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The "Trickle Down" apparently doesn't extend to higher minimum wages

 

CashWe recently posed a question to our readers which was intended to be quite straightforward; the responses we received proved to be anything but!  Our question was this: "If you believe in trickle-down economics, then shouldn't you support raising the minimum wage?"

Our thinking in posing the question was that the concept of supply side economics as espoused by Ronald Reagan and commonly referred to as "trickle-down economics" primarily calls for reducing or eliminating taxes on corporations and easing their regulatory burden.  As this economic theory goes, by taking such actions, it is expected that the money saved would be re-invested in the economy and, thereby, benefit all with at least some of that new prosperity finding its way into the households of the working class. 

With the rise of income inequality over the last thirty to thirty-five years resulting in such statistics as the top 400 wealthiest Americans accounting for as much wealth as the bottom 155 million Americans, it is safe to say that is clearly not happening.  Therefore, and again as straightforward as we can make it, wouldn't raising the minimum wage serve as an effective mechanism for breaking the logjam of profits at the top of the income scale and help some of that wealth find its way into the pockets of the workers as, apparently, expected by Ronald Reagan and his economic advisor, David Stockman, who readily used the term "trickle down"?

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The homeless and sex offenders

gavel2Maryland’s intermediate appellate court last month again addressed Maryland’s sex offender registry.  The law in Maryland since 1995 has provided that persons convicted of certain sex offenses must register with law enforcement as a sex offender. The case of Reynaldo Rodriguez v. State addresses the law as it applies to homeless persons.

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Learning to protect your online identity

house real estateLast year, hackers targeted a number of retailers to compromise shoppers’ financial and personal information. A recent hack of a health insurer possibly jeopardized policy holder data. And Krebbs Security (krebsonsecurity.com) reported on February 15th about an investigation being conducted by the Defense Contract Management Agency of a possible hacking.

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Flaws in comparative bullet analysis

gavel2A technique formerly used by the FBI called Comparative Bullet Lead Analysis (CBLA) was used as a forensic technique for many years to try to connect bullets found in a victim to other linked to a criminal defendant. CBLA analysis has been debunked and has led to reversals of many convictions,  and recently led to a writ of actual innocence being issued by Maryland’s intermediate appellate court in the case of Gary Ward v. State.

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