Politicans Should Take Economics Classes
The State Journal Register in today's paper had a story about how Blagojevich, Topinka nd Whitney all want some kind of increase in the minimum wage. Blagojevich wants to raise the state minimum wage to $7.50/hr. Topinka says the federal minimum wage should be increased. Whitney says he would like to see the state minimum wage raised to $9.00/hr. I think all these so-called politicans need a class in basic economics especially the Green Party socialist.
We are a semi-capitalist country. Profit is the number one goal for a business. Now, a business has many options to combat certain external forces (tax increases , minimum wage hikes, inflation, ect.) If the government forces their will on businesses in a negative direction it forces the businesses to take corrective measures to ensure it's survival. The business can either increase the product price, keep the product price the same and take a profit loss or go out of business.
It seems to me that in Illinois that our politicans want to keep more people in the welfare mindset and force businesses out of Illinois. The goal should be to reduce the welfare roles, decrease taxation, decrease unemployment and make it business friendly...not business scary.
By the way,at the end of Novemeber, our legislators will be back in Springfield for the veto session. Our income tax rate will be increased from 3 to 5 percent,it's been a done deal since April. Call your state legislators and ask them not to vote on the income tax increase and the minimum wage hike. Illinois does not have a revenue problem, our legislators have a spending problem. Fiscal conservatism is non-existent here!
We are a semi-capitalist country. Profit is the number one goal for a business. Now, a business has many options to combat certain external forces (tax increases , minimum wage hikes, inflation, ect.) If the government forces their will on businesses in a negative direction it forces the businesses to take corrective measures to ensure it's survival. The business can either increase the product price, keep the product price the same and take a profit loss or go out of business.
It seems to me that in Illinois that our politicans want to keep more people in the welfare mindset and force businesses out of Illinois. The goal should be to reduce the welfare roles, decrease taxation, decrease unemployment and make it business friendly...not business scary.
By the way,at the end of Novemeber, our legislators will be back in Springfield for the veto session. Our income tax rate will be increased from 3 to 5 percent,it's been a done deal since April. Call your state legislators and ask them not to vote on the income tax increase and the minimum wage hike. Illinois does not have a revenue problem, our legislators have a spending problem. Fiscal conservatism is non-existent here!
posted by Christopher Bennett at 29.10.06
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