Corporatist Joe Biden Impoverishing The Working Poor: Minimum wage workers in America are poorer than they’ve been in decades – June 29, 2021,
I always like to separate the WORKING POOR from the supposed poor people on Government Welfare. If you work for a living, stop allowing these politicians to conflate you with the people on Welfare. Even in the event, there’s a UBI, there will be people who choose to work for a living and if these hard-working people work while others live off of the UBI, the working class shouldn’t allow politicians to put both groups under the same tax laws.
So, the minimum or low wage earners can clash with the Income and sales taxes laws, which the real problem with creating a minimum wage. S=The higher the minimum wage goes, the higher the cost of living goes, and also the higher the minimum wage goes the closer the low wage earner is to being in another tax bracket.
As a former wage earner myself, who was also part of 2 different labor unions(I had 2 jobs at the time) I had a serious problem when tax time came around, because first of all as a wage earner, I couldn’t write off things I could write off if I was self-employed, this made my tax bill higher, secondly, there’s a cost going to work.
How corporatism works is that the large corporations turn to the government and to the media to create some sort of narrative as to why the Government should get more involved in the economy. Sometimes the corporatists are pushing for war or in the modern era because Wars are no longer popular, the corporatists have pushed for a carbon tax.
The difference between capitalism and corporatism is that corporatism is welfare for large private companies and one of the main reasons, these large companies lobby the government for corporate welfare revolves around labour unions, who artificially drive up labour costs.
So as an example in America, there are certain goods that have to be Assembled and DISTRIBUTED in America, now if these goods were made in America, without artificially high labour costs, the cost of living in America would be a lot lower because there would be a lot more business competition.
But because most American and in general Western voters prefer voting to redistribute income, it leaves the door wide open for corporatists to control narratives. Now, in prior years, when there were record-breaking weather events, nobody cared, but now that climate change controls the narrative, similar to when people went to war, humans are willing to accept being taxed more.
Now, at least during the periods of war, the people being taxed more had a purpose, in the modern era, the working class in America are being disincentivized to work. With that said, what’s actually happening in America is FIAT DERIVED HYPER-INFLATION, BUT… The actual U.S economy is deflating. Huh? You say! How could the economy be deflating but prices for goods and services are going up? That’s because most people don’t understand the WEALTH EFFECT
When central banks provide liquidity to the markets, it’s nothing more than malinvestment meaning that BAD IDEAS ARE ALLOWED TO FLOURISH. If let’s say the U.S dollar was backed by Gold, there would be no multi-trillion dollar public deficit, which would mean at best if Americans genuinely believed in climate change, there wouldn’t be a carbon tax, what would most likely happen is the government would reward the PRIVATE business that could provide clean energy.
Nuclear power solves the dirty energy problem, everyone knows that, but the carbon tax provides welfare for corporations. I’ve said this over and over again, Tesla Inc. has yet to turn a profit, Tesla Inc is the perfect example of corporate welfare. The inflated stock price of Tesla Inc. is exactly what’s wrong with the Stock Market, if the Central banks weren’t providing so much liquidity nobody in their right mind would buy Tesla inc. But actually, allow me to reword this so it aligns with the theme of this post.
The labor unions artificially drove up the U.S cost of labour and therefore problems America could solve in a few years, will never be solved and at best will be outsourced to countries like China. Just being honest I don’t know how to communicate a message to ALL wage earners, that the government via labor unions many of which are international organizations are making you poor. But the wage earners screw themselves over by allowing people who don’t work to be included in their group.
With most politicians, they like to conflate or combine low wage earners with people dependent on government money and government benefits and this ultimately screws over the young working classes because I hate to tell you young working people, there are millions of people in America who have NEVER worked an honest days worked in their entire lives and these people will INTENTIONALLY vote to impoverish working-class people.
Labor unions many of which are international organizations, in the modern era work side by side with corporatists and corporatists are zombie companies that require corporate welfare to survive. I like to point out Tesla Inc. because they laid out the blueprint for carbon taxes. Tesla Inc. was one of the first beneficiaries of Green Corporate Welfare Now, that other companies including the Labour unions have figured out that these carbon tax schemes work, many of lobbied the government to make carbon taxes/Corporate Welfare PERMANENT!
How this all relates to minimum wage earners is that for the foreseeable future, energy costs are going to be artificially high and the entities which will be the beneficiaries of corporate welfare, will be incentivized to keep this climate change scam going for as long as possible, meaning that poor will remain poorer.
If this climate change scam was real, as I’ve been saying for years, the government would do a similar scheme as they do to get people to take the COVID-19 vaccines. The government would offer a ONE TIME CASH REWARD to any entity that could solve our dirty energy problem.
The Carbon tax is permanent and the government after taxing the poor and middle class with higher prices then gives that money to corporations to “solve” climate change. It’s a scam and Joe Biden and any world leader that signs onto this scam are impoverishing poor people!
Interesting times ahead