Taxing The Rich

[Brain357]

I didn't want increased spending, you did. And you got it with a tax cut no less. Can't get big enough when it goes on that credit card and you get some $$ too right?

Like I said, we got a payroll tax reduction. All the social goodies from the federal government don't come out of that outside of Medicare, Social Security and Disability. They come from income taxes which nearly half of our population doesn't pay into.

And why should they? We will just put it on the credit card, that's what you do right? Military can't get big enough when it goes right to the deficit.

 

[Brain357]

Yes, it was most of the uptick.

10% was a small part of the uptick.

What was the increase over the previous year?

Your source said the minimum wage hikes were 0.4% of the 3.9% total.

Even for a liberal, saying that was "most of the uptick", is especially moronic.

The uptick is how much the increase was larger than the previous years increase. How much was that?

How much was that?

3.9%, 0.4% of which was because of the minimum wage hikes.
A tiny fraction, not most.

How much was the uptick? If the rate of increase is always 3.5% then there is no uptick. How much was the increase in rate over the previous year?

If the rate of increase is always 3.5%

Who said it was always 3.5%? Where?

Again, from your NYT link.......

This analysis shows that growth in average wages has been running about 3.9 percent per year in the Current Population Survey over the past two years

So, 2018 and 2019, 3.9% with the MW hikes, 3.5% without.

And according to my earlier CNN link......

Wages were up 2.9% compared with a year earlier, the best pace since June 2009. Wage growth has been the last major measure to make meaningful progress since the end of the Great Recession.

2017 was higher than every year since June 2009, when it looks like real wages grew by 2.6%.

View attachment 418147

https://www.bls.gov/news.release/archives/realer_07152009.pdf

Sounds like Obama never hit 3.5%.

Another claim refuted, eh?

The year over year gain is not that much, making the gains from MW increases most of that gain.

The year over year gain is not that much,

Much higher than every single year under Obama.

making the gains from MW increases most of that gain.

Liberal math....10% of the gain is "most of the gain". DURR.

Your math seems quite wrong. The rate of increase didn't go up that much year over year.

 

[Brain357]

And you will keep spending and spending since you get a tax cut for it right? Just put it all on the credit card. Those responsible republicans....

Yes, put it on the credit card just like Democrat Presidents do for all their frills not covered in the US Constitution. You hate military spending but don't mind all the leftist spending.

I'm always against running bigger deficits Ray. You on the other hand are cool with it when it's what you want. Then we can't borrow enough. Heck put that spending on the credit card and give a tax cut right?

 

[Brain357]

And you will keep spending and spending since you get a tax cut for it right? Just put it all on the credit card. Those responsible republicans....

Yes, put it on the credit card just like Democrat Presidents do for all their frills not covered in the US Constitution. You hate military spending but don't mind all the leftist spending.

BTW Clinton balanced the budget. That's quite a bit better than I've seen any repubs do.

 

[Toddsterpatriot]

Yes, it was most of the uptick.

10% was a small part of the uptick.

What was the increase over the previous year?

Your source said the minimum wage hikes were 0.4% of the 3.9% total.

Even for a liberal, saying that was "most of the uptick", is especially moronic.

The uptick is how much the increase was larger than the previous years increase. How much was that?

How much was that?

3.9%, 0.4% of which was because of the minimum wage hikes.
A tiny fraction, not most.

How much was the uptick? If the rate of increase is always 3.5% then there is no uptick. How much was the increase in rate over the previous year?

If the rate of increase is always 3.5%

Who said it was always 3.5%? Where?

Again, from your NYT link.......

This analysis shows that growth in average wages has been running about 3.9 percent per year in the Current Population Survey over the past two years

So, 2018 and 2019, 3.9% with the MW hikes, 3.5% without.

And according to my earlier CNN link......

Wages were up 2.9% compared with a year earlier, the best pace since June 2009. Wage growth has been the last major measure to make meaningful progress since the end of the Great Recession.

2017 was higher than every year since June 2009, when it looks like real wages grew by 2.6%.

View attachment 418147

https://www.bls.gov/news.release/archives/realer_07152009.pdf

Sounds like Obama never hit 3.5%.

Another claim refuted, eh?

The year over year gain is not that much, making the gains from MW increases most of that gain.

The year over year gain is not that much,

Much higher than every single year under Obama.

making the gains from MW increases most of that gain.

Liberal math....10% of the gain is "most of the gain". DURR.

Your math seems quite wrong. The rate of increase didn't go up that much year over year.

Without the minimum wage hikes....+3.5%
With the minimum wage hikes....+3.9%

Tell me more about "most of the gain"

 

[Brain357]

Yes, it was most of the uptick.

10% was a small part of the uptick.

What was the increase over the previous year?

Your source said the minimum wage hikes were 0.4% of the 3.9% total.

Even for a liberal, saying that was "most of the uptick", is especially moronic.

The uptick is how much the increase was larger than the previous years increase. How much was that?

How much was that?

3.9%, 0.4% of which was because of the minimum wage hikes.
A tiny fraction, not most.

How much was the uptick? If the rate of increase is always 3.5% then there is no uptick. How much was the increase in rate over the previous year?

If the rate of increase is always 3.5%

Who said it was always 3.5%? Where?

Again, from your NYT link.......

This analysis shows that growth in average wages has been running about 3.9 percent per year in the Current Population Survey over the past two years

So, 2018 and 2019, 3.9% with the MW hikes, 3.5% without.

And according to my earlier CNN link......

Wages were up 2.9% compared with a year earlier, the best pace since June 2009. Wage growth has been the last major measure to make meaningful progress since the end of the Great Recession.

2017 was higher than every year since June 2009, when it looks like real wages grew by 2.6%.

View attachment 418147

https://www.bls.gov/news.release/archives/realer_07152009.pdf

Sounds like Obama never hit 3.5%.

Another claim refuted, eh?

The year over year gain is not that much, making the gains from MW increases most of that gain.

The year over year gain is not that much,

Much higher than every single year under Obama.

making the gains from MW increases most of that gain.

Liberal math....10% of the gain is "most of the gain". DURR.

Your math seems quite wrong. The rate of increase didn't go up that much year over year.

Without the minimum wage hikes....+3.5%
With the minimum wage hikes....+3.9%

Tell me more about "most of the gain"

That is the total increased rate, not the uptick. If the total was 3.9%, how much was the previous year? The difference is how much the rate increased.

 

[Ray From Cleveland]

BTW Clinton balanced the budget. That's quite a bit better than I've seen any repubs do.

Clinton worked mostly with a Republican House who balanced the budget. It was called the Contract with America.

 

[Ray From Cleveland]

I'm always against running bigger deficits Ray. You on the other hand are cool with it when it's what you want. Then we can't borrow enough. Heck put that spending on the credit card and give a tax cut right?

I'm for spending what's outlined in the Constitution. US defense is in there, Planned Parenthood is not.

 

[AzogtheDefiler]

LoL!

You don’t pay taxes. You wouldn’t understand. You are an expert on looting and burning businesses down though. Congratulations!!!

 

[Toddsterpatriot]

That is the total increased rate,

Yes, the annual increase was 3.9%.
Only 0.4% from minimum wage.

Mostly? DURR!

 

[Brain357]

BTW Clinton balanced the budget. That's quite a bit better than I've seen any repubs do.

Clinton worked mostly with a Republican House who balanced the budget. It was called the Contract with America.

Trump had a full republican government for 2 years and increased deficits.

 

[Brain357]

I'm always against running bigger deficits Ray. You on the other hand are cool with it when it's what you want. Then we can't borrow enough. Heck put that spending on the credit card and give a tax cut right?

I'm for spending what's outlined in the Constitution. US defense is in there, Planned Parenthood is not.

Yes you are for lots of spending and you aren't gonna pay for it either. Just add it to the debt. So responsible of you.

 

[Brain357]

That is the total increased rate,

Yes, the annual increase was 3.9%.
Only 0.4% from minimum wage.

Mostly? DURR!

You keep dodging the question. The previous year was not 0%. How much was the annual increase for the previous year?

 

[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.

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.

Here's a question I don't see being asked and answered.

WHY SHOULD WAGES FOR THE SAME JOB DOING THE SAME THING INCREASE? Think it over carefully. If the job doesn't drive higher revenue for the company, why should its wage increase?

 

[Toddsterpatriot]

That is the total increased rate,

Yes, the annual increase was 3.9%.
Only 0.4% from minimum wage.

Mostly? DURR!

You keep dodging the question. The previous year was not 0%. How much was the annual increase for the previous year?

Well, I guess if it will help your case, you can post Obama's numbers from 2016 and before........

The previous year was not 0%. How much was the annual increase for the previous year?

If 2018 was 3.9% and 2019 was 3.9%....that was the increase for both years.

 

[gipper]

Wrong headed thinking, but commonly held by dumb Americans. There is no need for a “world policeman.” Secondly, the US government isn’t policing shit. It’s killing, destroying, and stealing to benefit the ultra wealthy.

Our military is strong enough to protect our allies which is why they don't get attacked. Let our military go to hell and we won't even be able to protect ourselves.

Our military isn’t protecting shit. They are occupying and attacking nations. Killing numerous innocent people.

While millions of Americans live in or near poverty, you think our corrupt government should spend trillions on war. I don’t.

 

[Oldestyle]

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.

God, you're an idiot! Wages were stagnant for most of the Obama eight years.

And didn't improve much till a bunch of states increased minimum wage.

Oh, bullshit! Minimum wage hikes doesn't really make entry level workers more money because it makes jobs go away! So yeah, one person makes a little more money...most of which will simply be eaten up by the inflation that will accompany...but another person gets laid off and yet another never gets hired! Anyone who touts a big increase in the Minimum Wage as something that will help lower income workers is blowing smoke up your skirt! How can that "help" people when it costs them a 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.

Here's a question I don't see being asked and answered.

WHY SHOULD WAGES FOR THE SAME JOB DOING THE SAME THING INCREASE? Think it over carefully. If the job doesn't drive higher revenue for the company, why should its wage increase?

When the unemployment rate is very low the demand for labor should increase and wages should increase. Our market is broken and that doesn't happen.

 

[Brain357]

That is the total increased rate,

Yes, the annual increase was 3.9%.
Only 0.4% from minimum wage.

Mostly? DURR!

You keep dodging the question. The previous year was not 0%. How much was the annual increase for the previous year?

Well, I guess if it will help your case, you can post Obama's numbers from 2016 and before........

The previous year was not 0%. How much was the annual increase for the previous year?

If 2018 was 3.9% and 2019 was 3.9%....that was the increase for both years.

Most the min wage increases started hitting in 2019. Looks like trump would have dropped .4% without all the MW increases. 2019 was the year all the trump policy was in full effect. Not so effective it seems.

 

[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.

Continuing trends from the Obama administration.

God, you're an idiot! Wages were stagnant for most of the Obama eight years.

And didn't improve much till a bunch of states increased minimum wage.

Oh, bullshit! Minimum wage hikes doesn't really make entry level workers more money because it makes jobs go away! So yeah, one person makes a little more money...most of which will simply be eaten up by the inflation that will accompany...but another person gets laid off and yet another never gets hired! Anyone who touts a big increase in the Minimum Wage as something that will help lower income workers is blowing smoke up your skirt! How can that "help" people when it costs them a job?

Sorry to break it to you, but the small increase we had in wages was mostly from MW increases. It shouldn't have been, but our market is broken. With really low unemployment wages barely moved.