Gov. Kathy Hochul, after crawling to a first formal term, announced a plan so brilliant that it could have only come from Elizabeth Warren or a drunken Marxist. And I don’t mean Groucho.
“Gov. Kathy Hochul on Tuesday used her second State of the State address to unveil a wide-ranging agenda for 2023, vowing to tie New York’s minimum wage to the rate of inflation”
Brilliant plan.
Then every time the cost of goods and services rises, so will wages, which will increase costs and lead to a rise in the cost of goods and services, which will increase wages which will increase inflation.
If only there were a term for this? Oh right, wage-price spiral.
Don’t worry, as Bernie would say, we’ll just pass another law banning excessive spending, raises, profits or freedom.
Hochul is too dimwitted to even understand the consequences. And even if she weren’t, it’ll scope some woke points which is all that she cares about.
New York’s small businesses are already on the ropes. Now Gov. Hochul is telling them they can’t control payroll which leads them to think that they won’t be able to make payroll.
But it’s okay. I’m not sure there was much of a future for small businesses in New York anyway.
Linda says
This woman is actively working to destroy small businesses in NY. Is that what her voters/supporters really want to see happen??? Crazy, if they do support her nonsense.
Ugly Sid says
Refusing to accept anyone could be so blissfully stupid, this leaves only deceit.
L C says
Screaming loud message to small businesses – SCRAM – out of the state – we really didn’t want y’all anyway.
Best bet – next year they’ll bemoan all those businesses that fled the state.
So, to keep up the welfare state spending schemes +
To make up for the tax base that fled the state +
To audit all those businesses that fled the state as moving out of state is no excuse to cease paying taxes to NY (kinda like dying is no excuse to cease voting D in perpetuity)
Bet on a huge tax increase next year…and even more taxpayers will flee…the cycles repeats.
Kynarion Hellenis says
I predict we will continue to see many “dimwitted” people in power. They have proven very useful.
Una Salus says
Didn’t they already accomplish all of this during Covid while Marx’s middle class was waving little white Red Cross flags? I’m guessing they did and most New Yoikers know this.
THX 1138 says
Magical thinking. Mysticism. Manna From Heaven. The Miracle of the Loaves and Fishes. If only you believe in miracles so will I and then reality will bend to our magical thinking.
Judeo-Christianity prepared the ground for Marxism and Marxism is preparing the ground back to religion. Magical thinking is still deeply entrenched in the West.
“The intellectuals and the so-called idealists were determined to make socialism work. How? By that magic means of all irrationalists: SOMEHOW….
In the history of mankind it is EARLIER than we think.” – Ayn Rand
Una Salus says
Are the middle class who Marx said they were? No contradictions so far.
Una Salus says
“Better for King Charles to keep Prince Harry close than ‘leave him on the outside’”
I suppose these morons think that we are supposed to read keep into this, keep your enemies closer but that is just so not the case. I could be wrong. I’m not really paying attention sometimes.
Spurwing Plover says
The whole start of News York going from bad to worst will they ever learn to quit reelection these liberal democrats?
ron says
Stop all the illegal immigration and you will stop all the crisis. But rich know that overabundance of labor leads to lower wages. Surplus labor = mass misery. Shortage of labor=mass prosperity. Blame the globalist bankers and CEO’s. They are real villains, not their sock puppet political employees.
KansaiSamurai says
Anyone remember Germany, 1923?
John Sweet says
“If only there were a term for this? Oh right, wage-price spiral.”
There are a lot of terms for this: idiocy, insanity, stupidity, progressive thinking…
Steven Kardas says
More stupid commie talk for the stupid people..