RANT: Democrats Agenda “raise the minimum wage”

http://www.washingtonpost.com/wp-dyn/content/article/2006/05/06/AR2006050601336_pf.html

Confident Democrats Lay Out Agenda
Party Plans Probes Of Administration If It Wins the House
By Jonathan Weisman
Washington Post Staff Writer
Sunday, May 7, 2006; A01

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Democratic leaders, increasingly confident they will seize control of the House in November, are laying plans for a legislative blitz during their first week in power that would raise the minimum wage, roll back parts of the Republican prescription drug law, implement homeland security measures and reinstate lapsed budget deficit controls.

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As a Big L and a Little L Libertarian, I have no use for EITHER big government party.

But here is an example of the folly of voting for either.

The minimum wage benefits: (1) politicians allowing them to claim they are helping the poor; (2) government workers who all get a raise when the minimum wage goes up; and (3) union workers who all get a raise when the minimum wage goes up.

The minimum wage hurts: (1) the poor who lose those marginal jobs; (2) the young who lose those jobs as trainign for bigger and better things; (3) students who grab those jobs to tide them over; (4) small business people who can't afford to pay the higher wages and on the margin are driven out of business; (5) the consumer who now pays higher prices for the same good or service; and (6) the taxpayer who now has to pay for more expensive government big time, the welfare costs for all the people who are now out of work, and the opportunity costs of all those taxpayers who are now not paying any taxes at all.

So why would any one still advocate for a minimum wage?

(1) Who does the "political class", government workers, and union people ususally vote for?; (2) Their own economic stupidity that they never learned the "economic laws of gravity"; and  (3) The economic ignorence of the voters allows them to fool the people.

I would advote voting Libertarian. If no libertarian is on the ballot opposing a "minimum wager", then write yourself in. It can't hurt! Vote communist. At least you'll get a certifiable fool rather than someone hwo is trying to defraud you!

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