Obama raising the national Minimum wage to $9.00 Appreciation Thread

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Doesn't matter to the topic....are you mad?

That chart is extremely relevant to the topic at hand. You wingnuts are acting like raising the minimum wage to $9 is some unbearable thing that'll lead to the destruction of the economy as Obama instiutes his socialist policies, but the chart shows it's merely tracking inflation as it's been doing over the last century.

The minimum wage isn't meant to stop inflation, so asking how raising the minimum wage solves that issue is silly. That's not its purpose.


I swear it's like arguing with Fox News correspondents sometimes on here...

What does that chart say to you?

What I see is that despite many wage increases min wage still doesn't buy what it did in 1968.

Is there a greater problem here? Hmm...

Its wasn't created to "track" inflation. In 500 years, minimum wage will be $10,000/hr to keep up with inflation.

We're gonna need to study numbers past billion and trillion. We are talking about numbers used only in math and science.

Quadrillion
Quintillion
Sextillion
Septillion
Octillion
Nonillion
Decillion
Undecillion
Duodecillion
Tredecillion
Quattuordecillion
Quindecillion
Sexdecillion
Septendecillion
Octodecillion
Novemdecillion


:bryan:
 
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Walter Williams actually talked about this and put it into perspective.

"We lived in the Richard Allen housing projects" in Philadelphia, says Mr. Williams. "My father deserted us when I was three and my sister was two. But we were the only kids who didn't have a mother and father in the house. These were poor black people and a few whites living in a housing project, and it was unusual not to have a mother and father in the house. Today, in the same projects, it would be rare to have a mother and father in the house."

Even in the antebellum era, when slaves often weren't permitted to wed, most black children lived with a biological mother and father. During Reconstruction and up until the 1940s, 75% to 85% of black children lived in two-parent families. Today, more than 70% of black children are born to single women. "The welfare state has done to black Americans what slavery couldn't do, what Jim Crow couldn't do, what the harshest racism couldn't do," Mr. Williams says. "And that is to destroy the black family."

"But I really just wanted to be left alone. I thought some laws, like minimum-wage laws, helped poor people and poor black people and protected workers from exploitation. I thought they were a good thing until I was pressed by professors to look at the evidence."

Even so, the book taught him that "black people cannot make great progress until they understand the economic system, until they know something about economics." His motivation? "I think it's important for people to understand the ideas of scarcity and decision-making in everyday life so that they won't be ripped off by politicians," he says. "Politicians exploit economic illiteracy."

"Professors who encouraged me to think with my brain instead of my heart. I learned that you have to evaluate the effects of public policy as opposed to intentions."


Mr. Williams distinguished himself in the mid-1970s through his research on the effects of the Davis-Bacon Act of 1931—which got the government involved in setting wage levels—and on the impact of minimum-wage law on youth and minority unemployment. He concluded that minimum wages caused high rates of teenage unemployment, particularly among minority teenagers. His research also showed that Davis-Bacon, which requires high prevailing (read: union) wages on federally financed or assisted construction projects, was the product of lawmakers with explicitly racist motivations.

One of Congress's goals at the time was to stop black laborers from displacing whites by working for less money. Missouri Rep. John Cochran said that he had "received numerous complaints in recent months about Southern contractors employing low-paid colored mechanics."

In 1982 he published his first book, "The State Against Blacks," arguing that laws regulating economic activity are far larger impediments to black progress than racial bigotry and discrimination. Nearly 30 years later, he stands by that premise.

:ahh:
 

Wild self

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It isn't that we don't want to do anything. Taking their money won't work and in this case it would only hurt small companies who don't make a whole lot of money or those who live in rural areas. Also, in the end it would hurt workers.

Can you imagine getting rich only to see that half of it goes to the government? What would you do? Wealth confiscation is not the name of the game. Outsmarting those who would try to take your money by using ingenious tricks is.

There are better ways to help the poor. We have to see beyond these tricks and traps. No one is going to come and save the day.

The best thing to do is change yourself.

Taking their money won't work. I think you are a reasonable person and I hope you can see that. Other people on here won't see it if it was staring them in the face.

Some states began to heavily tax millionaires and guess what the millionaires went to other states. They didn't become millionaires by being stupid. lol Lets just say that those who stayed or couldn't hide their money won't be millionaires for long. We can't allow the government bully people out of their money, what happens when it is your turn.

Did you know that the income tax started out only being for rich people? The people at the time cheered, even though there was no such thing as income tax before. Why? They were happy because it wouldn't affect them.

Years later, after the government got a taste of spending other peoples money, they instituted income tax for everyone. The poor fell for the okie dokie and now the government pimps EVERYONE out of their money. Never believe it can't happen to you.

Now income tax is a huge burden for the middle-class and poor. (One of my parents pays a third of their income in income taxes, which one year was $30,000 and it was only Sept.). The income tax code started out like at 100 pages, now its about 73,000 pages. Many of it is loopholes just for the RICH, the very people it was supposed to tax. How is that fair? Where is the outrage? This guest speaker once told our class that this country favors business owners and property owners. If you are a wage earner, it will screw you.

I was listening to Thom Hartmann the other day and he had an idea only a mother could love. He said a solution to our deficit problem would be a 100% tax rate after 1 Billion dollars. The solution is not to ask the government to spend more wisely and to mind its money better, the best solution is to take peoples money after 1 Billion.

I just laughed not because I love billionaires or b/c I am a billionaire, but because it wouldn't work.

If you owned a Casino in Vegas and were making billions per year, what would you do? It is human nature. Would you continue to work if you knew that after a certain point 100% of what you made would be gone to taxes. Does he think rich people got rich by being stupid. They will evade, lie, hoard, manipulate, anything but give up that money.

I can't control the rich. I can't control the government. But, I can control myself. And that is all that matters in the end.

:mindblown: @ this shyt.
 
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