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originally posted in: "Pay low income families more" -IMF
6/16/2015 2:34:46 PM
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Just paying the poor will not work. Even if you account for the fact that "poor people make poor choices" factor, I.E. a certain segment of the population will waste any increase of pay on trivial things. We are still faced with the fact that, at least in the US, inflation and degradation of the value of the dollar is killing us. If we want to truly help the poor we need a combination of mild pay increases and a restoration of the value of our currency. We can give people as many dollars as we can print, but the power behind those dollars is what really matters.
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  • [quote]Just paying the poor will not work. Even if you account for the fact that "poor people make poor choices" factor, I.E. a certain segment of the population will waste any increase of pay on trivial things. We are still faced with the fact that, at least in the US, inflation and degradation of the value of the dollar is killing us. If we want to truly help the poor we need a combination of mild pay increases and a restoration of the value of our currency. We can give people as many dollars as we can print, but the power behind those dollars is what really matters.[/quote]

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  • This is where the introduction of superdollars comes into play..

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  • [quote]Just paying the poor will not work. Even if you account for the fact that "poor people make poor choices" factor, I.E. a certain segment of the population will waste any increase of pay on trivial things. We are still faced with the fact that, at least in the US, inflation and degradation of the value of the dollar is killing us. If we want to truly help the poor we need a combination of mild pay increases and a restoration of the value of our currency. We can give people as many dollars as we can print, but the power behind those dollars is what really matters.[/quote]

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  • [quote][quote]Just paying the poor will not work. Even if you account for the fact that "poor people make poor choices" factor, I.E. a certain segment of the population will waste any increase of pay on trivial things. We are still faced with the fact that, at least in the US, inflation and degradation of the value of the dollar is killing us. If we want to truly help the poor we need a combination of mild pay increases and a restoration of the value of our currency. We can give people as many dollars as we can print, but the power behind those dollars is what really matters.[/quote][/quote]

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