there were no more paychecks? No more taxes? What would happen? Would the USA maintain sovereignty? 

The entire idea of complete automation and neglecting the responsibility of providing wages to Americans is nonsense. It is complete nonsense.

Do Congressmen and Congresswomen want to keep their jobs? Because if they don't uphold quality of life and upward movement, including education, of citizens they won't have a job. There won't be income into the USA Treasury. The SURE WAY of bringing about a society that thrives on good wages is to end government borrowing. Why? Because government borrowing supports itself without realizing there needs to be a tax income from the country. The USA is of, by and for the people. That means the citizens have to support their government treasuries. Americans don't only need raises, but, so does the USA Treasury. 

To cut taxes when USA Treasury income can't supply the services of the government to the people is simply rhetoric. If the USA Treasury was supporting the government infrastructure while paying down the national debt, then and only then should tax cuts be a topic of political discourse. At this point, the government needs to close every loop hole possible and increase the income to the treasury. The best way to increase the income to the treasury while reducing American's reliance on government programs is to increase the minimum wage.

Americans have check books. What pays the bills? Money. Do Americans believe if they reduce their income they could continue to pay their bills and find upward movement to instill growth? Of course not. If an Americans income is reduced for whatever reason, spending loopholes would be closed in their budget, wouldn't it? Government is somewhat more complex because of it's size and scope, but, the dynamics aren't that different. 

The USA has revenues and it has expenditures. It has programs of national interest like the space program. Would Americans consider ending the space program because it is a national luxury? It would be foolish, wouldn't it? There is economic growth within a luxury called the space program. There is now opportunity for private industry. There are jobs.

Is a country's interest important to national pride in realizing who we are as Americans and the country we love? I could go on and on about the responsibilities and activities of government. Americans have to weed through the political rhetoric and hubris to best understand their government and who would serve their best interests in elections.

Private industry is allowed to exist in the USA and earn profits, but, the people are not allowed to suffer all their lives because profits are more important than economic growth and OPPORTUNITIES for Americans. We are a country of people, not private industry or virtual realities.