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And her team has backtracked to say that she meant that corporate tax breaks don't create jobs.
Gosh, thanks, that makes me feel so much better now.
I guess if she said, "Launch the nukes" her team would backtrack and claim she said she "Lunch with Newt"
Quote:
Originally Posted by Opin_Yunated
Laws are economics.
The majority of laws are interference with economics and economic activity.
Quote:
Originally Posted by Opin_Yunated
Supply and demand controls everything in a free market, which we don't have.
And yet you continually hold the position that government and special interest groups should have more control.
Quote:
Originally Posted by Opin_Yunated
All government "spending" is money creation through a debt. In otherwords, the government prints all its expenditures.
No, it doesn't.
Far-Fetched Hypothesis This is the fallacy of offering a bizarre (far-fetched) hypothesis as the correct explanation without first ruling out more mundane explanations.
Quote:
Originally Posted by Opin_Yunated
If you want to have a rational discussion about businesses, corporations, currency, and inflation.. feel free to contribute at any time.
A rational discussion is impossible with people who have no understanding of the subject matter.
Allow me to demonstrate....
Quote:
Originally Posted by Opin_Yunated
So far, I can't find anything wrong with her statement.
Uh-huh.....so your claim is that corporate tax breaks do not provide a company with Cash Capital to purchase or acquire other Capital?
A company wants to expand and add another packaging line.
How's that happen?
Does everyone go out into the parking lot and do the Packing Machine Dance and a packaging machine made in Germany falls out of the sky and lands on the production floor all set up and ready to run?
Or is it possible the company uses the Cash Capital saved from the tax break to purchase a new packaging machine?
And we're supposed to have a rational discussion, when you don't even have a clue about economics, business or monetary matters?
You couldn't get a clue about Economics or Business during the clue mating season in an open field full of horny clues even if you smeared your body with clue musk, sang the clue mating call and did the clue mating dance.
Quote:
Originally Posted by Opin_Yunated
All currencies are fiat....
No, the US Dollar is backed by goods and services, in lieu of gold, just like all other currencies.
Quote:
Originally Posted by Opin_Yunated
Demand causes an employer to hire people. Employers aren't magicians that create positions out of thin air.
In order to hire employees, an employer must first acquire the Capital.
An electrical contractor wants to put three more crews on the road.
How does that work in your World?
Does the owner recite the incantations on an ancient scroll, and then a daemon appears who then summons an Fire Elemental from the Plane of Ether and that thing delivers brand new vehicles with logos, and fully stocked with tools and parts and supplies?
I dont think its fair to say the demand doesnt exist, i'd say its better to say demand cant be met.
People need food, a farmer hires people to fill that need thus creating a job..
If the farmer didnt hire someone to get the crop from the field, the individual would still be hungry.
wow...So
How does the farmer pay the workers? Do the workers work for free?
How do the people pay the farmer? By working at a job that pays them for their service.
The worker then goes to the farmer and pays the farmer for the food.
It's not like welfare where people are hungry so they give them money to pay the farmer.
...and here I thought she was a smart woman.
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At a Democratic rally Friday in Massachusetts, Hillary Clinton’s attempt to attack “trickle-down economics,” resulted in a spectacularly odd statement, according to The Washington Free Beacon.
Clinton defended raising the minimum wage saying “Don’t let anybody tell you that raising the minimum wage will kill jobs, they always say that.”
She went on to state that businesses and corporations are not the job creators of America. “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” the former Secretary of State said.
The only thing that creates jobs is Consumer Demand. The less disposable income there is available to the middle and lower class, the fewer jobs there will be.
A minimum wage increase will serve to spur the economy, because the money will be in the hands of people who need to circulate it. It's a No Brainer.
The only thing that creates jobs is Consumer Demand. The less disposable income there is available to the middle and lower class, the fewer jobs there will be.
A minimum wage increase will serve to spur the economy, because the money will be in the hands of people who need to circulate it. It's a No Brainer.
So the worker gets a wage increase but then fires some of the workers to make up the difference in what they have to pay out.
100 employees
60 get wage increase costing the employer - increase expenses to employer
To make up for the increased cost of employing people the company fires 40 employees.
You should improve your skills to meet a job that is in higher demand which will pay a higher wage instead of waiting for government to do something for you. Why is it always up to someone else?
By the way, government also makes it more expensive to employ you.
The only thing that creates jobs is Consumer Demand. The less disposable income there is available to the middle and lower class, the fewer jobs there will be.
A minimum wage increase will serve to spur the economy, because the money will be in the hands of people who need to circulate it. It's a No Brainer.
But where do they get the income they have now? A job. So is it a job from "a business or corporation"?
If Hillary meant disposable income she would have said that. She didn't. So stop trying to deflect.
No, currency facilitates consumer transactions....that is the only thing it does.
Quote:
Originally Posted by Cnynrat
It is not required to create or sustain an economy.
True, but it does spur growth through expedited consumer transactions.
You want one of my cows for beef. I want cherry wood to build a Hoosier cabinet. The only thing you can do is vehicles repairs, which I don't need.
That means you have to find someone who is willing to trade cherry wood for vehicle repairs. Or you have to go to the person who has cherry wood, find out what they need or want in exchange, and then make that happen.
Is that a productive use of your time --- time is Capital?
No.
So the use of currency allows you to make better use of your time, you know, repairing vehicles, instead of chasing chickens around.
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Originally Posted by armory
Currency is an IOU issued by the federal reserve.
No, that was true only when the currency was backed by metals such as gold and silver.
The US Dollar now is backed by goods and services. Note that the goods and services need not be produced in the US, since the US Dollar is a de facto international reserve currency and de facto international trade currency.
Quote:
Originally Posted by Opin_Yunated
The government is a currency issuer. Where the hell do you think money comes from?
The government issues currency only for purposes of economic stability and facilitation.
Government issued currency is less prone to counterfeiting.
If each of the 50 States issued their own currency, then since each currency is backed by the goods and services produced by the State, then the value of each currency will be tremendously different, and the exchange rates between currencies would create problems and hinder economic growth.
For example, 1 unit of currency issued by the State of Ohio would be twice as valuable as 1 unit of currency issued by the State of New Jersey.
We cannot have a rational discussion on that because you don't get it, and you reject your government's claims that there are 1,539 separate economies in the US, and you reject your government's claim that $4.55.hour is a Living Wage for some single Americans, and you reject your government's simultaneous claim that $26.75/hour is not a Living Wage for some single Americans, and you reject your government's use of weight averages for "poverty level" -- meaning the poverty level is not the same for each State...meaning that the poverty level for "Red States" (snicker) and "Blue States" (snicker) is not the same, meaning that someone in a Red State can earn $6.00/hour and have a better life than someone in Blue earning $22/hour.
Quote:
Originally Posted by Opin_Yunated
How much money have you created today?
$900. I had a consultation this morning providing a valuable service.
Fantasy is irrational.....
The only thing that creates jobs is Consumer Demand. The less disposable income there is available to the middle and lower class, the fewer jobs there will be.
A minimum wage increase will serve to spur the economy, because the money will be in the hands of people who need to circulate it. It's a No Brainer.
So why is this Consumer Demand so unpatriotic and creates jobs in China?
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