2 definitions by youknow2

minimum wage

Seems like a good idea, but its not. Creates unemployment and violates freedom of contract, if you dont understand how this could be true, check out an economics book, its basic econ.

Attempting to raise the minimum wage will result in poor people losing their jobs.

by youknow2 May 9, 2005

social security

A pretty bad deal, expect less than a 1% return on your 12.4% payroll tax. Also, reduces the ability and incentive to save for retirement. Involves no creation of wealth, and the Supreme Court ruled that you have no right to social security funds, thus your benefits are highly politized. Maybe its time to start thinking about taking care of ourselves...

we would all be better off without this intergenerational redistribution of wealth

by youknow2 May 9, 2005