I’ve been wondering about this forever … more money in the lower classes means more money to be taken from people & higher inflation supposedly you can not just add money or it will be sucked up by graft & business simply charging more.
In tandem with the 2008 bailouts – just give more money to the banks who gave out so many bad loans they tanked the world’s economy. It lead to the discussion of tax breaks, do we give them to the rich or to the poor to create more economic growth? Interesting ideas in this video by a successful business man … https://www.youtube.com/watch?v=CKCvf8E7V1g
Now, we have other places picking up on Seatle’s minimal wage increases….