Sure, bring it up to nine bucks but is that going to solve the problem of poverty in this country? NO. Right now there are 50 Million people in America according to the Census Bureau living in poverty. There is an additional 100 Million people on the brink of poverty yet our President claims that we are the wealthiest nation in the world. That is one out of every two people in serious financial trouble. A $1.75 raise per hour is not going to save anyone. People need real jobs not minimum wage jobs.
Mortgage rates are really low now where you can get a low 3.5% rate. So, should we all go out and buy some property? Yes. Just make sure you are buying the cheapest property in the best neighborhood so that the property will still be worth something ten years from now. Where else can you keep your money growing? Money Market accounts are terrible now, they are only giving you back half a percent taxable so don’t invest there.
People who make money are being hit way too much lately. Increases in Social Security took money immediately out of your pay check. Obama Care took hundreds of dollars out of your pension checks. Income taxes and a lot of cuts eat up any money we have. We are not able to take off certain deductions anymore. When are they going to tax the rich?