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I prefer to pay people enough so that they can afford to buy what they work for. I prefer the Henry Ford way.
No, you prefer that OTHER PEOPLE pay people what you THINK they should be paid. YOU don't pay ANYONE, which is why your view of this issue is so completely wrong.
Fair market includes pay, paying employees a fair price, which means setting the minimum wage to be on par with the cost of living.
Wow. The stupidity of your posts just reached a new level.
It's astounding that you're equating fair market principles with forcing employers to pay more for labor than that labor is worth. Absolutely astounding.
I think any minimum wage hike proposals should automatically include a mandatory 20% raise for anyone currently making between the old minimum wage and the new proposed minimum wage. How is it fair for someone making $9.25 ($2.00 over minimum wage), when the minimum wage goes up to $10.00 and his/her wage is instantly 'reduced' to minimum wage? You're reducing the buying power of everyone making between the old and proposed wages, which is extremely unfair to them.
Should be interesting to see this hike when applied to the real world, when the unemployment rate starts increasing again due to the layoffs, hiring freezes and closings caused by a 20% increase in labor costs forced on businesses.
That would be between the employee and the employer. I remember once when minimum wage went up and I was making a little over minimum wage, my employer didn't give any increases because of it, but my pay wasn't effected by minimum wage.
Chile has an interesting system they put in place relatively recently. Workers are forced to pay in to the system as Americans are. However, the workers have some choices of investment options with a guaranteed minimum return. You could therefore risk a portion of your money for a potential bigger return, but everyone has a certain chunk that is set aside in guaranteed investments like CDs, government bonds, etc...
The bigger beauty is that you get more freedom.
-You can choose to have more than the minimum taken from your paycheck so you have more benefits
-You get a government backed annuity when you retire
-You choose when you retire and it is a choice where you can see how much money your annuity will give you based on your money and your self-chosen retirement age
People are given info by the government showing them that their decisions will increase or decrease their benefits.
If you can live on less, you can retire younger. If you put in more you can choose to retire younger or work longer, but get more in return.
You could retire before age 50 if you put in a lot extra, your investments grow and you can live off the benefit.
I would be fine with that kind of flexibility in the US.
I prefer to pay people enough so that they can afford to buy what they work for. I prefer the Henry Ford way.
The Henry Ford way?
Henry Ford had a stipulation where every employee needed to agree to charter requirements. They were paid above minimum wage with a bonus.
"The bonus came with character requirements and was enforced by the Socialization Organization. This was a committee that would visit the employees’ homes to ensure that they were doing things the “American way.” They were supposed to avoid social ills such as gambling and drinking. They were to learn English, and many (primarily the recent immigrants) had to attend classes to become “Americanized.” Women were not eligible for the bonus unless they were single and supporting the family. Also, men were not eligible if their wives worked outside the home"
If you support the "Henry Ford way", you are saying you support discrimination and social profiling in order to find better employees. Are you saying we should do away with laws against discrimination and profiling by employers?
Chile has an interesting system they put in place relatively recently. Workers are forced to pay in to the system as Americans are. However, the workers have some choices of investment options with a guaranteed minimum return. You could therefore risk a portion of your money for a potential bigger return, but everyone has a certain chunk that is set aside in guaranteed investments like CDs, government bonds, etc...
The bigger beauty is that you get more freedom.
-You can choose to have more than the minimum taken from your paycheck so you have more benefits
-You get a government backed annuity when you retire
-You choose when you retire and it is a choice where you can see how much money your annuity will give you based on your money and your self-chosen retirement age
People are given info by the government showing them that their decisions will increase or decrease their benefits.
If you can live on less, you can retire younger. If you put in more you can choose to retire younger or work longer, but get more in return.
You could retire before age 50 if you put in a lot extra, your investments grow and you can live off the benefit.
That sounds like a recipe for disaster. I work in investment management, and would lose my license if I used the phrase "guaranteed minimum return" to a client. Why is it OK for the government to use that terminology, but illegal for someone like me to do the same thing?
Oh that's so October, when the news was filled with the Obamacare website disaster. Now, millions who couldn't get insurance have signed up. Moreover, others are finding that their new insurance is better than their old insurance. Some are finding it cheaper; others are finding it about the same cost; and others are paying more. There is no consensus that comparable insurance is more expensive under Obamacare. That's just right-wing propaganda and wishful thinking -- since the right is still mad they lost the health reform debate.
That sounds like a recipe for disaster. I work in investment management, and would lose my license if I used the phrase "guaranteed minimum return" to a client. Why is it OK for the government to use that terminology, but illegal for someone like me to do the same thing?
You are correct that US treasuries are not 100% safe. However they are lower risk.
My understanding is that the Chile annuity system requires people to put at least a certain % of money into very safe investments like Chilean Government bonds, US Government bonds, government backed bank CDs, etc... The Chilean Government claims that they will guarantee a certain % of a return on these -- that they will compensate any losses on their "guaranteed portion". However, you are right to say nothing is guaranteed.
Last edited by michiganmoon; 01-06-2014 at 10:56 AM..
Most real estate is bought with borrowed money, not money saved for year and years. In the case of landlords, the renters are paying the mortgage, interest and taxes -- which the landlord gets to deduct and not the renter. On top of that, the landlord can depreciate the property also. That's one example of how the tax laws are skewed towards the wealthy.
But the poster clearly stated that the real estate was owned outright.
As for the rest, investment property takes a much larger down payment than an owner-occupied home. So it still requires more money and risk on the part of the landlord.
Tax laws are NOT skewed toward the wealthy. Any poor person can save up a down payment and buy an income property. There is no LAW that says you must be wealthy to own a rental.
The Dems are waging a "War on Income inequality" ... the Repubs will lose this battle also.
War on Income Inequality - just another name for Socialism.....
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