By the way, could we not help the poor in a more fiscally conservative manner? For instance, seeing that the poor take more of the brunt of inflation than the rich do, and seeing that the rich pay more in taxes already anyway, why not jus use that money to pay off the national debt.
First off, it would help curb inflation, which would help the poor especially seeing that they can't hedge against inflation like the rich can.
Secondly, paying off the national debt would hep to push interest rates down. Seeing that the rich are most likely to benefit from high interest rates on money they've lent to others, an the poor are likely to benefit from lower interest rates on money they've borrowed, it would seem to make sense that, just like inflation, keeping interest rates low also helps the poor.
Thirdly, a minimum wage followed by inflation simply negates itself out anyway, not to mention that in the initial stages it would price some of the poor out of the market. So, rather than raising the minimum wage, how about simply democratizing the workplace so as to let workers and employees negotiate fair wages among themselves, and then adopting a fiscally conservative 'tax-and-axe' policy so as to balance the government budget and in so doing benefit the poor by controlling inflation ad interest rates?
The only real socialism I could truly support would be in the field of education. After all, we all have an obligation to ensure our neighbour has a chance to learn how to fish. No one should starve owing to lack of education or skills. That said, beyond that, it ought to be free market all the way except to protect the public from unscrupulous behaviour such as drugs, prostitution gambling and such.