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Do tell? A tariff on imported goods made by slave wage workers in brutal working conditions is bad because it drives up costs, which in turn drives up prices or eliminates profits? But an increase in the minimum wage which drives up costs....somehow doesn't?
Their tax plan will plunge the US into recession by the end of this year if it passes.
Lower taxes will not put us in recession. That of course is just common sense.
The sluggish global economy, mixed with rising interest rates, and energy prices will push us into recession.
Quote:
Originally Posted by Toyman at Jewel Lake
Do tell? A tariff on imported goods made by slave wage workers in brutal working conditions is bad because it drives up costs, which in turn drives up prices or eliminates profits? But an increase in the minimum wage which drives up costs....somehow doesn't?
I'm going to stop you right there, you are using logic, that is not allowed in a thread started by the dems.
Do tell? A tariff on imported goods made by slave wage workers in brutal working conditions is bad because it drives up costs, which in turn drives up prices or eliminates profits? But an increase in the minimum wage which drives up costs....somehow doesn't?
Who are you arguing with? You are the one presenting this argument, so maybe the other party is a strawman.
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Quote:
Originally Posted by Toyman at Jewel Lake
Do tell? A tariff on imported goods made by slave wage workers in brutal working conditions is bad because it drives up costs, which in turn drives up prices or eliminates profits? But an increase in the minimum wage which drives up costs....somehow doesn't?
Neither is an ideal solution but only one gives American consumers increased buying power.
Which would you choose?
Ithink the reality is these are very simplistic solutions to a complex problem.
Do tell? A tariff on imported goods made by slave wage workers in brutal working conditions is bad because it drives up costs, which in turn drives up prices or eliminates profits? But an increase in the minimum wage which drives up costs....somehow doesn't?
Tariffs on stuff America doesnt have the competitive advantage to produce is bad for consumers as it is a straight up tax on consumers, while a minimum wage increase lifts workers out of poverty and these people have a high propensity to consume unlike the top 1%. This means businesses get more customers as people making $20-30-40k a year spend their money in America, not the Bahamas and Paris like the 1%. A $15 minimum wage helps tens of millions of people who now earn $15-20 an hour as their bargaining power over their employer improves greatly.
Neither is an ideal solution but only one gives American consumers increased buying power.
Which would you choose?
Ithink the reality is these are very simplistic solutions to a complex problem.
The one that increases American's buying power...is the one that brings manufacturing and value added activities back to America. So, the obvious one is a tariff. Unskilled burger flippers with no ambition and that put forth no effort to improve will never be contributors. Bumping min wage only has the effect of fueling inflation...and bumping those low wage earners to a higher tax bracket.
The one that increases American's buying power...is the one that brings manufacturing and value added activities back to America. So, the obvious one is a tariff. Unskilled burger flippers with no ambition and that put forth no effort to improve will never be contributors.
Low paying jobs have moved to Asia and it aint coming back. High paying, high technology manufacturing jobs are staying put and mushrooming in America, but it requires a lot of skills and education and retraining and some people dont want anything to do with that.
Those cheering the liberal idea of tariffs on things (yes this is a liberal idea), need to take a look at what happened when Obama put tarrifs on rubber tires in an attempt to move production here.
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