Taxing The Rich

[Wyatt earp]

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.

So your saying is nothing happens with a higher minimum wage

 

[Brain357]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

 

[Wyatt earp]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

 

[Brain357]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

 

[Wyatt earp]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

 

[Brain357]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

I thought trump was doing that? Wages didn't go up.

 

[Wyatt earp]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

I thought trump was doing that? Wages didn't go up.

So you saying the only skills you have is no cheese burger for you?

 

[Brain357]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

I thought trump was doing that? Wages didn't go up.

So you saying the only skills you have is no cheese burger for you?

No I'm stating facts. You don't seem to understand facts.

 

[Wyatt earp]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

I thought trump was doing that? Wages didn't go up.

So you saying the only skills you have is no cheese burger for you?

No I'm stating facts. You don't seem to understand facts.

What facts ? My wages go up when I give a damn, your wages seem the same how much you try.

 

[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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

I thought trump was doing that? Wages didn't go up.

Wages did go up before the pandemic under Trump. He created jobs. When you have more jobs than qualified workers then competition for those workers will drive wage increases. This really shouldn't be as complicated as it seems to be for you on the left, Brain!

 

[Toddsterpatriot]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

But you keep losing. Read the links I’ve already posted, try to catch up.

Asking for your proof and you not providing proof......not a loss for me.

Read the links I've already posted. Try to keep up.

Wage growth in states with minimum wage increases. From 2017 to 2018, wages of the lowest-wage workers grew more in states that increased their minimum wage in 2018.

• On average, in the 29 states without minimum wage increases in 2018, the 10th-percentile wage rose 1.6 percent; in states with minimum wage increases in 2018 (including the District of Columbia), the average 10th-percentile wage rose by 2.1 percent.

State of Working America Wages 2018: Wage inequality marches on—and is even threatening data reliability

Analysis of 2018 wage data shows not only rising inequality in general, but also the persistence, and in some cases worsening, of wage gaps by gender and race. What also stands out in this last year of data is that, while wages are growing for most workers, wage growth continues to be slower...

www.epi.org

.

2.1% at the 10th-percentile, versus 2.9% overall.

Are you sure that proves your claim, "So yes our small wage gains are mostly thanks to min wage increases"?

 

[Ray From Cleveland]

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Wages don't increase because of minimum wage. Wages increase due to competition of employers trying to secure good employees.

MW increases took place under DumBama and Trump. But notice when wages really took off.

 

[basquebromance]

this is why i support republicans and not democrats...BECAUSE I'M RICH

 

[Flash]

That piece of shit Biden is talking now about taking our tax money to pay off $10K in student debt.

The fucking asshole. Why should I be responsible for your debt?

 

[Brain357]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

But you keep losing. Read the links I’ve already posted, try to catch up.

Asking for your proof and you not providing proof......not a loss for me.

Read the links I've already posted. Try to keep up.

Wage growth in states with minimum wage increases. From 2017 to 2018, wages of the lowest-wage workers grew more in states that increased their minimum wage in 2018.

• On average, in the 29 states without minimum wage increases in 2018, the 10th-percentile wage rose 1.6 percent; in states with minimum wage increases in 2018 (including the District of Columbia), the average 10th-percentile wage rose by 2.1 percent.

State of Working America Wages 2018: Wage inequality marches on—and is even threatening data reliability

Analysis of 2018 wage data shows not only rising inequality in general, but also the persistence, and in some cases worsening, of wage gaps by gender and race. What also stands out in this last year of data is that, while wages are growing for most workers, wage growth continues to be slower...

www.epi.org

.

2.1% at the 10th-percentile, versus 2.9% overall.

Are you sure that proves your claim, "So yes our small wage gains are mostly thanks to min wage increases"?

Yes. The reason it was slightly better than really bad.

 

[Brain357]

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Wages don't increase because of minimum wage. Wages increase due to competition of employers trying to secure good employees.

View attachment 417799

MW increases took place under DumBama and Trump. But notice when wages really took off.

Looks like they are still less than they were before the recession. What a success. Looks like a pretty steady climb btw.

 

[Brain357]

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.

So your saying is nothing happens with a higher minimum wage

We don't get much of any kind of wage increases with all these near monopolies and collusion.

It's called quitting and get a new job

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Get rid of the illegals and your wages will go through the roof..

Supply and demand

I thought trump was doing that? Wages didn't go up.

Wages did go up before the pandemic under Trump. He created jobs. When you have more jobs than qualified workers then competition for those workers will drive wage increases. This really shouldn't be as complicated as it seems to be for you on the left, Brain!

Up at a really weak rate. It should have been a strong rate with really low unemployment. What don’t you get?

 

[danielpalos]

yeah that works in a good job market. Our market is broken. We had really low unemployment and wages barely ticked up and most of that was from min wage increases.

Wages don't increase because of minimum wage. Wages increase due to competition of employers trying to secure good employees.

View attachment 417799

MW increases took place under DumBama and Trump. But notice when wages really took off.

Looks like they are still less than they were before the recession. What a success. Looks like a pretty steady climb btw.

Continuing trends from the Obama administration.

 

[Ray From Cleveland]

Looks like they are still less than they were before the recession. What a success. Looks like a pretty steady climb btw.

Maybe you need glasses. There was a steady incline until 2018 where it really shot up.

 

[Toddsterpatriot]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

But you keep losing. Read the links I’ve already posted, try to catch up.

Asking for your proof and you not providing proof......not a loss for me.

Read the links I've already posted. Try to keep up.

Wage growth in states with minimum wage increases. From 2017 to 2018, wages of the lowest-wage workers grew more in states that increased their minimum wage in 2018.

• On average, in the 29 states without minimum wage increases in 2018, the 10th-percentile wage rose 1.6 percent; in states with minimum wage increases in 2018 (including the District of Columbia), the average 10th-percentile wage rose by 2.1 percent.

State of Working America Wages 2018: Wage inequality marches on—and is even threatening data reliability

Analysis of 2018 wage data shows not only rising inequality in general, but also the persistence, and in some cases worsening, of wage gaps by gender and race. What also stands out in this last year of data is that, while wages are growing for most workers, wage growth continues to be slower...

www.epi.org

.

2.1% at the 10th-percentile, versus 2.9% overall.

Are you sure that proves your claim, "So yes our small wage gains are mostly thanks to min wage increases"?

Yes. The reason it was slightly better than really bad.

Yes, your "mostly" claim was wrong.