Biden says he'll raise all the money needed by taxing anyone making over $400,000 a year.

[Oldestyle]

Has Daniel ever really answered a question put to him in this string? With something that even vaguely resembled a cogent thought?

Nothing the clueless and Causeless right wing can understand, apparently.

Does anyone understand what you post, Daniel? Do YOU? Most of the time, quite frankly, it's gibberish. You remind me of students I've had that thought if they filled their work with big words and confused prose that it would obscure the fact that they didn't know what they were talking about.

What is obvious is that right wingers are clueless and Causeless about economics and only have red herrings and straw men for their arguments.

Raise the minimum wage until the Poor pay their fair capital share of the tax burden. It should be easy for anyone but right wingers to understand.

Ah, Daniel? What are you referring to when you talk about "fair capital share"? Do you know what the term capital share denotes?

I am not one who only has diversion instead of valid arguments. Answer the question.

According to some studies the minimum wage should be eighteen dollars an hour after accounting for inflation.

So you don't have a clue what the term capital share means...do you? LOL Why do you do that? You're just talking nonsense and it's obvious you don't know what most of the terms you use mean!

yes, i do. nuances dear right winger. capital share and tax burden are not unrelated in the statement. context must mean something. but, then you are a right winger who loves to sacrifice the End to the Means.

Capital share has nothing to do with tax burden. As usual you're talking out of your ass and looking like a complete buffoon in the process! What's your education level? I'm guessing a GED?

 

[Oldestyle]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

 

[Persuader]

Sloe Joe needs help.....

MEDIA=twitter]1282539585579503616[/MEDIA]

 

[Flash]

Democrats think we need more taxes to make America a socialist shithole.

 

[LeftofLeft]

..they already pay MORE than their share
MORE taxes is going to kill the US

The Poor don't pay enough in taxes and need their wages raised.

the poor are stupid and deserve NOTHING

You Are the Problem, right wingers.

.....give them more $$ and they still will be poor because they make poor decisions..you can't fix stupid

How nanny-statist of you. Why do you care as long as they circulate capital under capitalism and pay more in taxes?

In 2008, Biden said the number was $270k and under would not see higher taxes. What he and his running mate did not tell you is that if you are a contractor (eg a plumber) and you gross more than the threshold, you will see an increase in taxes...... before you pay your business overhead. If I’m wrong, show me where he makes a clear delineation.

The plumber simply needs to learn more about tax shelters, like the Richest.

Tax shelters? A plumber grossing $400k needs to pay for capital equipment, business insurance, variable operating and business costs, employee/subcontractor salaries - all BEFORE he takes home a salary. Left wing and liberals know this but they want to stick it to small businesses and independent contractors by demonizing them as “the wealthy”.

 

[healthmyths]

This is who Right Wingers prefer to help out with our tax dollars by keeping wages low and not increasing the minimum wage:

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

Right wingers simply prefer to "hate on the Poor" so they can crony up to the Rich.

Here's a question for you, Daniel...did income inequality increase or decrease during the Obama two terms?

The Income Gap Began To Narrow Under Obama

It would have narrowed more, but the right wing had nothing but Repeal for those shovel ready jobs. Along with trying to repeal healthcare reform.

Vote blue not red!

As for "shovel ready jobs"? Why would you even bring those up, Daniel? One of the more embarrassing moments of the Obama Administration's attempts to revive the economy was how badly their stimulus plan failed to create the hundreds of thousands of shovel ready jobs that they'd promised they'd deliver! Or have you forgotten Barry sheepishly admitting that the shovel ready jobs weren't as shovel ready as they thought?

The right wing had no Thing but repeal for those shovel ready jobs. They don't care about the working class, only the Richest.

Obama: "No Such Thing as Shovel-Ready Projects"
Mr. Obama is acknowledging that, despite his campaign promises, "there's no such thing as shovel-ready projects."
Nevertheless, the president said in the interview that he comes across as "the same old tax-and-spend Democrat."
When the president campaigned for the stimulus package at the start of his presidency, he and others in his administration repeatedly insisted the investments would go to "shovel-ready" projects -- projects that would put people to work right away

Obama: "No Such Thing as Shovel-Ready Projects"

President Obama Tells the New York Times that He Should Have Listened to Republicans More in Implementing the Stimulus

www.cbsnews.com

 

[hadit]

I would suggest reading this. It's by Thomas Sowell. He understands the topic that you so obviously don't, Daniel!

Minimum Wage Madness, by Dr. Thomas Sowell

Political crusades for raising the minimum wage are back again. Advocates of minimum wage laws often give themselves credit for being more "compassionate" towards "the poor.

www.creators.com

The left has a lawful solution for that too. It is termed and styled, equal protection of the laws regarding employment at the will of either person in our at-will employment States, for unemployment compensation. A simple solution to simple poverty. Just another "war" the right wing was clueless and Causeless about how to win.

And there it is, the inevitable list of words that you end up posting every single time. We've been down this road before and I've gotten you to admit this, so let's just cut to the chase. The bottom line is, you want to be paid $15/hour to stay in your mom's basement smoking pot.

 

[Richard-H]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

 

[Nostra]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Raise wages to the point of killing entire industries.

BRILLIANT!

 

[Staidhup]

What Biden and his host of friends fail to comprehend is that you can not tax your way to prosperity.
Regretfully the economic lessons resulting from tax and spend lessons of the past have been ignored.

 

[Oldestyle]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Artificially raising wages is NOT free enterprise, Richard!

 

[Oldestyle]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

I'm appalled that you're OK with letting industries "die" that employ millions of people, Richard! Do you not care about them?

 

[healthmyths]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Raise wages to the point of killing entire industries.

BRILLIANT!

Raise wages for who?
Note the number of people at or below minimum wage is decreasing.

Only 1.71 million out of 81.9 million hourly workers.

So that would then force employers to raise the rest of the non-minimum wage earners to the prevailing rate.
Assume the 80 million hourly are raised to $15.00 from say $10.00 that would cost employers more than $64 billion/month or
nearly $1 trillion/year!

Characteristics of minimum wage workers, 2018 : BLS Reports: U.S. Bureau of Labor Statistics

In 2017, 80.4 million workers age 16 and older in the United States were paid at hourly rates, representing 58.3 percent of all wage and salary workers. Among those paid by the hour, 542,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.3 million had wages...

www.bls.gov

 

[Richard-H]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Raise wages to the point of killing entire industries.

BRILLIANT!

I'm sure that there'd be a whole lot more businesses if slavery was legal.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Do you really think that the entire restaurant industry will go under if they raised wages? Seriously?

They would adapt, like every other industry has.

 

[Richard-H]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Artificially raising wages is NOT free enterprise, Richard!

If left to 'free enterprise' more than half the population would be destitute.

 

[Nostra]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Raise wages to the point of killing entire industries.

BRILLIANT!

I'm sure that there'd be a whole lot more businesses if slavery was legal.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Do you really think that the entire restaurant industry will go under if they raised wages? Seriously?

They would adapt, like every other industry has.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Who appointed you Czar of Decency?

You post claptrap that shows you have no clue how business works.

 

[Richard-H]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

I'm appalled that you're OK with letting industries "die" that employ millions of people, Richard! Do you not care about them?

They would adapt like every other industry that's been forced to increase wages or submit to regulations.

I guess you just don't have any faith in the capitalist system.

 

[Richard-H]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Raise wages to the point of killing entire industries.

BRILLIANT!

I'm sure that there'd be a whole lot more businesses if slavery was legal.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Do you really think that the entire restaurant industry will go under if they raised wages? Seriously?

They would adapt, like every other industry has.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Who appointed you Czar of Decency?

You post claptrap that shows you have no clue how business works.

I'm sure that argument was made by the slavers before the civil war.

 

[lennypartiv]

Biden says he'll raise all the money needed by taxing anyone making over $400,000 a year.

More proof Biden is planning to soak the middle class.

 

[Nostra]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

You are the owner of a restaurant. You have choice. Raise food prices or do this?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
View attachment 379197

Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.

You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?

On top of that a lots of these employees has been there for years so they make more than the MW.

That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.

Basically what you are saying is that the 'Free Enterprise' system can not survive without slave wages.

The same thing was said about union wages and industry regulations, yet the 'free enterprise' system adapted and in many cases became more profitable.

Raise the wages and let the industry adapt and if it can't let it die. That's 'Free Enterprise'!

Raise wages to the point of killing entire industries.

BRILLIANT!

I'm sure that there'd be a whole lot more businesses if slavery was legal.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Do you really think that the entire restaurant industry will go under if they raised wages? Seriously?

They would adapt, like every other industry has.

So yes, if a business can not meet standards of decency and remain viable, it should close.

Who appointed you Czar of Decency?

You post claptrap that shows you have no clue how business works.

I'm sure that argument was made by the slavers before the civil war.

You would know............you are the party of slave owners. Hell, your VP candidate's family owned a few hundred of them.