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Income Inequality?
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Originally posted by Psychic Missile View PostOh. I don't see how that's any different from other business regulations.
Why does Homer want to be paid less than Mary?
Homer and Mary should both find a job and Homer should be happy that he's being payed more than he expected.
You REALLY don't have a clue about economics on a personal level, do you?The first to state his case seems right until another comes and cross-examines him.
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Originally posted by seer View PostSam this is complete nonsense. There are other, greater drivers of inflation, or conditions that lessen inflation - the minimum wage is just a small part of the picture. So again Sam, it is a straight forward question, if you give the hamburger flipper a three dollar an hour raise will my cost for my burger go up - yes or no.
The answer is therefore "probably not and almost certainly not in this case, at least in the mid-to-long term.""I wonder about the trees. / Why do we wish to bear / Forever the noise of these / More than another noise / So close to our dwelling place?" — Robert Frost, "The Sound of Trees"
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Originally posted by Sparko View Postfirst, "groceries" is not one thing. It is a conglomeration of products. So you can't just lump them into one thing. Each product is produced and sold by different companies.
Second, labor isn't an negligable cost. It is one of the major costs in producing anything. This goes back to my comment that you don't really understand economics at all.
1. Textbooks
2. CD's. CD's cost next to nothing to print (like pennies, I'm pretty sure), but are typically sold for $10 or more.I DENOUNCE DONALD J. TRUMP AND ALL HIS IMMORAL ACTS.
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Originally posted by Cow Poke View Post
WOW.... you don't know any poor people, do you?
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by Psychic Missile View PostSome ideas I've heard that seem reasonable are tying minimum wage to inflation, raise the top marginal tax rate, rewrite the tax code to reduce cheating, limit campaign spending, education reform in several areas, and end corporate subsidies.Micah 6:8 He has told you, O man, what is good; and what does the LORD require of you but to do justice, and to love kindness, and to walk humbly with your God?
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Originally posted by Sparko View Postsay what???? You mean businesses don't exist just to provide a living to liberals? They actually want to make a (excuse my french) profit???Micah 6:8 He has told you, O man, what is good; and what does the LORD require of you but to do justice, and to love kindness, and to walk humbly with your God?
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Originally posted by Zymologist View PostA couple examples that come to mind, from one who's ignorant of the subject:
1. Textbooks
2. CD's. CD's cost next to nothing to print (like pennies, I'm pretty sure), but are typically sold for $10 or more.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Cow Poke View PostBecause it's not just the materials that are being sold -- it's intellectual property, royalties, etc.... They're not just selling cardboard, plastic and paper.I DENOUNCE DONALD J. TRUMP AND ALL HIS IMMORAL ACTS.
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Originally posted by Jedidiah View PostI favor the Fair Tax.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by Zymologist View PostMaybe not all that relevant to what PM and Sparko were talking about, though, which seemed to be along the lines of groceries. Oh, well.The first to state his case seems right until another comes and cross-examines him.
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Originally posted by rogue06 View PostSame here. I know one of the authors of the book on it and met the other. While not perfect, nearly all the objections raised are based upon substantially changing it and then complaining about the results. In any case it is far better than the current system.
(oh, wait.. that's a consumption tax! )The first to state his case seems right until another comes and cross-examines him.
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Originally posted by Cow Poke View PostSo, if I don't want to pay taxes on a multimillion dollar yacht, I simply need not to buy one?
(oh, wait.. that's a consumption tax! )
Unintended consequences? Anyone with even a modicum of understanding about economics could have seen the results coming from a mile away.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by rogue06 View PostThat reminds me of how back during the Clinton Administration the companies who manufactured yachts were subject to a new much higher tax rate. The result? The companies closed their doors and moved overseas. Not only did the government not get an increase in revenue they lost what they were getting and had a lot of unemployed people also not paying taxes.
Unintended consequences? Anyone with even a modicum of understanding about economics could have seen the results coming from a mile away.The first to state his case seems right until another comes and cross-examines him.
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