In response to:

Mitt's Tax Cut Mulligan

Fred688 Wrote: Sep 30, 2012 6:17 AM
Ask any economist how the minimum wage impacts the employment of the unskilled worker. You cannot make an employer hire a person for more than that person is worth. If the minimum wage were eliminated the unemployment rate will drop sharply and welfare demands will decrease. What logic gives the government the authority to stand between a person willing to hire and another person willing to work?
TJS Wrote: Sep 30, 2012 9:38 AM
What magic theory makes you think welfare demands will decrease, when Wall Mart has well proven that it (lower wages) shifts a higher proportion of people to welfare and social services than less.

Where did you get your economics degree???...I want my kids to stay far away from there.
For some unknown reason, Mitt Romney dialed back his tax-cut plan yesterday, the same day new reports showed incomes are dropping.

Last month, median household income fell by about $500, and since Obama became president, income is down over $4,500. But under Mitt Romney’s 20 percent tax-cut plan, if he truly believes it and follows through with it, a married couple making $70,000 a year would save over $2,000. And take-home pay for a middle-class married couple earning about $140,000 -- with their tax rate dropping to 20 percent from 25 percent -- would increase by over $7,100. Obama has no...
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