"Why can't we do just one thing for minimum wage workers, no strings attached, no giveaways for the powerful?"
The subject here is tax cuts.Sen.Kennedy doesn't like them. Let's look at the senator's flawed thinking a little closer, shall we?
1. Tax cuts are not give-aways.They are GIVEN BACK, not given away. Money is earned by the individual person, business, or corporation; and then, they surrender a portion of that to the federal government, as tax. That money is not earned by the government, but collected. When there is a tax cut, it means that the government is going to collect less money.
2. Small businesses are not all powerful entities, corporations are. Small businesses account for most minimum wage workers. Small businesses, many times, work on lower margins. By forcing them to pay more, it puts them into a predicament and will likely force them to layoff. But that could be avoided, if the government (which, by definition, is powerful) would just let the business owners keep more of their own money.Most of that will go to the workers, not the business owner.
3. One has to question the real intention here. Do they want to have a minimum wage hike, for the sincere purpose of helping workers earn more money? Or do they just want to punish the bourgeoisie? Having a minimum wage increase, accompanied by a tax cut to help offset the cost to the people that will have to pay, is only fair. Well that is, it's fair to everyone except greedy politicians that take your money by force, before you ever see it.
The bottom line here is simple. Ted Kennedy has been in Washington long enough that he has become the symbol of the career politician. He is a politician who thinks that people should bow to government, not the other way around. Anyone that would be so presumptuous to make a tax cut out to be a giveaway, is someone that has been in Washington way too long.
Just shut down every small business for a week or two and we'd soon see how much revenue is lost, all across the board. Lost wages mean no withholdings. No wages mean no purchases, which means no sales tax collected. Inflation resumes. The spiral is endless.
It's all simple economics, nothing too complicated. But apparently, either Mr. Kennedy has forgotten much over his years of hard drinking, or he thinks we are all stupid enough to believe his rhetoric. Maybe, it's a little of both.
So again, congratulations to Sen. Edward Kennedy, the distinguished gentleman from the Commonwealth of Massachusetts. This one is well-deserved. In fact, Massachusetts is blessed to have two senators that deserve recognition for saying ridiculous things.