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View Poll Results: Do you favor raising the minimum wage to $9 an hour?
Yes 38 36.89%
No 65 63.11%
Voters: 103. You may not vote on this poll

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Old 11-15-2013, 07:40 PM
 
18,653 posts, read 9,565,438 times
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Quote:
Originally Posted by J746NEW View Post
It was Banking and Corporate Politicians that created these disastrous foreign economic policies not the average American that created the inrush to Cheap Chinese Products. Where were the Cheap Chinese Products in this country before the policies were enacted?

It was Banking Politicians that created the "derivative scheme" that investors could not get enough of that crashed the Mortgage Industry. Where were the liar loans and cheap credit housing before the Banker Politicians came on the scene?

They are the problem.

Do you concede that it is a good Idea to Boot Wall Street and Large Corporations from having any influence in our Government?
you guys voted for those politicians.
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Old 11-15-2013, 07:47 PM
 
6,262 posts, read 2,674,555 times
Reputation: 2313
Quote:
Originally Posted by lifeexplorer View Post
The economy would still survive even you raise it to $90/hour.
What is your take on this expert that is a Top Investment Manager on Wall Street?


Who Rules America: An Investment Manager's View on the Top 1%

Everything our Government has done, has been all about propping up Wall Street.
From QE to Foreign Economic Policies, the list is endless.

While 50% of American's have a 401K, the top proceeds from it have been going to the top .5%

You don't need to be the best and brightest or top talent when you are working with other people's money, (Government Politicians and Wall Street) otherwise rocket scientist's and brain surgeon's would be pulling in 30 to 40 Million a year.



The Upper Half of the Top 1%

Quote:
Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting. Some hard working and clever physicians and attorneys can acquire as much as $15M-$20M before retirement but they are rare.

Those in the top 0.5% have incomes over $500k if working and a net worth over $1.8M if retired. The higher we go up into the top 0.5% the more likely it is that their wealth is in some way tied to the investment industry and borrowed money than from personally selling goods or services or labor as do most in the bottom 99.5%.

They are much more likely to have built their net worth from stock options and capital gains in stocks and real estate and private business sales, not from income which is taxed at a much higher rate. These opportunities are largely unavailable to the bottom 99.5%.

Quote:
Recently, I spoke with a younger client who retired from a major investment bank in her early thirties, net worth around $8M. We can estimate that she had to earn somewhere around twice that, or $14M-$16M, in order to keep $8M after taxes and live well along the way, an impressive accomplishment by such an early age.

Since I knew she held a critical view of investment banking, I asked if her colleagues talked about or understood how much damage was created in the broader economy from their activities. Her answer was that no one talks about it in public but almost all understood and were unbelievably cynical, hoping to exit the system when they became rich enough.
This sums up the leeches at the top: Get yours while the getting is good and to Hell with the Country.
Patriotism is for suckers that die fighting for these elites.


Henry Kissinger
“Military men are just dumb, stupid animals to be used as pawns in foreign policy.”
― Henry Kissinger
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Old 11-15-2013, 07:48 PM
 
6,262 posts, read 2,674,555 times
Reputation: 2313
Quote:
Originally Posted by lifeexplorer View Post
you guys voted for those politicians.
No, the media said that voting for anyone other than Romney or Obama is a wasted vote since the elite have invested so much money in them.
Anyone else is a "loon" or "crackpot" or any other excuse they will proffer in the future.

I tell you now, anyone voting for any candidate in the future backed by Big Money are the crackpots.\
They will get a third helping of BushObama Policies.
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Old 11-15-2013, 07:56 PM
 
16,711 posts, read 9,080,815 times
Reputation: 6761
Minimum wage was $0.75 from 1950 to 1956...which corresponds in 2013 dollars to $7.29 in 1950 and $6.46 by 1956.

Ike raised the minimum wage to $1.00 in 1956...which corresponds to $8.61 in 2013 and $7.83 by 1961.

1961 it was raised to $1.15 which is $9.01 in today's money. And so forth...

I don't think that raising it to $9.00 would be out of historical norms. However, perhaps the $9.00 if enacted should be phased in a bit with a two step process for the businesses to adjust better too???
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Old 11-15-2013, 08:04 PM
 
18,653 posts, read 9,565,438 times
Reputation: 5217
Quote:
Originally Posted by J746NEW View Post
What is your take on this expert that is a Top Investment Manager on Wall Street?


Who Rules America: An Investment Manager's View on the Top 1%

Everything our Government has done, has been all about propping up Wall Street.
From QE to Foreign Economic Policies, the list is endless.

While 50% of American's have a 401K, the top proceeds from it have been going to the top .5%

You don't need to be the best and brightest or top talent when you are working with other people's money, (Government Politicians and Wall Street) otherwise rocket scientist's and brain surgeon's would be pulling in 30 to 40 Million a year.



The Upper Half of the Top 1%






This sums up the leeches at the top: Get yours while the getting is good and to Hell with the Country.
Patriotism is for suckers that die fighting for these elites.


Henry Kissinger
“Military men are just dumb, stupid animals to be used as pawns in foreign policy.”
― Henry Kissinger

Look at how the federal budget is being spent. The majority of the money is spent on "the poor."

To say that the corporations have control is not true.
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Old 11-15-2013, 08:11 PM
 
Location: 60630
12,227 posts, read 17,948,542 times
Reputation: 11668
I have an Idea!

Lets raise EVERYBODIES hourly rate equal to the amount the minimum wage would be raised. So if the minimum wage get raised another 3 dollars, than to be fare we have to go up the ladder and raise every bodies wage another 3 dollars an hour. Otherwise the some managers or more senior employees would make the same money as a new hire.... And that would be unfair I think.
But I i guess now the raise was pointless.
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Old 11-15-2013, 08:12 PM
 
Location: Dublin, CA
3,813 posts, read 3,651,043 times
Reputation: 3967
Quote:
Originally Posted by Sawdustmaker View Post
So when is it finally going to SINK in?

You obviously do not own a business.

Minimum wage just went up $1.00 in my state to $8.25. My employees (all college kids) who have been with us for a while and who are making $9.00/hr aren't going to be happy when the "new kid" walks in and only makes $.75 less than they do. So OF COURSE I have to increase their wages as well and in proportion.

Again, you obviously have no clue about the reality of the day-to-day of owning and running your own small business.

Some people don't seem to understand that any min wage increase doesn't really hurt the big bad businesses hated by all. What are they going to lose? $2M of their annual $5M bonus? One of their 5 homes? Some of the year round staff in Aspen or Miami?

A consumer may not feel it at the WalMart level, but it's hurts the little guy a hell of a lot more, and in turn people get let go/hours cut. Prices will increase.

It's a trickle down effect in my industry. The wholesaler will raise prices so the distributer (regulated industry, no buying from China) raises prices so I have to raise prices ON TOP of paying more out in payroll. And due to the fact that payroll increases, my prices have to adjust even higher for keeping MY bottom line status quo.

I'm not going to take a personal hit. Why should I? Are you willing to?
Common sense means nothing to these people. So long as they get money at someone else's expense, they don't care about the facts. Only the BS. Like saying you can pass health care reform for all and it not costing "one thin dime." Raise the rates on food, goods, etc the business owner is going to pass on those costs to the rest of us.

But, so long as a bunch of people get more money to do whatever with, at someone else's expense, its ok and of course they are all for it. Who doesn't want to get paid more?
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Old 11-15-2013, 08:48 PM
 
18,653 posts, read 9,565,438 times
Reputation: 5217
Quote:
Originally Posted by Phil306 View Post
Common sense means nothing to these people. So long as they get money at someone else's expense, they don't care about the facts. Only the BS. Like saying you can pass health care reform for all and it not costing "one thin dime." Raise the rates on food, goods, etc the business owner is going to pass on those costs to the rest of us.

But, so long as a bunch of people get more money to do whatever with, at someone else's expense, its ok and of course they are all for it. Who doesn't want to get paid more?
In fact, they are just screwing themselves up.

The higher the labor cost, the higher the chance that the job will be either outsourced or replaced with automation or both.

Good luck. :-)
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Old 11-15-2013, 09:19 PM
 
6,262 posts, read 2,674,555 times
Reputation: 2313
Quote:
Originally Posted by lifeexplorer View Post
Look at how the federal budget is being spent. The majority of the money is spent on "the poor."

To say that the corporations have control is not true.

LMAO

Here are your poor dollars at work:


Food Stamps: JPMorgan & Banking Industry Profit From Misery | Roosevelt Institute

Quote:
This week’s credit check: A record 43.6 million Americans are using food stamps. JPMorgan’s segment that makes food stamp debit cards made $5.47 billion in net revenue in 2010.

You might think that if you’re on food stamps, big banks won’t be very interested in you. What could they possibly want with someone who’s struggling just to put food on the table? But it turns out that you’re actually part of a profitable business for big bank JPMorgan. While the money to pay for the stamps comes from the government, the technology to access it lies in private hands. Food stamps used to be literally stamps — that is, pieces of paper — but in this day and age paper is so old fashioned. Now you get your food stamps with a debit card, and JPMorgan knows all about creating plastic credit products.

Crazy For "Obama Phones" - But Are They For Real? - Forbes

Obama Phone


Quote:
The federal program wasn’t started by President Obama. It dates back to 1996, as part of the Telecommunications Act of 1996. The Act did a number of things, including increasing internet access to doctors and patients in rural hospitals (for consults with specialists); subsidizing internet and phone coverage for schools and libraries and providing free or subsidized coverage for families who can’t afford it so that they have links to emergency and government services.
Big Pharma And Insurance Industry Lobby Heavily For Obamacare | Libertarian News

Big Pharma And Insurance Industry Lobby Heavily For Obamacare
by michaelsuede • March 30, 2010



Quote:
Oooh snap! Looks like we’ve been right all along. All the big K Street money pumped into the House and Senate has been overwhelmingly one-sided in favor of Obama’s horrendous new healthcare legislation. Go figure. According to a study released over the weekend by “The Center for Public Policy”, a non-partisan public interest think tank in Washington D.C., it is estimated that a record $120 million was spent lobbying for health reform. In addition to direct lobbying, some of the top firms also rewarded members of Congress with campaign contributions through political action committees and individual lobbyist donations. The largest of these firms, Patton Boggs LLP, contributed more than $55,000 almost exclusively to Democrats.
Lobbying Spending Database | OpenSecrets


Quote:
Top Ranked Lobby Sectors

Pharmaceuticals/Health Products $2,736,536,143
Insurance $1,917,937,669

Electric Utilities $1,798,769,183
Business Associations $1,566,710,966
Computers/Internet $1,500,422,588
Oil & Gas $1,473,325,316
Misc Manufacturing & Distributing $1,253,512,679
Education $1,249,411,486
Hospitals/Nursing Homes $1,161,400,581
TV/Movies/Music $1,137,803,605
Securities & Investment $1,091,004,285
Civil Servants/Public Officials $1,089,990,427
Real Estate $1,061,515,651
Health Professionals $1,033,651,263
Air Transport $975,803,645
Misc Issues $834,389,251
Automotive $791,736,213
Telephone Utilities $760,260,329
Telecom Services & Equipment $755,669,991
Health Services/HMOs $715,824,792
Shall I also go into Student Loans that are supposedly to help the poor, of which are vastly inflated to make sure the big Wall Street Banks and Admin withing get a nice cut in addition to the 0% free money they are getting from the FED.


Your Heroes at the top are a Bunch of Parasites on the country, using our government tax dollars to prop them up, when my tax dollars are supposed to be going to the best interests of all citizens.

They want everyone else, small and medium business alike to prop them up at everyone else's expense.


Here are more examples of the top elite + government that is the problem in this country.


Why Does Government Always Favor the Huge Corporations?

Quote:
These Venn Diagrams show just a sampling of senior policy-makers in the Federal government that have come from or gone to three well connected corporations. Almost all of the most powerful bureaucrats in Washington come from a small handful of corporations.
Reason, Tradition and Liberty: Why Does Government Always Favor the Huge Corporations?





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Old 11-15-2013, 09:31 PM
 
6,262 posts, read 2,674,555 times
Reputation: 2313
Quote:
Originally Posted by lifeexplorer View Post
In fact, they are just screwing themselves up.

The higher the labor cost, the higher the chance that the job will be either outsourced or replaced with automation or both.

Good luck. :-)
It is quite amusing that when it was going the other direction (Down and Stagnating) due to the influx of Cheap Chinese Labor in the Global Market Place that there was no whining from the entitled elite class since they were and still are doing quite well in the Wall Street Casino's.


As some have pointed out, if you raise the minimum wage, then the next up will expect a step up and the next one and so on.

It stops at the CEO, Board of Directors and Investor Class since there is no-one else left to take from except to raise prices, which completely throws their game off.

When they found a cheap source of labor in China, the ratio of CEO pay to Worker Pay increased drastically.

Now they cry foul when there is pressure put on to reverse the trend.

It's time to take back this country from the Robber Barons that have hijacked it for their own selfish ends and create counter policies.

If it is theft to create policies in the government against them, then it is also theft when they create policies detrimental to the well being of every citizen in this country.

If all these leeches from Wall Street and the Large Corporations would leave the government and our media then most people might have a chance.
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