Don2 (Don1 Revised)
Contributor
It's not amazing at all how Republicans try to scare Democrats into voting for centrists in primaries, but what is amazing is that often Democrats listen.
It's not amazing at all how Republicans try to scare Democrats into voting for centrists in primaries, but what is amazing is that often Democrats listen.
...is looking very likely he'll will a second term.
I thought that it was the Capitalist News Network.Had that source been the Clinton National Network it would be gospel truth?
I should have said that it'll certainly be outpaced by inflation by the time it goes into effect nationwide, which will likely be something like 2024.
A real currency has a basis. In my youth it was that gold was fixed at $40/oz. We have abandoned the gold standard. Some other thing of limited supply like gold, silver, copper and other metals may serve. A pound of coffee, a bale of hay, a bushel of wheat would work as long as it is given a fixed, permanent value and everything else is allowed to float. Exactly one product and only one product price-controlled.
Today our currency is based on one hour of unskilled labor. Minimum wage. For a job so simple anyone could do it. If we set it permanently to, say, $15/hour then everything else would inflate until $15 was something a 16-yr-old would accept for an hour's work. A babysitter might get $17.50 if really good at it. An ordinary working man would expect about 150,000/yr.
If we set minimum wage to $100 or $1 it would make no difference. The value of other goods and services would adjust themselves in a free market with nothing else at all price-controlled. No farm subsidies. Repeal all law affecting prices or wages.
Stop taxing corporations. Corporations are a pieces of paper which cannot pay anything. All taxes on businesses are paid by real people and not by the owners of the corporation -- workers and customers are paying that tax. Including the poorest as they buy anything at all. The most regressive tax of all, a pure sales and wage tax.
Stop taxing income and, instead, tax spending (the constitution calls these excises). Then the Paris Hilton's of the world would be paying a gob of taxes. Tax real estate sales the same as groceries. Tax sales of stock the same as iced tea. This way the people who spend large amounts of money (the top 1%) would pay most of the taxes -- the poorest (the lowest 1%) the least. But everyone would pay taxes. Everyone would have skin in the game.
Meanwhile the Fed "loans" money created out of thin air at interest to the government. The debt has to go up to keep the bankers who privately own the Fed raking in that interest. Interest on nothing.
FIXT.I can get a better picture if you want. Why did you expand my avatar instead of addressing the content?
I am a retired professor of computer science. A fan of Milton Friedman -- see the Free to Choose YouTubes. That is where I got thetruthdumb opinion about taxing corporations. Also about the Fed.
Just an example of the diminishing returns of a fixed dollar amount for MW as time marches on: https://www.apnews.com/f70a701b7593450fb4bcb3cb61c543b4
Illinois will join Washington, D.C., and at least four other states with a $15-an-hour minimum by 2025 , an 82 percent spike in current base pay. But it may not be the momentous impact on low-wage workers that some supporters expected.
Using state labor and federal inflation statistics, The Associated Press projected that assuming the current inflation rate of 2.1 percent each year through 2025, $15 then will be worth the equivalent of $10.46 now. So instead of an 81 percent wage increase from $8.25 to $15, after inflation, low-wage workers will be taking home only 27 percent more than they are today.
This gives politicians all the incentive in the world to simply delay the implementation of the policy until inflation has made the $15 initially demanded equivalent to something closer to what capital is willing to accept. They can simultaneously say that they've done something for the working class while making sure that the full $15 doesn't go into effect until inflation has taken a chunk out of it. Of course, indexing the MW to inflation would itself be a solution to this problem, which is why nobody is discussing that seriously.
Just an example of the diminishing returns of a fixed dollar amount for MW as time marches on: https://www.apnews.com/f70a701b7593450fb4bcb3cb61c543b4
Illinois will join Washington, D.C., and at least four other states with a $15-an-hour minimum by 2025 , an 82 percent spike in current base pay. But it may not be the momentous impact on low-wage workers that some supporters expected.
Using state labor and federal inflation statistics, The Associated Press projected that assuming the current inflation rate of 2.1 percent each year through 2025, $15 then will be worth the equivalent of $10.46 now. So instead of an 81 percent wage increase from $8.25 to $15, after inflation, low-wage workers will be taking home only 27 percent more than they are today.
This gives politicians all the incentive in the world to simply delay the implementation of the policy until inflation has made the $15 initially demanded equivalent to something closer to what capital is willing to accept. They can simultaneously say that they've done something for the working class while making sure that the full $15 doesn't go into effect until inflation has taken a chunk out of it. Of course, indexing the MW to inflation would itself be a solution to this problem, which is why nobody is discussing that seriously.
Ok, they're the ones that need to check their numbers.
They link the numbers on which they are basing their conclusion--and it's looking at inflation from 2009 (the last minimum wage hike there) to 2025.
More stupid remarks from your socialist darling.
She's now blaming a non existent oil pipeline with a non existent oil spill. You can't make this stuff up!
All the more reason to like her -- she brings up issues that others have been unwilling to.
- At a Congressional hearing, US Rep. Alexandria Ocasio-Cortez asked, "Should Wells Fargo be held responsible for the damages incurred by climate change due to the financing of fossil fuels?"
- This is an economic debate about the concept of "negative externality," most famously addressed by the conservative Nobel-winning economist Milton Friedman.
- Friedman believed the government should tax polluters.
- Conservatives love Friedman but they don't talk about "negative externality" theory much.
More stupid remarks from your socialist darling.
She's now blaming a non existent oil pipeline with a non existent oil spill. You can't make this stuff up!
Which non existent oil pipeline?
More stupid remarks from your socialist darling.
She's now blaming a non existent oil pipeline with a non existent oil spill. You can't make this stuff up!
Which non existent oil pipeline?
Actually, yes... you can make this stuff up. In fact, the right-wing has been producing a good deal of made up stuff recently. I mean, when they aren't posting videos of Ocasio-Cortez dancing or fake nude pics of her.More stupid remarks from your socialist darling.
She's now blaming a non existent oil pipeline with a non existent oil spill. You can't make this stuff up!
Well, the money laundering, insurance fraud, anyone remember his fake university (before Presidency), emoluments, actions attempting to help Russia, security concerns in White House, obstruction of justice (during Presidency)... we have pretty strong sense that there is info for all of that.Clinton hasn't been President in decades! Enough of the Moore-Coulters.
Pelosi knows it is the GOP that must vote to convict Trump to remove him from office. And that would take an extraordinary amount of damaging information on him.
Information that just doesn't exist.
No one has won the Champions League yet, therefore, Manchester City isn't going to win the Champions League.As that article says.
Yeah, cute you call it a witch hunt. The investigation has more than paid for itself and resulted in several convictions and plea deals.But the witch hunt won't stop until 2020 and beyond. And by the way the Dems are heading, is looking very likely he'll will a second term.
And more.....................[video]https://pluralist.com/alexandria-ocasio-cortez-wells-fargo-ceo/[/video]
Actually, yes... you can make this stuff up. In fact, the right-wing has been producing a good deal of made up stuff recently. I mean, when they aren't posting videos of Ocasio-Cortez dancing or fake nude pics of her.More stupid remarks from your socialist darling.
She's now blaming a non existent oil pipeline with a non existent oil spill. You can't make this stuff up!