America Has The Richest Poor In The World

With tax policy like yours and Obama current economic polices we might be back to the Great Depression very soon now

Then libs will have their dream of income equality

All of us will be poor

Then who will libs get to pay for all their social handout and freebies?

 

Why should anyone have any problem with actually solving official poverty via a minimum wage that simply compensates with an income, a person who can claim to be unemployed; when corporate welfare has even paid multimillion dollar bonuses to persons who are no where near the poverty line and may be able to afford entire departments to help them conform to rational choice theory?

In my opinion, we should be free-riding on privileges and immunities already established by persons of wealth in our capital based market economy, where economic forms of discrimination are both legal and socially acceptable, and republican form of government.

 

How about a little accuracy and honesty here?

Donald Trump did not delare bankruptcy. Trump Entertainment Resorts, the company that own and ran his 2 Atlantic City casinos went bankruptcy.

And he no longer owns that business. And it was not a Chapter 13 bankruptcy (we are in debt and can't repay the money so close and liquidate the company) but a Chapter 11 bankruptcy (we are in financial trouble and with a little relief we can rebuild the company).

Sounds like you drank the Liberal "eat the rich" koolaid there. Somebody goes "Oh Trump went bankrupt", and you swallow it hook line & sinker. And a lot of other people did too.

Oh, and he no longer has any position in Trump Entertainment Resorts. He resigned as President and CEO almost 2 years ago. The company still has his name, but that is about it.

 

They already do the second one.

Back when Congress shoved the "sub-prime mortgage" down the throats of banks and other financial institutions, they made sure everybody that took out a loan knew that they would come with balloon payments after 5 years. This allowed everybody that took one out to make more long-term financial plans.

Yet when nobody made such plans and the banks started to foreclose, a lot of people started to run around like chicken little. They blamed pretty much everybody but the people who failed to pay the initial loans (and started the slide into recession) and the members of Congress that made the sub-prime law in the first place.

Of course you blame somebody else. That is human nature. Except that since Liberals "feel your pain", they of course lay the blame on anybody that did not feel the pain. Banks, Drug Companies, Car Companies, Taxpayers, Republicans, Conservatives, Christians, Muslims, the list simply goes on and on and on.

 

Oh I have no problem with a "minimum wage".

However, I have problems with a Federal minimum wage. Because invariably what happens is that the Fed decides to increase the minimum wage because people in the suburbs of Seattle do not make enough. This then puts companies in places like Enterprise Alabama in a hurt locker.

I have seen first hand what can happen to small businesses when the minimum wage is hiked. One local 27 hour market I used to go to back in Alabama changed from 24 hours to 16 hours. They laid off one of the night shift people, and reduced the hours of the 3 day people and rotated the other night person to days. They simply did not make enough to pay all 5 people.

And things like that happen all over the country every time the minimum wage is hiked. And many people have their rate tied to minimum wage. As in "I will pay you $2 above minimum wage". That is actually fairly typical for lower end hourly employees. This prevents somebody from getting a 25 cent raise and higher position, only to see it dissapear and they now make minimum again once the wage goes up.

And I saw that myself way back in 1983 when I got my first promotion when I was working in fast food. I became a "Crew Leader", and got a 50 cent per hour raise. But that was "minimum wage + 50 cents", not "50 cents". Otherwise, if I had that same job and wage in 1990 I would have been right back at minimum wage all over again.

How about this for an idea. Have each state, county and city set it's own minimum wage. That way it is tied in to the local economy. If it is to low, then people will leave the area and they will loose tax payers. If it is to high, then businesses will close and move away, and they will loose tax money.

Poverty really has nothing to do with the minimum wage though. I know of very few people over 20 that make "minimum wage". If they do, odds are they have no functional job skills.

And yes, I have made "minimum wage" a few times since I graduated high school. But that was direct pay, as mandated by law. In both of those jobs, my real income was another source (commission when I sold cars, tips when I was a DJ). And the other source payed way more then minimum wage.

 

From my perspective, we would not have any of our current social dilemmas, if our elected representatives to government would simply bear true witness to our own laws.

 

I agree with you that merely having a Standard regarding a minimum labor wage in any regime that allows for a rate of unemployment of more than one percent, will never solve for poverty even with a War on Poverty.

A truer form of minimum wage would simply subsidize potential labor to pursue opportunity costs, other than directly competing in the market for labor when there is a surplus of labor.

Such a public policy choice should be more market friendly because participants will usually pursue their own equilibrium seeking tendencies in any given market environment. Employers may benefit from only needing to interview market participants that are attempting to command a prevailing market based wage or efficiency wage to provide forms of labor to that market.

From my perspective, there is no reason the private sector could not offer complementary products and service, and even create those jobs to meet that demand.

While I agree that more anarchic conditions may be conducive to some forms of necessity and invention, there is no need to resort to third world standards in a modern and more developed economy where corporate welfare has even paid multimillion dollar bonuses.

 

Not much I can do for ya, son. I am against all irresponsible behavior. The difference between me and you is that I would start at the top since that is by far the largest contributer to the current issue. You would give the likes of BofA, the credit card companies and Countrywide a pass and not prosecute the individuals responsible. You think it is moral and ethical to knowingly loan other peoples money to irresponsible individuals for personal profit.

 

You mean like the last major tax increase, in 1993, when conservatives claimed it would kill jobs and cause a recession, but instead the economy created 22 million new jobs, had the best average economic growth in the past 4 decades, the longest sustained periods of growth since WWII, the lowest unemployment rate, and significant real increases in income for all income groups, not just the 1%?

I'll take my chances based on the actual record as opposed to the baseless, supported, biased claims of conservatives that have been proved to be totally wrong in the past.

 

Lying again? We proved you were the last two times you accused me of fabricating. It's looking pathological.

Feel free to prove you are not by citing the statements you claim I made up.

 

You cannot legislate the poor into prosperity, by legislating the wealthy out of prosperity.

 

You cannot multiply wealth by dividing it.

 

You can for the folks who receive it.

You can have one super rich guy and 9 super poor guys.

You redristibute some of the wealth and you have one kind of rich guy and 9 kind of poor guys.

You've mulitplied the wealth by a factor of 9.

 

You can legislate the poor out of the dregs of poverty by legislating the uber wealthy to just super wealthy.

 

Most poor are that way because they have no ability to handle money in a correct way

 

Give the poor wealth and in a short period of time they will be poor again. They need to be educated how to deal with finances. Money will not fix the problem. Class warfare is just a political ploy to get votes it solves nothing.

 

That is an over generalization, but I agree there is some truth to it.

 

I agree that we should be providing educational and professional training assistance to the poor.

It has nothing to do with class warfare.

 

Rewarding the poor with handouts is wrong.

Taxpayers should not be forced to give their hard earned cash to people STRICTLY because they are terrible at making money.

People need to take responsibility for their own lives.

If the poor need emergency food, emergency shelter and emergency medical and dental and their children need to be taught to read/write/do arithmetic (nothing else) - then the government should DEFINITELY provide it, imo.

But that is it.


If that is not enough...that is what charities are for.

And if that is still not enough...tough.

 

I disagree. When people cannot get work regardless of taking responsiblity of their lives, a handout to keep them off the streets till they get back on their feet is right.

When people are injured, disabled, aged or infirm, and cannot earn a wage to provide for basic sustenance, and handout to help them out is right.

When a family has been wiped out by a medical bill, a handout to help get them going again is right.

 

For you to say that - you would have to know most poor people.

Since you do not (I assume) - then you have cannot know why they are in the financial state they are in...you can only guess.

I have known probably more then my fair share of 'poor' people (by American/Canadian standards).

And their stories are as diverse as you could (probably) possibly imagine.


I do not agree with massive government cash handouts to the poor (other then providing the basic necessities of life) AND if they want more - they should earn it themselves.

BUT - I also do not agree with lumping them into some stereotype so that it is easier for people just to right them off as well (not that I am saying you are the only one doing it - not by a mile).

In many cases, these are good people that have come up against some TREMENDOUS obstacles that are not of their own making that most people here will never experience.
Of course, there ARE examples of people who are just 'bad karma producers' who deserve everything they get.

No offense, but to belittle the poor's problems by saying 'most are poor because they cannot handle money' is simplistic and often erroneous.

 

Yes it does. Take from the rich to give to the poor by force is class warfare by Obama

 

It show that Obama is failure and does not deserve to be president

 

I have been homeless i know what goes on. I worked my way out. most do not know how and are happy with government hand outs. they could not handel wealth

The lottery is proof


http://www.smartmoney.com/invest/stocks/why-lottery-winners-go-bankrupt-1301002181742/