February 23, 2015

Millionaire thinks mentally ill should be paid $2 an hour

If you think you've already heard the worst thoughts of the wealthy, check this out:

Daily Mail, UK - A financial services CEO worth $70 million told the Daily Show that he opposes the minimum wage because workers are simply 'worth what they're worth.'

'I'm not going to say that we're all created equal,' Peter Schiff, CEO of Euro Pacific Capital and outspoken libertarian, told correspondent Samantha Bee.

Schiff said some people are only worth $2 per hour, specifically the 'mentally retarded.'

Millionaire financial commentator Peter Schiff said he's totally behind paying 'mentally retarded' workers $2 per hour

'If we eliminated the minimum wage law then individuals would be free to accept jobs at whatever pay they're able to get,' said the millionaire Beverly Hills High School alum.

Last month, he posted a video online in which he protested Wal-Mart workers who were demonstrating outside a store as part of a campaign that would raise the retail giant's--and largest employer in America's--hourly wage.

'Would you contribute 15 percent of the price of that TV for the Wal-Mart workers?' he shouted at a man carrying a TV out of the store. 'They are counting on you to pay higher prices!'

'You're worth what you're worth': The outspoken libertarian says that not everyone is created equal and it all just boils down to supply and demand. Besides, he said of fast food workers, 'they don't seem desperate and hungry to me'

The workers were part of a group fighting to get full-time Wal-Mart workers paid just $25,000 per year.

The U.C. Berkeley grad, who's father Irwin Schiff is serving a 13 year prison term for tax evasion, made it clear that he believes that workers are too often painted as hapless underdogs.

'It's socialism that creates scarcity, that creates famine,' Schiff said. 'In a free market, there's plenty of food for everybody, especially the poor.'

3 comments:

Anonymous said...

Schiff must be a real jerk

Anonymous said...

'You're worth what you're worth'

What a mindset! Human beings only possess economic value as set by commerce!

This has always been a basic weakness in capitalism.

It attracts sociopaths.

Anonymous said...

The psychopathy is strong in that one.