I claim to be a political populist. These portions of posted messages between Edward Baiamonte and myself may (or may not) be of interest to anyone that question my populist political philosophy.
Rwespectfully, Supposn
Refer to:
http://www.usmessageboard.com/econo...-when-unemployment-is-high-3.html#post6905434
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Excerpted from SupposnÂ’s, (response #42):
Within other than a labor shortage market, eliminating the FMW is still an improvement over historic serfdom or slavery but it extremely reduces aggregate job seekers and employees negotiating positions and would be a net detriment to our economy.
Regarding these two alternatives you now bring to the table:
IÂ’ m opposed to your alternative that we monitor the wage rates of every existing and future task to retain a fixed proportion relative to a constant finite legal amount. Aside for its unnecessary complexity, thereÂ’s no manner to enforce the method unless the government was going to enforce wage rates for every single task. An employer could modify any wage by simply modifying the wage earnersÂ’ task descriptions.
Similarly your alternative suggestion that we reduce all prices in half would require complete government price controls.
All three of your proposals would be economically more detrimental to our nation.
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(Edward BaiamonteÂ’s entire response #43):
Quote: Originally Posted by Supposn
All three of your proposals would be economically more detrimental to our nation.
Supposn
too stupid!! Nixon implimented price controls easily. Its make every American a policeman. Who would dare raise prices when they would be instantly reported.
All we do is cut all prices in half and everyone can buy twice as much tomorrow!! Its a beautiful free lunch!! FMW only helps the poor but it is the vast middle class that is suffering too. We could double their purchasing power tomorrow!!
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Excerpted from SupposnÂ’s, (response #44):
Edward Baiamonte, I completely over estimated you.
I assumed you to be a conservative thatÂ’s opposed to the minimum wage because you believe it to be among governmentÂ’s early intrusions upon private enterprise and thus (even if you didnÂ’t believe it was itself detrimental to our nationÂ’s economy, you would still be opposed to the precedence it establishes).
ThatÂ’s a conservative position I as a populist am opposed to but I understand and respect those motives; (i.e. I do not question the patriotism of the conservatives I oppose).
You're apparently satisfied with the concept of government wage and price controls simply because a Republican president enacted it. Â…
Â… IÂ’m an advocate of the federal minim wage rate pegged to the purchasing power of the U.S. dollar. Within all of the years and all of the responses IÂ’ve posted within many political forums, you will not find a single sentence of approval for limiting profits, incomes, wages, or prices. IÂ’m a populist not a socialist.
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