Biggy

While raising the minimum wage sounds noble, many will benefit, many will lose.

1. If a company keeps everything the same, then those workers now enjoy higher benefits.
2. If a company cuts it workforce, cut back hours, or chooses to hire illegal workers, because their labor costs are too high, all those people lose. Business owners don't like taking step backs in their business when it comes to profit, just like workers don't like taking lower pay. This is capitalism.

There's the intended benefit, and the unintended benefit.

You can argue the higher wage rate is great and Repubs are assholes.
Repubs will argue people will lose their jobs, or hours, and the Dems are assholes.

Neither is really wrong. It's physics, for every reaction there is an equal reaction.

The reality is we all grow together. When the boom was happening, unemployment was at it lowest and the middle class benefitted. The middle class also lost when it was taken away as did all the banks. It happens together. If the rich are getting richer, and the poor are getting poorer, you can most certainly look at the tax code.

However, your Mitt Romneys and your Warren Buffetts still pay incredibly low taxes. They still dont pay anywhere near 40%, becuase they aren't exposed to ordinary US tax rates. The tax bill was 2-300 pages long, with all sorts of special exceptions carved for big business and the super rich - these guys donate to everyone. Every small business owner just got burned. Minte got fucked, your average restaurant owner got fucked, and everyone making their $ the hard way got fucked (i.e. not investing, not speculating, etc). It was the republicans who were calling for real tax reform - closing these loopholes to raise the $, and not nominally higher tax rates on ordinary income, which fucked over every real (non-financial) business owner in this country. They proposed $800B in new tax revenues, without technically raising any tax rates. Obama, after winning an election, told them to fuck off, and wall street and financial companies were barely touched, and every small business owner got burned. They applied the higher taxes to the wrong group of people, the people who are already paying the highest %wise.

The long and short of it is this: we have a very complex tax code. The politicians dumb it down for the average person to understand, but in reality, the complexities of these policies are very different. Obama played the mob against the few, and the few that got burned, were the good guys. Wll street/ private equity / venture capitalists, and every other major financial investor, only got touched marginally.

When Obama wants another huge spending bill, guess where the $ will flow to? His donors and the people he knows. He is a shill, but he is a shill who is fucking over the hard working entrepreneurs of this country. How about we lower taxes on entrepreneurs to spark people to create businesses, and tax wall street more heavy? It will never happen, wall street donates too much $. Obama is not the answer. Obama is an idiot, who wants to be loved. He isn't really helping people. He is the school president promising free candy to everyone. The answer might be in a Cuomo, who prosecuted Wall Street, when he was prosecutor in NYC.

http://techcrunch.com/2013/01/01/the...e-team-thanks/