Trim federal spending, go into deflation, and drive the buying power of the currency up. This would allow people to pay down debts while maintaining standard of living.
My problem with this logic is the same problem I have when suited clowns claim they’ll just raise prices on everything 300% if the minimum wage goes up by $2.
Say we “trimmed federal spending” (which is kinda its job as an entity, to spend towards the people, ideally), and somehow magically our already-printed simoleons became worth more per dollar…
What, besides intense federal regulations, would prevent bosses from just spinning this as some kind of crisis, and making it an excuse to pay us less because “each dollar is worth more now so you’re making too much”?
“Entitlements” and “hand-outs” are necessary not because people are lazy, but because from a business perspective, jobs aren’t worth doing anymore , but we do them anyway because we’re forced to, if we want to participate in society at all.
TL;DR:
Basically, the solution is to tell the rent-seeking neo-gilded-age robber-barons of our day “Fuck you. Pay me.”
If they actually paid a fair wage for the profits their employees generate, we’d be able to “pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending.”
My problem with this logic is the same problem I have when suited clowns claim they’ll just raise prices on everything 300% if the minimum wage goes up by $2.
Say we “trimmed federal spending” (which is kinda its job as an entity, to spend towards the people, ideally), and somehow magically our already-printed simoleons became worth more per dollar…
What, besides intense federal regulations, would prevent bosses from just spinning this as some kind of crisis, and making it an excuse to pay us less because “each dollar is worth more now so you’re making too much”?
“Entitlements” and “hand-outs” are necessary not because people are lazy, but because from a business perspective, jobs aren’t worth doing anymore , but we do them anyway because we’re forced to, if we want to participate in society at all.
TL;DR:
Basically, the solution is to tell the rent-seeking neo-gilded-age robber-barons of our day “Fuck you. Pay me.” If they actually paid a fair wage for the profits their employees generate, we’d be able to “pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending.”