danielpalos
Diamond Member
- Banned
- #161
You first.Stop fucking up the thread..Full employment is too difficult a concept for the right wing?I'm illustrating your absurdity by being absurd. You're enamored with paying everyone more so they pay more in taxes, I'm just pointing out that it comes at a price, something you won't acknowledge. And guess who would be hit the hardest by the lack of jobs when we double the MW overnight?Your idea not mine; why don't You, take point on it?So let's lay off everyone who earns less than $50/hr. That'll work wonders.Higher paid labor creates more in demand and generates more in tax revenue. A positive multiplier applies.Taxation is just not the Federal Wage Income Tax and the social Security/Medicare Tax. There are many taxes and many hidden ones. they add up. That is part of what make people who earn the minimum salaries tough. Those taxes and fees are embedded in everything we do. Its like a cycle that has to keep pushing the wage up as the taxes increase and the inflation rises. We do not even get the official amount of money in circulation anymore from the government as they are printing it up to keep the system solvent.Inflation should not be a problem with supply side economics. That is why we need to increase the minimum wage so capitalists can automate for their bottom line.So that would be 1000 dollars times 12 time 350 million a year. That equals 4 trillion and 200 billion dollars a year. So all those tax increases that is proposed. What would the lower classes be on the hook for? That may destabilize the economy. The increases in prices of everything may be very high inflation to hyper inflation. I am not an economist though.We don't or should not have have a supply problem with supply side economics; we only have a demand problem, which solving for simple poverty can solve.How can we have unused productive capacity and mass unemployment at the same time?Equal protection of the law for unemployment compensation in our at-will employment States could be accomplished by executive order.
Automatic stabilization of our economy now!
What Is the Output Gap? - Back to Basics - Finance & Development, September 2013
"The output gap is an economic measure of the difference between the actual output of an economy and its potential output.
"Potential output is the maximum amount of goods and services an economy can turn out when it is most efficient—that is, at full capacity.
"Often, potential output is referred to as the production capacity of the economy."
Young, unskilled, uneducated black men, that's who would be hit the hardest. Did you realize that you would be doing that?