Nah they don't care for economics and increasing gov income like that. If they did, they'd lower taxes except for tarrifs to below the laffer-curve peak (there's actually 2 'optimal' spots on the laffer curve as the common explanation is oversimplified, there's a more immediate optimal gov-income one, and a future orientated lower present-day rate which then generates increased future returns). But they don't do this. Why?
Because you're working under a false premise, the min wage workers aren't funding all that much when you consider what the cost of welfare and services to them is, and the dems don't care about increasing gov income from them all that much.
What they care about is being perceived as caring about the lower income workers and the unemployed, and to low iq dregs an increase in min wage looks like it does that, all while actually ensuring that many remain dependant on the government. Which increases their power. This is the point. Imagine being able to be seen doing good while making multitudes dependant on you. That's the play. It's about power and personal wealth, not gov income as such.
The rank and file democrats want to be perceived as caring.
The party elites want to destroy the middle class, which is what minimum wage does. Minimum wage work has less value than the minimum wage, which means it's taking money from somewhere else to cover that gap.
The money comes from people who interact most with minimum wage jobs. Most people eating fast food to pay for $20/hr workers are not the rich - they have private chefs. So the minimum wage is continually sucking money out of lower and middle class workers and dragging them down.
Or an example: if minimum wage goes from $10 to $20 and you're middle class making $50/hr then you'd need a 20% raise just to keep up in terms of raw dollars whereas a rich person making $500 and hour only needs a 2% raise. And that's only raw dollars, which are now worth less, so you'd actually need probably a 50% raise which you'll have to fight tooth and nail for and will lag the minimum wage increase.
Nah they don't care for economics and increasing gov income like that. If they did, they'd lower taxes except for tarrifs to below the laffer-curve peak (there's actually 2 'optimal' spots on the laffer curve as the common explanation is oversimplified, there's a more immediate optimal gov-income one, and a future orientated lower present-day rate which then generates increased future returns). But they don't do this. Why?
Because you're working under a false premise, the min wage workers aren't funding all that much when you consider what the cost of welfare and services to them is, and the dems don't care about increasing gov income from them all that much.
What they care about is being perceived as caring about the lower income workers and the unemployed, and to low iq dregs an increase in min wage looks like it does that, all while actually ensuring that many remain dependant on the government. Which increases their power. This is the point. Imagine being able to be seen doing good while making multitudes dependant on you. That's the play. It's about power and personal wealth, not gov income as such.
The rank and file democrats want to be perceived as caring.
The party elites want to destroy the middle class, which is what minimum wage does. Minimum wage work has less value than the minimum wage, which means it's taking money from somewhere else to cover that gap.
The money comes from people who interact most with minimum wage jobs. Most people eating fast food to pay for $20/hr workers are not the rich - they have private chefs. So the minimum wage is continually sucking money out of lower and middle class workers and dragging them down.
Or an example: if minimum wage goes from $10 to $20 and you're middle class making $50/hr then you'd need a 20% raise just to keep up in terms of raw dollars whereas a rich person making $500 and hour only needs a 2% raise. And that's only raw dollars, which are now worth less, so you'd actually need probably a 50% raise which you'll have to fight tooth and nail for and will lag the minimum wage increase.