St. Louis, Missouri businessmen are having a hissy-fit over the local proposal to raise the minimum wage to $15.00 per hour. Some business owners predict that the St. Louis downtown area will become a ghost town with hamburgers costing $18.00- to-$20.00 and a beer costing $9.00- to-$10.00.
A quick look at three industries raises my eyebrows. In 2011, the Tyson Chicken CEO's reported salary was $7.8 million dollars. The Anheuser-Bush InBev Company had a 2014 total revenue of $47 billion (that's BILLION w/ a B). The president of the giant beer company received shares (that year) worth $40 million. And then there is Coca Cola. Coke's head cat (2013) had a $1.6 million dollar salary, $6.5 million dollars in stock awards and $9.3 million dollars in stock options. He had use of a corporate airplane, a personal driver and security cover.
Here's the DEAL, former President Ronnie Reagan's economic 'Trickle-Down-Theory' dribbles like a seventy-six year-old man taking a 3 AM whizz.
As Ray Charles sang: "Them that's got is them that gets..."
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