Minimum Wage ... Unbelivable?

from the previous post by Jamis
"if you shrink the middle class too much, no one will be able to afford to buy the goods and services the corporations produce! Surplus production and lack of demand, hmm, sounds like a recipe for economic depression to me."

excessive profits leads to surplus production which leads to depression.

straight out of karl marx and discredited communist theory. when you post don't forget to mention your source.
 
Quote from mschey:

One thing is Certain, You are Making some fallacious claims. I am not interested in reading any of your propaganda, I don't need to. Like I said, the poor do get tagged with a few taxes, smoking and tobacco, even social security, but the legacy costs of these programs will result in them being net users and not net losers.
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How can you say they're "propaganda" without even reading them? I guess the facts are too confusing for you.

Your legacy costs argument needs more elaboration and evidence. You haven't proven anything.

Nevertheless, the facts are what they are, even if you are too stubborn or lazy to accept them.
 
Quote from Maverick74:

We simply cannot raise minimum wage without increasing our capacity to finance a larger more encompassing welfare system. It simply is not possible.
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This makes sense. Unfortunately, the House just passed the MW bill IN TANDEM with a $310b tax cut for the super-wealthy (only applies to multi-million dollar estates). Raising the minimum wage to price out lowest skilled workers, while simultaneously reducing taxes even more which decreases state ability to care for those priced out. Bill goes to the Senate this week.

Such conscientious representatives we have fighting for our hard earned tax dollars on Capitol Hill.
 
Quote from hans37:

Since I live in AL. I will comment.

Bob Riley ran on a Republican ticket then had the temerity to propose taxing us like a democrat.

"That dog don't hunt"
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You have it wrong.

Democrats do not propose taxing those deep in poverty.

But Republicans do, in particular, the largely Republican body of Alabama voters believe that it is just to tax a family making $4,600 a year.

http://www.decaturdaily.com/decaturdaily/news/050424/taxes.shtml
 
It is not the governments job to mandate wage limits. The market should dictate that.

However what the government can do, is set up a system where those whose skills have no value can re train themselves into a higher valued skill set.
 
Quote from bsmeter:

It is not the governments job to mandate wage limits. The market should dictate that.

However what the government can do, is set up a system where those whose skills have no value can re train themselves into a higher valued skill set.
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yeah ,it's called public school/university and low interest educational loans.
 
Quote from hans37:

yep I think it immoral to exempt people (in total) from paying modest tax rates only to require others to pick up the slack through higher rates.
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I agree. Over 43 million WORKING Americans pay NO TAX and in some cases get a "refund". This opens a big can of worms. I think a graduated income tax scale is fair, but to exempt a huge portion of workers is just wrong. Taxes are a duty, not a a form of punishment.
 
Quote from BrandNewTrader:

I'm not sure why I'm posting here b/c kiwi trader hit it on the head when he referred to oldtrader, but i guess i can't keep my mouth shut.

Why are you trying to apply economic theory and free market principles to the minimum wage? Free market principles are bullshit, any society needs rules and a basis on which to operate. If you want a FREE MARKET go to SOMALIA or IRAQ. christ. The government has an obligation to protect its weakest and most disadvantaged citizens (amongst other observations), businesses operating under the jurisdiction of that government have an obligation to follow the rules of government.

Please stop referring to immigrants who come to this country and are successful. You fools. The immigrants who come to this country are the MOST AMBITIOUS, MOTIVATED, AND HARDWORKING PEOPLE from their own countries. You don't think they have lazy people in India, S. Korea, Mexico, etc? Give me a fcking break.

It would do most of you good to remember that your focus is trading and markets, not philosophy and/or ethics. You should also remember that we live in America. AMERICA. This country was founded on genocide and slavery and now is awash in elitism and corruption at ALL of the highest levels (executive branch, judicial branch, legislative branch). Let's not even talk about CEO's.

You're all traders so you all understand the need to be objective. It will amaze me for the duration of my life how stupid and ignorant smart people can be. I know perspective is very difficult for some people to develop, but I will never understand it.

And stop with all of the talk about caring for the poor better than other countries etc. America isn't rich, but it's financed by the world (seemingly rich). There is more than enough pie to go around, it's just that those who CAN keep too much pie for themselves DO. And dont forget that given that resources and opportunities are NOT UNLIMITED, this pie is only so big, so it benefits YOU, the educated middle/upper middle class citizen, that someone else is NOT taking your spot at a good school/job or whatever other opportunity that may benefit you. Use your fcking heads people and stop thinking with your calculators.

Sorry for the "emotion" but it's frustrating to hear people speak authoritatively about things they don't know much about. The government has a duty, you do not. So while YOU may not care much about issues such as the minimum wage, the gov is supposed to make the decision that is in the best interests of THE PEOPLE, not just some people, even if those "some people" pay all of the taxes, etc.

Stick to trading. Please.
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anyone else find this idiotic rant ridiculous in its irony.


...it's frustrating to hear people speak authoritatively about things they don't know much about

:D


Oh save us, Enlightened One, from our debilitating ignorance.

Type of person that lables everyone not as "intelligent" as himself fools, than works himself into a tizzy about how we are obligated to help the less fortunate.


Sorry for the "emotion", self-righteous idiots raise my Ire'
 
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