Class disparity's a separate issue, basic economics dictates that disparity is not necessarily a bad thing as long as overall wealth growth across incomes is fairly solid. We're talking about short-term solutions here, long term class disparity is as much a government and regulatory policy problem as it is a corporate one. If you're talking about raising income taxes for the rich or top marginal rates or anything along those lines, don't bother. Most people don't understand how broken the U.S. tax code is, and how easy they are to avoid. Tax reform is something everyone should be talking about but they're not (real spending cuts, not fake bullshit Republicans claims that are really just increase reductions, are needed but I digress). On top of that, the U.S. government has basically thrown all its chips into the financial market. Investment is what they've been focused on since the 80s, and they're not stopping.SexyGarfield said:A stronger dollar doesn't solve the problem of consolidation of wealth. If you look at each dollar as a fraction of the USA's wealth then increasing the each individual dollars worth does nothing for class disparity in our country.NeedsaBetterName22 said:Ah, fair enough, I get you. Emotional debate has definitely dominated the minimum wage discussion recently, a minor increase probably wouldn't have disastrous economic effects.Colt47 said:I didn't actually mean it in the way you think. We could have increased the minimum wage by something like 0.25 and that would have been enough to at least count as a compromise to quiet down the advocates, but instead we got people refusing to do anything at all and just letting people continuously blow into bigger and bigger microphones, which in turn causes more and more emotional snowballing.
The problem is that lower and middle class Americans don't have access to enough purchasing power anymore. And the only real way to solve that would be a stronger dollar backed by more market certainty, which is basically counter-intuitive to everything going on in U.S. economics.
And as much as a lot of people seem to think it's a good idea, Obamacare's been largely held off due to its economic effects. It's producing a lot of part-time jobs, true, but at the expense of full-time jobs. I'd be strongly in favor of scrapping it and starting the healthcare debate over again, cause frankly small business owners and young workers are going to be the ones affected most by rate increases, while the people who will benefit most are (surprise) major medical companies.
But hey, that's human history. Every system is either an autocracy or an oligarchy.