The Forgotten Jobless and Our Future Homeless Unemployed are you next

[hvactec]

8/07/2011 [ame=http://www.youtube.com/watch?v=0qcCXThriRg]‪The Forgotten Jobless and Our Future Homeless Unemployed are you next‬‏ - YouTube[/ame]

 

[waltky]

It's an employer's market...

Unemployed face tough competition: underemployed
4 Sept.`11 WASHINGTON – The job market is even worse than the 9.1 percent unemployment rate suggests.

America's 14 million unemployed aren't competing just with each other. They must also contend with 8.8 million other people not counted as unemployed — part-timers who want full-time work. When consumer demand picks up, companies will likely boost the hours of their part-timers before they add jobs, economists say. It means they have room to expand without hiring. And the unemployed will face another source of competition once the economy improves: Roughly 2.6 million people who aren't counted as unemployed because they've stopped looking for work. Once they start looking again, they'll be classified as unemployed. And the unemployment rate could rise.

Intensified competition for jobs means unemployment could exceed its historic norm of 5 percent to 6 percent for several more years. The nonpartisan Congressional Budget Office expects the rate to exceed 8 percent until 2014. The White House predicts it will average 9 percent next year, when President Barack Obama runs for re-election. The jobs crisis has led Obama to schedule a major speech Thursday night to propose steps to stimulate hiring. Republican presidential candidates will likely confront the issue in a debate the night before. The back-to-back events will come days after the government said employers added zero net jobs in August. The monthly jobs report, arriving three days before Labor Day, was the weakest since September 2010.

Combined, the 14 million officially unemployed; the part-timers who want full-time work; and people who have stopped looking make up 16.2 percent of working-age Americans. Collectively, they're the "underemployed." The Labor Department compiles the figure to assess how many people want full-time work and can't find it — a number the unemployment rate alone doesn't capture. In a healthy economy, the underemployment rate stays below 10 percent. Since the Great Recession officially ended more than two years ago, the rate has been 15 percent or more. The proportion of the work force made up of the frustrated part-timers has risen faster than unemployment has since the recession began in December 2007.

That's because many companies slashed workers' hours after the recession hit. If they restored all those lost hours to their existing staff, they'd add enough hours to equal about 950,000 full-time jobs, according to calculations by Heidi Shierholz, an economist at the Economic Policy Institute. That's without having to hire a single employee.

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[rdean]

This is what Republican Policies have brought to this country. As they work to block the president and the Democrats, it will only get worse. They admit they see corporations as "people". You know that one fat white guy who talked about "water skiing" is a Republican. Yea, his fat doughy self water skiiing? Sure.

This is the real tragedy. If the right wingers on this board are any indication, they say, "helping these people is socialism". Besides, they're all drug addicts.

 

[rdean]

USMB right wingers tend to stay away from these threads. When they do drop by, it's to leave behind some "insult", or they say, "We give more charity than anyone else".

 

[MikeK]

The right-wing is successfully reverting America to the Gilded Age -- the era of Robber Barons. The engine of the movement is greed and the fuel is the stupidity of those voters who are blind to what is happening and refuse to drive the clearly corrupt from the Congress.

The only thing that can be done to change the direction America is moving in is exactly what FDR did, which is to substantially raise taxes on the wealthy and commence federal work programs such as the repair and renovation of our infrastructure, including the highways and the electrical grid. This will employ millions and give rise to many new industries.

But there are millions of brainwashed right-wing water-carriers for the rich, most of whom don't have a pot to piss in, who will express outrage at the idea.

Watch.

 

[Avorysuds]

The right-wing is successfully reverting America to the Gilded Age -- the era of Robber Barons. The engine of the movement is greed and the fuel is the stupidity of those voters who are blind to what is happening and refuse to drive the clearly corrupt from the Congress.

The only thing that can be done to change the direction America is moving in is exactly what FDR did, which is to substantially raise taxes on the wealthy and commence federal work programs such as the repair and renovation of our infrastructure, including the highways and the electrical grid. This will employ millions and give rise to many new industries.

But there are millions of brainwashed right-wing water-carriers for the rich, most of whom don't have a pot to piss in, who will express outrage at the idea.

Watch.

I loled so hard hahahaha... Right down to where you said we need to do things like FDR... Raise taxes huh, why, what will that do and try and be specific? Give the Government more revenue so they borrow 100billion less out of the 1.6 Trillion they already have to borrow a year? What does MORE taxes actually do?

Maybe you really want to relive the Great Depression lol. Inflation, control everything you can and fail… mass unemployment for long periods of time and people starving in the streets… Yes, FDR again please LOL.

 

[MikeK]

I loled so hard hahahaha... Right down to where you said we need to do things like FDR... Raise taxes huh, why, what will that do and try and be specific? Give the Government more revenue so they borrow 100billion less out of the 1.6 Trillion they already have to borrow a year? What does MORE taxes actually do?

Maybe you really want to relive the Great Depression lol. Inflation, control everything you can and fail… mass unemployment for long periods of time and people starving in the streets… Yes, FDR again please LOL.

(Excerpt)

This was hardly news, but Roosevelt used it to justify a series of dramatic soak-the-rich measures. Some, like the Revenue Act of 1935, were designed simply to raise statutory rates. Others, like the Revenue Act of 1937, tried to close egregious loopholes. And one, the Revenue Act of 1936, imposed a new tax on undistributed corporate profits, which supporters believed would curb tax avoidance among wealthy shareholders.

As a group, the New Deal revenue acts of the mid-1930s substantially boosted the tax burden on rich Americans. According to Brownlee, the income tax changes alone raised the effective rate on the top 1 percent from 6.8 percent in 1932 to 15.7 percent in 1937.

Tax History Project: Readings -- New Deal Taxes: Four Things Everyone Should Know

(Close)

The depression began in 1929. FDR took Office in 1933. Look at the tax rates during that period. Also pay attention to the fact that the tax rates were highest during the periods of our greatest prosperity and lowest right before The Great Depression.

 

[MikeK]

I loled so hard hahahaha... Right down to where you said we need to do things like FDR... Raise taxes huh, why, what will that do and try and be specific? Give the Government more revenue so they borrow 100billion less out of the 1.6 Trillion they already have to borrow a year? What does MORE taxes actually do?

[...]

Here's something else you should know (from the LA Times):

(Excerpt)

The big deficit facing the U.S. is mostly Republican in origin, the Congressional Budget Office says. The Bush tax cuts alone have added $3 trillion in red ink, yet the party wants to double down on its failed policy..

U.S. budget deficit: Borrowing and spending the GOP way - Los Angeles Times

(Close)

So ending the Bush tax cuts on the rich is worth $3.3 trillion. I think you'll agree that's nothing to ignore.

 

[sparky]

I think you'll agree that's nothing to ignore.

like you said Mike......watch!
~S~

 

[Jroc]

I loled so hard hahahaha... Right down to where you said we need to do things like FDR... Raise taxes huh, why, what will that do and try and be specific? Give the Government more revenue so they borrow 100billion less out of the 1.6 Trillion they already have to borrow a year? What does MORE taxes actually do?

[...]

Here's something else you should know (from the LA Times):

(Excerpt)

The big deficit facing the U.S. is mostly Republican in origin, the Congressional Budget Office says. The Bush tax cuts alone have added $3 trillion in red ink, yet the party wants to double down on its failed policy..

U.S. budget deficit: Borrowing and spending the GOP way - Los Angeles Times

(Close)

So ending the Bush tax cuts on the rich is worth $3.3 trillion. I think you'll agree that's nothing to ignore.

Your an idiot.. Tax cuts don't add to the debt. At worst they break even. Over spending is what adds to the debt

 

[rdean]

I loled so hard hahahaha... Right down to where you said we need to do things like FDR... Raise taxes huh, why, what will that do and try and be specific? Give the Government more revenue so they borrow 100billion less out of the 1.6 Trillion they already have to borrow a year? What does MORE taxes actually do?

[...]

Here's something else you should know (from the LA Times):

(Excerpt)

The big deficit facing the U.S. is mostly Republican in origin, the Congressional Budget Office says. The Bush tax cuts alone have added $3 trillion in red ink, yet the party wants to double down on its failed policy..

U.S. budget deficit: Borrowing and spending the GOP way - Los Angeles Times

(Close)

So ending the Bush tax cuts on the rich is worth $3.3 trillion. I think you'll agree that's nothing to ignore.

Your an idiot.. Tax cuts don't add to the debt. At worst they break even. Over spending is what adds to the debt

You mean like two failed wars and a "drugs for votes bill"?

Besides, some states are now paving their roads with "gravel". It's cheaper. Forces you to drive at a reasonable speed.

Democrats call that "insane". Republicans call it "common sense".

 

[Flopper]

If they restored all those lost hours to their existing staff, they'd add enough hours to equal about 950,000 full-time jobs, according to calculations by Heidi Shierholz, an economist at the Economic Policy Institute.

Corporate American was scared shitless by the financial crisis and they started cutting jobs. They cut and they cut and they cut. The more they cut the higher the profits. Workloads increased but they still didn't hire. Why should they? Profits are in the trillions and rising. With high employment, whose going quit?

 

[AVG-JOE]

The right-wing is successfully reverting America to the Gilded Age -- the era of Robber Barons. The engine of the movement is greed and the fuel is the stupidity of those voters who are blind to what is happening and refuse to drive the clearly corrupt from the Congress.

The only thing that can be done to change the direction America is moving in is exactly what FDR did, which is to substantially raise taxes on the wealthy and commence federal work programs such as the repair and renovation of our infrastructure, including the highways and the electrical grid. This will employ millions and give rise to many new industries.

But there are millions of brainwashed right-wing water-carriers for the rich, most of whom don't have a pot to piss in, who will express outrage at the idea.

Watch.

You are correct in that it must start with taxes. Taxes that are fair in their simplicity. But don't look to congress to easily give up the power to tax us differently from each other - it makes you a popular guy at parties if you can promise someone a 'special tax break' for some noble sounding cause.

 

[editec]

In the immediate term we will not solve this problem with TAX INCREASES on the wealthy.

Neither will TAX CUTS on the weathy help the sitution.

Tax cuts on the weathy have fueled the massive national debt, but the national debt was NOT the cause of this depression.

 

[AVG-JOE]

In the immediate term we will not solve this problem with TAX INCREASES on the wealthy.

Neither will TAX CUTS on the weathy help the sitution.

Tax cuts on the weathy have fueled the massive national debt, but the national debt was NOT the cause of this depression.

So what's your answer, editec? In spite of the short-term economic shock that would ensue, I think the starting point should be burning the current tax code in an environmentally friendly way and starting over in the revenue department with simplification as the main mantra.

I believe in all my heart that the day business wakes up KNOWING what their tax burden will be for the next 10 years is the day that they start expanding and adding to their payrolls. The next step of course is to figure out a way for the market to decide which ideas survive or die instead of the banksters.

The best way to keep the majority of the market place free to make their own decisions is to stop taxing recognized legal entities differently from each other.

 

[editec]

In the immediate term we will not solve this problem with TAX INCREASES on the wealthy.

Neither will TAX CUTS on the weathy help the sitution.

Tax cuts on the weathy have fueled the massive national debt, but the national debt was NOT the cause of this depression.

So what's your answer, editec?

Crafting trade and tax policies that insure that industry invests in AMERICA, rather than in other nations.

In spite of the short-term economic shock that would ensue, I think the starting point should be burning the current tax code in an environmentally friendly way and starting over in the revenue department with simplification as the main mantra.

Contrary to what many of you think is an easy solution tax laws are complex because BUSINESSES are complex.

I believe in all my heart that the day business wakes up KNOWING what their tax burden will be for the next 10 years is the day that they start expanding and adding to their payrolls. The next step of course is to figure out a way for the market to decide which ideas survive or die instead of the banksters.

Now how could they KNOW what their tax burdens will be ten years out?

They'd have to know what their profit and losses would be ten years out, too.

The best way to keep the majority of the market place free to make their own decisions is to stop taxing recognized legal entities differently from each other.

Not sure what the above means.

ARe you talking about how we tax different kinds of revenue streams differently?

For example, the different tax rates on capital gains versus tax rates on income from sales or labor?

THAT might make sense, I suppose, but I'd need to see the policy in detail to know.

 

[Jroc]

In the immediate term we will not solve this problem with TAX INCREASES on the wealthy.

Neither will TAX CUTS on the weathy help the sitution.

Tax cuts on the weathy have fueled the massive national debt, but the national debt was NOT the cause of this depression.

Why do you people insist on saying "Tax cuts on the wealthy" have fueled the debt? That’s totally bullshit. Letting people keep money they earn does not increase the debt. It's spending that does that. I do give more credit to people that say the wars contribute to it which is true but letting people keep a little more of THIER money, I think not. Spending get it through your head

 

[editec]

In the immediate term we will not solve this problem with TAX INCREASES on the wealthy.

Neither will TAX CUTS on the weathy help the sitution.

Tax cuts on the weathy have fueled the massive national debt, but the national debt was NOT the cause of this depression.

Why do you people insist on saying "Tax cuts on the wealthy" have fueled the debt? That’s totally bullshit.

That actually a very good question, Jroc.

Let me see if I can explain why it is framed that way.

The most recent large round of tax cuts for the verywealthy were done long AFTER the government was already obligated to the stream of payments that is causing the deficeit.

So it wasn't like we couldn't PREDICT what that would do to the debt loan.

We KNEW (well those of us who aren't magical-accounting believers knew, at least) that massive tax cuts to the wealthy were NOT going to be offset by increased economic activity that would bring in additionakl tax revenues.

We KNEW that before we did it, but some our leaders (and their masters) WANT the USA to be in massive debt.

Now who would want that?

1. Wall Street BankSters who are in the business of servicing the GOVERNMENT DEBT business; and

2. Social thinkers who want to FORCE government to shrink by putting them in the position of HAVING TO SHRINK.



So anyway, that is why this issue is framed that way it is by me.

Because we were already obligated to the spending and we KNEW that the government's lost taxes weren't going to be offset by additional economic activity.

 

[Jroc]

In the immediate term we will not solve this problem with TAX INCREASES on the wealthy.

Neither will TAX CUTS on the weathy help the sitution.

Tax cuts on the weathy have fueled the massive national debt, but the national debt was NOT the cause of this depression.

Why do you people insist on saying "Tax cuts on the wealthy" have fueled the debt? That’s totally bullshit.

That actually a very good question, Jroc.

Let me see if I can explain why it is framed that way.

The most recent large round of tax cuts for the verywealthy were done long AFTER the government was already obligated to the stream of payments that is causing the deficeit.

So it wasn't like we couldn't PREDICT what that would do to the debt loan.
We KNEW (well those of us who aren't magical-accounting believers knew, at least) that massive tax cuts to the wealthy were NOT going to be offset by increased economic activity that would bring in additionakl tax revenues.

We KNEW that before we did it, but some our leaders (and their masters) WANT the USA to be in massive debt.

Now who would want that?

1. Wall Street BankSters who are in the business of servicing the GOVERNMENT DEBT business; and

2. Social thinkers who want to FORCE government to shrink by putting them in the position of HAVING TO SHRINK.



So anyway, that is why this issue is framed that way it is by me.

Because we were already obligated to the spending and we KNEW that the government's lost taxes weren't going to be offset by additional economic activity.

That's wrong actually.. Everyone that payes taxes got a tax cut, also history shows us that tax cuts do not decrease revenue at worst we come out even. As I said It's spending that causes debt.

 

[Avorysuds]

I loled so hard hahahaha... Right down to where you said we need to do things like FDR... Raise taxes huh, why, what will that do and try and be specific? Give the Government more revenue so they borrow 100billion less out of the 1.6 Trillion they already have to borrow a year? What does MORE taxes actually do?

Maybe you really want to relive the Great Depression lol. Inflation, control everything you can and fail… mass unemployment for long periods of time and people starving in the streets… Yes, FDR again please LOL.

(Excerpt)

This was hardly news, but Roosevelt used it to justify a series of dramatic soak-the-rich measures. Some, like the Revenue Act of 1935, were designed simply to raise statutory rates. Others, like the Revenue Act of 1937, tried to close egregious loopholes. And one, the Revenue Act of 1936, imposed a new tax on undistributed corporate profits, which supporters believed would curb tax avoidance among wealthy shareholders.

As a group, the New Deal revenue acts of the mid-1930s substantially boosted the tax burden on rich Americans. According to Brownlee, the income tax changes alone raised the effective rate on the top 1 percent from 6.8 percent in 1932 to 15.7 percent in 1937.

Tax History Project: Readings -- New Deal Taxes: Four Things Everyone Should Know

(Close)

I don’t want to play the game anymore... You're acting like TM, go away.

Next you will be like "HAHahH Aha Ha Ah AHAHAHHAHAHAH ! HA! Best prosperity at 95% tax rates!!!!!!!!!!!!!!"

DEDUCTIONS FOOL~ And the Great Depression lasted all 3 of FDR’s terms… Much of the New Deal was repealed… NO ONE PAID 90% TAXES….

I could make taxes 100%, then add in deductions and literally have the lowest tax rates of 0%.