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Old 06-17-2018, 03:01 PM
 
5,221 posts, read 2,377,031 times
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Quote:
Originally Posted by freemkt View Post
The chronic lack of discretionary income stops many low-wage workers from purchasing stock.

The chronic lack of discretionary income stops many low-wage workers from purchasing luxury automobiles and aircraft. This isn't something that we should be concerned with.
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Old 06-17-2018, 03:21 PM
 
2,240 posts, read 1,386,969 times
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Quote:
Originally Posted by freemkt View Post
Are you acknowledging that burger flippers won't see a wage increase if FICA employer tax disappeared?
How has the value of a burger flipper’s labor increased because a cost of business (payroll tax) has declined? Would you expect a raise if the cost of beef declined?
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Old 06-17-2018, 03:25 PM
 
2,240 posts, read 1,386,969 times
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Quote:
Originally Posted by freemkt View Post
The chronic lack of discretionary income stops many low-wage workers from purchasing stock.
A low income worker should be a lot less interested in acquiring stock and more interested in acquiring the skill set to increase their income so they can afford stock.
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Old 06-17-2018, 03:28 PM
 
33,046 posts, read 20,714,185 times
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Quote:
Originally Posted by TaxPhd View Post
The chronic lack of discretionary income stops many low-wage workers from purchasing luxury automobiles and aircraft. This isn't something that we should be concerned with.

The inability of low-wage workers to invest for retirement - or for future needs generally - is not something we should be concerned with?

I'm seeing a lot of people say we have an impending retirement crisis. Are they misguided?
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Old 06-17-2018, 03:31 PM
 
33,046 posts, read 20,714,185 times
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Quote:
Originally Posted by Thatsright19 View Post
How has the value of a burger flipper’s labor increased because a cost of business (payroll tax) has declined? Would you expect a raise if the cost of beef declined?

How has the value of ANYONE'S labor increased because a cost of business has declined (Trump Tax Cuts)?

Why did many workers get bonuses following the tax cuts?
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Old 06-17-2018, 03:33 PM
 
33,046 posts, read 20,714,185 times
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Quote:
Originally Posted by Thatsright19 View Post
A low income worker should be a lot less interested in acquiring stock and more interested in acquiring the skill set to increase their income so they can afford stock.

Some low income workers have one or more skills that can make good money.
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Old 06-17-2018, 03:35 PM
 
2,240 posts, read 1,386,969 times
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Quote:
Originally Posted by freemkt View Post
How has the value of ANYONE'S labor increased because a cost of business has declined (Trump Tax Cuts)?

Why did many workers get bonuses following the tax cuts?
The workers got bonuses after the tax cuts at some companies because it was cheap advertising and a public relations opportunity. It was also a one time payment instead of an actual increase to their base pay (because the tax cuts didn’t change the value of their labor). Of course, these bonus payments made in the first 2.5 months of the year in 2018 were allowed a 35 percent deduction instead of 21%, locking in a permanent tax difference.
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Old 06-17-2018, 03:37 PM
 
2,240 posts, read 1,386,969 times
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Quote:
Originally Posted by freemkt View Post
Some low income workers have one or more skills that can make good money.
Then it’s a good time to find a buyer who values those skills and start making more money at a company that doesn’t pay minimum wage.
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Old 06-17-2018, 03:57 PM
 
5,221 posts, read 2,377,031 times
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Quote:
Originally Posted by freemkt View Post
The inability of low-wage workers to invest for retirement - or for future needs generally - is not something we should be concerned with?

I'm seeing a lot of people say we have an impending retirement crisis. Are they misguided?

It's not a crisis for me, and I'm not concerned about it. I'll worry about my retirement, and you can worry about yours.
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Old 06-17-2018, 04:24 PM
 
Location: Wonderland
40,893 posts, read 32,658,014 times
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All I know is that my husband and I own a small company and pay ourselves from it and we pay ALL the taxes.
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