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Unread 11-16-2007, 09:56 AM
 
Location: NM
402 posts, read 590,131 times
Reputation: 198
Quote:
What about setting a maximum wage? that after X amount all your wages become taxes to give benefits for those who earn the minimum wage? or what about setting a maximum wage that after X amount your income would be distributed equitatively thus raising people's minimum wage?


Do you think this would be useful at all?
Why yes and why not?
Travelling Fella.......http://img.photobucket.com/albums/v344/Choctawmaid/whaat2kd.gif (broken link) Maximum Wage? Surely you jest!!! As it is the minimum wage should be much higher than it is. I know many people who struggle daily to be able to feed their families, some who have to rely on state benifits to be able to accomplish that at best. To put a limit on how much one can make is just not right, This is the land of opportunity, For American citizens...NOT for illegal aliens. The sky is the limit how much they can make and more power to those who can reach the sky as long as they are legal citizens. Or for those who come here legally.
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Unread 11-16-2007, 10:34 AM
 
Location: The world, where will fate take me this time?
3,163 posts, read 6,513,771 times
Reputation: 1357
Quote:
Originally Posted by Choctaw2 View Post
Travelling Fella.......http://img.photobucket.com/albums/v344/Choctawmaid/whaat2kd.gif (broken link) Maximum Wage? Surely you jest!!! As it is the minimum wage should be much higher than it is. I know many people who struggle daily to be able to feed their families, some who have to rely on state benifits to be able to accomplish that at best. To put a limit on how much one can make is just not right, This is the land of opportunity, For American citizens...NOT for illegal aliens. The sky is the limit how much they can make and more power to those who can reach the sky as long as they are legal citizens. Or for those who come here legally.
I respect your ideas my friend but imho the land of oportunity stops being so, (at least for 95% of the population) when income is excessively concentrated, and given the current situation of American economy plus the excesive growth of executive wages something tells me it is true, wage disparities were never that pronounced in America before, well maybe in the time of robber barons, and that's why antimonopoly laws had to be enacted.

Just imagine, if a maximum wage was set, like about 1million dollars yearly, imagine the raise minimum wage could have, or imagine the amount of minimum wages that could be paid with money that would be distributed instead of being concentrated by a single individual.

In all honesty, if you make 1million dollars a year, what would be the use of more money? what would be the point of it? i'm gonna look for data on people making more than that.

One billion dollars is no longer enough

The Forbes 400 - Forbes.com

Is Mexico the land of opportunity? we have 3rd the richest man in the world! (supposedly now he is the 1st surpassing even Bill Gates)

Carlos Slim Helu, The World's Richest People - Forbes.com

just a humble idea, respect!

Last edited by Travelling fella; 11-16-2007 at 10:50 AM..
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Unread 11-16-2007, 11:02 AM
 
2,616 posts, read 2,189,626 times
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No. The corporations don't want to raise the min wage which is why they support illegal labor and Americans enable it with their marriage to Wal Mart. Americans need to look at a mirror on this issue. And the only way to curtail this problem is to enforce the laws against employers.

period.
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Unread 11-16-2007, 11:21 AM
 
Location: Kingman AZ
15,281 posts, read 17,051,114 times
Reputation: 8150
Quote:
Originally Posted by Travelling fella View Post
What about setting a maximum wage? that after X amount all your wages become taxes to give benefits for those who earn the minimum wage? or what about setting a maximum wage that after X amount your income would be distributed equitatively thus raising people's minimum wage?


Do you think this would be useful at all?
Why yes and why not?
Nope not at all. All it would do is to lower the work standards.... If theres no incentive there's no reason to work hard.

Sounds too close to communism to me......
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Unread 11-16-2007, 11:25 AM
 
Location: The world, where will fate take me this time?
3,163 posts, read 6,513,771 times
Reputation: 1357
Quote:
Originally Posted by dynimagelv View Post
Nope not at all. All it would do is to lower the work standards.... If theres no incentive there's no reason to work hard.

Sounds too close to communism to me......
What about building a new XXI century system? a new hybrid, why yes and why not?
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Unread 11-16-2007, 11:35 AM
 
Location: NM
402 posts, read 590,131 times
Reputation: 198
Travelling Fella, This old gal may be pretty thick, but I just can't see your reasoning.
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Unread 11-16-2007, 11:44 AM
 
Location: The world, where will fate take me this time?
3,163 posts, read 6,513,771 times
Reputation: 1357
Quote:
Originally Posted by Choctaw2 View Post
Travelling Fella, This old gal may be pretty thick, but I just can't see your reasoning.
Don't worry about it, I'll do my best to explain.

Change and evolution are the only constant.

We've evolved and changed from different systems for different eras, we had despotism, then monarchy, then feudalism, then capitalism and comunism, comunism didn't work and people are starting to leave it for a capitalist system, but capitalism seems to be starting to show it's age as well, as we get further into the new millenium and new century, huge changes will start to happen, they are already starting to happen, so imho a new system and new world order is necesary, but ymmv.

Imho, we are just common folk, have no real power to enact these changes but even so, the ideas of the North American Union are being discussed by us, when before this would have never happened, I believe in the power of mind and thought, so if we start to open our minds to this ideas imho these changes will come just by that.

We used to think pretty black and white before, you either were a capitalist, or a comunist, a conservative or a liberal, but we can start to get both of the best world now, imho.

I believe that we'll keep evolving, recent advances in technology have started to break the illusions of distance, the world is a smaller place now, global social movements have started now, fueled by forums, music and new thought.

And this means something (imho) , perhaps is just a small glimpse of what lies beyond.

Hope this helped for you to understand my reasoning, all these are just humble ideas and dreams.

Finally, when you believe in God and the power of love or positive energy, impossible is nothing!

Peace, Love, Light and Harmony
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Unread 11-16-2007, 11:45 AM
 
Location: Sacramento
13,134 posts, read 12,854,239 times
Reputation: 4564
Quote:
Originally Posted by Travelling fella View Post
What about building a new XXI century system? a new hybrid, why yes and why not?
This is done through taxing income, and an ongoing debate takes place about how much to tax the wealthy income group.

I'd like the discussion to go more back to minimum wage, though.
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Unread 11-16-2007, 11:50 AM
 
Location: The world, where will fate take me this time?
3,163 posts, read 6,513,771 times
Reputation: 1357
Quote:
Originally Posted by NewToCA View Post
This is done through taxing income, and an ongoing debate takes place about how much to tax the wealthy income group.

I'd like the discussion to go more back to minimum wage, though.
Ok, how do you propose to raise minimum wage without having to face inflation?

imho we would need to come with a way to boost GDP growth and productivity, how could we reach anual growth rates of 10 - 15%?

Perhaps new and more efficient technology?
New economic theories?

What are your thoughts?
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Unread 11-16-2007, 03:05 PM
 
Location: Sacramento
13,134 posts, read 12,854,239 times
Reputation: 4564
Minimum wage was increased in 1991 and 1996, with little inflationary impact. You need to see the small % of folks actually making minimum wage, and the difference between "cost push" inflation and "demand pull" inflation. This impacts cost push a little, but minimally the demand pull aspects of inflation. Interest rates, imports and exports, and raw material costs can have a greater inflationary impact, both positive and negative, than minimum wage increases.

Minimum wage history:

DOL WHD: History of Federal Minimum Wage Rates Under the Fair Labor Standards Act, 1938 - 2007 (http://www.dol.gov/esa/minwage/chart.htm - broken link)
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