Biden says he'll raise all the money needed by taxing anyone making over $400,000 a year.

[Leo123]

Raise the minimum wage until the Poor pay their fair capital share of the tax burden!

There should be no upper limit to markets.

You first.

 

[Oldestyle]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

no, he doesn't understand supply and demand or total economics 101. Corporations pay employees wages and pay taxes. raising wages or taxes, either will cause a more expensive product. PERIOD!!!!!!!!

Or the alternative...
View attachment 379622

and that still contributes to higher prices. there is no win to escalating pricing.

According to your logic, why give pay raises. It only clauses escalating prices and people have to pay more taxes. And, according to some on the right wing, the less wealthy only make poor capital choices anyway. See how silly your argument is.

you don't make any sense whatsoever

You have no sense, whatsoever. Why should anyone take right wingers seriously about any Thing, serious.

In 2018, 81.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.5 percent of all wage and salary workers. Among those paid by the hour, 434,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.3 million had wages below the federal minimum. Together, these 1.7 million workers with wages at or below the federal minimum made up 2.1 percent of all hourly paid workers.--https://www.bls.gov/opub/reports/minimum-wage/2018/pdf/home.pdf

Only the clueless and Causeless right wing believe doubling wages for 2.1 percent of the workforce will result in excessive inflation.

Why not admit right wingers simply "hate on the Poor" under our form of Capitalism.

What were the ages of these 1.7 million workers?
Now I found the answers which YOU ignored at the web site you referenced:

https://www.bls.gov/opub/reports/minimum-wage/2018/pdf/home.pdf

Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up just under half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 8 percent earned the minimum wage or less,
compared with about 1 percent of workers age 25 and older. (See tables 1 and 7.)
Age 16 -19 years make up 4,751,000 or 5% of the 81,915,000 total workers.
Of the 4,751,000 Age 16 -19 years, less than 361,000 or 0.04% of the 81.915 Million are paid at minimum or below minimum.
of the total 81,915,000 TOTAL workers only 905,000 of the 65.9 Million 25 years or older or 1.01% are paid at minimum or below minimum.
So you want to :
A) cause these minimally skilled, minimum wage workers to lose their jobs to robots, or part time workers OR
B) for less than 1% of work force raise minimum nationally to $15.00 ... what about those remaining 65 million that make more than minimum wage? These people in many cases are skilled more than the minimum wage workers. So what do the employers do for these 98% that are already making more than minimum wage?
What is your solution for that?

Why not admit that people like YOU HATE America. That you want single payer health. You want NO one to get ahead. You want what this image shows mindless followers of the party...View attachment 379761

lol. I also believe in unemployment compensation that obeys our at-will employment laws for unemployment compensation. Employment is at the will of either party. We don't need those minimum wage jobs if they can easily be automated. Anyone who is unemployed should be able to obtain unemployment compensation for simply being unemployed. The could then have more rational choices under Capitalism; like going to school or learning new skills.

Higher paid labor creates more in demand, can pay their rent easier, and pay more in taxes.

ONLY the right wing has a problem with that.

We don't need minimum wage jobs? I suppose you don't think we need entry level jobs either?

 

[Papageorgio]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

They still have more disposable while creating more in demand and paying more in taxes. Only the right wing is economically clueless and economically Causeless.

If their "raise" gets eaten up by having to pay taxes and having the cost of goods and services go up then the amount of disposable income increase that results from your scenario would be minute! Then if you add in the large numbers of people who will lose their jobs because of the increase in the minimum wage it's a double whammy hit for the poor! I would suggest looking at the unemployment levels of Switzerland if you want to see what not having a minimum wage does to a country. Either that or go back to the last time we didn't have a minimum wage here in the US and see what our unemployment numbers were. It's enlightening!

You realize you are trying to reason with a lazy asshole that believes others should support him. He hates others that work hard and make money and wants those hard workers to give him money for sitting on his fat ass.

 

[danielpalos]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

They still have more disposable while creating more in demand and paying more in taxes. Only the right wing is economically clueless and economically Causeless.

If their "raise" gets eaten up by having to pay taxes and having the cost of goods and services go up then the amount of disposable income increase that results from your scenario would be minute! Then if you add in the large numbers of people who will lose their jobs because of the increase in the minimum wage it's a double whammy hit for the poor! I would suggest looking at the unemployment levels of Switzerland if you want to see what not having a minimum wage does to a country. Either that or go back to the last time we didn't have a minimum wage here in the US and see what our unemployment numbers were. It's enlightening!

Why bother giving anyone a raise?

 

[danielpalos]

Raise the minimum wage until the Poor pay their fair capital share of the tax burden!

There should be no upper limit to markets.

How about we lower everyone's taxes and make our government do without.

Sure; let's start with our artificial and alleged wars on crime, drugs, and terror.

 

[danielpalos]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

Proportion must be a difficult concept for the right wing. They will still have more disposable income while having more money to spend. Only right wingers have a problem with such simple concepts.

If you have more money to spend but everything you want to buy costs substantially more...have you actually bettered your financial situation? Use some common sense, Daniel! I know you struggle with that but these are pretty simple concepts we're dealing with here!

Less than five percent inflation is not very substantial.

 

[danielpalos]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

no, he doesn't understand supply and demand or total economics 101. Corporations pay employees wages and pay taxes. raising wages or taxes, either will cause a more expensive product. PERIOD!!!!!!!!

Or the alternative...
View attachment 379622

and that still contributes to higher prices. there is no win to escalating pricing.

According to your logic, why give pay raises. It only clauses escalating prices and people have to pay more taxes. And, according to some on the right wing, the less wealthy only make poor capital choices anyway. See how silly your argument is.

you don't make any sense whatsoever

You have no sense, whatsoever. Why should anyone take right wingers seriously about any Thing, serious.

In 2018, 81.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.5 percent of all wage and salary workers. Among those paid by the hour, 434,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.3 million had wages below the federal minimum. Together, these 1.7 million workers with wages at or below the federal minimum made up 2.1 percent of all hourly paid workers.--https://www.bls.gov/opub/reports/minimum-wage/2018/pdf/home.pdf

Only the clueless and Causeless right wing believe doubling wages for 2.1 percent of the workforce will result in excessive inflation.

Why not admit right wingers simply "hate on the Poor" under our form of Capitalism.

What were the ages of these 1.7 million workers?
Now I found the answers which YOU ignored at the web site you referenced:

https://www.bls.gov/opub/reports/minimum-wage/2018/pdf/home.pdf

Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up just under half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 8 percent earned the minimum wage or less,
compared with about 1 percent of workers age 25 and older. (See tables 1 and 7.)
Age 16 -19 years make up 4,751,000 or 5% of the 81,915,000 total workers.
Of the 4,751,000 Age 16 -19 years, less than 361,000 or 0.04% of the 81.915 Million are paid at minimum or below minimum.
of the total 81,915,000 TOTAL workers only 905,000 of the 65.9 Million 25 years or older or 1.01% are paid at minimum or below minimum.
So you want to :
A) cause these minimally skilled, minimum wage workers to lose their jobs to robots, or part time workers OR
B) for less than 1% of work force raise minimum nationally to $15.00 ... what about those remaining 65 million that make more than minimum wage? These people in many cases are skilled more than the minimum wage workers. So what do the employers do for these 98% that are already making more than minimum wage?
What is your solution for that?

Why not admit that people like YOU HATE America. That you want single payer health. You want NO one to get ahead. You want what this image shows mindless followers of the party...View attachment 379761

lol. I also believe in unemployment compensation that obeys our at-will employment laws for unemployment compensation. Employment is at the will of either party. We don't need those minimum wage jobs if they can easily be automated. Anyone who is unemployed should be able to obtain unemployment compensation for simply being unemployed. The could then have more rational choices under Capitalism; like going to school or learning new skills.

Higher paid labor creates more in demand, can pay their rent easier, and pay more in taxes.

ONLY the right wing has a problem with that.

We don't need minimum wage jobs? I suppose you don't think we need entry level jobs either?

Not if they can be easily automated.

 

[danielpalos]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

They still have more disposable while creating more in demand and paying more in taxes. Only the right wing is economically clueless and economically Causeless.

If their "raise" gets eaten up by having to pay taxes and having the cost of goods and services go up then the amount of disposable income increase that results from your scenario would be minute! Then if you add in the large numbers of people who will lose their jobs because of the increase in the minimum wage it's a double whammy hit for the poor! I would suggest looking at the unemployment levels of Switzerland if you want to see what not having a minimum wage does to a country. Either that or go back to the last time we didn't have a minimum wage here in the US and see what our unemployment numbers were. It's enlightening!

You realize you are trying to reason with a lazy asshole that believes others should support him. He hates others that work hard and make money and wants those hard workers to give him money for sitting on his fat ass.

Says the ignorant who are unequal for argumentative pay purposes.

 

[danielpalos]

The Raise the Wage Act passed by the House on July 18 would implement the latter strategy. But even though that represents the more aggressive indexing approach, the starting point for the new wage floor will have effectively fallen 20% since the debate began in earnest. By 2025, a $15-an-hour wage would be the equivalent of $11.93 in 2012, when the Fight for $15 movement started. To truly reflect the original demand for $15, the Raise the Wage Act would need to call for $18.87 in 2025.

The Dream of a $15 Minimum Wage Gets a Reality Check From Inflation

Excessive inflation resulting from the Minimum wage is not even a consideration.

 

[Oldestyle]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

They still have more disposable while creating more in demand and paying more in taxes. Only the right wing is economically clueless and economically Causeless.

If their "raise" gets eaten up by having to pay taxes and having the cost of goods and services go up then the amount of disposable income increase that results from your scenario would be minute! Then if you add in the large numbers of people who will lose their jobs because of the increase in the minimum wage it's a double whammy hit for the poor! I would suggest looking at the unemployment levels of Switzerland if you want to see what not having a minimum wage does to a country. Either that or go back to the last time we didn't have a minimum wage here in the US and see what our unemployment numbers were. It's enlightening!

Why bother giving anyone a raise?

You give people raises for two reasons usually...the first is that they've added job skills which makes them more valuable to your business...and the second is there is a shortage of people with those skills and your competition would LOVE to steal away your employees!

You DON'T give people raises based on something nebulous like them deserving a "living wage" no matter what skills they possess and whether there is a glut of people with their skill set in the job market!

 

[danielpalos]

Proof right wingers don't care about the Poor and are willing to double down on ignorance. Too bad you all are not very great.

This is who is the Greatest of the Great for the Right Wing:
President Trump has made more than 20,000 false or misleading claims

https://www.washingtonpost.com/politics/2020/07/13/president-trump-has-made-more-than-20000-false-or-misleading-claims/

 

[danielpalos]

This is who Right Wingers prefer to help out with our tax dollars by keeping wages low and not increasing the minimum wage:

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

Right wingers simply prefer to "hate on the Poor" so they can crony up to the Rich.

 

[Oldestyle]

This is who Right Wingers prefer to help out with our tax dollars by keeping wages low and not increasing the minimum wage:

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

Right wingers simply prefer to "hate on the Poor" so they can crony up to the Rich.

Here's a question for you, Daniel...did income inequality increase or decrease during the Obama two terms?

 

[danielpalos]

This is who Right Wingers prefer to help out with our tax dollars by keeping wages low and not increasing the minimum wage:

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

Right wingers simply prefer to "hate on the Poor" so they can crony up to the Rich.

Here's a question for you, Daniel...did income inequality increase or decrease during the Obama two terms?

The Income Gap Began To Narrow Under Obama

It would have narrowed more, but the right wing had nothing but Repeal for those shovel ready jobs. Along with trying to repeal healthcare reform.

Vote blue not red!

 

[Oldestyle]

This is who Right Wingers prefer to help out with our tax dollars by keeping wages low and not increasing the minimum wage:

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

Right wingers simply prefer to "hate on the Poor" so they can crony up to the Rich.

Here's a question for you, Daniel...did income inequality increase or decrease during the Obama two terms?

The Income Gap Began To Narrow Under Obama

It would have narrowed more, but the right wing had nothing but Repeal for those shovel ready jobs. Along with trying to repeal healthcare reform.

Vote blue not red!

I'll let the article that you cited argue against what you're claiming, Daniel!
"There is room to argue with all of these claims. The Federal Reserve, which Obama doesn’t directly control, probably did more to revive the economy than the administration’s stimulus package, the effectiveness of which remains hotly debated. The impact of Obamacare is similarly disputed: There is no question that the law increased insurance coverage, and there is evidence that it has reduced medical debt, but there are also mounting concerns that many of the insurance plans offered under the law are so limited that they provide little practical access to health care. And while it is true that Obama has raised taxes on the richest Americans, a 2015 analysis by experts at the Brookings Institution found that even a dramatic increase in taxes on the wealthy would have an “exceedingly modest” impact on overall levels of inequality."

 

[Oldestyle]

This is who Right Wingers prefer to help out with our tax dollars by keeping wages low and not increasing the minimum wage:

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

Right wingers simply prefer to "hate on the Poor" so they can crony up to the Rich.

Here's a question for you, Daniel...did income inequality increase or decrease during the Obama two terms?

The Income Gap Began To Narrow Under Obama

It would have narrowed more, but the right wing had nothing but Repeal for those shovel ready jobs. Along with trying to repeal healthcare reform.

Vote blue not red!

As for "shovel ready jobs"? Why would you even bring those up, Daniel? One of the more embarrassing moments of the Obama Administration's attempts to revive the economy was how badly their stimulus plan failed to create the hundreds of thousands of shovel ready jobs that they'd promised they'd deliver! Or have you forgotten Barry sheepishly admitting that the shovel ready jobs weren't as shovel ready as they thought?

 

[Papageorgio]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

They still have more disposable while creating more in demand and paying more in taxes. Only the right wing is economically clueless and economically Causeless.

If their "raise" gets eaten up by having to pay taxes and having the cost of goods and services go up then the amount of disposable income increase that results from your scenario would be minute! Then if you add in the large numbers of people who will lose their jobs because of the increase in the minimum wage it's a double whammy hit for the poor! I would suggest looking at the unemployment levels of Switzerland if you want to see what not having a minimum wage does to a country. Either that or go back to the last time we didn't have a minimum wage here in the US and see what our unemployment numbers were. It's enlightening!

You realize you are trying to reason with a lazy asshole that believes others should support him. He hates others that work hard and make money and wants those hard workers to give him money for sitting on his fat ass.

Says the ignorant who are unequal for argumentative pay purposes.

Thank you for the compliment.

 

[Hum Dinger]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Wow, try the robots and see how much you have to pay for maintenance, upgrades and consulting fees. Techies like myself cost more per hour than you pay a waitress for a week.

 

[Hum Dinger]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Went to Red Robbin for lunch. Placed my order and paid through basically a bottom of the line $100 IPad. The only person that came by filled my Coke back up. You just aren’t going to get 15 bucks an hour to do that job. It’s not going to happen.

There's a whole lot more going on in restaurants that the customers never see. Try working in one sometime.

 

[healthmyths]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Wow, try the robots and see how much you have to pay for maintenance, upgrades and consulting fees. Techies like myself cost more per hour than you pay a waitress for a week.

Don't disagree with you...today. But with more robot waiters, there will be more techies like you and therefore the lower the costs. Plus with the more robot/waiters there will be improvements and probably more impactful has been the COVID shut downs. Now the restaurants are closing and those opening are using "social distancing" which means fewer customers...FEWER waiters! So the minimum wage is looking less and less promising.