GM and others shutting down production.
Just heard the GM part on tv news, looked HERE and found out it's hitting the others as well. Trucks seem to be getting the hardest knocks. Our little Chevy dealer here only has 4 new vehicles on ...
Forum Discussion
IMHO, what this country needs more than increase in minimum wage by law is more education of the working class. Not more time in school, but teach them to be skeptical of what they are told.
As a example, what time period was the greatest growth in middle class standard of living? When 1 person could work all week, take weekend to enjoy life, buy house, car, send kids to collage, and expect a better life for the kids? Now, when you have figured out, not for you but for the largest percentage of the population, look at what the top income tax rate was.
I did not go to school as long as most, and did not pay much attention when I was there, but I have always understood that giving somebody that has more money than they can spend even more money will not cause the factories to make more stuff. But if you spread that same money out, give a little to each person that can't buy everything they want, most will use that to buy things, and factories will have to make more things to sell
As a example, what time period was the greatest growth in middle class standard of living? When 1 person could work all week, take weekend to enjoy life, buy house, car, send kids to collage, and expect a better life for the kids? Now, when you have figured out, not for you but for the largest percentage of the population, look at what the top income tax rate was.
I did not go to school as long as most, and did not pay much attention when I was there, but I have always understood that giving somebody that has more money than they can spend even more money will not cause the factories to make more stuff. But if you spread that same money out, give a little to each person that can't buy everything they want, most will use that to buy things, and factories will have to make more things to sell
