Koch wages war against the minimum wage
July 13, 2013
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Charles Koch has spent $200,000 media campaign to… well, let’s see it in his own words:
The point of it, Koch said, is that he believes prosperity grows where economic freedom is greatest, where government intervention in business affairs is kept to a minimum. He hopes his ideas will help the country grow, he said. In his interview he emphasized several times that he believes his ideas on economics will help disadvantaged people. Government regulations – including the minimum wage law – tend to hold everyone back, he said.
Show of hands: does anyone believe that the minimum wage, as low as it is, is a rightful burden on businesses? We already know that Wal-Mart came out publicly for an increase n the minimum page, not out of the goodness of their hearts, but because they already paid workers more than the minimum wage and an official raising of it would hurt competitors that had lower wages. Of course, recently in the news Wal-Mart is opposing a real living wage in D.C., so it’s clear the previous support was truly about self interest, not about helping workers.
Look, the minimum wage is just that. Look at these statistics:
- The federal minimum wage would be $10.71 instead of $7.25 if it had kept up with inflation, over the last 40 years.
- $15,080: 1 year of minimum wage.
- $2.13: the federal minimum wage for tipped employees (e.g., waiters, parking attendants, etc).
In fact, the minimum wage is so low that 19 states have a state minimum higher than the federal one.
What blows me away is the position of Koch. In the 80’s he was for trickle-down economics. How’d that work out for us? Not so well. I’m sure Koch knows that tickle-down economics is a load of BS and all I’m left with is that he is one of the greediest people on earth, since his net worth is an estimate $43 billion.
We should care because there are a lot of people in this country that are easily swayed by disingenuous political maneuvering. The entire Fox News network is a giant scam on the American people. There’s an entire website dedicated to their lies.