Some supporters of the minimum wage do so on the grounds that even it is costly, that corporations simply “pass on the cost” to their customers, who are so obviously different and richer than the workers “needing” the pay increase.
But riddle me this. What do these same people think about putting mega-taxes on the big corporations? Here is one popular opinion making the rounds.
Have a nice metaphysical day.
In other thoughts, I read this with interest:
This is apparently all done overseas in order to evade rules that govern domestic data collection. According to the story, “Two engineers with close ties to Google exploded in profanity when they saw the drawing.”
So, our government is happily engaging in off-share “tax-havenish” activity even as it berates our corporations for doing the same thing. Good enough for me but not good enough for thee. That’s what happens in banana republics, not developed nations.
And this just in from the frontlines of institutionalized thuggery:
After insurance officials publicly criticized the implementation, White House staffers contacted insurers to express their displeasure, industry insiders said. Multiple sources declined to speak publicly about the push back because they fear retribution…”The White House is exerting massive pressure on the industry, including the trade associations, to keep quiet,” [Robert Laszewski] said.” Drew Griffin and Chris Frates in CNN.
That was from Wonkblog.