WEEKLY SOUTHERN ARTS
"Sometime the boogaloo 
  • Home
  • Guns, Faith and Murder
  • The Million Dollar Store
  • Artistic Con-cepts
  • Judy Garland - "Soul Singer"
  • Robert & Jimi and the Twenty Seven Blues
  • The Great Pretenders
  • Imagine
  • Me and Junior Parker
  • The Republican
  • Sweet Home Chicago (The Obama Shakedown)
  • The Ballad of Hunter & Joe
  • The 22-yr-old Bottle Blonde
  • Is It Alright...To Be White?
  • Resist the Devil and He Will Flea
  • Music & Reminiscence
  • Lowell George searching for authenticity
  • A Telling Lie
  • Part One: The Monster Is Summoned
  • Like Billy Eckstein Singing to an Empty Club at 1:00 AM on a Saturday Night in 1975.
  • Bent
  • Kelly Joe Phelps
  • Why The Devil Don't Come Around No More
  • Hearing Junior Wells “On Tap'' one more Time
  • Muddy and Me
  • Unwitting Hypocrisy is The Best Kind of Hypocrisy
  • Excess Baggage
  • Excess Baggage pt. 2
  • Fake News Is The New Real News
  • The Death of Billy Graham and Manufacturing Consent
  • American Youth: The Rise of The New Media
  • Rosencrantz and Guildenstern Talk About Slavery and Shit
  • Just Smoke
  • Monkey in a Box
  • How The Children of Sal and Dean Destroyed The World
  • On This Cold Winter's Morn
  • The Crime of the Century
  • Evidence: What The Hell Is It?
  • They Were Pissed: America, Jack Kerouac, and the Beats
  • Negotiating The Maze Of Life and a Blues Shuffle.
  • Everyone Is Hitler (In their own Way)
  • The Mystery of The Giant Balloon Shark
  • Subterfuge and Its Discontents
  • God Debunks Global Warming
  • Day Two: God Continues To Debunk Global Warming
  • Strzoking Russia
  • The Al Franken Effect. Or, How to Destroy America and Lose Elections
  • The Big Maybe
  • The News Apocalypse
  • The Guitarticle (Guitar article)
  • The Nation of Lucifer
  • Slurring Pocahontas
  • Why Everything Good Said About Net Neutrality is a Lie
  • .....and behold, The Cause of Your Demise Is Upon You
  • The Trans-boy That Cried Wolf
  • Believe Nothing
  • Donald Trump Blasts The Heads Off Of Tiny Woodland Creatures
  • The Problem of Hypocrites
  • Roy Moore: Serial Pervert
  • I'm So Frustrated
  • The Devil's Whisper
  • Science Can't Dance
  • You're Gonna Have To Serve Somebody
  • Louie C. K.
  • Common Sense
  • Hunting For Witches
  • Living in The Age of "tRump"
  • The Devil is a Hustler
  • The Skinny
  • Eric Dolphy
  • ISIS Rode in On a Donkey
  • "The Manafort Indictment"
  • The Truth About the Middle East
  • Dennis Budimer's "Alone Together" Revisited
  • The Halloween Edition
  • The 20th Century Was Groovy
  • The Salesman
  • The Dossier
  • Elmore James
  • Isle of The Poor
  • The Patriarchy is Alive and Well
  • Moving Napoleon
  • Guns and Guerrillas
  • Playing Four
  • Hollywood and Scumbags
  • Why Everything You Think, Is Wrong
  • Killing Yourself With Terrorism
  • Being Liberal
  • Laced With Hate
  • A Message From Occupy Democrats
  • A Taxing Dilemma
  • What Really Happened with Aid in Puerto Rico
  • Colin Kaepernick and Beyoncé are geniuses. Part 1
  • When the Levee Breaks
  • The Second Coming of Anthony Weiner
  • How to Never Lose a Fight
  • Creating Chaos out of Meaning
  • Crime and Punishment
  • The Man in the Mirror
  • Guitar Gods of the Sixties
  • Entopy: A Play in One Act
  • The Ragged Tale of a Poverty Stricken Economic Genius
  • The Dreamers
  • Hey There Georgy Girl
  • This Is Not a Defense of Joel Osteen. Or is it?
  • The Ballad of Poindexter Glockenspiel
  • The Big Dummy
  • More Florida in Pictures and Text
  • How Do I Hate Thee
  • Florida in Images and More Images
  • "How To Solve The Healthcare Crisis and Why It's So Damned Hard To Fix"
  • The Big Lie
  • The Demise of the West
  • “Good Times! Good Times! You know, we talkin’ bout Good Times!”
  • "Justice My Ass!"
  • Wolves in Sheep's Clothing
  • The Coming Apocalypse and How to Avoid it: a Historical/Biblical Perspective.
  • "Muthafuckin' Chains!"
  • Lies Our Father's Told Us
  • Poetry and Politics - a few mixed verses
  • The Inner Man
  • The Vampire and The Carpet Salesman
  • Comey Speaks!
  • A Word From Nostradamus about the Comey Hearings
  • The Towering Babble
  • Chain of Fools
  • I Got Ramblin' on My Mind
  • Telling Ourselves Stories
  • Shit! Make Me Wanna Holler!
  • Even More Reasons Why The Paris Accords are Total Horseshit.
  • When Life Imitates Satire
  • Jethro and Becky Sue Come To America
  • Random Apocrypha
  • Why The Paris Climate Accords Are Total Horseshit
  • Urban Stories
  • The Kingdom of God: a personal rant
  • Urban Week @ South Beach
  • Serpico Revisited
  • The Road To Surf-dumb. Or, is it The Road To Serfdom?
  • This is Not a Political Article
  • My Hometown
  • What Does This Mean?
  • We're All Fools Sometime
  • One Pill Makes You Larger
  • "What a Maroon!"
  • Secrets and Lies
  • A Tale of Wine and Murder
  • "White House Under Siege!"
  • The Amateur Narcissist
  • Like a Rock
  • The Greatest of Ally of a True Idiot is.....
  • How To Prove someone's a Witch
  • Jesus Was a Sly Dog
  • An Open Letter From The Democratic National Committee
  • The Power of Language
  • The Existential Croûton
  • Random Facebook Thoughts
  • A Play "The Poverty Racket"
  • The Demise of the 4th Estate
  • Love To Hate My Enemies
  • Feelings, Oh, Oh, Oh, Feelings
  • Art or Reality
  • The Prison Yard Blues
  • Who is Richard Spencer and Why Does He Matter?
  • __an excerpt from "The Power of Voltron "
  • A Plea From a Progressive
  • ANTIFA - The Anti Fascists, Fascists
  • Conspiracy Theory
  • 4 More Poems, 4 More Pictures
  • "Are You Freaking People Insane?"
  • 4 Pictures 4 Poems
  • The Ballad of Carlos Slim
  • Pretending What's in Your Head is True
  • The Cognitive Dissonance of a Faithful Democrat
  • The Human Snakepit
  • George Freeman - Unsung Master of the Jazz Guitar
  • The Price of Milk
  • Suspicious Minds
  • Bill O'Reilly Sexual Predator?
  • The New Soldier
  • Orwell Revisited
  • Larry Coryell - The Godfather is Dead
  • A Tiger Beat
  • South Florida - HOT & COOL
  • Jean Paul Sartre & the Existentialist Mojo
  • Culture Matters, Immigration Matters, Sharks Matter
  • Thomas Sowell
  • A Tree Falls In Central Park on a Gay Banker
  • Black Codes From The Underground
  • Does an Idiot know they're an Idiot?
  • A Poem for Pooh
  • It's All or Nothing Baby!
  • Racism is Alive and Well
  • "Shut the Hell Up!"
  • Jerry Seinfeld - Social Pariah
  • A Man Must Nurture His Pet Peeves
  • Not the Usual Immigration Article
  • Man Talk, with Donald Trump pt. 1
  • Man Talk, with Donald Trump pt. 2
  • The Bad Seed
  • Dogma Never Sleeps
  • Trump and Clinton Debate
  • Was Jesus a True Pacifist?
  • Brexit Was the Shot Heard Around the World
  • Obama, How Great Thou Art
  • War is Good
  • The Willful Ignorance of Intellectual Children
  • What about All Those Peacful Muslims?
  • Terror! What Terror?
  • Biff and Shorty Play The Blues
  • Forty Miles of Bad Road
  • How Obamacare Became the law of the land: And Other Fairytales for Adults
  • Genteel Republicans vs The Alt-Right
  • Should Drugs be Legal?
  • The Prophet Speaks
  • The Dream Sequence
  • Voting 3rd Party and the Moral Low-Ground
  • Sayonara America
  • What does Never Trump Mean?
  • Barack Obama is the Most Brilliant Man Ever to be President?
  • If God Created War, Does That Mean That War is Good?
  • Never Let Your Enemies Define You
  • Facebook, Science & Religion
  • Bullshit by the Numbers
  • Bullshit by the Numbers - part II
  • The Heated Quest for the "No Information Voter"
  • I Love The Dead
  • Those Who Lurk
  • Battered, Bruised and Beaten
  • Trump and Hitler
  • America in Black and White
  • Trans-Athletics
  • Playing a Rigged Game
  • Who was that Mass Murderer?
  • The Kidnappers
  • The Game
  • Terror in Nice: A Variation on a Theme
  • The Idiots Guide on How to Destory the World
  • Terror in France
  • A Fictional Conversation Between a Pastor and a Historian About the Bible
  • The Immoral Necessity for Scapegoats
  • Who Really Shot Those Eleven Cops? Was It Donald Trump?
  • Killer Cops and Cop Killers
  • Happy 4th of July
  • How Do You Cast Your Vote When You've Only Got a Few Bullets Left?
  • "Yes, She's a Lying Sack of Shit....but She's our Lying Sack of Shit."
  • All Apologies
  • Will the Real Jesus Please Stand Up
  • Goodbye Scotty Moore
  • If a Bluebird Plays the Blues Why Can't it Play Free Jazz
  • Terror in Turkey
  • When David Slew Goliath
  • The Life & Death of a Global Fat Cat
  • Intentionally Censoring the News
  • The Brits Leave the EU
  • Chick, Christian, Roy & Kenny G
  • Who Really Committed Mass Murder in Orlando
  • The Tale of the Prince and the Shrew
  • A Dying Father's Last Father's Day
  • Mass Murdering, Terrorist's Father is Obama and Hillary's Best Friend
  • Why Cream still Matters 50 Years Later
  • Misguided Anger and Partisan Politics
  • The Deep Guilt of the Religious Left
  • Radical Islam! What Radical Islam?
  • Denial is a River in Egypt
  • A Response to all the Haters
  • Why Muhammad Ali was my Hero (in spite of being a Racist)
  • Why Trump Matters
  • The New Progressive Racism
  • A Tragedy in Cincinnati
  • The Evil that Men do (Women too.)
  • Differences? What Differences?
  • Racism Revisited
  • Battling Immigration Straw Men
  • Blood Quantum
  • Fighting Transgender Straw Men
  • Logical Fallacies about God and Money
  • Progressive Straw Men
  • Everybody is Robbing You Blind
  • On The Road To El Donaldo
  • Dear Mark: About Donald Trump
  • Identifying the Enemy
  • Why I Will Vote For Trump
  • I Totally Agree With Myself
  • Teaching Americans Where to Pee
  • Goodbye Lonnie Mack
  • Bernie Wants You To Pay His Fair Share
  • Bruce Springsteen vs. North Carolina
  • Mr. Smiley Is an Idiot
  • Why Does College Cost So Much?
  • Black Power and Bad Vibes At Whiteness History Month
  • How Facebook Showed Me That We're Doomed
  • Muslims kill Muslims by means of White People
  • The Slap
  • America Wants a 3rd Party Candidate
  • Jesus Loved Everybody
  • Call it what it is.
  • Belgium vs. Turkey. Which One is Worse?
  • Barack, Fidel and Che
  • How He Gonna Get His Money pt. 2
  • How He Gonna Get His Money
  • The Turn of The Screw
  • Dear America: Now, about Trump....
  • The Attack of the Anti Trumpers
  • Did You Know that America is Socialism....and boy, ain't it Swell
  • Trump - Prophet or Blowhard?
  • Black Lies Matter, All Lies Matter
  • The Donald and the Debate
  • Leonardo and The Bear
  • The Thunder Rolled and the "Trump" Blows em all to Hell
  • Fragmented Fairytails
  • Cars That Never Were but Should've Been, Part 6
  • Building The Perfect Beast
  • America: A Tale of Two Cities, Part 1
  • Uncle Bernie in New Hampshire
  • The Big L
  • The Diary of a Former Leftist
  • Free Speech not Hate Speech?
  • State of the Union
  • Losing My Religion
  • Don't Take Our Guns Away Until We Kill Those Honky Bastards
  • Bye Bye Europe
  • "Trump is a Racist!"
  • "Hell Yeah! I've Got Obama Care!
  • Trumponomics
  • Woman of the Year
  • Malicious Intent and the Art of the Microaggression
  • Muslim No-Go Zones - Myth or Reality?
  • Donald J. Trump and the Muslim Migration to America
  • There Is No God But Allah?
  • Roadhouse - The Reboot
  • Sometimes You Just Can't Win
  • A Few Thoughts Regarding Trump
  • Cars That Never Were But Should've Been, Part 5
  • You Can Have My Steering Wheel When You Pry It From Cold, Daed Hands
  • The Great Debate
  • Al, Thomas and Paul - Malthusians Then and Now
  • A Prophet Debates Global Warming and other retated Dogma
  • Memes, Scapegoats, Propaganda
  • Little Hillary and Her Monsters
  • A Prophecy for America
  • The Basketball Metaphor
  • Vladimir Putin: An American Hero
  • Little Things
  • The Democrats Debate
  • It's All Ablout da Benjamins
  • Remember When?
  • Mass Shooter
  • Cars That Never Were But Should've Been: Part 4
  • Should A Muslim Be President in America?
  • The Strange Case of Ahmed Mohamed
  • Debt and Other Devious Angels
  • Bernie Sanders is Caesar not Jesus
  • An inconvenient Truth
  • Who's really a Native American?
  • The Rebirth of the Silent Majority
  • Money That's What I Want!
  • The Syrian Crisis and the Memeing of America
  • Why Societies Have Generally Valued Men More than Women
  • The Problem of Evil
  • A few Thoughts on a Few Things
  • The Authentic pose of a Black White Man
  • Sweden: Socialist Utopia or Progressive Madhouse?
  • Why Dogs Matter
  • Guilty Until Proven Innocent
  • Was Jesus a Socialist?
  • "The Donald" A Man for the Ages
  • Harvesting the Wheat - or - Karma's a Real Bitch
  • Cecil The Lion
  • Cars That Never Were but Should’ve Been, Part 3
  • Secrets and Lies
  • Can Minorities Be Racist?
  • I Was Just Thinking....Hmm?
  • Iran Deal - Good or Bad?
  • Jihad or Not Jihad? That is the Question.
  • "Let's Do Lunch" with Planned Parenthood
  • America The Contemptible
  • Marriage, Bigotry and Cooties
  • The Things We Care About
  • The Simplicity of it All
  • A Dissenting Opinion
  • Cars That Should've Been, But Never Were: part II
  • Live Now, Pay Later
  • I Am, Whatever I Say I Am!
  • Bernie Sanders is the Dumbest Bastard on Earth
  • Cars That Never Were But Should've Been
  • Bruce Jenner
  • The Good Society
  • A Personal Jesus For My Own
  • Take a Ride on a Hell Bound Train
  • Requiem For a Car Show
  • Obama Channels Neville Chamberlain in Dealing with Iran
  • The Short Life of a Political Lemming
  • The Strongman
  • The Broken Window
  • The Selective Outrage of The Anti Israel Left
  • When the Blind Lead the Blind
  • Top Brass With Class
  • Living In A world On Fire
  • Lying Liars and the Lies They Tell
  • What The Hell Is Esotericism?
  • Unicorns, Free Healthcare and other Mythological Creatures
  • Heroes and Dunces
  • A Few Thoughts On a Few Things
  • The Return Of Super Fly
  • Should You Ever Bet On A dead Horse?
  • Money For Nothing
  • Across The Great Divide
  • Tom, Jerry, Eddie & Sydney
  • The Folly of Foibles
  • Who really killed Eric Garner?
  • The Art of The Sale
  • Political Bullshit and All That Jazz
  • Oh, The Horror of It All
  • To Torture or Not To Torture, That is The Question
  • Selective Justice
  • Executive Action
  • Give Us Your Tired, Poor and Ambitious
  • Johnny Winter, Ahhh-Yeahh!
  • Homeless and Transgender "Let My People Pee!"
  • Are We Insane? You Betcha!
  • Ebola and Racism
  • You're a Racist, Just Admit It!
  • To Discriminate or Not to Discriminate, That is the Question
  • The Life of an Imaginary Historian
  • Why Most Debates About The Minimum Wage are Bullshit
  • The Return of the Infinite Monkeys
  • Politically Correct Genocide
  • Language and the illusion of Meaning
  • Obama vs. Reagan
  • Is Barack Obama our Most Successful President Ever?
  • White Racism Black Racism
  • The Race
  • Should People Be Free to Discriminate?
  • Science, Religion and Brother Neil
  • Welcome To America
  • The Reincarnation of Jimmy Carter and the Return of Scarface
  • SCOTUS, Condoms and Collateral Damage
  • The American Dream
  • Attack of the Bloated Leeches or "Why Does the Economy Suck pt. II"
  • Why Does the Economy Suck?
  • Jaco Pastorius - A Passage in Time
  • How can we save the world, from people who want to save the world?
  • A Short Political rant: pt I
  • Jerry Reed, Tom Jones and the Original Guitar Heroes
  • Part Two: The Politics of the Eloi and the Morlock
  • Angel: part 7
  • Wayne Cochran "Going Back to Miami"
  • Matt Damon & the Teachers Union vs. the Capitalist Pigs
  • The Last Damned Healthcare Article You'll Ever Need
  • The Gospel According to Mark
  • Angel: part VI
  • Ted Bundy & The Hunt For The Devil
  • Charlie & Clint: Dead & Deader
  • Trayvon & George : An American Hate Story
  • Jury Duty
  • Little Tommy & The Blues Kings
  • Kayaking "The Big Cypress" with Crocodlies
  • The Birth of The Jazz Guitarist
  • Gay Marriage
  • Garage Band - The 1960's
  • King Arthur, Pelagius and Original Sin
  • The Story of Ricky
  • In the News and on the Web
  • When is a Horse not a Horse
  • Hidden Miami
  • I Hate the 60's: A Personal Rock Odyssey
  • Crocodiles and Alligators in Florida: Monsters in our Backyard
  • The Legend of Robert Pete Williams
  • Saturday Night At Big Tinys
  • The Mad Hatter and the Tea Party
  • The Case Of The Infinite Monkeys
  • The American Heritage Series
  • Here Comes the Sun
  • The Moon Is a Harsh Mistress
  • Blue And Green
  • Mundi's, a Love Story

Should You Ever Bet On A Dead Horse?

Picture
"I originally wrote this about six months ago, give or take, but never posted it.  Why?  Because I forgot that I wrote it.  So, here it is, a little late, but still timely, even if the price of gas has fallen substantially, everything else is essentially the same." 

What precedent do we have for Seattle's substantial increase in the minimum wage? Nothing very specific, but plenty of historical data about what happens when government becomes the primary driver of wage and price increases. In a free market prices are constantly changing as businesses compete for a larger share of the market. Prices are adjusted to reflect supply and demand on a day to day basis, sometimes on a minute by minute basis. Just go to the supermarket and look at the price of just about anything from milk to bananas. The availability of a product dictates market prices, as does competition. That means that all of these businesses are competing for the consumers favor—your favor.

You'd think that Americans would be flattered that so many billion dollar corporations, mom and pop businesses and upscale providers are working their butts off to get you to shop at their place. Americans, however, seem more inclined to take this extraordinary fact for granted. By comparison, talk to anybody coming from the former Soviet block countries, where centralized economies were the norm and their point of view, as well as their level of appreciation, will be completely different.

A few years back, the head of U.S. Postal service was asked why they were losing so damn much money, about 1.2 billion dollars a month. He made it clear that the post office was slow to react to necessary business changes because they had to go through congress in order to change anything, no matter how small. And congress, not surprisingly, was pretty damn busy. That's why innovation seldom ever happens by committee and bureaucratic oversight makes changes slow and cumbersome. Not so with privately owned businesses, who know full and well that “Adapt or Die” is the ongoing mantra that drives innovation. This is where leftist adherents to Darwinian science frequently abandon “Uncle Charlie” for their own version of a creationist narrative, ignoring the evidence wherever it doesn't fit. Better to attempt to manipulate reality than face being wrong. For further study on the inefficiencies of non-market driven forces in the real economic world, the history of any command economy will do.

This is where Sweden and Denmark and the usual suspects are brought up. In fact, all such economies are almost completely driven by private industry, the Netherlands and it's oil rich, privately owned industry, produces the countries wealth. Not socialist governments, who effectively produce nothing. They simply redistribute the wealth that is created by the private economy. Even then, most of these countries have reasonably free economies. To the degree that they can absorb high taxes, is the result of prosperous private enterprise and a relatively small, culturally homogenous, educated population.

The Netherlands, for instance, is about one quarter that of the state of Florida. It isn't nearly as racially and culturally diverse as the U.S.. By comparison, the U.S. has a population about fifty times greater, spread out over a very diverse landscape that produces distinct cultures whose needs are best served by the people who live there. Centralizing an economy the size of ours isn't merely a failing proposition, it's idiotic one, which brings me back to Seattle.

Seattle's particular circumstance is simply too recent an occurrence to see any long term effect, positive or otherwise. However, there are studies, treatises and books dating back centuries about how wages and prices are established in an economy. Based primarily on studying real economies—and real economic transactions in the real world. That was basis for Adam Smith's “The Wealth of Nations” and the “The Invisible Hand” or F.A. Hayek's “The Road to Serfdom” Thomas Sowell's “Basic Economics” and just about anything by Milton Friedman.

Of course, there's also Marx's “Das Capital” a favorite among academics who frequently aren't actually economists, but they're still academics, so that's something. There's also plenty of anecdotal evidence from the left like “Hey, why don't we just give everybody some money! You know what I'm saying!” If only it was that simple, it would take nothing to end poverty, just rev-up the printing presses and let er rip! “Yeah, dude...let er rip!”

There is, even in this short a time span, some anecdotal evidence beginning to turn up, giving us a glimpse into Seattle's present—and possibly, their future. There is one great predictor amidst all the rhetoric, however. One that's pretty damned accurate, it's called, wait for it “The Past.” Here's how it works.

When cash strapped mom and pop businesses are barely surviving, substantially raising their labor costs will only force some to shut their doors. They can also deal with increased costs by having fewer employees do more work, by reducing employees benefit packages and by raising prices to cover the additional costs. It will also likely mean higher unemployment, leaving more unemployed workers competing for the higher minimum wage. All of the above appears to be happening in Seattle, even if the evidence, at this point, is essentially anecdotal.

The unintended consequence will create a surplus of labor, enabling employers to cherry-pick through a growing pool of potential employees. This makes a good deal of sense if you're a business owner. The net effect will be that the least employable people; those with limited education and skills will be left without a job. Seattle's political leaders will have harmed the very people they sought to help.

Raising wages could mean that people would have more money to spend, thereby driving the economy. Unfortunately, most of the increased spending would go to pay for the rising cost of necessities; food, clothing, shelter, heating, cooling etc.. This brings us to the real problem, which is inflation. That is the true enemy that is destroying the purchasing power of the dollar. Not greedy business men clinging to every last cent in an effort extract blood from a stone, although it makes good political fodder.

Why is inflation a problem? According to the government's numbers, it's not. But all one has to do is look at the cost of gas at the pump, your monthly electric bill and rising food prices to see the truth of it.

The real reason is simple. Artificially low interest rates and easy money terms for credit cards, home loans, auto loans etc. were intended to boost spending by enticing business and consumer alike to borrow. This was meant to grow the economy—and it did—for a time. But, if your real income isn't rising to match your debt, a tipping point is reached and the debt load eventually becomes unmanageable. Where some elements of inflation are being kept in check, it's actually stagnating or declining wages that's the cause, not good fiscal policy.

Where did all this money come from? From central banks. In the U.S. It was The Federal Reserve, but, a similar phenomenon was happening throughout Europe and Asia. Japan fell into a same trap two decades ago and has never really recovered as the result. Ten separate central banks (similar to the Federal Reserve in the U.S.) had to be bailed out in 2009 and 2010 due to massive debts. Greece, Ireland, Portugal, Spain, Cypress, Latvia, Romania and Hungary are potentially the tip of the iceberg of much larger problem throughout Europe.

In other words, governments around the world were doing exactly the same thing as their citizens. They were spending substantially more than they were taking in. In fact, it was governments, operating through central banking policy, that enabled all of it. Central banks exist at the behest of federal governments, not the other way around.

Currently, the problem remains unresolved. And the only solution being offered is to print more money and keep borrowing. Unfortunately, all of this money, created, out of thin air, must be repaid. That is the law. Repaid by whom? By the people, of course, through taxation.

There is a much, much bigger problem here than raising the minimum wage. Proposing a substantial wage hike to solve America's problems would be like trying to stop a tsunami with a handful of sand.

Should we be subsidizing global corporations? No! Most people don't work for global corporations, though. Small businesses represent fifty to seventy percent of all American employers—not government, not multinationals.

Wages, inevitably go up when the demand for labor begins to exceed the supply. Simply put, if you start a business and want to hire, but are having trouble finding good workers, you'll be forced to pay more to attract potential employees. That's why having a business climate that's actually favorable to starting a business; less regulation, lower taxes and less red tape, is absolutely necessary.

Unfortunately, we are continuing down the same path that was set over the past twenty years. And, we can't change course without reaping a heavy price for all the bad fiscal policy that has been the driving engine of our economy up to this point. All we can do is pray for a miracle, hoping that some wildly inventive entrepreneurs will do the impossible and revive our failing economy. But it won't be easy, in fact, at this stage of the game it's beginning to look damn near impossible. That's why a miracle is about all that's realistically left—which isn't very realistic at all.



Mark Magula

    Please Enter Your Comments Below: