Let’s talk about the minimum wage and the XL Pipeline. Or as my liberal friends call it – me being an elitist capitalist snob or as my conservative friends call me – a socialist Marxist bleeding heart.
I am for this deal in Congress.
We need to lift the minimum wage to at least the poverty level.
But here’s what I also want. We need a drop in corporate taxes. We also need massive tax reform that would wipe out most tax deductions for businesses mainly the major corporations.
Passing XL in return also makes sense. It will create more jobs. It will keep Canadian energy dollars here in North American without letting China get a stronger foothold. It will hopefully keep energy prices down that are going to soar thanks to Russia and the Ukraine situation.
Does XL pose a risk? Absolutely. But here’s the trade off I am willing to make I the short run. I want the US to have more economic control over the world’s energy – not Russia and China. I want the US to fight this way and not with troops on the ground.
Will this deal happen in Congress?
No, there are too many special interest groups bribing – my term – our elected and soon to be elected members of Congress. It won’t happen.
But it should.
Give me your thoughts on my capital elitist socialist views.
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