USA move closer to equality in wages
- Thread starter Jimdamick
- Start date
Lucky Luke
Well-Known Member
You keep being wrong and jumping to diff ideas and points.
And making up stuff. Where did i say you should add debt?
Your saying that money does not go into banks but trillions of it are, offshore, parked not earning interest. But we all know interest gets earned on it. Compounding interest is an easy way of making a good return. Super annunciation funds use it to great effect.
Money goes where its put. Because its an artificial thing. The more disposable income people have the more that gets moved around.Money moving around creates jobs. Jobs create a larger tax base and more money moving around.
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Padawanbater2
Well-Known Member
He refuses to comprehend this
More people with more money is better for a consumer economy
If everybody prospers when corporations/billionaires pay lower taxes, then why isn't everyone prospering now since both corporations and billionaires are paying the lowest taxes since the Great Depression? How will cutting their taxes even more help?
@NLXSK1 care to answer either of those questions?
ttystikk
Well-Known Member
He's going to create jobs by moving all the seaports to higher ground.
UncleBuck
Well-Known Member
you would be included in the U6 number, and you consider yourself a successful business owner. even though you are not successful in any way. you are actually a failure in all ways.
Lucky Luke
Well-Known Member
Scares me that people like him get to vote.
Says allot about the education system and the control of the media. It must get brain washed into them for them to be so set in their opinion but not understand why they are. And then wont see the very simple concept that is a free market economy. I can understand people not getting the finer ins and outs (i have trouble with that to) but the concept is simple and makes sense.
Scariest part is that often its the people on a non livable wage who think that a pay increase is bad.
Its like Free healthcare. We have it here and have done since the 1980s. It does work. Is it perfect? Nope, but it does work. And again its generally the people who would benefit the most who say its bad. But i spose thats a whole nother debate for another day.lol
Says allot about the education system and the control of the media. It must get brain washed into them for them to be so set in their opinion but not understand why they are. And then wont see the very simple concept that is a free market economy. I can understand people not getting the finer ins and outs (i have trouble with that to) but the concept is simple and makes sense.
Scariest part is that often its the people on a non livable wage who think that a pay increase is bad.
Its like Free healthcare. We have it here and have done since the 1980s. It does work. Is it perfect? Nope, but it does work. And again its generally the people who would benefit the most who say its bad. But i spose thats a whole nother debate for another day.lol
StonyLaRoux
Member
While your money is parked in banks, they use it to purchase bonds. A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities. Owners of bonds are debtholders, or creditors, of the issuer.
That is what your money is doing, stimulating the economy. If your money is in a local bank, you are helping fund local business and projects. Isn't finance neat?
StonyLaRoux
Member
Please refer to a book on business and finance. These wild guesses of what is happening are funny. What do you think the Illuminati is doing with your money son?
StonyLaRoux
Member
If you read more you might have a better
"Of cause money grows sitting in a fkn bank vault..its called interest"
what are you going to do, water it in that vault and interest just pops up. You have to vest in something. Vaults are for safety deposit boxes, personal belongings and such including the physical bond coupon you may have purchased. Off-shore rates are just that, the rate off shore as they invest in different markets that are not involved in the markets we deal in.
When the bank grows your vault money, refer to 1 or 2 posts back, they are purchasing bonds or issuing loans to Joe Blow for his new car or house. That is how vault money grows.
this one was the best
"Of cause money grows sitting in a fkn bank vault..its called interest"
what are you going to do, water it in that vault and interest just pops up. You have to vest in something. Vaults are for safety deposit boxes, personal belongings and such including the physical bond coupon you may have purchased. Off-shore rates are just that, the rate off shore as they invest in different markets that are not involved in the markets we deal in.
When the bank grows your vault money, refer to 1 or 2 posts back, they are purchasing bonds or issuing loans to Joe Blow for his new car or house. That is how vault money grows.
Lucky Luke
Well-Known Member
Which is why they give you interest on the money you have in there. To encourage you to place the money there so it can be loaned out.. You wouldnt put trillions of dollars offshore in a safety deposit box (unless its illegal money maybe and then it would need to be a big box..) it would be in an account/invested earning interest. You have taken the word "Vault"and used it literately and not as what was meant (my fault). But I could argue that when you deposit money into an account at the local bank it does indeed go down to the Vault. Because it is showing in ur account it is earning interest for you sitting there. But then you ended up agreeing with what i said at the end when you said "Vault money grows".
Im not a financial expert and have stated that, also some terms I use would mean something a little different their than here and vice versa.
Your taking my arguments out of context from the reply's i was addressing. But thank you for your enlightenment dad.. (i hope ur older than me, but sadly you probably wouldn't be).
I have no idea who the ilumnati are but im assuming they would be using my money to make money or they make porn..same deal really.
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bluntmassa1
Well-Known Member
What kind of loser works at McDonald's and only McDonald's? Dude needs to invest in some grow lights or shroom spores or quit bitching.
Since when has McDonald's been a good job?? I worked there for like 2 months when I was 17 never looked back.
Michael Huntherz
Well-Known Member
http://www.msnbc.com/rachel-maddow-show/deficit-shrinks-1-trillion-obama-era
Yeah, it isn't working, the trade deficit has shrunk by over a TRILLION dollars under Obama, what a failure.
You are talking out your ass, you don't have your facts straight at all. Not about Reagan, not about Obama. And Kennedy's tax breaks were in a completely different economic climate and context.
If minimum wage is so fucking livable, why don't you try it yourself? Surviving (and spiraling into debt) isn't thriving.
Someday something bad will happen to you, you'll need social welfare and I say we give it to you even though I hate your fucking guts. Yes, I believe even "bad people" should have access to welfare.
Raising taxes on the rich and giving the poor a break isn't redistribution it is sane taxation.
The middle class consumer class drives economic activity.
bluntmassa1
Well-Known Member
Well I'm kind of one of them unemployed but I make a whole lot more money than minimum wage but I do pay in a little for taxes. So really if you ain't looking for a job you must have a hustle or three going on.
Michael Huntherz
Well-Known Member
Your ignorance of economics and finance is showing.
bluntmassa1
Well-Known Member
More people with more money? You mean less people with more money right?? McDonald's ain't going to have so many people working for them 2 people can run that entire kitchen it's so easy everything is automated in that kitchen throw a bag of nuggets down the timer goes off when it's done, burgers too down to grilled chicken. Only time they ever had more than 2 people in the kitchen at the one I worked at was the busy hours and they would only work like 3 hours.
So less people with more money that is a big fail and the price of a burger is going up already instead of $1 for a Mcdouble they want almost $2 and minimum wage has not changed yet.
They will have McDonald's fully automated only workers will be in the kitchen they will save a lot of money and that junky bitch's register won't be short every day.
Is it good? Should I really build a factory in the USA? Not when $8 a day is a good rate at most sweat shops. I paid almost $200 for a pair of boots guess how much the factory pays for the same pair to be manufactured in the Dominican Republic? I'm going with less than $20.
ttystikk
Well-Known Member
Mr Obama saved us from the Second Great Depression, and in doing so he did not completely discredit this trickle down, supply side drivel... and since the banking and political structures that got us into the mess weren't dismantled like they were in the '30s, he has been unable to see the middle class prosper, giving an opening to the right wingers who can keep shoveling their horseshit into the minds of those without the economic background to understand they're the ones being screwed.
@Lucky Luke a lil current history for you. I'm a Bernie 'Sandernista' because I believe he's the only way out of the trap this election cycle. I also don't believe the American electorate is smart enough to see this, so we'll end up with right wing or right wing 'lite', neither of which will effectively address our economic and moral malaise. Why not? They've been bribed by the system now in place.
The corruptionists have won, and until that's addressed head on, I fear our country will keep circling the drain- while dragging the rest of the planet down with us.
ChesusRice
Well-Known Member
And if Sanders isn't on the ballot
You plan on writing him in basically giving a vote to Trump
Great solution
sticky_bud_love
Member
I own a business....not my first. I can tell you from personal experience that raising wages increases my cost to run my business...and since running a business is capitalism and the goal is to make a profit, I then have two choices - lower my expenditures in another area of my business or raise my prices to cover the increase of the higher wages. My goal is to be profitable so I can feed my family, pay my own bills and try to put some away for a rainy day.
Since I spend much of my time trying to find ways to lower my costs, the only way to lower anything to have any significant effect is to lay people off or shave what I can in compensation (i.e. lower my match to their 401k contributions, stop providing free soda/snacks/coffee/ANYTHING, etc etc...and they'll hate me for taking it from them). So while they may see a bit of a higher number on their paychecks, it's also increasing how much is taken out in taxes/soc security/entitlements which, in my humble opinion, what is really driving the 'raise the minimum wage' train -- dot gov wants a new pair of shoes...! ...or repay the state pensions...!
Point is, from a business owner/operator perspective, if you force a pay raise on me it makes it more difficult (if not impossible) to remain profitable. I'm going to have to lay people off and/or raise my prices to my customers who will in turn do the same to their staff/customers and on down the line it goes.....eventually the products on your Walmart shelves, in grocery stores, restaurants and other places you buy the things you use every day will increase by a similar percentage as the minimum wage increase.
States that don't force a minimum wage increase will be more attractive to business owners because, hello, operating costs are lower. And if I'm a business operating in a state that increases its minimum wage, my first thought would be to locate warehouse space in a neighboring state that doesn't have said minimum wage increase. I'd lease it, run my admin from my original office and just move the manufacturing/production to the new warehouse a state over. Keep my salary people where they are, put a manager on-site in the one-state-over warehouse and raise prices to cover the cost of having to move operations.
It's all perspective IMO. Those who have never run a business or have spent their entire lives working for someone else will want the minimum wage increased....most of who they know are in the same situation as them, so doing so will help not only themselves but most of the people they know and spend time with. Anyone running a business (no matter how small) that employs people will only think of the impact on their business's profitability and it's common sense that a raise of the minimum wage causes people to be laid off and prices to increase.
It's ironic...the increase in pay those making minimum wage will get won't be close to make up for the increase in goods & services will see within 2 years of the wage increase. They're just too short-sighted or ignorant to recognize it.
Minimum wage was never intended to be a career or a means to support a family....if those who feel so strongly that those making min.wage need financial help, they should get behind abolishing the payroll tax altogether so they get the intended raise without having to increase the minimum wage. But that debate will never be had because the powers that be in Washington are already running the country on a $500 billion per year deficit. If this country were a business, it'd be bankrupt....and if an increase to the minimum wage were forced upon that business..? LOL, we'd lose half our population.
/rant
Since I spend much of my time trying to find ways to lower my costs, the only way to lower anything to have any significant effect is to lay people off or shave what I can in compensation (i.e. lower my match to their 401k contributions, stop providing free soda/snacks/coffee/ANYTHING, etc etc...and they'll hate me for taking it from them). So while they may see a bit of a higher number on their paychecks, it's also increasing how much is taken out in taxes/soc security/entitlements which, in my humble opinion, what is really driving the 'raise the minimum wage' train -- dot gov wants a new pair of shoes...! ...or repay the state pensions...!
Point is, from a business owner/operator perspective, if you force a pay raise on me it makes it more difficult (if not impossible) to remain profitable. I'm going to have to lay people off and/or raise my prices to my customers who will in turn do the same to their staff/customers and on down the line it goes.....eventually the products on your Walmart shelves, in grocery stores, restaurants and other places you buy the things you use every day will increase by a similar percentage as the minimum wage increase.
States that don't force a minimum wage increase will be more attractive to business owners because, hello, operating costs are lower. And if I'm a business operating in a state that increases its minimum wage, my first thought would be to locate warehouse space in a neighboring state that doesn't have said minimum wage increase. I'd lease it, run my admin from my original office and just move the manufacturing/production to the new warehouse a state over. Keep my salary people where they are, put a manager on-site in the one-state-over warehouse and raise prices to cover the cost of having to move operations.
It's all perspective IMO. Those who have never run a business or have spent their entire lives working for someone else will want the minimum wage increased....most of who they know are in the same situation as them, so doing so will help not only themselves but most of the people they know and spend time with. Anyone running a business (no matter how small) that employs people will only think of the impact on their business's profitability and it's common sense that a raise of the minimum wage causes people to be laid off and prices to increase.
It's ironic...the increase in pay those making minimum wage will get won't be close to make up for the increase in goods & services will see within 2 years of the wage increase. They're just too short-sighted or ignorant to recognize it.
Minimum wage was never intended to be a career or a means to support a family....if those who feel so strongly that those making min.wage need financial help, they should get behind abolishing the payroll tax altogether so they get the intended raise without having to increase the minimum wage. But that debate will never be had because the powers that be in Washington are already running the country on a $500 billion per year deficit. If this country were a business, it'd be bankrupt....and if an increase to the minimum wage were forced upon that business..? LOL, we'd lose half our population.
/rant
tokingtiger
Well-Known Member
with such a close vote, it shows how well the Propaganda machine is working. But this is America, the Capital of Brain Dead ZombieVille. Where everyone is all worried about voting for such a bad president to make sure the other worst president does not get the office. I think most chimps have better thinking skills than the idiots in America? There are 2 other larger parties with Presidential Candidates BETTER than either the Dem's or GOP are offering? They do not show these others in the fake News so you are too stupid to google, read about them, and THINK.. love me? hate me? but i speak simply and truthfully.
ttystikk
Well-Known Member
Nice list of Faux Spews talking points, but the government doesn't work like your small business. Why? Because your small business operates in the legal environment government sets.
Your business would suffer only if no one else had to raise minimum wages, AND if most people earned minimum wage or close to it. Neither of these basic assumptions are correct.
What will happen is that only those businesses who employ lots of near minimum wage workers will need to raise prices - and increased demand from all those workers with additional spending power will spur the economy and help drive your business by increasing SALES, which is where your paycheck and everyone else's who works for you ultimately comes from.
DEMAND SIDE ECONOMICS; CUSTOMERS DRIVE PROFITABILITY. If you haven't figured this out by now, you're running your show like your hobby- no wonder you're feeling squeezed.
The customer base has been so abused in this country for so long that we've lost the very middle class that used to drive our economy to be the envy of the world. When was that? The 1950s and 60s... when corporate taxes were higher, tax on wages lower, worker incomes were higher due to unions...
And we as a nation did great things, like set foot on the moon.
Now our paranoid country has built a monster military off the backs of higher taxes on workers- who also got stuck with lower wages, destroying their buying power as consumers of goods and services like the ones your business provides.
It's time to start voting for your workers, bro; without them, you got no business, because yours and everyone else's workers ARE the drivers of our economy and taking money from their hands actually IS taking it from your own mouth.
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