just so u know i am pro capitalist but still learning and want to sound halfway educated, any help would be appreciated..here is what he had to say
But the minimum wage in the EU is about 20 US$ It all makes sense there. I guess the USA may be in for a greater change (I hope so anyway) -- you have a huge population that could be taxed at a much higher rate than what is current. It's so funny it hasn't been done before now. I'm thankful of Mr. Obama and his socialist ideology.
As for Canada, the reason our minimum wage is still lower, is because prices of goods are still lower - we're still highly taxed on our paycheques, but because of our oil and mineral wealth we're given a break (compared to the Europeans). Gas is like 2.50 euros/litre in most EU countries!! It's just 90 to 95 cents / litre here in Canada.... we're the second leading oil exporting nation after the Kingdom (Saudi Arabia). And, most of our oil goes to the USA and China.
Get used to socialist ideology - you'll be faced with it outside your country's capitalistic bubble. (honestly!) We've already seen the failure of Capitalism.... with American auto companies going bankrupt and banks before that. Canadian banks are fine... I was so offended that the governments of the USA and Canada put money into the auto companies... propping them up after alllllllllll the many, many years they posted outrageous profits......... Capitalists should suck it up and fall on their swords so to speak - if a certain industry fails it is because of capitalist ideology. BUT it seems the governments want to prop everything up --- it's so fake and outrageous to my mind. I seriously cannot believe 2% of my paycheque goes to auto companies (it's more in your country). Anyway... I hope they still fail.
But the minimum wage in the EU is about 20 US$ It all makes sense there. I guess the USA may be in for a greater change (I hope so anyway) -- you have a huge population that could be taxed at a much higher rate than what is current. It's so funny it hasn't been done before now. I'm thankful of Mr. Obama and his socialist ideology.
As for Canada, the reason our minimum wage is still lower, is because prices of goods are still lower - we're still highly taxed on our paycheques, but because of our oil and mineral wealth we're given a break (compared to the Europeans). Gas is like 2.50 euros/litre in most EU countries!! It's just 90 to 95 cents / litre here in Canada.... we're the second leading oil exporting nation after the Kingdom (Saudi Arabia). And, most of our oil goes to the USA and China.
Get used to socialist ideology - you'll be faced with it outside your country's capitalistic bubble. (honestly!) We've already seen the failure of Capitalism.... with American auto companies going bankrupt and banks before that. Canadian banks are fine... I was so offended that the governments of the USA and Canada put money into the auto companies... propping them up after alllllllllll the many, many years they posted outrageous profits......... Capitalists should suck it up and fall on their swords so to speak - if a certain industry fails it is because of capitalist ideology. BUT it seems the governments want to prop everything up --- it's so fake and outrageous to my mind. I seriously cannot believe 2% of my paycheque goes to auto companies (it's more in your country). Anyway... I hope they still fail.
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