Syndicated columnist Paul Krugman says income disparity is the greatest threat to the U.S. economy. Gene Barr of the PA Chamber of Business and Industry (“Higher Wages Would Hurt Small Business,” Jan. 3 letter to the editor) answers that there is no way businesses can afford to raise the minimum wage. His rationale is that the average small business makes $50,000 a year and he implies that one-third of the minimum-wage earners live in households that make $75,000 or more.
Poor people live better than business owners? What a crock.
If a business shows a $50,000 profit, is this after you deduct the salary of the owner, his/her spouse, two company-owned vehicles, gas for those vehicles, a portion of their house and utilities as their home office and maybe a salary for their son and/or daughter?
Big money and their Tea Party stooges love the income redistribution from the poor to the rich. Not content with the top 10 percent having 90 percent of the income, they want more. The U.S. House is blocking renewal of federal unemployment insurance, Gov. Tom Corbett added an attack on prevailing wage laws into the transportation funding law, a number of state Tea Party Republicans have sponsored a “right to work” for less bill.
They never let up.
Trickle-down economics was the centerpiece of the conservative revolution, but if one dollar seems to be trickling toward the underclass, you can be sure that business is there trying to stop even a single drop from reaching the needy.
I know many conservatives, and they refuse to acknowledge what is happening in their name.