The flaw of capitalism is Income inequality

[Wyatt earp]

Wrong. inflation is a change in the value of money. That's like saying weather causes it to rain.

Inflation is an increase in the supply of money. When the government creates dollars out of nothing, then there are more dollars in circulation and each one is worth less. The price of money is where the supply curve and the demand curve intersect.

That's basic economics. That's why you believe all the nonsense you post in this forum: you don't understand the first thing about economics.

You're such an idiot. Of course inflation is change in value of money. That's why it dictates how much a wage is worth. Are you this dumb?

I think someone needs to go back to school. If you can't even form a proper sentence, it's no wonder you have problems finding a job paying more than the minimum wage. Inflation does not dictate how much wages are worth, whatever that even means.

But all right, real wages have been stagnant for some time, therefore is it time to:

1. Go back to smaller government and taxation and to a time wages grew more rapidly, aka. Capitalism?
2: Increase taxation and size of the government even more aka. Socialism?

Glad we both agree...

Obviously we don't because as usual you are wrong. The tax rate on the wealthy in the 50s was 90% yet we had great economic growth. Why? Because the wealthy were forced to invest more to make money. Nowadays they don't have to invest as much because they just keep the ridiculous amount of money they save through a low EFFECTIVE tax rate.

You do know moron the study of micro economics you also have to put history in fucking context

Again for the 100,000,000,000,000,000 time the nations of Europe and Asia were in ruins we were the only manufacturing nation on the block. We were an exporter nation till we finally started running a trade deficit mid 1980s.

Lol if Europe was in ruins I guess we didn't have to rely much on trade now did we? We were self sufficient.

You moron you don't even know what you are saying. The godamn middle class flourished because of that, a monkey could start a business in his garage back then, grow and sell to Europe and Asia and make millions.

Mind full of the way back then we didn't have the EPA or any of the regulations we have today.

Hell due to tax loop holes no one paid their tax rates.

Quit trying to drag us back to your fantasy land of the 50s.

 

[Billy000]

You're such an idiot. Of course inflation is change in value of money. That's why it dictates how much a wage is worth. Are you this dumb?

I think someone needs to go back to school. If you can't even form a proper sentence, it's no wonder you have problems finding a job paying more than the minimum wage. Inflation does not dictate how much wages are worth, whatever that even means.

But all right, real wages have been stagnant for some time, therefore is it time to:

1. Go back to smaller government and taxation and to a time wages grew more rapidly, aka. Capitalism?
2: Increase taxation and size of the government even more aka. Socialism?

Glad we both agree...

Obviously we don't because as usual you are wrong. The tax rate on the wealthy in the 50s was 90% yet we had great economic growth. Why? Because the wealthy were forced to invest more to make money. Nowadays they don't have to invest as much because they just keep the ridiculous amount of money they save through a low EFFECTIVE tax rate.

You do know moron the study of micro economics you also have to put history in fucking context

Again for the 100,000,000,000,000,000 time the nations of Europe and Asia were in ruins we were the only manufacturing nation on the block. We were an exporter nation till we finally started running a trade deficit mid 1980s.

Lol if Europe was in ruins I guess we didn't have to rely much on trade now did we? We were self sufficient.

You moron you don't even know what you are saying. The godamn middle class flourished because of that, a monkey could start a business in his garage back then, grow and sell to Europe and Asia and make millions.

Mind full of the way back then we didn't have the EPA or any of the regulations we have today.

Hell due to tax loop holes no one paid their tax rates.

Quit trying to drag us back to your fantasy land of the 50s.

Oh Christ stop. You're just making shit up as you go along. You don't actually know anything about the tax code in the 50s.

 

[Toddsterpatriot]

I think someone needs to go back to school. If you can't even form a proper sentence, it's no wonder you have problems finding a job paying more than the minimum wage. Inflation does not dictate how much wages are worth, whatever that even means.

But all right, real wages have been stagnant for some time, therefore is it time to:

1. Go back to smaller government and taxation and to a time wages grew more rapidly, aka. Capitalism?
2: Increase taxation and size of the government even more aka. Socialism?

Glad we both agree...

Obviously we don't because as usual you are wrong. The tax rate on the wealthy in the 50s was 90% yet we had great economic growth. Why? Because the wealthy were forced to invest more to make money. Nowadays they don't have to invest as much because they just keep the ridiculous amount of money they save through a low EFFECTIVE tax rate.

You do know moron the study of micro economics you also have to put history in fucking context

Again for the 100,000,000,000,000,000 time the nations of Europe and Asia were in ruins we were the only manufacturing nation on the block. We were an exporter nation till we finally started running a trade deficit mid 1980s.

Lol if Europe was in ruins I guess we didn't have to rely much on trade now did we? We were self sufficient.

You moron you don't even know what you are saying. The godamn middle class flourished because of that, a monkey could start a business in his garage back then, grow and sell to Europe and Asia and make millions.

Mind full of the way back then we didn't have the EPA or any of the regulations we have today.

Hell due to tax loop holes no one paid their tax rates.

Quit trying to drag us back to your fantasy land of the 50s.

Oh Christ stop. You're just making shit up as you go along. You don't actually know anything about the tax code in the 50s.

Forget the tax code, tell us about the Marshall Plan.

 

[Wyatt earp]

I think someone needs to go back to school. If you can't even form a proper sentence, it's no wonder you have problems finding a job paying more than the minimum wage. Inflation does not dictate how much wages are worth, whatever that even means.

But all right, real wages have been stagnant for some time, therefore is it time to:

1. Go back to smaller government and taxation and to a time wages grew more rapidly, aka. Capitalism?
2: Increase taxation and size of the government even more aka. Socialism?

Glad we both agree...

Obviously we don't because as usual you are wrong. The tax rate on the wealthy in the 50s was 90% yet we had great economic growth. Why? Because the wealthy were forced to invest more to make money. Nowadays they don't have to invest as much because they just keep the ridiculous amount of money they save through a low EFFECTIVE tax rate.

You do know moron the study of micro economics you also have to put history in fucking context

Again for the 100,000,000,000,000,000 time the nations of Europe and Asia were in ruins we were the only manufacturing nation on the block. We were an exporter nation till we finally started running a trade deficit mid 1980s.

Lol if Europe was in ruins I guess we didn't have to rely much on trade now did we? We were self sufficient.

You moron you don't even know what you are saying. The godamn middle class flourished because of that, a monkey could start a business in his garage back then, grow and sell to Europe and Asia and make millions.

Mind full of the way back then we didn't have the EPA or any of the regulations we have today.

Hell due to tax loop holes no one paid their tax rates.

Quit trying to drag us back to your fantasy land of the 50s.

Oh Christ stop. You're just making shit up as you go along. You don't actually know anything about the tax code in the 50s.

uhm yes I do jerk off after reading and arguing with you idiots the past 20 Years on the internet on the same fucking topic.

First the chat rooms then the forums.

I learn fuck head you keep repeating the same bullshit

"Bit but but the tax rate was much higher in the 50s and the U.S. did fine"

 

[sjay]

Conservatives answer this question: wages in the lower classes have remained stagnant for DECADES. What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low? 18 million people make less than 10.10 per hour. How many more do you think make less than 15? How many of them have kids?Corporate profits are already at an an all time high.

The ONLY way to boost wages for the poor is by raising the minimum wage. History has shown this to be true. More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding. Eventually, the top heavy economy will cause a collapse from a lack of sufficient consumer spending.

Do I want to end the private market? Of course not. I just understand the need for government intervention and regulation.

wages in the lower classes have remained stagnant for DECADES.

We've been importing millions of low-skilled illegal aliens who compete with low-skilled Americans for low paying jobs.

What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low?

Boot 10 million illegals, businesses will be forced to pay more.

The ONLY way to boost wages for the poor is by raising the minimum wage.

We can use the money saved, after we boot the illegals, to increase the EITC, if we have to......

More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding.

Stop importing so many poor, that'll certainly help.

I just understand the need for government intervention and regulation.

Intervene to regulate the border and boot the lawbreakers.

How come no response to any of the above BILLY BOY or do you pick and choose only what you can comprehend?

 

[Centinel]

Growing income inequality is the flaw, not income inequality itself.

Growing income inequality is the flaw in our current fiat money, regulatory, welfare, warfare state.

Maybe we should give capitalism a try.

 

[Dont Taz Me Bro]

18 million people make less than 10.10 per hour.

The world needs ditch diggers too

 

[Yarddog]

Conservatives answer this question: wages in the lower classes have remained stagnant for DECADES. What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low? 18 million people make less than 10.10 per hour. How many more do you think make less than 15? How many of them have kids?Corporate profits are already at an an all time high.

The ONLY way to boost wages for the poor is by raising the minimum wage. History has shown this to be true. More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding. Eventually, the top heavy economy will cause a collapse from a lack of sufficient consumer spending.

Do I want to end the private market? Of course not. I just understand the need for government intervention and regulation.

Just like the Left to divide us into CLASSES. Thats a Communist concept. When people become more educated or get a better job, they move up to the next "class" -aka. "they make more money".

Jobs in fast food restaurants were meant to be jobs for kids in High School or coming out of school looking for their first job. These jobs were not meant to be primary jobs. A kid working for the first time needs to learn humility and learn how to work hard before he or she starts making serious money, otherwise they will feel too entitled. I think the lesson of working hard for just a little bit of money is very important, it teaches toughness. Its the way I entered the work force.

Of course now that we have imported an entire "lower CLASS" from mexico and central America, they will have to work 2 or three of these jobs to support their families, but that was not the way it was meant to be. Legal immigration requires that people who come here speak the language, have skills and the ability to "move up".

 

[EdwardBaiamonte]

What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low?

Dear, this is Econ 101, a business has to raise wages the most possible or lose its best workers to those who pay more. Similarily, a business must have the best quality products to beat competition. Now do you understand??

 

[EdwardBaiamonte]

The ONLY way to boost wages for the poor is by raising the minimum wage..

dear, China just switched to capitalism and instantly eliminated 40% of the poverty on earth. Did you hear about it? The poor lived in poverty and 60 million died before the switch to Republican capitalism. Do you understand?

 

[EdwardBaiamonte]

More socialization in our private economy is the only way to save the middle class.

you mean more Republican capitalism- right? Eliminate unions and corporate taxes and instantly bring back 30 million middle class jobs that liberals shipped to China. Let Trump ship 20 million illeglals home and create 20 million more jobs here with a huge upward pressure on wages.

 

[Iceweasel]

I for the life of me can't figure out what's wrong with income inequality. I'm against crony business/government deal making but what's the alternative to income inequality? A burger flipper makes the same as someone that builds homes or condos? Income inequality is the cry of the underachiever.

 

[EdwardBaiamonte]

I for the life of me can't figure out what's wrong with income inequality. I'm against crony business/government deal making but what's the alternative to income inequality? A burger flipper makes the same as someone that builds homes or condos? Income inequality is the cry of the underachiever.

Yes!! God made income equality when he made humans inequal. Some are Einsteins and some are not. Also, the more you equalize income the more you equalize performance and diminish economic growth.

 

[Billy000]

What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low?

Dear, this is Econ 101, a business has to raise wages the most possible or lose its best workers to those who pay more. Similarily, a business must have the best quality products to beat competition. Now do you understand??

I understand you are confused. 18 million Americans make less than 10 per hour. How many more do you think make less than 15? Inflation is already way ahead.

 

[Indeependent]

It's not Income Inequality, it's Opportunity Inequality.

 

[Billy000]

The ONLY way to boost wages for the poor is by raising the minimum wage..

dear, China just switched to capitalism and instantly eliminated 40% of the poverty on earth. Did you hear about it? The poor lived in poverty and 60 million died before the switch to Republican capitalism. Do you understand?

As usual you people can't seem to grasp that socialism isn't necessarily the absence of capitalism. You do realize that if we raised the minimum wage we would still have a free market system, right?

 

[Billy000]

18 million people make less than 10.10 per hour.

The world needs ditch diggers too

So 18 million people are ditch diggers?

 

[EdwardBaiamonte]

What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low?

Dear, this is Econ 101, a business has to raise wages the most possible or lose its best workers to those who pay more. Similarily, a business must have the best quality products to beat competition. Now do you understand??

I understand you are confused. 18 million Americans make less than 10 per hour. How many more do you think make less than 15? Inflation is already way ahead.

a business has to raise wages the most possible or lose its best workers to those who pay more. Similarily, a business must have the best quality products to beat competition. Now do you understand?

 

[Billy000]

Conservatives answer this question: wages in the lower classes have remained stagnant for DECADES. What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low? 18 million people make less than 10.10 per hour. How many more do you think make less than 15? How many of them have kids?Corporate profits are already at an an all time high.

The ONLY way to boost wages for the poor is by raising the minimum wage. History has shown this to be true. More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding. Eventually, the top heavy economy will cause a collapse from a lack of sufficient consumer spending.

Do I want to end the private market? Of course not. I just understand the need for government intervention and regulation.

wages in the lower classes have remained stagnant for DECADES.

We've been importing millions of low-skilled illegal aliens who compete with low-skilled Americans for low paying jobs.

What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low?

Boot 10 million illegals, businesses will be forced to pay more.

The ONLY way to boost wages for the poor is by raising the minimum wage.

We can use the money saved, after we boot the illegals, to increase the EITC, if we have to......

More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding.

Stop importing so many poor, that'll certainly help.

I just understand the need for government intervention and regulation.

Intervene to regulate the border and boot the lawbreakers.

How come no response to any of the above BILLY BOY or do you pick and choose only what you can comprehend?

What exactly is the incentive for businesses to pay more if only American citizens have those jobs?

Sure it's ideal that only citizens have jobs, but if wages are already so low, do you really think businesses nationwide will be like "well no more illegals. I guess I have a moral obligation to raise my wages even though there is no law to force me to." Low skilled work is low skilled work. It doesn't matter who they are. That is the wage they are stuck with.

 

[EdwardBaiamonte]

You do realize that if we raised the minimum wage we would still have a free market system, right?

Econ 101, in a free market a free buyer and seller set wages and prices. Do you understand?