GW: When some people are living hand to mouth, we all do better.
VS: Well, except those living hand-to-mouth.
GW: But they get a raise when they shop at Walmart!
VS: With food stamps, that they hand over to employees who also qualify for food stamps.
GW: Low wages lower prices for all consumers.
VS: But wages obviously can go so low that one can't buy anything at all, no matter how cheap.
GW: Wealthy people know best how to spend their money wisely.
VS: Well, sure--they have more practice at it! But low-paid employees are stuck making hard choices about food and rent and the light bill, and have to sometimes do stupid things because life. Wealthy people have more money, so less of their choices look stupid.
GW: I found someone who said understanding economics is easy.
VS: Then explain to me why Republicans try to balance budgets with tax cuts, and why stagnating wages should result in consumer confidence, you olefin-fiber-domed smarmy blaggard!
GW: I rest my case.
VS: MY case never ends.