How to Save America

[Wisemon]

When there is less money flooding the market, that money will become more valuable. Prices will adjust to fill the gap (and, no, companies do not want to keep the same prices, that would lead to people buying their products less, not to mention the inevitable price wars), and the poor will have MORE buying power.

Price adjustments aren't immediate, but the effects of taking away the minimum wage laws would be. Let's take Burger King, for example. If they wanted to continue to have customers, they would have to drastically lower their prices. A national price adjustment on everything on the menu would take at least several months. In the meantime, they would lose business, lots of business, but it won't matter, because they'll be paying their employees next to nothing anyway. So it evens out, right? Except for the fact that less money is changing hands, which is the opposite of your goal. Now imagine about a thousand fast food and retail chains having the same problem. The only ones who might benefit are the ones who own the companies, because they're paying their employees less. When the rich get directly richer, it doesn't "help everyone", there's no "trickling down". That's all a load of crap that wealthy people invent in order to get that kind of legislation passed. If they let that money trickle down to help the nation, they wouldn't be the smart businessmen that they are. Yes, the value of the dollar would go up, but elephant tusks are valuable for the same reason...I think I just inspired myself for a poem.