The overall movement to combat rising inequality has a new champion in California. Ron Unz, a multimillionaire republican who once ran for governor, is pushing for a referendum on raising the minimum wage in California to $12 an hour.
The referendum would take the current legislation that calls for a raise of the minimum wage to $10 an hour within 2 years, to increase it to $12 by 2016. Unz takes the position because “taxpayers for too long have been subsidizing low-wage paying businesses, since the government pays for food stamps and other programs those workers often need to get by,” according to the Christian Science Monitor.
As of late, there has been tremendous traction to raise the minimum wage as a way to help stem rising inequality in this country. There is plenty of evidence to suggest that this would be a boon for those in poverty and a boon for the economy overall. More income equals more sales, which in turn equals more jobs; it is as simple as that.
Yet there are still some rank and file republicans trying to block and add misleading rhetoric against raising the minimum wage.
This is especially important for other states to develop in order to help raise tax revenues. As the poorest in our nation have to spend all their income, states with a sales tax would undoubtedly see an increase in tax revenues. Tax revenues that could go to education and infrastructure, which would further bring more jobs and opportunity to those in states with higher minimum wages.
Watch this clip from the Thom Hartmann Program: