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originally posted in:Secular Sevens
12/17/2013 9:40:56 PM
109

Can pure capitalism exist without exploiting the poor?

All the talk of raising minimum wage has got me thinking. While, personally, I don't believe that fast food workers should be making $15/hr, I do believe that working full time at minimum wage job should at least put a roof over your head, clothes on your back, and food on your table. The minimum wage should be increasing at the same rate as the cost of living. The US federal minimum wage is $7.25/hr, which was last adjusted in 2009 - nearly 5 years ago. People working minimum wage jobs [i]need[/i] those cost of living adjustments. Letting the free market determine what something is worth is a basic principle of capitalism, yes? If the free market decides that someone flipping burgers is worth $3/hr, that person is screwed. The unfortunate part of this situation is that $3/hr is better than $0/hr, even if $3 wont buy you shit, so people will take those jobs. Capitalism is inherently emotionless. At what point does one put aside their capitalistic intentions and exhibit compassion in taking care of their workers?
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  • Edited by SoggyDiapers: 7/31/2014 5:12:35 AM
    Fast food workers definitely do not deserve $15 /hr. The only that will do is drive prices across the bored. Its always relative. Minimum wage was never designed to provide a roof. Adults who are earning minimum wage often lack the skills to work in a better field. Capitalism is about opportunity to make a better life by busting your butt and earning (trust fund kids are a different story). Want a better job, get an education or you will be left behind. With that said, the disparity between rich and poor will always be prevalent in any type of system. Even in socialist countries there is a disparity between rich and poor. Socialism basically just removes the middle class, and you are left with rich and poor. This has happened since the beginning of society. It is caused by human nature and will never change. No matter how you "spread" the wealth someone will find a way to exploit people for money. There was a study on this not to long ago which showed a natural curve that occurs in all societies. There is some issues with tax breaks and i believe these are what harm societies the most. Corporate tax breaks i think should be given to those that dont produce in other countries just because their corporate hq is within the states. I would like to see tax breaks for companies that keep at least 65% of their business within the country. I also believe companies should be given incentive to pay higher wages, provide healthcare(not forced), and help with retirement of its workers. Pensions and 401k matching needs to come back. Companies have gotten very greedy and no longer care for those who helped build their business. This is why there is no company loyalty anymore. They dont care about you, why should you care about them? Now on individual taxing, this is what needs to change the most. The tax ceiling needs to go. Being taxed on only $200k is bs. It only harms the poor. You should be taxed on all income no matter how much you make. Made $8 million, get taxed on $8 million. The super rich hardly get taxed and it creates issues in which there is not enough tax money to properly allocate funds to other projects, like the education system. Sorry for the rant, i too have thought quite a bit on this.

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