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Obama´s Quest To Increase Income
Inequality--Starting With The Minimum
Wage And Obamacare

Forbes Magazine, by Merrill Matthews

Original Article

Posted By:Scottyboy, 12/16/2013 11:02:11 AM

President Obama is on a death march to increase income inequality in America—as if it hadn’t already increased enough during his presidential tenure. Forget all of the president’s prattle about the middle class. Every economic policy he has imposed on the country, including Obamacare, will exacerbate income inequality. This time his preferred weapon of mass income destruction is the minimum wage. Democrats are suggesting a rise in the minimum wage from its current $7.25 an hour to $10.10. That’s even more than Obama’s $9.00 proposal, but significantly less that the $15.00 minimum wage recently passed by SeaTac, the small town by

Comments:
Pretty straight forward piece illustrating the economic devastation wrought by 0bama and his band of "progressive" leftist morons.

      


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Reply 1 - Posted by: Redneck In NY, 12/16/2013 11:17:18 AM     (No. 9656056)

Progressives idea of "income equality" is, and always will be, to drag the producers down to the poverty level, NOT bring the poor up to the producer level.

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Reply 2 - Posted by: WV.Hillbilly, 12/16/2013 11:18:06 AM     (No. 9656058)

"He would rather the poor were poorer provided the rich were less rich."
---Margaret Thatcher

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Reply 3 - Posted by: Nan, 12/16/2013 11:20:47 AM     (No. 9656067)

Puts more tax money into the pocket of the government.
Companies will raise the prices of all goods in order to cover the increase the cost of payrolls.
In the end it all balances out to Little or no extra cash in the pockets of the working.

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Reply 4 - Posted by: bmw50, 12/16/2013 12:07:19 PM     (No. 9656126)

It´s just a matter of time before there will be no middle class; Obama´s policies are wiping them out.
The wealthy are getting more wealthy and the middle class is being force into poverty with higher tax burdens and the increased cost of living (inflation from the government printing more and more money).

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Reply 5 - Posted by: jalo1951, 12/16/2013 12:17:19 PM     (No. 9656136)

Your pay no longer belongs to you. That includes any saving or retirment plan you might have. There will come a time when it is just sent to Wash DC and they will send you what they think you need. It´s their´s. You make it, they take it. Kiss America goodbye if something does not change and change soon.

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Reply 6 - Posted by: richwill, 12/16/2013 12:42:33 PM     (No. 9656167)

It is called revenue sharing #5. The states bought into this fiasco decades ago. The minimum wage is a union and politician scheme. For the unions it is increase revenue from increasing wages. For the politicians it is staying in office. The US government puts Madoff and other ponzi schemes to shame.

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Reply 7 - Posted by: GoDeacs79, 12/16/2013 12:57:59 PM     (No. 9656183)

Anyone already making $10.10 per hour or above will just get poorer, since the cost of every product will have to increase. We laugh (to some extent) about the war on this or that, but Obama and his ilk (I rarely miss a chance to use that word) are actively waging a war on the middle class of this nation and in so doing are breaking the backbone of America.

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Reply 8 - Posted by: mickturn, 12/16/2013 1:23:44 PM     (No. 9656205)

We need to be sure to punish the producers of society and throw chicken bones to our folks (Lefties). That way we steal from the producers and stiff our folks and keep it all for ourselves!

SoCiAlisM.

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Reply 9 - Posted by: watashiyo, 12/16/2013 2:54:54 PM     (No. 9656304)

We could afford a minimum wage of $20.00 an hour. We have enough paper money printed to make that happen. Question is, can we afford $10.00 Big Mac, $5.00 coke, $20.00 loaf of bread, etc? Seriously, unintended consequences from the increase in minimum wage can kill ourfreedom freedom.

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Reply 10 - Posted by: herder elwood, 12/16/2013 2:55:26 PM     (No. 9656306)


"Original Article" url leads to a story by William Dunkelberg ie http://www.forbes.com/sites/williamdunkelberg/2013/12/12/minimum-wage-maximum-insanity/
The url for the story by Merrill Matthews is: http://www.forbes.com/sites/merrillmatthews/2013/12/16/obamas-quest-to-increase-income-inequality-starting-with-the-minimum-wage-and-obamacare/

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Reply 11 - Posted by: mitzi, 12/16/2013 3:13:20 PM     (No. 9656335)

Just recalling that back in the dark ages when I started working, the minimum age was 65 cents an hour.

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Reply 12 - Posted by: F16 guy, 12/16/2013 3:28:47 PM     (No. 9656350)

I own 2 businesses. Min wage was raised here by $1 last Jan. I had to cut overtime pay, holiday pay, insurance contributions, etc.

It caused be to have the equivalent of a 13th month of payroll for 12 months of work.

If min wage goes up another $.50/hr, it will force me to close, as I am state funded and the state will not meet the rising costs. 35 people will lose their jobs.

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Reply 13 - Posted by: Charactercounts, 12/16/2013 4:32:39 PM     (No. 9656444)

#12, yeah, but it´s for the greater good. /s

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Reply 14 - Posted by: bighambone, 12/16/2013 5:45:28 PM     (No. 9656505)

The liberal Democrats want the minimum wage to go up to $15.00 per hour. They and some cheap labor Republicans also want to legalize about 20 million illegal aliens and allow their close foreign born relatives to come here almost immediately with all being granted complete access to the legal US labor market. In addition they want to bring in an additional 30 million foreign workers and their foreign family members in the next 10 years.

Where are the liberal Democrats going to find 50 million new jobs for all those foreign people that will pay them at least $15.00 per hour? And all those plans do not even factor the adverse impacts on US workers that flooding the US labor market with such cheap foreign labor will cause.

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