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Driller you are right that people should live within their means but, with the cost of everything from rents,utilities & even food, shouldn't wages be at the very least 'livable' especially if the profit the employer is making is bigger than ever before in history?
Driller you are right that people should live within their means but, with the cost of everything from rents,utilities & even food, shouldn't wages be at the very least 'livable' especially if the profit the employer is making is bigger than ever before in history?
If a person truly believes that they would open their own business and start raking in the money.
I have no clue what the #'s are Informed but, it is something that can't be denied. Maybe someone on here can give you the exact #s.
You don't deny that the separation between the very richest American & the poor has grown more recently than ever before, do you?
I have no clue what the #'s are Informed but, it is something that can't be denied.
Yes, it can. You're claiming corporations are making "huge profits." What do you consider a "huge" profit margin? Put a number on it.
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You don't deny that the separation between the very richest American & the poor has grown more recently than ever before, do you?
It has. I've also posted the reason why that is:
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Originally Posted by InformedConsent
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"[Economist Anatole] Kaletsky argues that over-reliance on progressive taxes creates "a perverse incentive for governments to promote income inequality. Ifthe solvency of the stateand the ability to fund basic services for the poorest people in society depends on the rich getting even richer, it is tempting for even the most progressive politicians to support widening inequalities."
As long as the U.S. has a progressive tax system, the incentive remains to keep the income gap as wide as possible, and this is why: When the top 1% loses income share, the federal government loses twice that much in tax revenue. But when the top 1% gains income share, the federal government consequently gains twice that much in tax revenue.
It is the employee's job to live within their means.
Perhaps that is a different job or, an additional job.
At one time in my life I worked three low paying jobs.
That is oversimplifying the problem. In a recessed economy, wages fall. Hence:
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Originally Posted by InformedConsent
Show me where that is in the federal budget.
Look at "welfare spending" and look at SNAP spending. SNAP is the largest welfare program in the country. Roughly 50 million folks receive SNAP benefits, many of whom work low wage jobs. If people were paid something reasonable, taxpayers wouldn't have to pick up the slack.
The catch is, corporate goons get away with paying people diddly and bank the profits (or pay them out to their shareholders).
.....and we wonder why there is no velocity in our economy. *scratches head*
That is oversimplifying the problem. In a recessed economy, wages fall. Hence:
Look at "welfare spending" and look at SNAP spending. SNAP is the largest welfare program in the country. Roughly 50 million folks receive SNAP benefits, many of whom work low wage jobs. If people were paid something reasonable, taxpayers wouldn't have to pick up the slack.
The catch is, corporate goons get away with paying people diddly and bank the profits (or pay them out to their shareholders).
.....and we wonder why there is no velocity in our economy. *scratches head*
Those shareholder aren't "folks"????
Guess what....they are and they spend that money in the economy.
Look at "welfare spending" and look at SNAP spending. SNAP is the largest welfare program in the country. Roughly 50 million folks receive SNAP benefits, many of whom work low wage jobs.
Why are they working low-wage jobs if that's not meeting their expenses? Alternatively, if they want more than a low-wage job, why aren't they leveraging their skills to work their way up and out? And why aren't they reducing their expenses by living with roommates, cutting out unnecessary expenses like cable TV, cell phones, etc.?
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The catch is, corporate goons get away with paying people diddly and bank the profits (or pay them out to their shareholders).
What do you think Walmart's profit margin is?
If you happen to actually research and find the info, why do you think it is what it is?
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