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

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.