you're forgetting that feeding money into the poorest people incentivizes growth since we've got proof since census data shows nearly every stimulus given to the working class is spent quickly, bolstering profit margins, which bolster our taxes, meaning we have to raise minimum wage and the system repeats, ignoring this proven fact is dumb.

yeah this isn't how economics works. giving the poorest people money inevitably leads to them spending it back into the community, incentivising growth that has a slight impact on inflation, but over all it actually causes wealth generation, the only ones that get hurt by it are extreme multinationals who pay nothing in tax it's the reason why stimmy bills work so well.

If you want an example of a place where this exact thing has played out, look at australia, a country who's GDP is rising quite a bit faster than america's thanks to high minimum wages.