Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bert
The reason for the $15 minimum wage is to induce general wage inflation to cause general inflation that will ultimately devalue the US$ and thereby devalue the national debt

I think you're on to something with this analysis. Forget the self-righteous actions of the Left, and dig deeper to what their puppet masters really want. Massive inflation. 1970's style inflation. 10% per year kind of inflation.

So what if burgers are $1,000 (just $1,500 with a side of fries!). The trillions of dollars of debt will melt away to nothingness for the banks and government. It comes at the expense of anyone who saves, but what do they care. They're not enough savers to make any difference in an election.

I can see the future. Every man a millionaire, but living in a cardboard box.

15 posted on 05/29/2015 4:54:18 AM PDT by Flick Lives ("I can't believe it's not Fascism!")
[ Post Reply | Private Reply | To 10 | View Replies ]


To: Flick Lives

The cities of Seattle and LA have mandated the minimum.

Why.....

well, there are pension debts owed and no way in hell there will be money to pay them. If the pension values are devalued, then the cities benefit. If the pensions aren’t devalued, like Deeetroit, the cities are toast

The benefits to out of control politicians are huge


18 posted on 05/29/2015 5:12:18 AM PDT by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... No peace? then no peace!)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson