Friday, March 7, 2014

Increasing the minimum wage saves taxpayers food stamps expenditures


Paul Krugman and Bill Maher on craziness & paranoia among the clueless 1%

The comedian's version:

The economist's version:
Suddenly, or so it seems, inequality has surged into public consciousness — and neither the one percent nor its reliable defenders seems to know how to cope.

Some of the reactions are crazy — it’s Kristallnacht, they’re coming to kill us — with the craziness quite widespread; notice how many billionaires, plus of course the Wall Street Journal, rallied around Tom Perkins. But even the saner-sounding voices evidently have a hard time wrapping their minds around the notion that anyone might find 21st-century finance capitalism a bit, well, unfair.