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That revenue was never the federal government's to begin with you dolt.When Bush cut trillions in taxes, that revenue was gone. When Republicans helped move millions of jobs to China and close tens of thousands of factories, that revenue was gone.
With those factory closings, the means to that revenue stream is gone. You can't start it up again. You can only rebuild. Republicans will never let that happen. When they talk economics, it's always about taxes. It's all they know. And we've seen where that path leads.
let me find the link i had read, it could have been when income tax was first instituted with employer taking out the taxes....? give me a few minutes...to find it.The first income tax in 1862 applied only to those with a wage of over $600 a year which was the standard deduction. In today's dollars it would be about $15,000.I had read that when income taxes were first instituted, the STANDARD DEDUCTION, was equivalent to $68,000 in today's dollars. Income tax was never meant to hit the middle class or lower, I suppose?Tax expenditures equals "Tax Write offs", in other words, have a FLAT progressive tax rate, and not have all of these things that are deductible through the long form.... maybe a lower "progressive tax rate" where everyone is treated the same as far as not having all of these things that can be written off to lower their tax rate
I would like to see a flat income tax rate on all income earned in excess of $50,000 a year.
He also SAID thisBurger flippers unite!!!
- $50,000 per year
- 401K
- Company car
- Gas card
- Free meals
- Hookers
- Free insurance
- 200 days vacation
- 165 sick days
- Clothing allowance
Your tell that you've lost the argument.
No, not really.. like I asked before, why not be really fair and mandate a $50k minimum wage?
Why not bring back slavery?
Slaves were unpaid..... hence the slave thingy.
This is not a meme. This is actually what Rock said, and he sorta' leans right....
Some people are not worth loaning to and giving too... It should be up to the individual not the federal government...==========Where retired people have been raped the hardest is at the Fed. By bailing out the zombie banks with ZIRP, they have committed mass robbery of savers.==============Moonglow, your suggestion should go without saying, but it would take someone a lot smarter than me to come up with a solution. The obvious counter option to raising wages is dropping costs. However that involves decisions from private businesses, and the record of large corporations is not loyalty to employees. As a retiree living on SS and a small pension, I can make a long list of items that increase yearly while my income remains static by act of Congress. Healthcare COB and meds goes up every year, home and auto insurances, foods, vet care for pets, utilities..the list is endless and it is like getting nicked to death. BTW, have you seen the lists of meds NOT covered, or in a barely covered tier? To work more than one job just to keep a head above water, raise a family, without hope of the kids higher education is the seed of rebellion. That's what bred the dreaded Unions. OTOH, Mom & Pop aren't rolling in dough either. Nor is it fair to ask them to impoverish themselves. Government has excluded employers of under x many employees, which is a break. So what's the answer?The only other action is to reduce the cost of living by operations controlled by rich folks..
Yes, we retired people have been taking it in the shorts. The government calculates inflation based on gasoline price only it seems but that only when they can use it to justify not increasing Social Security.
I've been retired for 20 years today and when I first retired we would go to dinner at a local steakhouse chain and dinner for two would run me approx $35 now it is $83 but I am actually getting $3,000 less each year clear to live on because of increases in health insurance. My pension from the union has a deduction for my union health insurance which is now my secondary to Medicare. Both Medicare and my secondary insurance costs have continued to go up up up up through the years while pensions all increased little to none.
Which results in an actual loss of $3000 / year compared to when I retired not to mention that the price of everything else has gone up as well. Health insurance has cut my income but inflation in other things has increased my outgo.
I retired very comfortable but now I can see that it won't be long before I might have to become a Wal-Mart greeter someday. Welll, probably not but it could happen if inflation isn't stopped or some massive increases in Social Security.
Yes that is another / different crime not only against retirees but against EVERYONE who tries to save money.
Who would have thought when we were in our working day that banks would get away with paying .01% interest on savings accounts and be allowed to charge up to 35% interest on credit cards etc.?
And then they bitch that they aren't making enough money.
I remember the good old days when we had Usery Laws and they could not charge more than 10% interest and ALL INTEREST WE PAID WAS TAX DEDUCTIBLE.
Thanks to Ronald Regan who pushed through the largest tax increase in history on the lower classes, we can only deduct mortgage interest now. No more deduction for the massive interest on those credit cards. And he < wanted > to take away the home mortgage deduction too but couldn't get away with it because Republicans pay interest on their homes too ( many of them ).
Ronald Reagan was the biggest traitor in history after Henry Kissinger.
A socialist country can not exist long term, our time is about up looks to be.When Bush cut trillions in taxes, that revenue was gone. When Republicans helped move millions of jobs to China and close tens of thousands of factories, that revenue was gone.
With those factory closings, the means to that revenue stream is gone. You can't start it up again. You can only rebuild. Republicans will never let that happen. When they talk economics, it's always about taxes. It's all they know. And we've seen where that path leads.
Add deregulating everything!!! Hover started the great depression and Bush started the great recession because of this shit...But a little know fact is that the long depression of 1894 was also caused by it. History proves that republican policies suck.
I think that was the thought originated by cotton and cane plantation owners of the 1800s.No one starts an business just to hire, the only feasible reason to start a business to make living off the profits. DumbassMinimum wage is far more a political issue than an economic issue. There have been a ton of economic studies on the effect of minimum wage increases. The overwhelming conclusion is increases in minimum wage have little impact on employment. Note the word little. Anytime the cost of doing business rises, there is some impact However, increases in minimum wage are offset by a number of factors. For example, increases in spendable income increase the demand for goods and services and thus labor. Some employers will raise prices. Other employers will increase efficiency of operation.
Minimum wages increase are not a cure for poverty nor or they a disaster for businesses. They certainly benefit valuable low paid employees but force some margin workers to seek other more suitable jobs or training to increase their skills.
The only successful business is an debt free one operating within its means...
So everything depends operational costs...
i got excited...you do realize that you quoted a blank post from me and commented on it right?Everyone needs to make their way, it's not given. As it should be... Milky lickerIn your opinion, are there enough jobs that aren't minimum wage in this country for every able bodied man and woman?No one is forced to take those minimum wage type jobs. DumbassThese are minimum wage jobs:
Don't like to pay, don't like the job, get something better, quit being a victim, move up not down in life, quit feeling sorry for yourself, like I said life is no charity.
No wonder this country is getting their ass kicked...
Now, Im really not sure what a milky licker is but, if its something of a negative value, can we consider the response to a blank post as a entrance into the awards night for the most milky licker of the bunch?
...because people were lied to.no, we really do not.Not if it puts them out of business.
If you can't pay a decent wage in the US and make money, then you should go out of business, or find a new way of doing business.
Who sets the "decent wage", who is "owed" it, and why?
We the People. We have a government of the People.
if we did there would be no obamacare
two presidential elections say otherwise.
it seems to me that we would do a lot better by SUBSIDIZING the very basic
requirements of life in the USA ----ie making them AFFORDABLE to the broad base
What does being Republican have to do with it in your world? Assuming that's even true. Women makes less because they don't put in the time men do, most divide their time with raising kids.People in this thread are calling for all government assistance to the poor to end. People dying in the streets is what happens in such places.
Yep. Remember all of those people dying in the streets in 1960?
Which people specifically? San Francisco was a fantastic city in 1960.
Exactly my point.
Now, this is happening:TECH BOOM FORCES A RUTHLESS GENTRIFICATION IN SAN FRANCISCO
http://www.newsweek.com/2014/04/25/...less-gentrification-san-francisco-248135.html
People who have lived their all their lives are being pushed out, forcibly, by Silicon Valley.
So ask yourself why those ultra liberals who care so much for the poor and middle class are forcing them out of their homes
Who said Silicon Valley was liberal? Even women are still having a problem there. Lots of big pockets of Republicans in California.
Everything done by a career politician is for all the wrong reasons, see how fucked up our federal government is...it seems to me that we would do a lot better by SUBSIDIZING the very basic
requirements of life in the USA ----ie making them AFFORDABLE to the broad base
We do that now. It's called the earned income tax credit.
Old republicans brought it to us (Ford Reagan) and today's repubs hate it.
That's how we get 47% not paying federal taxes.
But if effectively raises the earnings of poor people.
saying it raises the earnings is not a true statement. They didn't earn it, the steal it from other tax payers.it seems to me that we would do a lot better by SUBSIDIZING the very basic
requirements of life in the USA ----ie making them AFFORDABLE to the broad base
We do that now. It's called the earned income tax credit.
Old republicans brought it to us (Ford Reagan) and today's repubs hate it.
That's how we get 47% not paying federal taxes.
But if effectively raises the earnings of poor people.
Of course if YOU hire someone you would pay them well above prevailing wages.No, that's not what it means. It's human nature to be greedy.
The Waltons, whose collective worth amongst 4 people is now $135,000,000,000, have finally decided to raise wages because their turnover has become too expensive for them:
One Reason Wal-Mart Is Raising Pay: Turnover
One Reason Wal-Mart Is Raising Pay: Turnover
saying it raises the earnings is not a true statement. They didn't earn it, the steal it from other tax payers.
You take away all the silly ass social programs Im forced to contribute towards and give me my money back, I could be driving a new Corvette instead of my truck.
DeflectionRusty . If you have better ideas. Send them to your congress critter.
Its why Im not a registered republican, they don't do whats right for the country.saying it raises the earnings is not a true statement. They didn't earn it, the steal it from other tax payers.
You take away all the silly ass social programs Im forced to contribute towards and give me my money back, I could be driving a new Corvette instead of my truck.
Ford signed it into law. Reagan GREATLY expanded the program.
You probably think low wage earners should do what? Tell their tax preparer; no dude, do not get me that refund.
They are following the law. They are low wage . Not stupid.
Do you take advantage of the tax code? Shame on you eh?
Hey republicans control congress. Why don't they repeal the law for the EITC?
Sad. People will be stuck making min wage so the CEO's can make millions off the workers backs.That damn reality slaps the left in the face every time.
Oregon Governor Abandons $15+ Minimum Wage
Facing a barrage of criticism from business, and labor skepticism over threats of higher unemployment, Oregon Governor Kate Brown is scaling back her $15.52 minimum wage proposal.
A November report by the Manhattan Institute, “Counterproductive: The Employment and Income Effects of Raising America’s Minimum Wage to $12 and to $15 per Hour,” concludes that raising minimum wages is likely to result in adverse consequences that would lower total national income levels.
“The earnings gained for those who would keep their jobs would be outweighed by the earnings lost by those who would become jobless,” the report detailed. “As a result, the net income gains tend to be smaller or more negative when using the annual earnings approach than when using the wage approach.”
Facing concerns from the right and the left that her minimum wage proposal was an obvious job killer in Oregon, Gov. Brown blinked on January 28 and has scaled back her proposal to only a $.50 raise per hour statewide July increase, from $9.25 to $9.75-per-hour. The Portland metro area would see an increase in July 2017 to $11.25 an hour, with the rest of the state’s minimum wages rising to $10.25 an hour.
Oregon Governor Abandons $15+ Minimum Wage - Breitbart
no they don't.DeflectionRusty . If you have better ideas. Send them to your congress critter.
Deflection? Of the nonsense you write? LMAO.
Nah that was a suggestion for you to do something worthwhile. Write your congress critter. They wAnt to hear from you. Really.
