Uber-libertarian Peter Thiel praises minimum-wage hike | The Daily Caller - Neil Munro:
February 26, 2014 - "Uber-libertarian billionaire Peter Thiel suggested he may support a spike in the minimum wage to $12 an hour because it could roll back the welfare state.
"'I actually think that it’s a very out-of-the-box idea. … It’s something one should consider seriously, given all the other distorted [government-created economic] incentives that exist,' Thiel said in a video interview conducted by the San Francisco Chronicle on Feb. 21.
"Thiel is so much of a libertarian, he’s trying to create islands where people can work and live away from national laws. He’s used some of his $2 billion fortune to fund the libertarian Club for Growth PAC and spent almost $4 million to help Texas Republican Rep. Ron Paul campaign for president in 2012....
"'“Given how low the minimum wage is, and how generous the welfare benefits are, you have a marginal tax rate that’s on the order of 100 percent, and people are actually trapped in this sort of welfare state,' Thiel told the San Francisco Chronicle.
Read more: http://dailycaller.com/2014/02/26/uber-libertarian-peter-thiel-praises-12-an-hour-minimum-wage-hike/
'via Blog this'
February 26, 2014 - "Uber-libertarian billionaire Peter Thiel suggested he may support a spike in the minimum wage to $12 an hour because it could roll back the welfare state.
"'I actually think that it’s a very out-of-the-box idea. … It’s something one should consider seriously, given all the other distorted [government-created economic] incentives that exist,' Thiel said in a video interview conducted by the San Francisco Chronicle on Feb. 21.
"Thiel is so much of a libertarian, he’s trying to create islands where people can work and live away from national laws. He’s used some of his $2 billion fortune to fund the libertarian Club for Growth PAC and spent almost $4 million to help Texas Republican Rep. Ron Paul campaign for president in 2012....
"'“Given how low the minimum wage is, and how generous the welfare benefits are, you have a marginal tax rate that’s on the order of 100 percent, and people are actually trapped in this sort of welfare state,' Thiel told the San Francisco Chronicle.
Read more: http://dailycaller.com/2014/02/26/uber-libertarian-peter-thiel-praises-12-an-hour-minimum-wage-hike/
'via Blog this'
No comments:
Post a Comment