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You have no idea what you are talking about. Money that changes hands in exchange for nothing, is empty, valueless money. It degrades the entire money supply. Money represents value, and giving it to someone without a corresponding exchange of value is a disasterous proposition.
Pardon the cliche, but what does that have to do with the price of tea in China?
You said that the minimum wage should be increased by 4x and I said that would be hard on businesses. What does "valueless money" have to do with that?
So what,....I could care less if it is manufactured here or not...all things equal, yes, manufacture here..otehrwise I am fine with doing it overseas...
I care very much about where the stuff we need to live is manufactured. We need to be making the stuff we use. We need balanced trade as this is the only sustainable long term economic policy. Both a trade surplus and a deficit are unsustainable long term. But a trade surplus is better than a deficit.
Quote:
Originally Posted by Robeaux
You're not looking at the dynamics of your suggestion. You've just increased payroll on every entry level job by 4 times. Businesses can only recoup those costs by laying off or raising prices...and of course they could just close their doors. None of those will help the economy and certainly not the housing market.
Actually a bump that size will give everyone below about the 50% hourly pay rate a raise. The object is to get wage price inflation. The price of everything will go up. What I am after is the price of houses. And a bump in the minimum wage that size would tend to devalue our debt. Also a benefit as we are insolvent as a nation. I am very much looking at the dynamic of the change and its magnitude. It is sized to get the prices of houses going up. Japan is over 20 years into their housing bubble’s pop and they haven’t hit bottom yet. Do you want the recession over this decade?
Unlike your post, the post you refer to is neither a canard, not idiocy. The high income earners pay a disproportionate share of the income tax burden (and we are talking income taxes)
They earn roughly 20% of all income earned, but pay roughly 40% of all income tax paid.
At this same time as they are being thusly raped, 45% of American tax FILERS pay $0.00 or less in income taxes.
While it is true that the middle class has been shrinking as of the last decade, tax info shows that they disappeared from the middle class only to re-appear in the upper classes, so you strawman about people realizing they won't be rich doesn't apply (well to them, anyway).
Income, like so many things in economics (give learning something about that subject a try some day), is not "fixed", but very flexible and expandable. We can all go from pauper to millionaire with nobody losing a cent. All we have to do is "create" wealth through our own endeavor.
Liberals are hell-bent on controllig the pie-cutting and dividing, when they should be concerned that the pie, and our share thereof, increases in real terms. The concept of growing the pie never occurs to them (probably because they never contrubute to actual wealth-creation themselves, prefering, instead, to STEAL it from others).
As long as Democrats continue to encourage & mandate outsourcing via relentlessly burdening the middle class, and African-Americans in particular, with nonstop tax increases to spoil their union buddies, reams of new job-killing regulations courtesy of Dodd-Frank, ObamaCare, the EPA and too many other entities to mention, the middle-class has no chance whatsoever.
The undisputable fact remains that keeping teachers employed is more important to Democrats and the NAACP than having their competency challenged or upgrading the educational requirements for those who wish to become teachers (witness the NYC chapter of the NAACP siding against the students and in favor of teachers who are trying to prevent Mayor Bloomberg from closing over 20 horrible schools) proves conclusively how stacked the deck is against inner city schoolkids in this country remains.
The rich and wealthy corporations have done very well in the past decade, even as they have decimated the middle class by outsourcing their jobs. Now they want all of the budget balancing to be done in the form of cuts to Medicare, foodstamps, welfare, etc - all the programs that are keeping the middle afloat, and the poor alive.
Why don't they just vote to kill everyone except themselves and be done with it?
Obama would just be allowing the previous tax cuts for the rich expire - do they want to give one penny away? No, because they are rich, selfish and greedy.
'With the clock ticking toward an Aug. 2 deadline, senior Republicans said negotiations led by Vice President Joe Biden had ceased making headway as congressional Democrats pressed for as much as $400 billion in new taxes on corporations and the nation's wealthiest households.'
No, they do well because they EARNED their money through CAPITALISM.
They are not selfish, have YOU ever worked at soup kitchens? How much do you donate to the poor and needy? Did you volunteer in New Orleans?
Celebrities, and owners of companies donate to charities all the damn time. And even if they don't, they shouldn't have to.
Take you communism to Cuba or North Korea. When you think Rich people don't deserve their money, than you are a communist.
We are not Europe. We are America, where you can make a profit and not have the government stealing from your pockets.
While taking the tax dodge of Charity they leave their employees withuot helthcare so the State has to pick up that expense. 43% of the children of Slave Mart Employees get their Health Cae from the Government, yet the WALTONs give millions to """Charity"""
While taking the tax dodge of Charity they leave their employees withuot helthcare so the State has to pick up that expense. 43% of the children of Slave Mart Employees get their Health Cae from the Government, yet the WALTONs give millions to """Charity"""
So what, Healthcareis not a right....so the individual is responsible for their insurance. Why is it the Govt or Business responsiblity to subsidize HC? Why not open HC across state lines like car insurance, why not offer just catastrophic insurance, why not use health savings accounts....all ways to lower costs and useage. Why should the public or govt get a say on what charaties a business donates too..its there money...it is not yours or the Govts...
[quote=CharlotteNCRepublican;19768402]No, they do well because they EARNED their money through CAPITALISM.
They are not selfish, have YOU ever worked at soup kitchens? How much do you donate to the poor and needy? Did you volunteer in New Orleans?
Celebrities, and owners of companies donate to charities all the damn time. And even if they don't, they shouldn't have to.
Take you communism to Cuba or North Korea. When you think Rich people don't deserve their money, than you are a communist.
We are not Europe. We are America, where you can make a profit and not have the government stealing from your pockets.[/quote
'they do well because they EARNED their money through CAPITALISM' - that's funny, you don't seem to realize that the millions who used to be middle class and are now unemployed through CAPITALISM, and the self-centered greed of the corporate execs who outsourced millions of jobs. The system 'rewards' greed, and American capitalism is proof of that.
They give more than 49% of Americans (yes, 49% of Americans don't pay income taxes)
Everybody pays taxes. What do you think a profit is? How does WaWa, Outback Steakhouse, Mc Donalds etc... stay in business? Do these businesses make a profit? Are they profitable? Do they pay commercial Real Estate/Property Taxes? Payrole Taxes, SS taxes etc...
Sure they do?
And yet they're highly profitable?
So where do they get the monet to operate and make HUGE profits?
From you me and the other 99% of the population.
All costs and enough to make a profit are passed down to the consumers.
Those who don't own capital infrastrucure and businesses end up in the end paying for almost everything.
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