Low Wages: Right pill for the US Economy

[saxon22]

A little bit of thinking goes a long way.

Are countries with low taxation and minimal government wealthy? No. Most of 3rd world countries have very low taxes and low wages and are poor as hell.

What about countries with high taxes and government providing a lot of services (aka big government) - Sweden, Denmark, Germany to name some - High wages and a higher standard of living for the middle and working class than the US.


Now let's see what happened since january when Bush's tax for the wealthy were extended. It is almost Sept. roughly 8 months later, where are the jobs, shouldn't the economy be expanding creating new jobs???? It is not.


We can either go the way 3rd world countries go that is keep on lowering tax collection and tax rates which are at all time low and eventually join Mexico like economy and society. OR we can do what Germany and Scandinavian countries are doing. But that would mean becoming a bit socialist and that ain't gonna fly with a lot of people here.

 

[zdreg]

you have not proven correlation.

 

[RewriteQuran]

Unlike in USA, economic mobility and social mobility are mutually exclusive in rest of the world.
https://secure.wikimedia.org/wikipedia/en/wiki/Social_mobility

 

[misterno]

recession is still going on, companies are laying off workers REAL unemployment still rising, food stamp collectors are an all time high but US GOVT still did not cancel H1B, WAT, E1-2, or OPT programs like we need more people. how are these new people gonna find jobs when citizens can not find?

US govt has no respect in American citizens, we need a new government. ASAP!!!!!!!!!!!!!!!

 

[Grandluxe]

Quote from misterno:

recession is still going on, companies are laying off workers REAL unemployment still rising, food stamp collectors are an all time high but US GOVT still did not cancel H1B, WAT, E1-2, or OPT programs like we need more people. how are these new people gonna find jobs when citizens can not find?

US govt has no respect in American citizens, we need a new government. ASAP!!!!!!!!!!!!!!!

Many british use E2 visas to reside in Florida

 

[misterno]

Quote from Grandluxe:

Many british use E2 visas to reside in Florida

F*&^K THEM

 

[Scataphagos]

Quote from saxon22:

"... Now let's see what happened since january when Bush's tax for the wealthy were extended. It is almost Sept. roughly 8 months later, where are the jobs, shouldn't the economy be expanding creating new jobs???? It is not.

That you would ask those questions underscores your lack of understanding of the situation.

The politicos either also don't understand... or they do understand and won't do the right thing.

 

[piezoe]

Quote from Scataphagos:

That you would ask those questions underscores your lack of understanding of the situation.

The politicos either also don't understand... or they do understand and won't do the right thing.

Scat, there is no data to suggest that tax cuts at the upper end, such as the Bush cuts, result in more jobs and a stronger economy (assuming that's what is wanted). The data suggests no correlation, or possibly even a negative correlation. But it is very difficult to show cause and effect, because tax cuts have occurred in conjunction with accelerated deficits and borrowing, both in the Reagan and the Bush years, and the continuation in the Obama years is producing a similar result.

The best guide perhaps comes from recognizing that when results are unsatisfactory under current policy, a change in policy may be needed. It is very difficult to know what the best policy will be because so many factors interact when it comes to a globalized economy.

The basic principles remain however, viz,, extracting too much relative to one's productivity when extended to an entire nation, will eventually lead to trouble, and hard work and diligence will generally pay off, but not always in proportion to input, because their may be those more clever (more selfish, better placed politically) who are able to extract for themselves some of the value others contribute .

I'm reminded of what Everett Dirksen said to a reporter on exiting the democratic convention where the Kennedy and Johnson factions were fighting tooth and nail: "Well sir, i just go out in the garden and get the smell of a rose." What a colorful character Dirksen was! We could use more of that today.

Some other Dirksen quotes:

A billion here, a billion there, and pretty soon you're talking about real money.

But the basic difficulty still remains: It is the expansion of Federal power, about which I wish to express my alarm. How easily we embrace such business.

During a political campaign everyone is concerned with what a candidate will do on this or that question if he is elected except the candidate; he's too busy wondering what he'll do if he isn't elected.

I am a man of fixed and unbending principles, the first of which is to be flexible at all times.

I have said, with respect to authorization bills, that I do not want the Congress or the country to commit fiscal suicide on the installment plan.

The mind is no match with the heart in persuasion; constitutionality is no match with compassion.

The oil can is mightier than the sword.

There is no force so powerful as an idea whose time has come.

We are becoming so accustomed to millions and billions of dollars that "thousands" has almost passed out of the dictionary.

When a member of the House moves over to the Senate, he raises the IQ of both bodies.

When all is said and done, the real citadel of strength of any community is in the hearts and minds and desires of those who dwell there.
Everett Dirksen

Where are the Dirksens of today. We sorely need them.

 

[syswizard]

Quote from saxon22:


OR we can do what Germany and Scandinavian countries are doing. But that would mean becoming a bit socialist and that ain't gonna fly with a lot of people here.

Of course not...because those countries are EXCEPTIONS to the rest of the European socialist world.
Why ? First of all, see my prior post on all those govt workers in DC with Bimmers in their driveway. They are supporting GERMANY, not the USA.
Secondly, Scandinavian countries are doing well because of all of the great sex there....making everyone go to work with a smile on their face. In the USA with this stressful job market, women come home from work crying...too much friction at the office....and this means NO FRICTION at home. Most men are in a mean mood....lowering their productivity.
This explains everything.