How Should We Pay For All This Stuff?

[squeeze berry]

Raise the minimum wage to $23.50/HR. Simple!

$23.50/HR may solve some problems, but might as well go all the way to reach socialist, freeloading Utopia:

Raise the minimum wage to $23.51/HR!

Simple!

how about everyone make $23.51/hr

simple

 

[NightFox]

Over a trillion dollars of other people's money is spent on tax expenditures like these each year.

Unfortunately I have to point out that your premise is flawed since there is no such thing as a tax expenditure, government cannot spend money that it has not collected and thus does not belong to it, the logic behind the term "tax expenditure" is intended to imply that all income belongs to government FIRST and not to those that earned it, this is a fallacy in a free and just society. Just taxation is applied when the individual pays taxes proportionate to the government services he/she consumes, an inherently unjust taxation policy forces the individual to pay taxes that are connected only to the amount of economic exploitation that the authors of such policies feel that any given group will tolerate without revolting at the ballot box, the streets or on their tax forms (putting aside of course all the social engineering and economic central planning that goes into current taxation policy).

It would be far more appropriate to call the differential in how tax policy is applied by it's real name, taxation favoritism.

 

[HereWeGoAgain]

Stop giving everyone everything.

Stop giving them money for having kids and a house. Make em pay just like those that don't have the kids and the house.

As for business. Get rid of the subsidies, tax loopholes and tax credits.

Lets also get the economy up and rolling. We obviously need someone better than the current jackass and his posse of boobs.

There's a reason they give tax breaks to families. And they are obvious....

 

[ba1614]

Stop giving everyone everything.

Stop giving them money for having kids and a house. Make em pay just like those that don't have the kids and the house.

As for business. Get rid of the subsidies, tax loopholes and tax credits.

Lets also get the economy up and rolling. We obviously need someone better than the current jackass and his posse of boobs.

There's a reason they give tax breaks to families. And they are obvious....

No tax breaks for anyone. If you can't afford a family don't have one.

 

[DiamondDave]

Raise the minimum wage to $23.50/HR. Simple!

Raising the floor does nothing at all except changing the level of money used to define poverty.... well, it also creates higher unemployment, rampant inflation, etc... but that don't matter to idiots like you

 

[Claudette]

Stop giving everyone everything.

Stop giving them money for having kids and a house. Make em pay just like those that don't have the kids and the house.

As for business. Get rid of the subsidies, tax loopholes and tax credits.

Lets also get the economy up and rolling. We obviously need someone better than the current jackass and his posse of boobs.

There's a reason they give tax breaks to families. And they are obvious....

No tax breaks for anyone. If you can't afford a family don't have one.

Ditto.

Just because you have kids and a house doesn't mean you should get breaks on these things.

Folks who don't have kids or a house don't get breaks. In fact these folks pay school taxes even though they don't have kids.

If you can't afford kids or a house then don't have either.

 

[HereWeGoAgain]

Stop giving everyone everything.

Stop giving them money for having kids and a house. Make em pay just like those that don't have the kids and the house.

As for business. Get rid of the subsidies, tax loopholes and tax credits.

Lets also get the economy up and rolling. We obviously need someone better than the current jackass and his posse of boobs.

There's a reason they give tax breaks to families. And they are obvious....

No tax breaks for anyone. If you can't afford a family don't have one.

You wont get any argument from me on that. But the reasons behind tax breaks for families at least make sense.
I'm all for a flat tax where EVERYONE pays.
You have to wonder how the tune dems play about taxing the rich would sound if a flat tax was implemented. You can bet we would end up with a bunch anti tax dems....

 

[TakeAStepBack]

Over a trillion dollars of other people's money is spent on tax expenditures like these each year.

Unfortunately I have to point out that your premise is flawed since there is no such thing as a tax expenditure, government cannot spend money that it has not collected and thus does not belong to it, the logic behind the term "tax expenditure" is intended to imply that all income belongs to government FIRST and not to those that earned it, this is a fallacy in a free and just society. Just taxation is applied when the individual pays taxes proportionate to the government services he/she consumes, an inherently unjust taxation policy forces the individual to pay taxes that are connected only to the amount of economic exploitation that the authors of such policies feel that any given group will tolerate without revolting at the ballot box, the streets or on their tax forms (putting aside of course all the social engineering and economic central planning that goes into current taxation policy).

It would be far more appropriate to call the differential in how tax policy is applied by it's real name, taxation favoritism.

it's the same fallacy we see all the time. People absolutely refuse to admit that the government is overspending money it does not have, and then turns to the folks who actually earn money and pit them against one another due to this unjust system of tax and spend into oblivion.

The only other things I'd liek to input here are, why stop at $23 hr for minimum wage? Why not $250 an hour? Why not $1,000? Wouldn't things be so much better if we were all making at the very least $1,000 an hr?

After that, the debt is almost at 17 trillion. Give a about a week.

 

[FA_Q2]

Stop giving everyone everything.

Stop giving them money for having kids and a house. Make em pay just like those that don't have the kids and the house.

As for business. Get rid of the subsidies, tax loopholes and tax credits.

Lets also get the economy up and rolling. We obviously need someone better than the current jackass and his posse of boobs.

There's a reason they give tax breaks to families. And they are obvious....

No tax breaks for anyone. If you can't afford a family don't have one.

This but it is never going to happen. The politicians would lose far too much power if they were no longer able to game the tax system into paying off their interests. The system provides far to much cover.

 

[Ernie S.]

Raise the minimum wage to $23.50/HR. Simple!

And lay off 2/3 of unskilled labor.

 

[Soggy in NOLA]

You lost me when you went off on the typical leftwing moonbat rant about tax credits... that only works if you subscribe to the notion that the gubmint is entitled to 100% of your earnings. At the end of the day, the mortgage interest deduction doesn't lower your tax bill that much.

And noticeably absent was any mention of the EIC or the myriad of "tax credits" that people with a $0 tax bill get.

Whatever.

 

[LordBrownTrout]

Try cutting Defense and watch who howls. Everyone has their sacred cow.

Try removing all those tax expenditures, and every blessed American will howl. "Take away that guy's deduction, but not mine!"

Everyone has their finger in the pie.

Time to pull it out and suck it up.

Take away social engineering programs and watch who howls. Slash social and military spending by 30 percent and we may just start solving something. Otherwise, we won't be the first nation, in the annals of history, who has fallen onto the ash heap due to debt.

 

[Ernie S.]

The whole idea of raising the minimum wage to $23.50 is ludicrous. Consider low skilled assembly work where labor is 50% of cost.

3 people are assembling widgets and can make 100 each/day. We end an 8 hour shift with 300 widgets costing $180 to assemble, or $360 total. Assuming a 25% profit margin, the company sells it's 300 widgets for $450 or $1.50 each.

So now, we have to pay our assembler's $23.50 per hour to make his 100 widgets.
For 300 widgets, our labor cost is now $564. the raw materials, for the moment, still cost $180, but we can assume that the cost of manufacturing for those has risen as well, but we'll leave that out for the moment.
300 widgets now cost $744 plus the 25% margin. They now sell for $930 or $3.10 each.

You dummies will now bitch that you won't pay more than twice as much for your widgets, that the corporate robber barons are getting richer while poor people can't afford the bare necessities.
The corporation now has a choice. They can deal with reduced sales and lay off 25% of their labor force, or off shore assembly to Mexico or India, or China.
You will then end up with a widget that costs 2 bucks that is inferior to the one you used to buy for a buck and a half, but your taxes will have gone up to pay welfare and unemployment to the 300 greedy former widget assemblers.

 

[rdean]

Raise the minimum wage to $23.50/HR. Simple!

And lay off 2/3 of unskilled labor.

Republicans already did that when they helped move millions of jobs to China.

 

[Ernie S.]

Raise the minimum wage to $23.50/HR. Simple!

And lay off 2/3 of unskilled labor.

Republicans already did that when they helped move millions of jobs to China.

I explained just above what moves jobs to China, you idiot.

 

[FA_Q2]

Raise the minimum wage to $23.50/HR. Simple!

And lay off 2/3 of unskilled labor.

Republicans already did that when they helped move millions of jobs to China.

Remind me, who signed NAFTA? What do you think the major drivers to offshoring are?

Never mind, I forgot. You are not capable of thinking past D good, R bad.

 

[OnePercenter]

The whole idea of raising the minimum wage to $23.50 is ludicrous. Consider low skilled assembly work where labor is 50% of cost.

3 people are assembling widgets and can make 100 each/day. We end an 8 hour shift with 300 widgets costing $180 to assemble, or $360 total. Assuming a 25% profit margin, the company sells it's 300 widgets for $450 or $1.50 each.

So now, we have to pay our assembler's $23.50 per hour to make his 100 widgets.
For 300 widgets, our labor cost is now $564. the raw materials, for the moment, still cost $180, but we can assume that the cost of manufacturing for those has risen as well, but we'll leave that out for the moment.
300 widgets now cost $744 plus the 25% margin. They now sell for $930 or $3.10 each.

You dummies will now bitch that you won't pay more than twice as much for your widgets, that the corporate robber barons are getting richer while poor people can't afford the bare necessities.
The corporation now has a choice. They can deal with reduced sales and lay off 25% of their labor force, or off shore assembly to Mexico or India, or China.
You will then end up with a widget that costs 2 bucks that is inferior to the one you used to buy for a buck and a half, but your taxes will have gone up to pay welfare and unemployment to the 300 greedy former widget assemblers.

Your arithmetic is flawed. Wages are subsidized at 100% for employers.

 

[Freemason9]

Stop giving everyone everything.

Stop giving them money for having kids and a house. Make em pay just like those that don't have the kids and the house.

As for business. Get rid of the subsidies, tax loopholes and tax credits.

Lets also get the economy up and rolling. We obviously need someone better than the current jackass and his posse of boobs.

There's a reason they give tax breaks to families. And they are obvious....

No tax breaks for anyone. If you can't afford a family don't have one.

Well, there goes tomorrow's labor force.

 

[Freemason9]

Try cutting Defense and watch who howls. Everyone has their sacred cow.

Try removing all those tax expenditures, and every blessed American will howl. "Take away that guy's deduction, but not mine!"

Everyone has their finger in the pie.

Time to pull it out and suck it up.

Take away social engineering programs and watch who howls. Slash social and military spending by 30 percent and we may just start solving something. Otherwise, we won't be the first nation, in the annals of history, who has fallen onto the ash heap due to debt.

There is no actual "debt" per se, and your failure to understand this makes your opinions basically worthless.

 

[Freemason9]

The whole idea of raising the minimum wage to $23.50 is ludicrous. Consider low skilled assembly work where labor is 50% of cost.

3 people are assembling widgets and can make 100 each/day. We end an 8 hour shift with 300 widgets costing $180 to assemble, or $360 total. Assuming a 25% profit margin, the company sells it's 300 widgets for $450 or $1.50 each.

So now, we have to pay our assembler's $23.50 per hour to make his 100 widgets.
For 300 widgets, our labor cost is now $564. the raw materials, for the moment, still cost $180, but we can assume that the cost of manufacturing for those has risen as well, but we'll leave that out for the moment.
300 widgets now cost $744 plus the 25% margin. They now sell for $930 or $3.10 each.

You dummies will now bitch that you won't pay more than twice as much for your widgets, that the corporate robber barons are getting richer while poor people can't afford the bare necessities.
The corporation now has a choice. They can deal with reduced sales and lay off 25% of their labor force, or off shore assembly to Mexico or India, or China.
You will then end up with a widget that costs 2 bucks that is inferior to the one you used to buy for a buck and a half, but your taxes will have gone up to pay welfare and unemployment to the 300 greedy former widget assemblers.

Who's gonna be able to afford those widgets in a low-wage American economy, though? Sales will fall as real wages fall. As sales fall, more people will lose jobs. As more people lose jobs, they will spend less.

Rinse and repeat.

This economic system is insane and doomed to failure.