Ashful
Minister of Fire
I've seen you echo this sentiment several times, and it's flawed logic. Yes, folks at the bottom might spend every dime they make, but they're still spending a hell of a lot less than me. I spent more on home improvement last year than someone making minimum wage will even make in a year, all money directly back into the economy. Hell, I spend more on my combined utility bills than some people make per year. Al Gore spends more on jet fuel each year than you'll make between now and you're retirement. Folks at the bottom might not be saving much, but they're certainly not spending much either.It would mean a lot more money right back into the system buying the products and services you sell. People at the bottom spend every dollar they make and save almost nothing.
Now, to add another bit of unsupported claim to the fray, I'd argue that those at the top of the ladder are adding more to job creation at the local level (I have at least one contractor working at my house almost every week), than those at the bottom of the ladder (who are spending a larger percentage of their money at mega-corp WalMart and McD's). How many stone masons, carpenters, and painters is someone making minimum wage going to support?