Author
Exposes Hidden Government Taxes in Raising U.S. Minimum Wage
Monday the International Monetary Fund (IMF)
joined with labor unions, big government progressives and other pro-wealth-redistributionists
in nudging the U.S. government to mandate increasing the U.S. minimum wage from
$7.25 to $10 an hour.
The
IMF downgraded U.S. GDP growth by 40% this year to 2% this year, yet they still
view increasing the U.S. minimum wage as part of the solution. But bestselling
author and conservative spokesman Wayne Allyn Root believes pushing wages up is part of the
problem, not the solution.
"Like
most progressive ideas, it sounds appealing to the public, which is struggling
to stay afloat in today's stagflationary U.S. economy, but in reality it's a
farce – a giant Trojan Donkey,” says Root.
"The
truth is forcing millions of small, medium and big U.S. businesses to
artificially raise wages and will end up costing everyone more money - but it
will especially hurt lower and middle income families by raising consumer
prices via the 'hidden' tax of inflation, which is anti-growth, anti-economic
and un-American," warns Root. "Politicians
love playing Robin Hood, but lack real concern for America's poor. Instead they
want wealth redistribution costs to be passed onto business owners and
customers as an "invisible" tax. Free markets thrive on competition,
not regulation,” explains Root, “and raising the minimum wage is a proven
formula to further crush the U.S. middle class, which is the true goal of the
Obama Administration, as explained in my new book, The Murder of the Middle Class” (July 2014, Regnery).
In
Root's new Timeless Truth About Money DVD and Coined Freedom
Special Report, he explains why our money system and economy will either be
“the builder or the destroyer of American civilization.”
"History
confirms the rise and fall of nations and civilizations are always linked to
the collapse of their money systems. All civilizations start out strong, but
after about 200 years on average, one by one, they destabilized and destroyed
their culture, economy and money system with unsustainable debt and rampant
taxation," Root says in The Timeless Truth about Money.
Root
reminds Americans of the strong economic warnings from our Founding Fathers,
such as Benjamin Franklin and John Adams:
"If
the American people ever allow private banks to control the issue of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them, will deprive the people of all property until
their children wake up homeless on the continent their fathers conquered." -Benjamin Franklin
"All
the perplexities, confusion and distress in America arise not from defects of
the Constitution, not from want of honor or virtue, so much as from downright
ignorance of the nature of coin, credit and circulation." -John Adams
Root
says today our nation is caught in an economic death spiral - unless 'We the
People' can find and elect true statesmen willing to reverse these ominous
economic trends:
1)
Dependency: More Americans receive government entitlements than work full-time.
2)
Joblessness: Over 100 million working-age Americans are not working - the
highest in history!
3)
Income Stagnation: The typical American family earns less today than they did
back in 1989.
4)
A Weak Dollar: The U.S. Dollar is in a 40-year downtrend, fast becoming an 'IOU
nothing.'
5)
Global Uncertainty: Rising geopolitical crises, wild-cards and oil-wars in the
Middle East.
Root
says the first key to family survival is to begin moving yourself onto a
“personal” gold standard. Wayne is offering audiences a free copy of The Truth about
Money DVD and Coined Freedom Special Report online at www.coinedfreedom.com.
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