what do you stand for?

Is Minimum Wage Another Distraction? Let’s talk Basic Income, Shall We?

Originally posted at PopularResistance.org

Cheri Honkala of the Poor Peoples Economic Campaign and Vice President of the Green Shadow Cabinet joins the host Dennis Trainor, Jr. and the Resistance Report panel (Nicole Carty (The Other 98%), Julianna Forlano (Absurdity Today) and Joel Northam (Acronym TV Contributor) – to discuss the jobs crisis in the United States, the perpetually underemployed, and the impact of a raise in the minimum wage versus a policy that guaranteed an income for all.

2 Responses to “Is Minimum Wage Another Distraction? Let’s talk Basic Income, Shall We?”

  1. jeherendeen

    A good start! But–referring to a comment about 3/4 of the way through this– that taxes would have to go up in order to pay for a living minimum wage/decent social safety net: if we did it right, taxation would be a LOT more progressive, so that multi-millionaires would be paying the bulk of the taxes, instead of the working poor & middle class, the way it is now. Alternatively, if we moved to a currency NOT based on debt, we could have every thing we needed w/out having to be slaves to private bankers: see Ellen Brown’s WEB OF DEBT, and publicbankinginstitute.com. Even looking at it in a more conventional, conservative framework, e.g. that of Catherine Austin Fitts, we could easily save a lot of money by spending money getting ordinary people back to work, instead of handing out welfare to the likes of JP Morgan Chase, Lockheed Martin, General Dynamics, Boeing, etc. Legalizing illegal drugs and ending foreign wars of aggression would help considerably, too.

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  2. Doug Hendren

    I agree with you on the debt currency and private bank issue. Ellen Brown’s newest book “The Public Bank Solution” takes the analysis further. Brazil, Russia, India, China, Japan, Germany and other major economies have big public banking sectors able to serve the public interest and limit the power of predatory banks. As Ben Franklin found out long ago, a public bank can support public works and well-being and reduce or eliminate the need for taxation. The Federal Reserve System sounds like it belongs to us, but is 100% owned by private interests. It creates an enormous “internal tax” on our society equal to about 30% on the private sector. Public banking could reduce the cost of badly needed US infrastructure costs by 40%. Our current system is a modern form of debt servitude, and is something we can change. Check out the Public Banking Institute, http://publicbankinginstitute.org

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