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Originally Posted by Beatlefan58
And while you have a right to that opinion (and in the context, let's remember you were speaking of being able to pay two workers $7.00 an hour), it is not the goverment's place to tell a business owner that is just getting by that it shouldn't be in business. It's just not the role of goverment.
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Only because that is your opinion. It is the government's role to tell bad corporate citizens that they need to change or cease existing. This is nothing new. We just differ on the definition of what constitutes a bad corporate citizen. The role of the government it to see to the quality of life of all of its citizens, the whole pursuit of happiness thing.
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Originally Posted by Beatlefan58
can tell we have a different idea about what the economy is, and I'll leave it at that. But even under your notions, the individual has to be responsible for what they do with the money they receive. I'm not falling into the trap of trying to tell another citizen how to spend his/her money, but let's be realistic here. Too many of those living on entry level wages don't understand economics well enough to live on such. When a person burdens himself with debt (payments on a new auto, credit card bills, etc.), dumb decisions about procreating (before one should have a child, one should be able to support oneself) and poor spending choices (cigarettes, eating out often, and the like), a check on the minimum wage isn't going to sustain that person. I handle bankruptcy cases in my law practice, and I see of what I speak all the time.
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Too many of those who think they understand economics fail to understand that economics is more religion than science. That is to say it is more about faith than reality.