Mr. Right Wrote:
Feb 27, 2013 5:58 AM
While I have the utmost respect for Dr. Williams, he obviously does not understand the Obama Administration's goals with the proposed increase in the Minimum Wage. Obama's goal is precisely to make sure that the poor and uneducated never get a job. High unemployment will mandate a government response with ever bigger and more intrusive welfare programs "to be fair" and in the name of Social Justice. Those programs will require that the rich be taxed at ever-increasing rates so that they "pay their fair share." Obama's henchmen understand the economics Dr. Williams points out all too well. And that is precisely why they make the economically destructive proposals they do.