Taxing The Rich

[hadit]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.

Raising the MW is a never ending proposition, because inflation wipes out any increase in a short period of time and they're right back to begging for another increase. The only way it is sustainable is if it's done slowly enough and kept small enough to not really matter.

 

[danielpalos]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

How are you going to increase the value of that job when it's not worth the increased wage?

By moving the goal posts via the socialism of Government with our fiat money. The value of any minimum wage labor is what Government says it is. Capitalist simply need to review their accounting to make a profit.

 

[danielpalos]

Exactly right. The "rich" in the eyes of the Democrats are the working wealthy, not the multi-billionaire elitists. The reason Gates and Bezos are Democrats and push a globalist agenda is because they will be the ones getting all the spoils in such a scheme. They want to punish the working successful folks to a point where they are right in line with the rest of the peasants. They then have us exactly where they want us all...dependent upon them.

There is a theory out there that Democrats absolutely despise, it's called Cause and Effect.

What they don't understand is that when you tax the rich man, you actually have to pay for those taxes. If the rich guy owns a business, he may freeze pay raises, have his employees pay a larger share of their healthcare insurance bill, increases the costs of the services or products he provides, invest in automation to replace humans to recoup that loss.

Democrats always seem to think they can just arbitrarily increase a company's costs without anything changing. They seem to believe every company is a bottomless pit of money and they can just un the bills and nothing will change. This is why no tax increase ever brings in the additional revenue they calculate, because people are not stupid, they move things around to pay as little as possible. Idiots.

Then stop complaining about the Poor not paying much in taxes or the cost of social services.

 

[danielpalos]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.

Raising the MW is a never ending proposition, because inflation wipes out any increase in a short period of time and they're right back to begging for another increase. The only way it is sustainable is if it's done slowly enough and kept small enough to not really matter.

The minimum wage needs to meet or beat inflation on an Institutional basis. Indexing the minimum wage to inflation is one method.

 

[Ray From Cleveland]

Democrats always seem to think they can just arbitrarily increase a company's costs without anything changing. They seem to believe every company is a bottomless pit of money and they can just un the bills and nothing will change. This is why no tax increase ever brings in the additional revenue they calculate, because people are not stupid, they move things around to pay as little as possible. Idiots.

Democrats spend too much time watching television movies and think it's reality. They actually believe that when you tax the wealthy, they just have to do with one less yacht. If that were true, businesses wouldn't be closing up left and right. They think all CEO's have this massive office with a large breasted secretary he screws around with, and spends all day practicing putts on his office astroturf.

 

[hadit]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.

Yep. When you increase the minimum wage, you increase everyone else's wages because minimum wage by definition goes to the lowest value employees. So you have to pay the others proportionately more.

Then their companies raise prices and it all balances out again. Then a Democrat raises their hand and says I have an idea, let's increase the minimum wage ...

The problem is that's best case for low end workers, that it just doesn't work. The reality is that businesses constantly use those increased costs to streamline, optimize and automate processes. Which results in fewer low end jobs.

The low end workers are actually the victims of minimum wage increases. Democrats of course don't care, it was never about helping anyone. They want them to be poor so they stay Democrats

The left has a solution for that. Equal protection of the laws for unemployment compensation our at-will employment States.

What Daniel is trying to say is that he wants to be paid even if he refuses to work a job. He doesn't understand that at-will means you can quit and you can be fired, that's it.

 

[Ray From Cleveland]

Dumb. Medicare works well and most Americans love it. Think.

It's also on life support because of the cost. That meager deduction out of your paycheck you paid your entire life covers less than your first major surgery. It's largely supported out of the general fund, and we are a country now 26 trillion in debt and growing. As I stated earlier, giving government control over our healthcare is giving them control over our lives. Look at what DumBama did when he had power. He forced all restaurants to post calorie count on every item they sell. HIs wife? She went to the public schools and created a menu that a dog wouldn't eat. Kids were going to school hungry or bringing candy bars and snacks to school to survive.

If Democrats are going to take care of our healthcare, they will also be able to tell you how to live. They will be able to tell you how to eat, how much exercise you must have, how much time you can spend on your television or computer, what to smoke, if you can smoke, and how much you can smoke. Alcohol consumption would be very limited. You might not even be legally allowed to ride your motorcycle in the summer.

Don't think that could happen here? Think again. This is what America could look like:

Fat in Japan? You're breaking the law. - The World from PRX

As the health care debate rages in the US, Tokyo lawmakers set a maximum waist size. Are you too fat for Japan?

www.pri.org

Obese patients and smokers banned from routine surgery in 'most severe ever' rationing in the NHS

Obese people will be routinely refused operations across the NHS, health service bosses have warned, after one authority said it would limit procedures on an unprecedented scale.

www.telegraph.co.uk

 

[hadit]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.

No, it doesn't. Some studies show less than five percent increase in prices. Simply beating the rate of inflation means greater purchasing power for Labor and their propensity to consume. The doubling of the minimum wage will not result in a doubling of prices for anything.

So you're going to increase labor costs by 100% but claim that prices will only go up 5%? You're not the brightest bulb on the tree...are you, Daniel?

Due to minimum wage increases. Other wages could raise it more, but the pay increases need merely beat inflation. Who cares if prices go up if we can afford it with the higher wage. And, a fifteen dollar an hour minimum wage also generates several times more in federal income tax revenue.

Answer this honestly, Daniel. Why stop there? Let's just raise it to $100/hr and eliminate poverty altogether. Why not?

 

[LeftofLeft]

Capitalism allows anyone to join that favored section. Capitalism also works best for most of the population.

Capitalism works well for a fraction of the global population. Americans, especially those with white skins or attitudes, live relatively well, but their lifestyles depend on endless wars and eternal debt. Private ownership of the means of production and distribution enriches owners at the expense of workers not unlike the serfs and slaves in previous times.

https://en.wikipedia.org/wiki/Historical_materialism#:~:text=facts and hypotheses.-,Trajectory of historical development,and production in different ways.

Bullshit. If that were the case, then people of color would not be fleeing other nations and have America as their first choice. People come to America because it is the country with the most Opportunity compared to any other nation worldwide. The nations these people of color are fleeing are largely failed socialist and/or communist nations that engage in oppression leaving them no opportunity.

 

[hadit]

"Above all things, good policy is to be used that the treasure and monies in a state be not gathered into few hands. For otherwise a state may have a great stock, and yet starve. And money is like muck, not good except it be spread"
-- Francis Bacon; from 'Of Seditions and Troubles'

Raise the minimum wage to raise more tax revenue.

You just don’t get it. Raise minimum wage prices go up. So the only thing you are doing is making the poor slob have less money in their pocket because of taxes. So I guess you want people to either stop working or have less money to spend

Prices have been going up anyway; only the minimum wage was not being raised on a regular basis to keep up with inflation.

I don’t know where you live but where most people live the cost of labor has been going up. In my area you can go to work at McDonalds for more then minimum wage.
Minimum wage of $15.00 an hour will not get you the same things as other areas.
I know that you are unable to comprehend this but why not allow states to set minimum wage since they understand their economy better then the federal government? Oh I know because then the federal government would not be in charge of everything in people’s lives

Then why complain about the less than five percent who work minimum wage jobs getting a higher statutory minimum wage that is a simple cost of living adjustment?

You're ignoring the ripple effect. More than half the work force makes $20/hr or less. All of them would demand a raise. Add to that everyone who now makes between $7 and $15, and no, it's not 5%.

 

[georgephillip]

Bullshit. If that were the case, then people of color would not be fleeing other nations and have America as their first choice.

How many people of color has the US military maimed, murdered, and displaced since 911?

Why Military Intervention Will Never “Fix” the Middle East - CounterPunch.org

How will you react if Trump removes ALL US military forces from Afghanistan before January 2021?

 

[hadit]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.

No, it doesn't. Some studies show less than five percent increase in prices. Simply beating the rate of inflation means greater purchasing power for Labor and their propensity to consume. The doubling of the minimum wage will not result in a doubling of prices for anything.

So you're going to increase labor costs by 100% but claim that prices will only go up 5%? You're not the brightest bulb on the tree...are you, Daniel?

Due to minimum wage increases. Other wages could raise it more, but the pay increases need merely beat inflation. Who cares if prices go up if we can afford it with the higher wage. And, a fifteen dollar an hour minimum wage also generates several times more in federal income tax revenue.

How does this work, Daniel? The profit margin of your typical brick and mortar store is less than 5%. Their largest expense will typically be payroll which you're now increasing by 100%. So where do you make up the difference?

Prices won't double even if the minimum wage does. The multiplier effect does the rest.

I asked a rather simple question, Daniel...which you've failed to answer. How do you raise labor costs 100% in a business that only has a 5% profit margin and NOT raise the price of goods and services provided by that business?

It is about the minimum wage and minimum wage labor. What percentage of any workforce makes the minimum wage?

Answer the question, Daniel. If you can't...then admit you have no clue what you're talking about...tuck tail and find another string!

You are the one begging the question. You have nothing but Hoax not any understanding of economics.

So your "answer" to a very simple question...is that I have "Hoax"? If you can't answer something that basic, Daniel then it's obvious your minimum wage ideas fall flat on their face.

I took Economics classes at UMass, Amherst College and Boston University. What is your background on the subject?

I'd give it up. You'll never get anything but empty rhetoric from Danny Boy

lol. You have nothing but Hoax, not any valid arguments for rebuttal.

Awwwwk! Polly wanna hoaxcracker!

Still no valid arguments. How many times do I have to repeat myself to get a valid response from right wingers?

Okay here's one. If a lazy Dem dreg needs more money, then tell him to get a job or a better one if by accident he already has one. Raising minimum wage makes the dregs dreggier.

Raising the minimum wage means more federal income tax revenue for Government.

Why? The dregs milk the system for every dollar they can get even better than the uberrich. Consumer prices go up and any taxes the dregs pay are miniscule if at all.

Not at all. A fifteen dollar an hour minimum wage generates several times more in federal income tax revenue. So what if the employer cuts a few jobs. The unemployed should be able to obtain unemployment compensation for as long as they want.

And there it is, the admission that you want to get paid even if you refuse to work a job. What you want is welfare, not unemployment compensation.

 

[Maxdeath]

Not taxing them isn’t working either. We can’t borrow forever.

While that’s an issue, the much bigger issue is the ultra wealthy buy all sorts of benefits from government. They get what they want and it is almost always at the detriment of the rest of us.

A good example is around 70% of Americans, including many enlightened republicans, want Medicare for All. However, since the ultra wealthy don’t want this, it doesn’t happen.

I'm not wealthy and I don't want it.

Government has been looking to control the people forever. They've been somewhat successful. The only two vestiges stopping them from total control over us are healthcare and energy. Once government controls those two things, they have the ability to to totally control our lives from birth to death.

Lol. Well that does it. You don’t want it so that’s the end of story.

Of course you’ve been duped by the wealthy to think as you do.

Our HC system is a total failure. Time to change it.

Funny! You think that the government does such a good job with everything else that we should turn healthcare over to them also?
Tell me one thing that government has ever done that has been done well and done cost effectively.
I would wait but we all know that the answer is nothing.
Funny that everyone used to point to Canada as a shining example of government healthcare. But now suddenly they are realizing that there are extremely long wait times. Canada is moving towards individual healthcare and some Canadians are coming to the U.S. to have things taken care of.
Now why would we want a government that can not properly do anything to do healthcare? Why would we want to follow in Canada’s footsteps when they are coming over to our way.
if we could just get the government to allow insurances to sell the same policy across all states prices would drop. But when you have to have a different policy for one state but then have a completely different one for a state right next to it the cost has to go up. But yet we allow the government to have a hand in screwing up individual insurance.

Yes that’s the old right wing talking point, and it gets you guys every time.

We have a failing HC system. It’s exponentially more expensive than anywhere else in the world, because the ultra wealthy need more money. It also fails millions of Americans as outcomes are poor. For the first time in our nation’s history, life expectancy is dropping. Millions go bankrupt or don’t receive care because they don’t have insurance or can’t afford the absurdly high costs.

Over 70% of Americans want it. Are we a democracy or not?

Lol. I get it everything wrong in the world is because someone has more money then you.
Our healthcare system is actually better then almost anyone’s. But unfortunately lawyers have found a very lucrative life in sueing for even the slightest possibility of malfeasance.
Our life expectancy is falling because of our unhealthy lifestyle, eating too much processed food, and our penchent for self medicating with either legal or illegal drugs.
I get it we just need to stop trying to find new medicines, new procedures. Then the costs will come down. All those new things cost money to develop.


If so many Americans really do want single payer healthcare then why is it not in place? Can it be that we can’t afford it? Can it be that the 70% is only made up number like the polls are?
But just remember you are handing over healthcare to a government that always makes things more expensive and always screws things up. Also remember that it will be much easier to hand the government healthcare then it will ever be to wrest it back again.

Ah yes the old jealousy ploy cons love to present. I’m rich dick head and retired. I want to live in a country that cares about it’s less fortunate rather than just the ultra wealthy. WTFU.

Lol. Yes I am a millionaire, own ten mansions and a hundred large ships.
I don’t care who you are that there is funny.

So the U.S. doesn’t have welfare? It doesn’t feed people out of food banks? It doesn’t have such things as low income housing? It doesn’t care about the less fortunate at all no programs that help them out.
We hand out free money to the ultra rich because they don’t have enough.
Man talk about crazy.

 

[hadit]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

How are you going to increase the value of that job when it's not worth the increased wage?

By moving the goal posts via the socialism of Government with our fiat money. The value of any minimum wage labor is what Government says it is. Capitalist simply need to review their accounting to make a profit.

You have absolutely no idea how a business actually operates, do you? You can't if you think you can arbitrarily increase costs and the company won't do anything about it.

 

[LeftofLeft]

Bullshit. If that were the case, then people of color would not be fleeing other nations and have America as their first choice.

How many people of color has the US military maimed, murdered, and displaced since 911?

Why Military Intervention Will Never “Fix” the Middle East - CounterPunch.org

How will you react if Trump removes ALL US military forces from Afghanistan before January 2021?

You are all over the place. What is the number one destination country for immigrants? Further, you didnt address why people of color who are immigrants come here? You simply keep blaming and smearing America.

 

[gipper]

Dumb. Medicare works well and most Americans love it. Think.

It's also on life support because of the cost. That meager deduction out of your paycheck you paid your entire life covers less than your first major surgery. It's largely supported out of the general fund, and we are a country now 26 trillion in debt and growing. As I stated earlier, giving government control over our healthcare is giving them control over our lives. Look at what DumBama did when he had power. He forced all restaurants to post calorie count on every item they sell. HIs wife? She went to the public schools and created a menu that a dog wouldn't eat. Kids were going to school hungry or bringing candy bars and snacks to school to survive.

If Democrats are going to take care of our healthcare, they will also be able to tell you how to live. They will be able to tell you how to eat, how much exercise you must have, how much time you can spend on your television or computer, what to smoke, if you can smoke, and how much you can smoke. Alcohol consumption would be very limited. You might not even be legally allowed to ride your motorcycle in the summer.

Don't think that could happen here? Think again. This is what America could look like:

Fat in Japan? You're breaking the law. - The World from PRX

As the health care debate rages in the US, Tokyo lawmakers set a maximum waist size. Are you too fat for Japan?

www.pri.org

Obese patients and smokers banned from routine surgery in 'most severe ever' rationing in the NHS

Obese people will be routinely refused operations across the NHS, health service bosses have warned, after one authority said it would limit procedures on an unprecedented scale.

www.telegraph.co.uk

Yeah cost is the problem, but you’re too dumb to know why.

 

[gipper]

Not taxing them isn’t working either. We can’t borrow forever.

While that’s an issue, the much bigger issue is the ultra wealthy buy all sorts of benefits from government. They get what they want and it is almost always at the detriment of the rest of us.

A good example is around 70% of Americans, including many enlightened republicans, want Medicare for All. However, since the ultra wealthy don’t want this, it doesn’t happen.

I'm not wealthy and I don't want it.

Government has been looking to control the people forever. They've been somewhat successful. The only two vestiges stopping them from total control over us are healthcare and energy. Once government controls those two things, they have the ability to to totally control our lives from birth to death.

Lol. Well that does it. You don’t want it so that’s the end of story.

Of course you’ve been duped by the wealthy to think as you do.

Our HC system is a total failure. Time to change it.

Funny! You think that the government does such a good job with everything else that we should turn healthcare over to them also?
Tell me one thing that government has ever done that has been done well and done cost effectively.
I would wait but we all know that the answer is nothing.
Funny that everyone used to point to Canada as a shining example of government healthcare. But now suddenly they are realizing that there are extremely long wait times. Canada is moving towards individual healthcare and some Canadians are coming to the U.S. to have things taken care of.
Now why would we want a government that can not properly do anything to do healthcare? Why would we want to follow in Canada’s footsteps when they are coming over to our way.
if we could just get the government to allow insurances to sell the same policy across all states prices would drop. But when you have to have a different policy for one state but then have a completely different one for a state right next to it the cost has to go up. But yet we allow the government to have a hand in screwing up individual insurance.

Yes that’s the old right wing talking point, and it gets you guys every time.

We have a failing HC system. It’s exponentially more expensive than anywhere else in the world, because the ultra wealthy need more money. It also fails millions of Americans as outcomes are poor. For the first time in our nation’s history, life expectancy is dropping. Millions go bankrupt or don’t receive care because they don’t have insurance or can’t afford the absurdly high costs.

Over 70% of Americans want it. Are we a democracy or not?

My healthcare is just fine, I would hate to be thrown in with the lazy dregs and never be able to get an appointment. Stop rewarding people who are not responsible for themselves libber.

Idiot. Why is it some cons only think of themselves. Are they fucking stupid?

I am responsible for myself and family as is every person. Healthcare is a choice not a right, and anyone who chooses to have it may get it just like I did wacko.

Fool. You are completely clueless. The entire western world offers their citizens HC and does it cheaper and with better outcomes. WTFU.

You may have good HC coverage as I do, but millions of Americans don’t. I care about my country and fellow Americans, unlike you.

Riiiigght.....like the country you all bragged about, Italy...and when the virus hit they nearly wiped out their entire country with their great socialized healthcare. Again, if you and I have good healthcare, then anyone else in the US can have it to. It's their responsibilty and their choice, not mine and not yours, nor is it our job to pay for it. If you truly care for others you would stop handing them freebies and make them work for what they want themselves.

Dumb. I’ve never bragged about Italy. Stop thinking the duopoly is the only thing that exists.

Just bringing up an example of idiotic healthcare for the masses, it won't work. I thought you were smarter.

Dumb. Medicare works well and most Americans love it. Think.

It wouldn't work at all if EVERYONE was on it at once...think.

Yeah no one works in the many nations that have HC. God your dumb.

 

[Oldestyle]

The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.

Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.

If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.

These Dem idiots never learned what Kennedy, Reagan and Trump learned. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did. They will never, ever learn that lesson.

Imbeciles is what they are.

Trickle down economics has never worked, but it does enrich the rich enormously.

Trickle down economics doesn't work...BECAUSE TRICKLE DOWN ECONOMICS DOESN'T EXIST! It's something that was made up by the left to denigrate Supply Side Economics. Whenever someone starts talking about trickle down economics it's a sure sign they don't have a clue about economics in general!

Lol. Trickle down economics is just another name for supply side economics. You must know that right?

No...it's not! If you took Economics you'd know that, Gipper! "Trickle Down Economics" is a pejorative term coined by the left to describe Supply Side Economics in a derogatory fashion.

 

[Oldestyle]

The dems don’t understand economics or even math.
They think that the rich are somehow locked into staying in high tax areas. They think that their money can’t be moved into other countries.
They don’t realize that businesses can leave money overseas Instead of bringing it into the U.S. where it spends just as well there.
They don’t realize that businesses are not going to take a hit to the bottom line, they will just pass that hit onto higher prices for the consumer.

Raise the minimum wage to raise more tax revenue.

Raise minimum wage to increase prices for goods. Then minimum wage purchases the exact same amount of goods or services.
so it ends up as a wash other then it looks good.

No, it doesn't. Some studies show less than five percent increase in prices. Simply beating the rate of inflation means greater purchasing power for Labor and their propensity to consume. The doubling of the minimum wage will not result in a doubling of prices for anything.

So you're going to increase labor costs by 100% but claim that prices will only go up 5%? You're not the brightest bulb on the tree...are you, Daniel?

Due to minimum wage increases. Other wages could raise it more, but the pay increases need merely beat inflation. Who cares if prices go up if we can afford it with the higher wage. And, a fifteen dollar an hour minimum wage also generates several times more in federal income tax revenue.

How does this work, Daniel? The profit margin of your typical brick and mortar store is less than 5%. Their largest expense will typically be payroll which you're now increasing by 100%. So where do you make up the difference?

Prices won't double even if the minimum wage does. The multiplier effect does the rest.

I asked a rather simple question, Daniel...which you've failed to answer. How do you raise labor costs 100% in a business that only has a 5% profit margin and NOT raise the price of goods and services provided by that business?

It is about the minimum wage and minimum wage labor. What percentage of any workforce makes the minimum wage?

Answer the question, Daniel. If you can't...then admit you have no clue what you're talking about...tuck tail and find another string!

You are the one begging the question. You have nothing but Hoax not any understanding of economics.

So your "answer" to a very simple question...is that I have "Hoax"? If you can't answer something that basic, Daniel then it's obvious your minimum wage ideas fall flat on their face.

I took Economics classes at UMass, Amherst College and Boston University. What is your background on the subject?

And apparently, you learned nothing. Why brag?

I'm not bragging. I'm simply pointing out that I understand Economics because it was a subject I studied in college. You on the other hand post gibberish when it comes to economic theory. Which led me to ask what your background is in the subject! One more question which you avoided like it was Kryptonite!

All you do is allege you took economics in college. Where are your valid arguments and thesis?

I don't "allege" that I took Economics in college! I did. Most college undergraduates have. I'm assuming at this point that you never attended college?

 

[gipper]

The Democrat plans to tax the rich are futile and ignorant. They sound good to the uneducated, but they don't work very well. When you raise tax rates or reduce deductions on the rich, their typical response is to divert more of their money into tax shelters where they pay less tax. They can afford tax lawyers and CPAs who find ways to reduce their taxes dramatically and it's all legal.

Donald Trump knows how. For several years at a time, he paid no income tax. I don't know all the shelters he used but I can guess. One would be accelerated depreciation on the buildings and furniture he owns. Another would be Net Loss Carryover. When you have a loss in one year, the IRS Code allows you to deduct that loss on the returns for following years. If the NLC is large enough, it can give you zero tax liability for 5 or 6 years. Even people of moderate income can use tax shelters. I have 2 of them.

If you don't try and target the rich, they will pay a fair share of taxes just like everybody else. If you target them with high tax rates, they run for tax shelters.

These Dem idiots never learned what Kennedy, Reagan and Trump learned. Cutting taxes puts more money into the economy and the Fed coffers than raising them ever did. They will never, ever learn that lesson.

Imbeciles is what they are.

Trickle down economics has never worked, but it does enrich the rich enormously.

Trickle down economics doesn't work...BECAUSE TRICKLE DOWN ECONOMICS DOESN'T EXIST! It's something that was made up by the left to denigrate Supply Side Economics. Whenever someone starts talking about trickle down economics it's a sure sign they don't have a clue about economics in general!

Lol. Trickle down economics is just another name for supply side economics. You must know that right?

No...it's not! If you took Economics you'd know that, Gipper! "Trickle Down Economics" is a pejorative term coined by the left to describe Supply Side Economics in a derogatory fashion.

Well, yes. It’s a pejorative for SUPPLY SIDE ECONOMICS. semantics?