Pelosi, saving the world from poorness

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Right now, on Pelosi’s website, she is proclaiming to the world that there is 5 days, 8 hours, and 36 minutes until the “first minimum wage increase in 10 years.” Right now, the Federal Minimum Wage is $5.15. The only people really making minimum wage are teenagers working at Burger King and food servers, but their paychecks pay all the taxes from their tips. Great, Ms. Pelosi. Where will the extra money come from to pay the burger slingers? From the consumers who buy. It sure as hell isn’t going to come out of the owner’s pocket. The establishment isn’t going to pay the power company less.

“I can’t pay you your full bill this month because I need to pay my employees more.” Right.

“We’ll shut off your power so you can’t make any money this month.” Then, there’s no power taxes collected, no federal wage taxes withheld, state wage taxes withheld, no social security taxes withheld,no sales taxes collected, no telephone taxes collected, no taxes from the carbon dioxide company, no grease company service taxes, no taxes collected during the transportation of the raw meat, vegetables, buns, soda syrup, and no sewer taxes collected.

So the money that will pay for the wage increase will come from the consumers. You and me. Us. Rates for goods and services will follow a minimum rate increase. Because of this, buying power decreases after a minimum wage adjustment. Check to see if McDonald’s Double Cheeseburger remains on the dollar menu in a month. After the minimum wage increases, and rates increase so the owner keeps making the same, so our buying power decreases.

Imagine the minimum wage earners. They’re now making more, but they have more tax dollars withheld. They can’t buy as much, so they go hungry. They can’t apply for food stamps, because now they’re making too much.

The whole thing is an evil hippie conspiracy to keep people down. However, 39 states have minimum wages higher than Federal, so increasing the minimum wage does little across the board. However, the increases keep coming, and my dollar keeps shrinking.

Great, Nancy! BLOW IT OUT YOUR PIE HOLE!

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