Msg. 03198 of 47202 (This msg. is a reply to
03197 by
Decomposed)
Jump:
LOL I could live very well on $2500 a month, anymore.............. And I wouldn't have to work for it!! Dont get any better then that
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
The side effects of this referendum would include sky-high income taxes on income above $2,500 per month, enormous unemployment as people decide it's not worth trying to earn more than $2,500 per month, massive price inflation and huge numbers of businesses fleeing the country or folding.
My bet? It'll never happen. But it sure would be fun to watch if it did.
Switzerland had a referendum in 2014 to set a minimum wage of 22 francs/hour. (That's about $22/hour right now, since francs and dollars are practically at parity.) It failed with just 25 percent support. However, its failure was probably at least in part due to the fact that most Swiss voters wouldn't have benefited from the referendum. This new referendum is a different story. It might just pass.
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