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Thread: What purpose did the tax cut for the wealthiest serve?

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Gipper View Post
    I think you're being obtuse with regards to macroeconomic impact. Seriously, what do you think will happen if minimum wage suddenly increased to 50 bucks an hour? Minimum wage is a price floor. If you raise the floor, everything above the floor goes up too. See where I'm getting at?

    I know even you can't possibly think that minimum wage can go up while everything else stays the same.
    If you are correct, that should be very esy for you to prove your theory by examing the cities in the US which have adopted a living wage law and showing is it made no difference. This should help you get started

    In the United States, the state of Maryland and several municipalities and local governments have enacted ordinances which set a minimum wage higher than the federal minimum for the purpose of requiring all jobs to meet the living wage for that region. This usually works out to be $3 to $7 above the federal minimum wage. However, San Francisco, California and Santa Fe, New Mexico have notably passed very wide-reaching living wage ordinances.[citation needed] U.S. cities with living wage laws include Santa Fe and Albuquerque in New Mexico; San Francisco, California; and Washington D.C.[4] (The city of Chicago, Illinois also passed a living wage ordinance in 2006, but it was vetoed by the mayor.)[5] Living wage laws typically cover only businesses that receive state assistance or have contracts with the government.[6]
    This effort began in 1994 when an alliance between a labor union and religious leaders in Baltimore launched a successful campaign requiring city service contractors to pay a living wage.[7] Subsequent to this effort, community advocates have won similar ordinances in cities such as Boston, Los Angeles, San Francisco, and St. Louis. In 2007, there were at least 140 living wage ordinances in cities throughout the United States and more than 100 living wage campaigns underway in cities, counties, states, and college campuses.[8]
    I await your findings.
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    Re: What purpose did the tax cut for the wealthiest serve?

    That didn't even say anything.

    Find something that says something haymarket.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Henrin View Post
    That didn't even say anything.

    Find something that says something haymarket.
    Then you need to go back and read it again. It says very clearly that if Gipper is correct, that should be easy for him to prove using many cities where the minimum wage has been elevated to a living wage.

    Of course, the idea of taking some libertarian fantasy out of the realm of pure theory into the world of reality that the rest of us inhabit may be something lost upon you.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Catawba View Post
    Its just a small percentage of country, the me, me, me generation that feels this way. Fortunately, most people are responsible citizens.
    The boys in D.C. ,Wall Street or the CEOS of corporatins may not know this but bottom line there are a lot of pissed off people out here.
    I'm not the only one that has went from buying American products to foreign products.
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by LesGovt View Post
    Sorry, but I don't get your point. Companies do not offer jobs when they have no need to seek employees. That would be counter-productive.

    I'm assuming that you don't see companies improving products by moving to Taiwan or Mexico. Where the company is doesn't necessarily have a bearing on whether or not it improves its products, expands its lines, or manages its business better. They go to those places for a few reasons and among those reasons are lower wages, less regulations, and less taxes. I don't want to offer lower wages, but I believe we need to have less regulations and less taxes in order to keep businesses in the U.S.

    As for your hungry dog analogy, I am not concerned about the U.S. competing with any country or our companies competing with companies from other nations, so long as we have reasonable regulations and taxes. I would minimize the regulations so that Amercans companies do not spend hundreds of billions just to comply with the regulations and I would end taxing companies. The latter would drive companies back to the U.S. and would drive foreign companies to come here.

    Riots? Sure, I recall them. When we start to get our country's fiscal policies in order, I expect to see many protesting the changes and even rioting. That's what happens when people have been given things, setting up unrealistic expectations that the country cannot sustain and can no longer afford. A good conservative fiscal policy would have been much better and would have caused less damage.
    Companies do seek consumers, employed people are consumers, profits dropped once companies needed bailouts.
    Wall Street the Dow, Nasdaq, and S&P dropped 3 times in one month.
    Math is math somebody is not spending enough could this have something to do with the less job market in America MAYBE?

    Those cheap laborers in Tai Wan and Mexico aren't targeted consumers Americans are.
    We had less regulations that caused bailouts and more loss of employment.
    If corporations want American consumers business give Americans jobs cause foreign products are cheaper and better improved, so why buy American so they can have cheap labor in third world country and sell high in America.
    You forget the average American has to deal with taxes, regulations lower wages too, as well as budget cuts, salary cuts, education cuts without a bunch of Harvard lawyers and accountents.

    Hell the American government spent hundreds of millions on bailouts, grants and fat no bid contracts
    What else you got?

    What fiscal policies in order?
    The tricle down theory don't work
    Outsourceing don't work
    Budget cuts don't work.
    Ask GMC, AIG,FREDDY MAC,FANNY MAE, ENRON, BUDWEISER, REAL ESTATE. Sears just to name a few.

    You will find that my hungry dog theory works for although corporations and the top rich have the money, the average lower and poor working class has the numbers just a matter of time before investors start asking questions about the amount of their checks.
    Other than shelter food, gas and car what new thing corporations has to sell is how do say,on the endangered species list, just like American jobs.
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by presluc View Post
    Companies do seek consumers, employed people are consumers, profits dropped once companies needed bailouts.
    Wall Street the Dow, Nasdaq, and S&P dropped 3 times in one month.
    Math is math somebody is not spending enough could this have something to do with the less job market in America MAYBE?
    If you are saying that the bailouts should not have happened, I agree.

    Quote Originally Posted by presluc View Post
    Those cheap laborers in Tai Wan and Mexico aren't targeted consumers Americans are.
    They aren't? I thought HP and Apple sold internationally. I thought Caterpillar sold internationally. When did they stop?

    Quote Originally Posted by presluc View Post
    We had less regulations that caused bailouts and more loss of employment.
    LOL! We had regulations and we still had a financial meltdown. Regulations did not stop it andthe current ones will only cause businesses to be less profitable causing less employment. Once again, we should not have had bailouts.

    Quote Originally Posted by presluc View Post
    If corporations want American consumers business give Americans jobs cause foreign products are cheaper and better improved, so why buy American so they can have cheap labor in third world country and sell high in America.
    They will give Americans jobs when the economy returns. The economy will not sufficiently return for the next 18 or 19 months, but it will return.

    Quote Originally Posted by presluc View Post
    You forget the average American has to deal with taxes, regulations lower wages too, as well as budget cuts, salary cuts, education cuts without a bunch of Harvard lawyers and accountents.
    Bad decisions with regards to Federal spending was a mistake. I take it you agree.

    Quote Originally Posted by presluc View Post
    Hell the American government spent hundreds of millions on bailouts, grants and fat no bid contracts
    What else you got?
    I got everything I deserved. Nothing. That's how it should have been for the companies and the American people.

    Quote Originally Posted by presluc View Post
    What fiscal policies in order?
    End taxing companies and the economy will boom and Americans will have jobs galore.

    Quote Originally Posted by presluc View Post
    The tricle down theory don't work
    Outsourceing don't work
    BMW, Mercedes, Honda, and other foreign companies thought outsourcing works when they opened plants in the U.S.

    Quote Originally Posted by presluc View Post
    Budget cuts don't work.
    We better hope that real cuts will be forthcoming.

    Quote Originally Posted by presluc View Post
    Ask GMC, AIG,FREDDY MAC,FANNY MAE, ENRON, BUDWEISER, REAL ESTATE. Sears just to name a few.
    Not sure what Anheuser Busch and Sears have to do with the rest, but I am for no bailouts to any entity and none should get subsidies. You are weeping to the wrong person.

    Quote Originally Posted by presluc View Post
    You will find that my hungry dog theory works for although corporations and the top rich have the money, the average lower and poor working class has the numbers just a matter of time before investors start asking questions about the amount of their checks.
    Other than shelter food, gas and car what new thing corporations has to sell is how do say,on the endangered species list, just like American jobs.
    Jeeze. Is your nickname Doom or is it Gloom? The best thing we could do is cut the government spending, do away with taxes on companies, minimize reglations, and unleash American industry keeping more in the U.S. Also, fine companies who hire illegals as when we stop allowing illegals to take American jobs, more jobs will be available for Americans and as more and more Americans are employed the law of supply and demand will increase wages for everyone as employees will be able to pick and choose what job they want. There is more that could be done on this issue, but this will do for now for a start.
    Last edited by LesGovt; 08-26-11 at 07:29 PM.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by haymarket View Post
    Then you need to go back and read it again. It says very clearly that if Gipper is correct, that should be easy for him to prove using many cities where the minimum wage has been elevated to a living wage.

    Of course, the idea of taking some libertarian fantasy out of the realm of pure theory into the world of reality that the rest of us inhabit may be something lost upon you.
    You failed.

    1.) Sante fe, New Mexico doesn't have a true living wage. They have a higher minimum wage that they say you can live on that they haven't raised since 2009. Second, it only affects businesses that get assistance or government work. Its sounds to me they are protecting the economy from such a bad idea.

    2.) Albugeurque, New Mexico it appears to affect everyone. If you are alone its $8.14 and if you have children its 20.37 or 26.47 for two. Interestingly they don't enforce the law as everyone is below the rates. So the point of the law is lost on me a bit.

    3.) San Francisco, California's law appears to be much like the Albugeurques in almost everyway. They also fail to really enforce the laws as several fields fail to reach what the law says. The rates are 8.14 alone, 20.37 with one child, and 26.47 with two children. They also haven't raised it since 2009.

    I don't know where you get the idea this is successful but I can't find a place on the list that really even does it. You really think paying someone 26.47 up from 7.00 doesn't change anything? Want to back up that idiotic claim?

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    Re: What purpose did the tax cut for the wealthiest serve?

    3.) San Francisco, California's law appears to be much like the Albugeurques in almost everyway. They also fail to really enforce the laws as several fields fail to reach what the law says. The rates are 8.14 alone, 20.37 with one child, and 26.47 with two children. They also haven't raised it since 2009.
    Sorry I meant 12.65 for yourself, 21.82 with one child, and 32.70 with two children. What is above is Albuquerques numbers.

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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by LesGovt View Post
    If you are saying that the bailouts should not have happened, I agree.



    They aren't? I thought HP and Apple sold internationally. I thought Caterpillar sold internationally. When did they stop?



    LOL! We had regulations and we still had a financial meltdown. Regulations did not stop it andthe current ones will only cause businesses to be less profitable causing less employment. Once again, we should not have had bailouts.



    They will give Americans jobs when the economy returns. The economy will not sufficiently return for the next 18 or 19 months, but it will return.



    Bad decisions with regards to Federal spending was a mistake. I take it you agree.



    I got everything I deserved. Nothing. That's how it should have been for the companies and the American people.



    End taxing companies and the economy will boom and Americans will have jobs galore.



    BMW, Mercedes, Honda, and other foreign companies thought outsourcing works when they opened plants in the U.S.



    We better hope that real cuts will be forthcoming.



    Not sure what Anheuser Busch and Sears have to do with the rest, but I am for no bailouts to any entity and none should get subsidies. You are weeping to the wrong person.



    Jeeze. Is your nickname Doom or is it Gloom? The best thing we could do is cut the government spending, do away with taxes on companies, minimize reglations, and unleash American industry keeping more in the U.S. Also, fine companies who hire illegals as when we stop allowing illegals to take American jobs, more jobs will be available for Americans and as more and more Americans are employed the law of supply and demand will increase wages for everyone as employees will be able to pick and choose what job they want. There is more that could be done on this issue, but this will do for now for a start.
    No I'm calling bailouts what they are theft


    I'm saying that foriegn companies are outselling American companies at home and abroad.
    HP and Apple may be sold international but stack that up against exports and inports anytime.

    Business are less profitable because a lot less people are buying because a lot more people are without jobs.

    The economy will return when more Americans buy more American products . that can only happen when Americans have jobs.
    The ones already on the bottom have nothing to lose, what about the ones on the top?

    Bad decisions were made when jobs were outsourced because when people lose jobs American corporations lose consumers.

    However, that's not how it went down the corporations kept their company thanks to the American taxpayer, the working people was shown how to exit a working job.

    Ah, Hell not the old Reagan routine help the rich give more to the rich and progress will trickle down.
    Still waiting no trickling, noteven a drip.

    And hows foriegn companies doing in the U.S. compared to Ford, GMC, Chrysler.
    What's the differance anyway both are built by the same labor force, only thing differant is the name.

    I'm all for budget cuts, as you say real budget cuts.
    My question is what money do you get from budget cuts on the bottom compared to budget cuts from the top, that's where the money is nobody's cutting budgets from the top.

    Budweiser was sold out to foriegn investors, check it yourself.
    Check the profit line on Sears the company not the product THIN ICE.

    No my nick name is not Doom or Gloom. My nickname is REALITY CHECK.
    CUT GOVERNMENT SPENDING? FINE LETS START WITH THE LOBBYIST AND WORK UP

    DO AWAY WITH TAXES BUT JUST ON COMPANIES HUH?
    WHY NOT DO AWAY WITH PROPERTY TAXES AS WELL MAYBE DO AWAY WITH INTEREST ON CREDIT CARDS.

    MINIMIZE REGULATIONS AND UNLEASH AMERICAN INDUSTRY?
    WHERE IS AMERICAN INDUSTRY TO BE UNLEASHED TIA WAN, CHINA, MEXICO PHILLIPINES OR SOME OTHER THIRD WORLD COUNTRY.

    FINE COMPANIES THAT HIRE ILLEGALS STOP ALLOWING ILLEAGLES TO TAKE AMERICAN JOBS.
    WHY NOT DOUBLE THE TAXES ON EVERY AMERICAN CORPORATION EVERY YEAR AND DOUBLE THE FOLLOWING YEAR ECT,THAT OUTSOURCES AMERICAN JOBS AND DOUBLE TAXES AND DOUBLE THE FOLLOWING YEAR ECT. ON ANYBODY HIREING ILLEGALS,
    That should get the American debt down.
    Either more jobs are available for working Americans or more money available for the American government that's a win win situation.
    Of course you are right more could be done but this will do for a start.
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    Re: What purpose did the tax cut for the wealthiest serve?

    Quote Originally Posted by Henrin View Post
    You failed.

    1.) Sante fe, New Mexico doesn't have a true living wage. They have a higher minimum wage that they say you can live on that they haven't raised since 2009. Second, it only affects businesses that get assistance or government work. Its sounds to me they are protecting the economy from such a bad idea.

    2.) Albugeurque, New Mexico it appears to affect everyone. If you are alone its $8.14 and if you have children its 20.37 or 26.47 for two. Interestingly they don't enforce the law as everyone is below the rates. So the point of the law is lost on me a bit.

    3.) San Francisco, California's law appears to be much like the Albugeurques in almost everyway. They also fail to really enforce the laws as several fields fail to reach what the law says. The rates are 8.14 alone, 20.37 with one child, and 26.47 with two children. They also haven't raised it since 2009.

    I don't know where you get the idea this is successful but I can't find a place on the list that really even does it. You really think paying someone 26.47 up from 7.00 doesn't change anything? Want to back up that idiotic claim?
    Explain one thing for all of Henrin - how does your perception that the law may or may be be enforced all the time in three of these cities add up to my "failed"?

    Look at the numbers:

    In 2007, there were at least 140 living wage ordinances in cities throughout the United States and more than 100 living wage campaigns underway in cities, counties, states, and college campuses.[8]
    And you gave us three cities without any real information other than your own take on things.

    Expand on your own mental processes so we all can understand just how you reached that judgment.
    Last edited by haymarket; 08-27-11 at 05:53 PM.
    __________________________________________________ _
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