Comment Re:Stupid reasoning. (Score 1) 1094
This is particularly the case today when most money is seating idle in bank accounts and treasury bonds.
Whose bank accounts and treasury bonds? I assume you are hinting at owners of companies who employ large numbers of minimum-wage workers, but what about the owners of companies who don't employ many minimum-wage workers? Increasing minimum wage doesn't make much of a difference for them, and certainly doesn't cause them to contribute more to the system that got them there.
This is one reason I don't care to jump on this bandwagon of raising the minimum wage. It puts the whole burden on low-skill industries.