Hey Democrats, you want wage increases? How about applying the principles of free market economics.

This is actually funny.

Remember when the old communist USSR still existed and the intellectual elite were near unanimous that it was a system that would soon overtake the western democratic system?
http://www.the-american-interest.com/2005/09/01/suffer-the-intellectuals/
And econ textbooks said much the same thing?
Why Were American Econ Textbooks So Pro-Soviet?, Bryan ...
Soviet Growth & American Textbooks - Marginal ...

Now that Russia has embraced at least a measure of market economics, you guessed it, the intellectuals have been virtually unanimous that Russia is in decline.
• No, Russia Is Not In Decline – At Least Not Any More And Not Yet (FT)

You'd almost think they had an agenda .

 
fhl said:
This is actually funny.

Remember when the old communist USSR still existed and the intellectual elite were near unanimous that it was a system that would soon overtake the western democratic system?
http://www.the-american-interest.com/2005/09/01/suffer-the-intellectuals/
And econ textbooks said much the same thing?
Why Were American Econ Textbooks So Pro-Soviet?, Bryan ...
Soviet Growth & American Textbooks - Marginal ...

Now that Russia has embraced at least a measure of market economics, you guessed it, the intellectuals have been virtually unanimous that Russia is in decline.
• No, Russia Is Not In Decline – At Least Not Any More And Not Yet (FT)

You'd almost think they had an agenda .
More...

Look, you can listen to what they say and they always claim this Marxist ideology is so great and capitalism is so bad. Just look at the results.

My favorite is Cuba. These losers have claimed over the past 50 years that the reason their economy is so bad is because the US won't trade with them. So the Marxist utopia needs to be subsidized by capitalist pigs. WTF?

Also, lets not forget the 10s of millions of people who were murdered by the proponents of this philosophy. They killed many more times as many people as Hitler killed. However in this society Nazis get booed, communist get cheered. When you look at the death count, they both should be booed and their ideas have no grounds to be discussed in serious economic or political discussion.
 
Capitalism is long in the tooth. It's done what it is intended to do, it's enabled the ambitious to create and amass, benefiting all. But unchecked its natural outcome has been reached, inequality. Inequality delegitimizes the system, its goals and methods, in the minds of many (right and left). The delegitimization erodes social order. So we have people jumping on top of cars, and Father coming to save us.
 
the inequality is being cemented in by cronies and taxation.
How many times do I have to post it for you.
Taxing those who make a living allows the cronies to gather in all the assets in an inflationary environment.

Do I have to post that great article again.
Progressive taxation allows those tied to the money spigot to gather up all the assets over time.
 
WeToddDid2 said:
Are you referring to Biden's 1992 speech?

http://www.washingtontimes.com/news...-opposition-to-lame-duck-supreme-co/?page=all

It may be Vice President Joseph R. Biden who dooms President Obama’s hopes of reshaping the Supreme Court and picking a replacement for the late Justice Antonin Scalia after Republicans unearthed a 1992 speech in which then-Sen. Biden said it was “not fair” to let a lame-duck president make such an important decision.

Mr. Biden’s comments cut even deeper, with the former senator saying in his 1992 speech that not only does the Senate have the right to reject nominees, but presidents shouldn’t even try to send one to Capitol Hill in the middle of an election.

“Once the political season is underway, and it is, action on a Supreme Court nomination must be put off until after the election campaign is over,” Mr. Biden said in his 90-minute speech, which was so long it spanned 15 pages of the Congressional Record. “That is what is fair to the nominee and is central to the process.”
More...

Now that there is what I call schadenfreude :)
 
WeToddDid2 said:
This is an article written by the former McDonald's President and CEO.

http://www.forbes.com/sites/realspin/2016/04/25/mcdonalds-minimum-wage-reality/#2d3175e258bb

The Ugly Truth About A $15 Minimum Wage

I can assure you that a $15 minimum wage won’t spell the end of the brand. However it will mean wiping out thousands of entry-level opportunities for people without many other options.

In truth, nearly 90% of McDonald’s locations are independently-owned by franchisees who aren’t making “millions” in profit. Rather, they keep roughly six cents of each sales dollar after paying for food, staff costs, rent and other expenses.

Let’s do the math: A typical franchisee sells about $2.6 million worth of burgers, fries, shakes and Happy Meals each year, leaving them with $156,000 in profit. If that franchisee has 15 part-time employees on staff earning minimum wage, a $15 hourly pay requirement eats up three-quarters of their profitability. (In reality, the costs will be much higher, as the company will have to fund raises further up the pay scale.) For some locations, a $15 minimum wage wipes out their entire profit.
More...
Thank you for turning up that unbiased and beautifully simple analysis where nothing changes except the wages of your minimum wage workers and your profitability. :rolleyes:
 
piezoe said:
Thank you for turning up that unbiased and beautifully simple analysis where nothing changes except the wages of your minimum wage workers and your profitability. :rolleyes:
More...


He should be trying to find articles that start with employees getting fired and companies losing money from this gov't intervention that go on to try and paint a rosy picture of it?
 
WALMART vs. THE MORONS---good read, no joke!


> I know lots of folks don't like Wal-Mart, but this is fascinating.
> This is spot-on.
> PLEASE READ THIS TO THE END. IT IS VERY INTERESTING!!!

Wal-Mart vs. The Morons
> 1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.
> 2. This works out to $20,928 profit every minute!
> 3. Wal-Mart will sell more from January 1 to St. Patrick's Day (March 17th) than Target sells all year.
> 4. Wal-Mart is bigger than Home Depot + Kroger + Target +Sears + Costco+K-Mart combined.
> 5. Wal-Mart employs 1.6 million people, is the world's largest private employer, and most speak English.
> 6. Wal-Mart is the largest company in the history of the world.
> 7. Wal-Mart now sells more food than Kroger and Safeway combined, and keep in mind they did this in only fifteen years.
> 8. During this same period, 31 big supermarket chains sought bankruptcy.
> 9. Wal-Mart now sells more food than any other store in the world.
> 10. Wal-Mart has approx. 3,900 stores in the USA of which 1,906 are Super Centers; this is 1,000 more than it had five years ago.
> 11. This year 7.2 billion different purchasing experiences will occur at Wal-Mart stores. (Earth's population is approximately 6.5 Billion.)
> 12. 90% of all Americans live within fifteen miles of a Wal-Mart. You may think that I am complaining, but I am really laying the ground work for suggesting that MAYBE we should hire the guys who run Wal-Mart to fix the economy.
> This should be read and understood by all Americans… Democrats, Republicans, EVERYONE!!
> To President Obama and all 535 voting members of the Legislature, it is now official that the majority of you
> are corrupt morons:
> a. The U.S. Postal Service was established in 1775. You have had 240 years to get it right and it is broke.
> b. Social Security was established in 1935. You have had 80 years to get it right and it is broke.
> c. Fannie Mae was established in 1938. You have had 77years to get it right and it is broke.
> d. War on Poverty started in 1964. You have had 51 years to get it right; $1 trillion of our money is
confiscated each year and transferred to "the poor" and they only want more.
> e. Medicare and Medicaid were established in 1965. You have had 50 years to get it right and they are
broke.
> f. Freddie Mac was established in 1970. You have had 45 years to get it right and it is broke.
> g. The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 38
years to get it right and it is an abysmal failure.
>You have FAILED in every "government service" you have shoved down our throats while overspending our
tax dollars.
> AND YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN HEALTH CARE SYSTEM??
> Folks, keep this circulating. It is very well stated. Maybe it will end up in the e-mails of some of our "duly
elected' (they never read anything) and their staff will clue them in on how Americans feel.
> AND
> I know what's wrong.
> We have lost our minds to "Political Correctness"!!!!!!!
> Someone please tell me what is wrong with all the people that run this country!!!!!!
> We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless etc. and the last months we have provided aid to Haiti, Chile, and Turkey and now Pakistan ( the previous home of bin Laden). literally, BILLIONS of DOLLARS!!!
> Our retired seniors living on a 'fixed income' receive no aid nor do they get any breaks.
> AMERICA: a country where we have homeless without shelter, children going to bed hungry, elderly going
without needed medicines, and mentally ill without treatment, etc.
> Imagine if the GOVERNMENT gave U. S. the same support they give to other countries. Sad isn't it?
> And the Washington elite wonder why so many people identify with Donald Trump's message - basically all of the above - and don't trust the dishonest self-promoting Clintons with their self-enriching positions of power plays!
 
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