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re: Why so much talk of raising minimum wage? Why no discussion on cost of living?

Posted on 5/9/14 at 8:22 pm to
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36779 posts
Posted on 5/9/14 at 8:22 pm to
Maybe i'm just dumb. What exactly do you do to reduce the cost of living? Doesn't seem like that's such an easy task.
Posted by imjustafatkid
Alabama
Member since Dec 2011
51100 posts
Posted on 5/9/14 at 8:30 pm to
quote:

Maybe i'm just dumb. What exactly do you do to reduce the cost of living? Doesn't seem like that's such an easy task.


Ease restrictions.

One thing we should definitely NOT be doing is destroying coal production.
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
27345 posts
Posted on 5/9/14 at 8:42 pm to
quote:

Maybe i'm just dumb. What exactly do you do to reduce the cost of living? Doesn't seem like that's such an easy task.

Well, printing money like the Fed does means our dollars have less purchasing power. It causes prices to rise. So if you had X amount of dollars 10 years ago, that same amount of money today gets you less stuff. So if you have $100,000 in the bank, every dollar the Fed prints means your $100,000 is worth less and less. Which means your cost of living goes up.

Lower taxes lets more people keep more of their own money.

Reducing burdensome regulation, especially for small businesses allows companies to grow and expand which gives consumers more choices and ultimately drives down prices. People can't start businesses today like they used to, and it hurts the economy.

This post was edited on 5/9/14 at 8:49 pm
Posted by tigress77
BR
Member since Sep 2013
322 posts
Posted on 5/10/14 at 11:45 am to
quote:

Maybe i'm just dumb. What exactly do you do to reduce the cost of living? Doesn't seem like that's such an easy task.



First you have to have a government that wants to do so. This Admin does not want to make the cost of living lower because they believe like the UN that the reason there are poor people in the world is directly the result of industrialized nation's consumption of what they say are finite resources per U.N. Article 21; Changing Consumption Patterns; Cause for action.
Now when the UN says Industrialized Nations, they are really speaking of one main one, the U.S., not China because just as with the Kyoto agreement China is exempt.

If you look around, what goods are relatively inexpensive and what is not?
Goods that the Federal Government allows competition is relatively inexpensive, goods that competition is NOT ALLOWED, or is regulated by the Federal Govt, either by law, by regulation, and by investments by the Feds are NOT.

Health Insurance; the federal government does not allow competition at even a regional level, Federal Law does NOT allow Insurance companies to write policies beyond their domicile, so this makes their costs high, and that makes your cost high. And this is before the "train wreck" of the ACA Tax.

Housing: the Federal government created the housing bubble by operating Fannie Mae/Freddie Mac in a fiscally irresponsible, unsound manner since Carter was Prez. This bad investment is responsible for almost collapsing the finance industry.

Energy: Instead of modernizing the coal industry the Federal Government is intent on bankrupting this industry. ANWR and most; now all drilling for oil on Public land is denied by the Democrat party as well, since Clinton was in office.

Auto: The alliance between the Democrat party and Unions have turned this once prong of the manufacturing industry into a money pit needing to be baled out by taxpayers ad infinitum.

Manufacturing into The Bubble Economy: Clinton gave China most favored nation trade Permanent Status, so through this and by the direct intent to reduce the carbon output of industry by regulation, per Kyoto agreement by this Admin.
In other words we have a bubble economy not based on manufacturing so prices WILL rise because our goods aren't made here, other countries will set prices on goods consumed here.
This post was edited on 5/10/14 at 11:49 am
Posted by GumboPot
Member since Mar 2009
119406 posts
Posted on 5/10/14 at 1:03 pm to
quote:

Maybe i'm just dumb. What exactly do you do to reduce the cost of living? Doesn't seem like that's such an easy task.


Reverse intentional inflationary monetary policy.
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