Unfettered Capitalism

[Dr Grump]

My God government schools are apparently as bad in New Zealand as they are here. Sorry, guy. Try reading my post again. Read slower and try to sound it out if you have to. Or maybe you're right and you're a moron. Companies have to compete with other companies for your business. Government eliminates its competition. And you think people work harder when they aren't accountable. You're not a functioning adult

And in unfettered capitalism you have a similar thing except monopolies are eliminating competition...Why do you think the Sherman Act came into being.

Name sustained monopolies where the competition was not eliminated by government. Go ...

Standard Oil if they had their way. But that is the point. The government stopped it from happening. Microsoft kinda, too...although that was an altogether different beast.

Irrelevant. Again, Standard Oil was nothing compared to oil today. Microsoft wasn't sustainable. So ...

... Let's try this again. Name sustained monopolies where the competition was not eliminated by government. Go ...

Standard Oil. You can play semantics if you like, but you don't get to change what Rockefeller was trying to do. Just because you compare it to today's conglomerates doesn't mean you get to change the rules. Without government interference Standard was going to be a leviathan that nobody could have stopped. Thank-you Sherman Act.

 

[danielpalos]

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

Zero.

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

I don't want to be accused of bearing false witness with statistics.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Lay it on the table...
$15.00 * 5 (days a week) * 4 (weeks a month) * 50 (2 weeks vacation)
Go ahead and calculate that spectacular annual wage that will be taxed at 1%.

Someone making the current federal minimum wage pays around three hundred dollars in federal income taxes while someone making fifteen dollars an hour pays around five times more in those taxes.

In other words, they pay into some of the social welfare they receive.

The cool thing is that the legislators in slums do nothing about that tax.
The other cool thing is that the legislators in slums do nothing about raising the slum above the level of a slum.

Find a dream team to fix the problem without turning the US into another Venezuela.

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue that we do now with the current minimum wage.

You must realize that every Bill that is passed contains more legislation than just the title of the Bill.
The legislators will raise the MW and will raise taxes targeting that wage level.
One of the reasons they will raise taxes targeting that wage level is because they will pack one or more pet projects into that bill that will need more tax dollars to pay for it.
Politicians never lose.

Why would they need to do that if simply raising the minimum wage to fifteen dollars an hour will generate five times more in federal income tax revenue than is currently being generated at the current minimum wage? Higher paid labor creates more in Demand and pays more in Tax revenue in every long run equilibrium.

OMG! You are either an idiot, really naive or related to a scummy politician.
Every bill that is passed raises Municipal taxes.
Are you that oblivious?

Local taxes are passed by local jurisdictions not the federal government.

I presume you've never been to a political club.
Try to attend one and see who shows up.

still nothing to do with local taxes being raised by the federal government. only right wingers prefer to make up right wing fantasy as they go along.

OMG!
Reagan lowered the Tax Rate.
NYS immediately raised State Taxes.
Educate yourself.

Link?

 

[danielpalos]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

Paying unskilled workers $15 when they produce much less value is another way you know how to lose money.

How are you calculating what they produce? The minimum wage is not tied to production but official poverty rates.

 

[Indeependent]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

You are happy with the status quo of people being under-educated; I am not.

What are you talking about?

There is a glut of uneducated people who are the children of uneducated people.
These children wind up making minimum wage.
What mistake did the parents make to produce a next generation of uneducated children?

 

[Toro]

There is no such thing as "unfettered capitalism."

It has always been a socialist straw man.

Always has been, always will be.

 

[Indeependent]

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

Zero.

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

I don't want to be accused of bearing false witness with statistics.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Lay it on the table...
$15.00 * 5 (days a week) * 4 (weeks a month) * 50 (2 weeks vacation)
Go ahead and calculate that spectacular annual wage that will be taxed at 1%.

Someone making the current federal minimum wage pays around three hundred dollars in federal income taxes while someone making fifteen dollars an hour pays around five times more in those taxes.

In other words, they pay into some of the social welfare they receive.

The cool thing is that the legislators in slums do nothing about that tax.
The other cool thing is that the legislators in slums do nothing about raising the slum above the level of a slum.

Find a dream team to fix the problem without turning the US into another Venezuela.

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue that we do now with the current minimum wage.

You must realize that every Bill that is passed contains more legislation than just the title of the Bill.
The legislators will raise the MW and will raise taxes targeting that wage level.
One of the reasons they will raise taxes targeting that wage level is because they will pack one or more pet projects into that bill that will need more tax dollars to pay for it.
Politicians never lose.

Why would they need to do that if simply raising the minimum wage to fifteen dollars an hour will generate five times more in federal income tax revenue than is currently being generated at the current minimum wage? Higher paid labor creates more in Demand and pays more in Tax revenue in every long run equilibrium.

OMG! You are either an idiot, really naive or related to a scummy politician.
Every bill that is passed raises Municipal taxes.
Are you that oblivious?

Local taxes are passed by local jurisdictions not the federal government.

I presume you've never been to a political club.
Try to attend one and see who shows up.

still nothing to do with local taxes being raised by the federal government. only right wingers prefer to make up right wing fantasy as they go along.

OMG!
Reagan lowered the Tax Rate.
NYS immediately raised State Taxes.
Educate yourself.

Link?

How about you providing Links that prove that slums are doomed to produce minimum wage workers?

 

[Toddsterpatriot]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

Paying unskilled workers $15 when they produce much less value is another way you know how to lose money.

How are you calculating what they produce? The minimum wage is not tied to production but official poverty rates.

How are you calculating what they produce?

The employer calculates that.

The minimum wage is not tied to production

That's why it should be eliminated.

 

[dblack]

Socialists aren't rational, you are greedy

Socialists want to bring democracy to the workplace.
Does that scare you?

Scares the shit out of me. Majority rule is a horrible way to run things.

 

[Andylusion]

If businesses can socialize costs, government is failing to do its job.

Again, your claim is backasswards. It's a policy failure, not a market failure. The government should prevent "socializing costs" - unless, I guess, it's a socialist government, in which case socializing costs is the point

Socialist governments would be more likely to nationalize a company entirely rather than allow shareholders to keep profits by shifting losses onto taxpayers.

I see your point about government failing to prevent the free market from practicing Lemon Socialism, but I still blame the influence of private fortunes on government and not the institution of government.

Lemon socialism - Wikipedia

"Origin[edit]

"Mark J. Green coined the exact phrase in a 1974 article discussing the utility company Con Ed.[8][10]

"The sentiment was earlier expressed in the adage 'socialism for the rich and capitalism for the poor', which was in use by the 1960s, though the notion of privatizing profits and socializing losses dates at least to 1834 and Andrew Jackson's closing of the Second Bank of the United States."

But that is factually not true. Not a single socialist government has ever operated the way you claim.

Yes, Socialist Venezuela confiscated profits from the nationalized oil companies.... and the result was that oil production crashed.... because the company had no profits to use in upkeep and expansion of the production.

So yeah, they kept the money, and destroyed their own oil industry in the one country in the entire world, with the most known oil reserves.

On the opposite side, governments ALWAYS socialize the losses onto tax payers.

What Was the Fannie Mae and Freddie Mac Bailout?

The Fannie Mae and Freddie Mac bailout cost billions of dollars but saved the housing market from even worse destruction. Learn about how and the effect it's had.

www.thebalance.com

And that's just the direct bailouts. We know that money from other government programs was diverted to Fannie and Freddie, without being counted as a bailout.

Fannie and Freddie, the government controlled, Democrat supported, socialistic sponsored enterprises, were the largest bailouts of the entire sub-prime crash.

Further, we know that this is true around the world.

In Greece they found they were spending so much tax money on the light-rail mass transit system, that they could have purchased a taxi cab for every single passenger on the of their government funded mass transit.

Is it cheaper to put Greek train passengers in taxis?

It's been claimed that the Greek railway network is so over-subsidised that it would be cheaper to put train passengers into taxis. Is that true?

www.bbc.com

They even found they had so many government employees in the mass transit system, that they could assign a single engineer to every single car.

That is a MASSIVE MASSIVE cost, being dumped on the tax payers.

Same is true in France or Spain, where they had a huge scandal involving government contractors and massive kick backs. And in that case, it was much worse, because the government officials were making millions in kick backs, and the contractors were making millions in over-priced contractor projects, and the ONLY one that paid any price was the public.

We see this in Medicare. Medicare is widely known to have the most fraud in all of health care. Why doesn't it get fixed? Because it's government. Government making money, politicians are getting votes, insurance companies and health care facilities are making millions, and the tax paying public..... well... we get the bill.

So you can claim that "under socialism" thus and so would happen, but we can see clearly now that in socialized systems in the US, and around the world, that the opposite is what happens.

 

[danielpalos]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

You are happy with the status quo of people being under-educated; I am not.

What are you talking about?

There is a glut of uneducated people who are the children of uneducated people.
These children wind up making minimum wage.
What mistake did the parents make to produce a next generation of uneducated children?

Means nothing. Why not come up with some economic arguments.

 

[danielpalos]

There is no such thing as "unfettered capitalism."

It has always been a socialist straw man.

Always has been, always will be.

Just like free market capitalism doesn't exist in modern times.

 

[danielpalos]

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

Zero.

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

I don't want to be accused of bearing false witness with statistics.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Lay it on the table...
$15.00 * 5 (days a week) * 4 (weeks a month) * 50 (2 weeks vacation)
Go ahead and calculate that spectacular annual wage that will be taxed at 1%.

Someone making the current federal minimum wage pays around three hundred dollars in federal income taxes while someone making fifteen dollars an hour pays around five times more in those taxes.

In other words, they pay into some of the social welfare they receive.

The cool thing is that the legislators in slums do nothing about that tax.
The other cool thing is that the legislators in slums do nothing about raising the slum above the level of a slum.

Find a dream team to fix the problem without turning the US into another Venezuela.

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue that we do now with the current minimum wage.

You must realize that every Bill that is passed contains more legislation than just the title of the Bill.
The legislators will raise the MW and will raise taxes targeting that wage level.
One of the reasons they will raise taxes targeting that wage level is because they will pack one or more pet projects into that bill that will need more tax dollars to pay for it.
Politicians never lose.

Why would they need to do that if simply raising the minimum wage to fifteen dollars an hour will generate five times more in federal income tax revenue than is currently being generated at the current minimum wage? Higher paid labor creates more in Demand and pays more in Tax revenue in every long run equilibrium.

OMG! You are either an idiot, really naive or related to a scummy politician.
Every bill that is passed raises Municipal taxes.
Are you that oblivious?

Local taxes are passed by local jurisdictions not the federal government.

I presume you've never been to a political club.
Try to attend one and see who shows up.

still nothing to do with local taxes being raised by the federal government. only right wingers prefer to make up right wing fantasy as they go along.

OMG!
Reagan lowered the Tax Rate.
NYS immediately raised State Taxes.
Educate yourself.

Link?

How about you providing Links that prove that slums are doomed to produce minimum wage workers?

I am not the one making stuff up as I go along. That is a right wing modus operandi. And, I never claimed any such thing.

 

[danielpalos]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

Paying unskilled workers $15 when they produce much less value is another way you know how to lose money.

How are you calculating what they produce? The minimum wage is not tied to production but official poverty rates.

How are you calculating what they produce?

The employer calculates that.

The minimum wage is not tied to production

That's why it should be eliminated.

Employers don't operate in a vacuum of special pleading. They charge what they have to charge to make a profit. And, the labor market is subject to market based arbitrage not production.

 

[Indeependent]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

You are happy with the status quo of people being under-educated; I am not.

What are you talking about?

There is a glut of uneducated people who are the children of uneducated people.
These children wind up making minimum wage.
What mistake did the parents make to produce a next generation of uneducated children?

Means nothing. Why not come up with some economic arguments.

Because all the Germans, Italians, Irish, Indians, Jews, etc...who came to the US with nothing produced a new generation of professionals.
So basically, your cry for Minimum Wage Welfare is not based on anything but lack of will to achieve an education which is compensatory.
So where are your slum parents failing?

 

[Indeependent]

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

Zero.

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

I don't want to be accused of bearing false witness with statistics.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Lay it on the table...
$15.00 * 5 (days a week) * 4 (weeks a month) * 50 (2 weeks vacation)
Go ahead and calculate that spectacular annual wage that will be taxed at 1%.

Someone making the current federal minimum wage pays around three hundred dollars in federal income taxes while someone making fifteen dollars an hour pays around five times more in those taxes.

In other words, they pay into some of the social welfare they receive.

The cool thing is that the legislators in slums do nothing about that tax.
The other cool thing is that the legislators in slums do nothing about raising the slum above the level of a slum.

Find a dream team to fix the problem without turning the US into another Venezuela.

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue that we do now with the current minimum wage.

You must realize that every Bill that is passed contains more legislation than just the title of the Bill.
The legislators will raise the MW and will raise taxes targeting that wage level.
One of the reasons they will raise taxes targeting that wage level is because they will pack one or more pet projects into that bill that will need more tax dollars to pay for it.
Politicians never lose.

Why would they need to do that if simply raising the minimum wage to fifteen dollars an hour will generate five times more in federal income tax revenue than is currently being generated at the current minimum wage? Higher paid labor creates more in Demand and pays more in Tax revenue in every long run equilibrium.

OMG! You are either an idiot, really naive or related to a scummy politician.
Every bill that is passed raises Municipal taxes.
Are you that oblivious?

Local taxes are passed by local jurisdictions not the federal government.

I presume you've never been to a political club.
Try to attend one and see who shows up.

still nothing to do with local taxes being raised by the federal government. only right wingers prefer to make up right wing fantasy as they go along.

OMG!
Reagan lowered the Tax Rate.
NYS immediately raised State Taxes.
Educate yourself.

Link?

How about you providing Links that prove that slums are doomed to produce minimum wage workers?

I am not the one making stuff up as I go along. That is a right wing modus operandi. And, I never claimed any such thing.

So the fact that I want all Americans to take advantage of their educational opportunities is right wing modus operandi.
I'm smelling bullshit coming from your posts.

 

[danielpalos]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

You are happy with the status quo of people being under-educated; I am not.

What are you talking about?

There is a glut of uneducated people who are the children of uneducated people.
These children wind up making minimum wage.
What mistake did the parents make to produce a next generation of uneducated children?

Means nothing. Why not come up with some economic arguments.

Because all the Germans, Italians, Irish, Indians, Jews, etc...who came to the US with nothing produced a new generation of professionals.
So basically, your cry for Minimum Wage Welfare is not based on anything but lack of will to achieve an education which is compensatory.
So where are your slum parents failing?

Still means nothing.

Here is where it is going:

From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.--https://www.epi.org/publication/ceo-compensation-2018/

 

[Andylusion]

A shared resource is the legitimate domain of government - the commons. The market is irrelevant. If "some members of a community fail to contribute their fair share to the costs of a shared resource" it's the government policy regarding the commons that is failing, not the market.

Which institution do you blame for this failure?

Ten Real-Life Examples of the Tragedy of the Commons - dummies

"The Grand Banks are fishing grounds off the coast of Newfoundland.

"For centuries, explorers and fishermen described this region as home to an endless supply of cod fish. In the 1960s and 1970s, advances in fishing technology allowed huge catches of cod.

"Following a few dramatically large seasons, the fish populations dropped, forcing Canadian fishermen to sail farther to maintain large catch sizes each season.

"By the 1990s, cod populations were so low that the Grand Banks fishing industry collapsed. It was too late for regulation and management; the cod stocks had been irreparably damaged.

"Since then, the cod populations have remained low, and some scientists doubt the Grand Banks ecosystem will ever recover."

Well Socialism of course.

I'm confused. What do you think Tragedy of the Commons is? Commons... or having everything in common... or where we get Communes.... is a socialist system.

When everyone owns something in common, no one has the incentive to maintain the common.

This is why Capitalism, and private ownership, works better.

This picture is of Haiti and the Dominican Republic. Now this isn't to suggest that the DR is a perfect example of successful capitalism, but Haiti is notorious for having terrible property rights.

The result is, the common area, in Haiti, that no one owns, no one maintains.

For example, logging. If you are a logger, logging your own land, you are going to only cut down the largest trees, and leave the smaller trees to grow, so that you can harvest more lumber in the future.

But in Haiti, where it is common ground.... you are not going to do that, because if you don't cut that smaller tree down, someone else will.

And you have no reason to re-seed the ground with new trees, because there is no benefit for you to do so. Someone else will end up harvesting from the work you do.

So you don't.

Thus the ground is empty and barren.

Same is true with cattle grazing. That's why if you have a common ground, they let their cattle eat all the grass completely, until it is nothing but dirt and mud everywhere.

Whereas if you own the property, you will rotate around the area, to allow the grass to recover, before grazing there again. You have an incentive to maintain the value of the land.

Tragedy of the Commons is a socialist problem, that could be solved with capitalism.

If you blocked off an area for fishing and sold the lease to the highest bidder, that company would have an extremely high incentive to make sure the fish population was not wiped out. They would intentionally moderate their fishing, to maintain a healthy population of fish.... because otherwise they would be stuck with a fishing lease, devoid of fish, and go bankrupt.

 

[danielpalos]

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

Zero.

A free market is the target of any totalitarian regime, and why Marxism is so appealing to dictators.

Imagine how much power the state must have to not only monitor every financial transaction made, but to then redistribute the funds accordingly the way they think is "socially just". Such power requires 24/7 surveillance of every man, woman, and child with unlimited power to take from them what you think they should not have.

Raising the minimum wage can help even the Poor afford Justice under our form of Capitalism.

Commie talk.

MW should be zero.

Why do you believe that under our form of Capitalism? Social services cost the equivalent to fourteen dollars an hour and is a reason for a fifteen dollar an hour minimum wage.

Even though I am aware that are mentally ill and will click the Smiley, $15.00/hour has one living in a slum and receiving public assistance, which is right where the recipient was in the first place.

Maybe, but using less public assistance and more able to participate in our market based economy. And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

And, someone making fifteen dollars an hour pays around five time more in federal income taxes than someone on the current federal minimum wage.

How many dollars in federal income taxes will they pay at $15?
How many dollars in federal income taxes do they pay at the current federal minimum wage?

I don't want to be accused of bearing false witness with statistics.

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Lay it on the table...
$15.00 * 5 (days a week) * 4 (weeks a month) * 50 (2 weeks vacation)
Go ahead and calculate that spectacular annual wage that will be taxed at 1%.

Someone making the current federal minimum wage pays around three hundred dollars in federal income taxes while someone making fifteen dollars an hour pays around five times more in those taxes.

In other words, they pay into some of the social welfare they receive.

The cool thing is that the legislators in slums do nothing about that tax.
The other cool thing is that the legislators in slums do nothing about raising the slum above the level of a slum.

Find a dream team to fix the problem without turning the US into another Venezuela.

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue that we do now with the current minimum wage.

You must realize that every Bill that is passed contains more legislation than just the title of the Bill.
The legislators will raise the MW and will raise taxes targeting that wage level.
One of the reasons they will raise taxes targeting that wage level is because they will pack one or more pet projects into that bill that will need more tax dollars to pay for it.
Politicians never lose.

Why would they need to do that if simply raising the minimum wage to fifteen dollars an hour will generate five times more in federal income tax revenue than is currently being generated at the current minimum wage? Higher paid labor creates more in Demand and pays more in Tax revenue in every long run equilibrium.

OMG! You are either an idiot, really naive or related to a scummy politician.
Every bill that is passed raises Municipal taxes.
Are you that oblivious?

Local taxes are passed by local jurisdictions not the federal government.

I presume you've never been to a political club.
Try to attend one and see who shows up.

still nothing to do with local taxes being raised by the federal government. only right wingers prefer to make up right wing fantasy as they go along.

OMG!
Reagan lowered the Tax Rate.
NYS immediately raised State Taxes.
Educate yourself.

Link?

How about you providing Links that prove that slums are doomed to produce minimum wage workers?

I am not the one making stuff up as I go along. That is a right wing modus operandi. And, I never claimed any such thing.

So the fact that I want all Americans to take advantage of their educational opportunities is right wing modus operandi.
I'm smelling bullshit coming from your posts.

lol. You have nothing but, right wing bullshit.

 

[Indeependent]

They could raise the minimum wage to fifteen dollars an hour to generate around five times more in tax revenue than we do now with the current minimum wage.

When YOU start your own business, YOU should definitely do that.

Sure, no problem. I am not on the right wing and only know how to lose money with a Commerce Clause and a Central bank.

You are happy with the status quo of people being under-educated; I am not.

What are you talking about?

There is a glut of uneducated people who are the children of uneducated people.
These children wind up making minimum wage.
What mistake did the parents make to produce a next generation of uneducated children?

Means nothing. Why not come up with some economic arguments.

Because all the Germans, Italians, Irish, Indians, Jews, etc...who came to the US with nothing produced a new generation of professionals.
So basically, your cry for Minimum Wage Welfare is not based on anything but lack of will to achieve an education which is compensatory.
So where are your slum parents failing?

Still means nothing.

Here is where it is going:

From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.--https://www.epi.org/publication/ceo-compensation-2018/

A fact which ticks me off as much as it ticks you off.
What that have to do with studying and achieving an advanced degree?

You obviously think minorities are genetically inferior if you can't get the gist that credentials can get you more than minimum wage.
I know Black nurses who make 70K/year.
What's the excuse?

 

[Andylusion]

There would be many fewer IPOs if there wasn't a secondary market to trade them in.

"Is the stock market one giant Ponzi Scheme?

"A Ponzi Scheme, for those who haven’t heard the term, according to Investopedia, is 'a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers.'

"'Both Ponzi schemes and pyramid schemes eventually bottom out when the flood of new investors dries up and there isn’t enough money to go around. At that point, the schemes unravel.'"
View attachment 386439

The Stock Market Is a Ponzi Scheme

Of course not. The stock market is no more a ponzi scheme, than renting a duplex is a ponzi scheme, or investing in education to earn a higher wage in the future, is a ponzi scheme.

The key to a ponzi scheme is that no value is created.

If you buy stock in a company, that company is creating value. That is why the stock has value. If you build a duplex, that duplex creates value, which is returned to you in rent. If you pay for an education, that education (provided you didn't learn something stupid like Marxism or Gender Studies), will create a value that comes back to you in the form of higher wages.

There is nothing about the stock market that is a ponzi scheme. I know my stocks have made a good return on my investment for sure.