An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Wednesday, July 10, 2013
Eric W. Dolan — Billionaire Charles Koch on helping the poor: Eliminate minimum wages
Charles Koch, the billionaire co-owner of Koch Industries and libertarian financier, thinks poor people would be better off if companies could pay them less than $7.25 per hour. In an interview with the Wichita Eagle, Koch said economic freedom was…
It's funny, the country which ranks as no.1 in the heritage foundation's 'economic freedom index' - Hong Kong - is a country where the government owns ALL the land, and half the population lives in public housing.
ALL the land. Can you imagine the Kock bros advocating that for the US?
I think everyone should be free to inherit an oil company from their daddy.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIt's funny, the country which ranks as no.1 in the heritage foundation's 'economic freedom index' - Hong Kong - is a country where the government owns ALL the land, and half the population lives in public housing.
ReplyDeleteALL the land. Can you imagine the Kock bros advocating that for the US?
Bless his heart, nice man Charles Koch, looking out for his poor brethren this way.
ReplyDeleteSarcasm seemed appropriate for some reason.
What are the chances that the minimum wage will be abolished in the United States?
ReplyDeleteAs long as we have a government-privileged credit cartel then government help for its victims is required by justice.
ReplyDeleteHe who oppresses the poor taunts his Maker, but he who is gracious to the needy honors Him. Proverbs 14:31
He who oppresses the poor to make more for himself or who gives to the rich, will only come to poverty. Proverbs 22:16
"people with limited capital "
ReplyDeleteThis is funny... its like he thinks everyone out there is a "little capitalist" or something...
Greed is a disease.
ReplyDeleteI bet he never laughs for pure joy...