So, this has been happening....

Bedell, I really liked your posts and I'm going to respond I just want to do them justice when I do so it may be tomorrow before this happens. I just wanted to let you know.
 
The notion that if we raise taxes on the rich, they'll stop being productive is ludicrous.

Whoever is getting taxed that much, will still be rich in the influence and power.

If the rich get taxed, they're going to figure out how to keep making money, and if they do stop there's always another person next in line waiting to take their spot. Because a millionaire would rather be bagging groceries at Publix.
 
KeithLockhart said:
The notion that if we raise taxes on the rich, they'll stop being productive is ludicrous.

Whoever is getting taxed that much, will still be rich in the influence and power.

If the rich get taxed, they're going to figure out how to keep making money, and if they do stop there's always another person next in line waiting to take their spot. Because a millionaire would rather be bagging groceries at Publix.
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Still be rich in influence in power ? Is that serious? I'm assuming not because of the bagging groceries comment.
 
Tapate50 said:
Still be rich in influence in power ? Is that serious? I'm assuming not because of the bagging groceries comment.
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My point was if they are going to whine about it, someone is hungry to take their spot so they can bag groceries.

They still would have influence, since they would still rich.
 
KeithLockhart said:
The notion that if we raise taxes on the rich, they'll stop being productive is ludicrous.

Whoever is getting taxed that much, will still be rich in the influence and power.

If the rich get taxed, they're going to figure out how to keep making money, and if they do stop there's always another person next in line waiting to take their spot. Because a millionaire would rather be bagging groceries at Publix.
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You think it's also safe to say that increasing the minimum wage won't make people that don't want to work, work? You think people will give up 'free goods and services' for a few extra dollars?
 
Unfortunate you can't change the rates to suit your business needs.

Small businesses will get killed because they have to raise minimum raise 3 dollars and those who don't receive minimum wage will also get the same 3 dollars or more and if fair should be a lot more. A menial job at 3 dollars is around $7.00 for a professional job.

Grocer (didn't go to school or GED) 7.25 to 10.10 equals a 2.85 increase roughly 28%
Programmer (cheapest wage and have a 4 or 8 year degree) 22.50 to 29.25

So how can businesses afford this without raising the prices a lot?

Manufacturing big industries already pay their least skilled workers more than the minimum wage.

The restaurants and mom and pop stores and restaurants can't afford this without raising prices a lot so that money you receive is still not going to give you a higher purchasing power.
 
Tapate50 said:
How much increased tax revenue would a 10.10 min wage create?
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Very little, because even at that increased rate of pay, the worker will still be fairly close to the zero bracket amount. It would probably reduce tax revenue because the businesses paying the workers would have less profit.

But tax revenue isn't why the minimum wage should be discussed.
 
I am not opposed to a minimum wage increase. But again, our actions can have unintended consequences. While automation is coming no matter, I suspect such an increase will only hasten it.

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BedellBrave said:
I am not opposed to a minimum wage increase. But again, our actions can have unintended consequences. While automation is coming no matter, I suspect such an increase will only hasten it.

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I don't think the minimum wage debate will have much to do with increasing automation. It might accelerate the trend, but most places are doing that right now. I don't eat much fast food anymore, but I can only imagine how crappy the service is going to be at these automated joints.
 
It is happening and has been happening - gas stations, grocery stores, etc. We are going to lose more and more of these minimum wage jobs no doubt about it.

It will be cheaper at some price point for businesses to automate this way.
 
50PoundHead said:
Very little, because even at that increased rate of pay, the worker will still be fairly close to the zero bracket amount. It would probably reduce tax revenue because the businesses paying the workers would have less profit.

But tax revenue isn't why the minimum wage should be discussed.
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I completely understand why it should or shouldn't be, but in every decision there are other results and aftershocks to be considered ( or other reasons why it's being pushed )
 
Going to be a sad day when people start physically revolting against the rich because there's no more jobs and the profits and income equality gets farther and farther. The looting, shooting, and killing...

Then we can all sit here and whine about taxing job creators.
 
KeithLockhart said:
Going to be a sad day when people start physically revolting against the rich because there's no more jobs and the profits and income equality gets farther and farther. The looting, shooting, and killing...

Then we can all sit here and whine about taxing job creators.
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That's been happening already.

So what else is new?
 
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