Category Archives: Poverty

That why Minimum Wage is a bad idea according to the economic analyst John Sneisen

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the recent “disaster” in Seattle as the minimum wage is hiked to $13/hr following its recent hike to $11/hr.
As Josh had predicted in 2014, the minimum wage hike would lead to vast unemployment, poverty and cause businesses to look elsewhere to set up shop.
Well, the truth always prevails eventually!

According to the study,
“The numbers of hours worked by low-wage workers fell by *3.5 million hours per quarter*. This was reflected both in thousands of job losses and reductions in hours worked by those who retained their jobs.”

“The losses were so dramatic that this increase “reduced income paid to low-wage employees of single-location Seattle businesses by roughly $120 million on an annual basis.” On average, low-wage workers *lost* $125 per month.”

It’s basic economics and market principles to understand the inflation of the price of living as the wage is raised, all while employment crashes in an attempt to save the markets from total destruction. Everything the government does, the free market does better!

People have to understand the difference between the amount of money they get and actual value as value goes down as the wage is forced up.

Who benefits? McDonalds, Burger King, Walmart, the companies these “Fight for 15” activists say can afford to pay them more. Of course they can afford to pay them more, but that’s not the point. The small businesses can’t. That’s why Walmart and McDonalds support the wage hike. It leads to further monopolization and less competition in the market.
This also leads to massive job automation and will lead to vast long-term poverty rates.

Time to grasp reality folks! Just because something “sounds” good doesn’t mean it is.

The minimum wage hike begets poverty and inflation. This isn’t rocket science.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

All what Socialism ever brought is hell

Many Americans don’t think there anything wrong with socialism which that is a dangerous mindset to have because All what Socialism or Communism ever brought is hell because all mean production is controlled by the State.

In this video from Prager University show you why people in Venezuela believe that socialism had brought hell in Venezuela and why it’s a warning to USA and other countries why they should reject both socialism and communism.

Let not head down the socialist road because and hell awaits there. But let promote Capitalism where people have chance to success and survive. So let not ignore the warning from the Venezuelans because they’re learning the hard lessons after accepting socialism.

Socialism Nightmare: Venezuelans Now Eating Dogs, Cats and Pigeons to Survive

At the start of 2014, Venezuela’s GDP stood at $371.34 billion, with nearly half of that coming from oil (it accounts for almost 100% of exports). But after a year-high of $105.54 in June, crude plummeted by more than 50% to $48.51 by the end of the year. Oil has held steady in the $50-a-barrel range since, allowing the country’s socialist policies to materialize without the guise of high crude–and economic disaster has ensued.

Just this year, Venezuela has faced shortages in toilet paper, diapers and milk (and more) forcing more than 6,000 people to cross the border in Colombia to purchase necessities. The country had to ration its electricity use because of severe power shortages. It also could no longer afford to print its own money. Come 2016, the IMF forecasts Venezuela’s inflation rate to exceed 1,600%.

A Bolivarian Republic, Venezuela turned to socialism in 1998 when Hugo Chavez was elected president after two unsuccessful coup attempts to oust his predecessor. The new regime brought not only a new constitution, but higher oil prices as well. The following year Chavez passed laws redistributing land and wealth, which he followed in 2005 with a land reform decree that would eliminate larger estates to the benefit of the poor in rural areas.

In 2007 the government took control of important oil projects in the Orinoco Delta and later expropriated two U.S. oil companies, furthering Chavez’s nationalization plans.

Nationalization continued with the Bank of Venezuela and household fuels distributors and petrol stations. In 2011, with a 27% annual inflation rate, the Venezuelan government introduced price controls of some basic goods (they would extend to other products in the following years).

By the time of Chavez’s death in 2013, inflation had grown to 50% and rose to 63.4% in the following year. Towards the end of 2014, the country entered into a recession.

***

Present-day Venezuela is facing a humanitarian crisis and Nicolas Maduro, Chavez’s hand-picked successor, and his socialist regime is rightly shouldering the blame. The country’s emphasis on oil exports, price controls and a heavily-controlled economy are all features found in other current and former socialist countries–features that have contributed to the demise of whole economies, or brought them close to it.

Perhaps the most obvious example of economic failure is the Soviet Union (or USSR), With its highly centralized government and economy, the USSR survived for 69 years until its collapse in 1991, representing the longest time a state has been led by a Communist Party (China comes in second at 67 years).

While oil prices were high, the Soviet Union appeared to have a strong economy and could maintain its focus on increasing its military power. But when oil prices fell towards the end of the 1980s, the USSR found itself forced to borrow from Western banks. Its sluggish economic system and dependency on the West also weakened the control that it had over countries under the USSR’s control and eventually led to its demise. Venezuela now finds itself in the same difficult position.

Venezuelan officials like to blame the crisis on the United States and right wing business owners aiming to sabotage the system, it seems obvious that the heavily centralized state-run system inherited from Chavez is what is driving Maduro’s country to ruin. With a GDP percent change of -8% from 2015 to 2016 and an unemployment rate of over 17%, the only thing that can save Venezuela is ditching socialism.

The opposition has called for a referendum to oust Maduro this year, but the process is still in limbo–meaning relief for the Venezuelan people might not come until 2018, the next scheduled presidential election.

Even then, change can never be promised in the world’s 9th most corrupt country.

War on food: NZ University wants to tax bread, cereal, meat, eggs and milk

Source:Scoop
Date:9 July 2015
Author: Food and Grocery Council

Auckland University wants to tax bread, cereal, meat, eggs and milk

A call by Auckland University academics to tax New Zealand families’ staple foods such as bread, milk, eggs and meat is lunacy, says NZ Food and Grocery Council Chief Executive Katherine Rich. Continue reading War on food: NZ University wants to tax bread, cereal, meat, eggs and milk

GM eggplants send Bangladesh farmers into poverty as they fail for second year in a row

Source: Natural News
Date: 14 October 2015
Author: Jennifer Lea Reynolds

(NaturalNews) While many people tout the benefits of GM foods (those who profit at the expense of others’ health, of course), a majority of individuals are not staying quiet about the fact that such biotechnology methods are quickly destroying their livelihood.

Among those who are standing up for their right to plant, sell and enjoy thriving crops are farmers in Bangladesh, who are making their views known about the grave situation in which GM Bt brinjal — the first genetically modified food crop in Bangladesh — is jeopardizing their eggplant production. The plants are either not producing anywhere near the quantity of previous years or are actually dying out within one month of being planted; many farmers have said that upwards of 200 of their 500 saplings died in that short time. This marks the second consecutive year of such failings.(1,2)

“We’ve removed most of the plants after those had died about 15 days ago,” said Lovely Begum, the wife of a farmer in the country. “The officers (BARI officials) told us to do so to prevent the spread of the disease. Despite that the rest of the plants are dying out in numbers every day.”(1)

“It’s not us, it’s you” mentality exists among GM sapling distributor

BARI stands for the “Bangladesh Agricultural Research Institute,” which is responsible for distributing the GM saplings to to farmers. BARI is quick to point the fingers at the eggplant farmers, suggesting that their plants are dying out not because of possible issues with the GM saplings but because of bacterial problems linked to improper irrigation and soil type. However, farmers aren’t falling for the ludicrous blame game. Continue reading GM eggplants send Bangladesh farmers into poverty as they fail for second year in a row

Record 46.7 Million Americans Live In Poverty; Household Income Back To 1989 Levels

Source: Zerohedge
Date: 16 September 2015
Author: Tyler Durden

At this moment, president Obama is taking to the Business Roundtable where as noted previously he will discuss “the turnarounds in the stock market, housing iprices [sic?] and job growth.”

In other words: helping wealth inequality hit record levels, permitting Chinese and other offshore “investors” to push high-end US real estate prices to never before seen levels, while everyone else “benefits” from record jobs for bartenders and waiters.

As for the stock market, other socialist leaders will laugh at Obama’s puny returns.

That said, here are some things Obama will not discuss.

According to the just released Census Bureau annual report on Income and Poverty, in 2014 the official poverty rate was 14.8% as a result of a record 46.7 million Americans living in poverty. This is the fifth consecutive year since the end of the recession that the number of impoverished Americans has barely not budged. What recovery? Continue reading Record 46.7 Million Americans Live In Poverty; Household Income Back To 1989 Levels

TPP Endgame: Turn America into a Third World Wasteland

Source: Infowars
Date: 26 June 2015
Author: Kurt Nimmo

A worldwide corporate plantation of serfs indebted to global government

The end result of the Trans-Pacific Partnership (TPP) passed by a traitorous Congress will be to reduce America to a third world wasteland on par with Mexico where the median household income is $4,500.

The idea behind the so-called trade agreement is to replace and expand NAFTA, the North American Free Trade Agreement passed by the supposed liberal president Bill Clinton.

“NAFTA was supposed to create 200,000 new jobs through increased exports to Mexico but, by 2010, growing trade deficits with Mexico had eliminated 682,900 U.S. jobs, with job losses in every U.S. state and congressional district,” write Robert E. Scott for the Economic Policy Institute. Continue reading TPP Endgame: Turn America into a Third World Wasteland

More living in cars as rents go through roof

NZ Herald
4 October 2014 (Publish on 4 May 2015)

A shortage of suitable homes sees some families forced to pay 70 per cent of their income to landlords

From left: Tamasailau, Nicole, Vaiopa’a, Maua, Faaasu, Jacoba and Moanille.

 

Families are being forced into desperate measures – paying more than half their income in rent and even living in cars – as Auckland’s rental housing crisis deepens.

South Auckland social service agencies say they are seeing more families with children living in cars, camping grounds and boarding houses in the past two or three months as private sector rents become unaffordable and state houses have become almost unavailable. Continue reading More living in cars as rents go through roof

A freedom to exist both ecological and economical