Fixing Inequality through Taxes

You said that the workers should be sharing in the economic gains they have helped produce. To what economic gains were you referring if you were not talking about profits?

 

Yep/

Growth in the US economy with higher wages.

 

Not if they don't have a say in management; that division of labor gives labor an excuse. no multimillion dollar bonuses to prove who was in charge, for them; it should be a self-evident fact that the one's who make the most have the most blame, vested.

 

In one alternative, we would not have the disparity we currently do with our current regime; of sacrificing the end of our war on poverty to the means of the coercive use of force of a State with our war on drugs.

Wartime tax rates for any war on any Thing; would prevent such policies public, by providing that market based metric in our political-economy.

 

Which has happened. If you go to this site: https://research.stlouisfed.org/fred2/series/COMPRNFB you will see a chart that looks like this:



Please note the growth in compensation from 1981 to now.

 

Let's note it.

Goes from about 25 in 1947 to about 75 in 1980. 115% increase.

Goes from about 75 in 1980 to maybe 105 in 2013. 40% increase.

Virtually all the growth in compensation since 1981 occurred in the mid to late 1990s.

 

Yes. Real compensation per hour has grown since 1981.

 

That is what the chart shows, at about 1/3 the rate it did before 1981.

 

Yes, it's grown.

 

Don't pretend to portray your existence for mine. At 18, I stood up and became a man. With bride in hand I started my own path and have never looked back. By the way, at 18, I was promoted to a department manager for a major grocery chain.

Straight to college right out of high school, one the more stupid things man has done. No, I started as a paid apprentice and when I was sure of where I wanted to be, then I started school. Degree, never did get that stupid. When I looked at one of my professors and came to the conclusion that if I continued, that is what I could expect to become. Then and there I discovered to be selective from whom I would learn things. Seems you have never been so selective and somehow believe someone else would fall for your fallacy.

But sad to know that you have no compulsion to sponging off another.

Did you also know that a recent survey has discovered that a large majority of fast food workers, working for minimum wage have college degrees. And few of them actually have enough skills to go beyond a burger flipper. Ever give one of them some coins while paying and see what a strain it is for them to come up with the correct solution.

 

No it isn't.

 

Argument, for there to be an argument there must be something to argue. Don't seem to be any of that here. You bring up Georgia, what do I care, the peanut farmers can go back to their "Billy" beer. You try to impress that economics means something, what?

Economics is like religion, based on belief, not facts. I think the gypsy with the crystal ball has a better chance of being correct, heck, probably one of those 8 ball thing or a Ouija board would stand a better chance. Sort of like how internet forums allow weak minds to claim victory after victory because real life is so unfair and always cheating them.

 

But I am a boomer. I insist that the government make good on that ponzi scheme that was extracted through most of my life. I use Medicare Advantage so that a private insurer administers the medical even though I don't use it except for an emergency as they wont cover holistic or naturapathic medicine.

I do expect the whole system to blow up by the time I pass and have faced reality and insured that I can maintain myself without it.

 

Pure bull. If the broom pusher wants a share, then he should drop the broom, pick up a hammer and chisel and make his own way. So long as his only value is pushing a broom, he should kneel to the sculptor and pay homage for that $10, after all the sculptor could sweep his own floor. What can the man with the broom do?

 

People didn't suddenly stop picking up hammers and chisels in 1981 which sent inequality skyrocketing. Something else happened that year.

 

I must be missing something, because I haven't the foggiest idea how this is a response to what I had said.

 

Only the right doesn't seem to believe, that economics is about discovering market based metrics.

 

Only if Labor was involved in the decision making.

 

I believe ending our extra-Constitutional drug war could pay for it or something even better.

 

Bull. When the worker is sharing his/her capital in investing in the company, you'll have a point. Then and only then will they be on equal footing.

 

Why should labor lose any vested equity for any bad decisions on the part of management, if they didn't have a say or vote in the process of management for that venture?

I believe Labor should create open interest in insurance products for bad management if they don't want to actively participate with management.

 

Well, in the context of what we are discussing, if labor doesn't want to lose any vested equity, based on not having a say in management decisions, they can simply opt to not take part in the company's retirement plan. Problem solved. By the way, so few companies now have retirement plans, that it is almost getting to the point where this doesn't even need to be discussed.

Im not sure exactly what you are wanting to insure against, but at any rate, this seems to be off the subject of what you and I have been discussing.

 

That is not necessarily a problem and may be a solution by holding retirement accounts with at hird party, fiduciary trust for such retirement accounts.

Bad management insurance should be as easy to get as lower insurance rates for drug testing or "competence" testing.

 

He may lose future income FROM THE SCULPTOR but is free to go sweep other floors and receive income, he is NOT OUT OF POCKET A DIME.

Ever heard of 401k's, IRA's, brokerage accounts. I share in it and have done well sharing in it and I am just middle class.

You haven't?

 

Taxes are not a moral issue, and equality is not a noble goal.

The only place men are equal is the graveyard.