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If you think you can control the price, you are out of your mind for two reasons: 1, you think you are the master and people are your slaves, and 2, you have zero clue about economics.
Nobody can control the price. You may be able to control how much it sells for but you can never control the real cost of paying for the goods and services.
I am not telling you anything new. This is a long established economics principle just like gravity.
That's nonsense.
I was working in 1970. The young working people of today have much, much more than we did in 1970.
I was job surfing in the late 90s, up until the towers fell. Not really having an indicator to determine exactly why it was that I could job shop --- I attributed Reaganomics to the employee job market.
True, half of my federal tax dollars are exported to other, poorer states.
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Originally Posted by TexasLawyer2000
Yes. You're basically carrying people in Mississippi.
One could say that is one benefit to the outcome the Union created, after the result of the civil war. However, as long as the Government continues to operate on credit, this country will never truly be free and independent --- economically.
If you think you can control the price, you are out of your mind for two reasons: 1, you think you are the master and people are your slaves, and 2, you have zero clue about economics.
Nobody can control the price. You may be able to control how much it sells for but you can never control the real cost of paying for the goods and services.
I am not telling you anything new. This is a long established economics principle just like gravity.
You have a made Great point- Furthermore, the willingness to accept a lower salary is the MOST potent tool for every worker. If you mandate a minimum wage, you take away the best tool workers have.
Moving forward you can Control price; Price floor and Price Ceiling. All things in consideration this very overnment utilizes Price Controls.
Fairly obvious conclusion given the stagnant wages(despite rising productivity), wealth concentration, and monopolization trends/shrinking GDP share of small businesses.
Productivity has not increased.
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Originally Posted by eddie gein
Wages have been flat in terms of actual buying power for 40ish years compared to just about any marker you want to use to measure the wealth gains of the highest income groups.
Wages have not been flat and whether they are or are not is irrelevant.
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Originally Posted by scarabchuck
At the time the law was created, it was needed. To protect the workers. At least from what I've read.
At the time it was enacted, 90% of workers were agricultural workers and agricultural workers were exempted and not paid a minimum wage.
Agricultural workers were not covered until 1964.
A federal minimum wage makes sense if and only if there is one uniform Cost-of-Living throughout the US, but there isn't.
Here's a question for all of you: If employers are as cruel as you all claim they are, then why don't employers pay the minimum wage and nothing more?
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Originally Posted by Ellis Bell
Fifty Years of Tax Cuts for Rich Didn’t Trickle Down
And 51 years of "91%" taxes on the rich didn't trickle down, either. Because if they had, then there would be no need for the many welfare programs enacted in 1965.
You have a made Great point- Furthermore, the willingness to accept a lower salary is the MOST potent tool for every worker. If you mandate a minimum wage, you take away the best tool workers have.
Moving forward you can Control price; Price floor and Price Ceiling. All things in consideration this very overnment utilizes Price Controls.
As I said, you can control the selling price, but you can never control the real cost or price for any goods and services.
For example, you as the almighty dictator mandate the price of water must be sold at $1/bottle during a crisis. Guess what? All the people who have water would hold on to them because they aren’t going to sell at a discount because the bottled water is valued higher than what the dictator says. Then more people die.
So what’s the real cost of a bottle of water? If you have to wait in line for hours to get a bottle of water at $1, the real cost is much much higher than $1.
For the common good? Any common good that doesn’t respect individual liberty is evil.
For example, if we vote to sentence you to die and divide your property for the common good, is that not evil?
Last time the common good has been tried, tens of millions were slaughtered for the common good.
Social Security is for the "common good". European single payer health care system are for "the common good". No death camps, no gulags, no re-education camps. Do you ever get tired of these kinds of ridiculous exaggerations?
Social Security is for the "common good". European single payer health care system are for "the common good". No death camps, no gulags, no re-education camps. Do you ever get tired of these kinds of ridiculous exaggerations?
Social security is forcing people to pay for your expenses. That’s called slavery.
Fifty Years of Tax Cuts for Rich Didn’t Trickle Down
The indicators used so at to determine the wealth of a nation --- they all looked good.
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Originally Posted by Mircea
And 51 years of "91%" taxes on the rich didn't trickle down, either. Because if they had, then there would be no need for the many welfare programs enacted in 1965.
91% and you expect me to believe that.
We all know what the welfare programs are for really --- and they are not there to help the poor, but to help the government garner higher taxes of those who actually have to pay into the tax system -- per its rules and regulations, that would take an expert to comb though and provide the wealthy with a %0 return. The average joe, hasn't that talent or can afford someone else, that does.
Social security is forcing people to pay for your expenses. That’s called slavery.
Is slavery for the common good?
So so much for gulags and death camps.
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