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Tax the rich, tax the rich.
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May 8, 2021 11:53:19   #
redlegfrog
 
SteveR wrote:
Newt Gingrich had an article the other day indicating how lowering the value of the dollar, resulting in inflation would become this administration's tax on the middle and lower economic classes. Examples were given.


Sad but true, and those pecker heads in Washington D C know exactly what they are doing and they don't care.

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May 8, 2021 17:20:46   #
burkphoto Loc: High Point, NC
 
TriX wrote:
I’m not sure that is always the case. That implies that the company will do whatever it takes to maintain their margins including raising prices, but in a competive economy, that makes their products less competitive, so they may instead decrease expenses (including executive compensation packages), make their production more efficient, improve their sales/marketing, etc. Remember that same capitalism will drive prices so that everything being equal, the lowest price will have an advantage for equivalent products. On the flip side, it may cause them to move production offshore (as is happening now to the detriment of our manufacturing sector), UNLESS the tax laws make that unprofitable, which is the idea.

Americans can always choose to embrace the lowest price, regardless of the National (or local business) good, but the result will be to continue to move our manufacturing to China, enhancing the competitive position of Communism, slowly destroying our manufacturing infrastructure, killing workers futures and increasing the trade deficit. Make no mistake, we are in a trade and form of government war with China, and if we keep buying the lowest price, regardless of the company of origin and allowing intellectual property theft, we are helping them prove that an authoritarian government is more viable.
I’m not sure that is always the case. That implies... (show quote)




Races to the bottom seldom turn out well. We Americans cut our own financial throats when we priced ourselves out of world labor markets AND pulled the quality out of our products. We did it again by buying the lowest cost things made in the far East that we could find at discount stores. Now we need to wake up and make some changes.

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May 8, 2021 17:29:42   #
thom w Loc: San Jose, CA
 
burkphoto wrote:


Races to the bottom seldom turn out well. We Americans cut our own financial throats when we priced ourselves out of world labor markets AND pulled the quality out of our products. We did it again by buying the lowest cost things made in the far East that we could find at discount stores. Now we need to wake up and make some changes.
img src="https://static.uglyhedgehog.com/images/s... (show quote)


Your posts are usually interesting, but we don't see you much down here.

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May 8, 2021 19:55:21   #
burkphoto Loc: High Point, NC
 
thom w wrote:
Your posts are usually interesting, but we don't see you much down here.


“Down here” wasn’t where this started. No, I try to stay out of the sewer when possible. Buh-bye!

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May 9, 2021 11:33:41   #
Shutterbug1697 Loc: Northeast
 
DirtFarmer wrote:
Business is risk.
You have to invest some capital into a business to make it work. If you do it right, you get a return on your investment.
Business requires infrastructure.
You have to have ways to get people to see that you have a product, they need ways to evaluate it, and to order it if it passes their evaluation. You need ways to get the materials to produce your product and get it to them. All that involves infrastructure in the way of transportation, safety, communications, etc.
Transportation, safety, communications, etc. are all part of the public environment and someone has to pay for it.

The CEO who makes 300 times the basic worker's wage is in a much better position to contribute to the infrastructure requirements. (S)He has more disposable income, while the minimum wage worker probably has no income that is disposable.

And without that infrastructure, the money would not flow to the CEO.
Business is risk. br You have to invest some capit... (show quote)

CEO vs Minimum Wage Worker pay gaps:

https://www.epi.org/publication/ceo-compensation-2018/

https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percent-and-now-make-278-times-the-average-worker.html

https://www.cbsnews.com/news/ceo-pay-in-940-more-than-40-years-ago-workers-make-12-more/

https://www.usatoday.com/story/money/2019/07/07/new-data-show-wealth-gap-between-ceos-and-workers-and-fuel-debate/1667944001/

https://ips-dc.org/how-the-ceo-worker-pay-gap-deepens-income-and-wealth-inequality/

https://thehill.com/news-by-subject/finance-economy/548480-ceo-who-gave-all-employees-70k-minimum-wage-says-6-years

https://usafacts.org/articles/minimum-wage-america-how-many-people-are-earning-725-hour/?utm_source=google&utm_medium=cpc&utm_campaign=ND-Jobs&gclid=CjwKCAjwkN6EBhBNEiwADVfyazBzoUkgVO2kGyQoZFOQKcoUh3CDd52TNIW-UAVe_2tkeZT6xuBaBRoCJBQQAvD_BwE

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May 9, 2021 12:58:42   #
letmedance Loc: Walnut, Ca.
 


Risk takers and entrepreneurs are entitled to great rewards for the their investment of time and capital, without these folks a great many of us would not have gainful employment. How many employees work for these businesses that pay their top officers very well?

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May 9, 2021 13:06:44   #
dennis2146 Loc: Eastern Idaho
 


You constantly bring up useless links that I can't help but wonder if anybody looks at. I can honestly tell you I do not. What a waste of somebody's time.

I can tell you though that our country is based upon Capitalism. Someone has a job to perform and hires someone else to do that job at a wage that is acceptable to the worker. This system has been going on since America was founded and has worked perfectly for those hundreds of years.

But now you on the Left Wing Socialist side come forward and tell us that the worker agreeing to do a job for a specified wage is not paid enough IF the owner of the company is making a good profit for himself and for shareholders who expect a profit from investing in the company. You expect the owner of the company to give even more money and benefits than the worker originally agreed to. What a crock of BS from Socialists.

Under Capitalism the wonderful thing is that everyone who works has the ability to start their own company. Even under Trump, the businessman, there are people who started with Trump and later moved on to open their own companies so they too could become wealthier through hard work. This happens in all professions all across America. That is one of the reasons America is a great company, because each of us is in charge of our own destiny, so to speak. But if you Socialists are going to take a profitable company and then give it to somebody else then who would blame the owners when they said, Screw You, and shut the company down, taking their profits with them and terminating employment for up to hundreds/thousands of hard working employees who like their jobs? That is what your Socialist BS offers the American worker, NOTHING.

I learned the above in a 7th grade business class. How sad you still have not learned anything other than the Obama BS concept of me having to GIVE my earnings to those who refuse to work.

Dennis

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May 9, 2021 13:12:45   #
thom w Loc: San Jose, CA
 
dennis2146 wrote:
You constantly bring up useless links that I can't help but wonder if anybody looks at. I can honestly tell you I do not. What a waste of somebody's time.

I can tell you though that our country is based upon Capitalism. Someone has a job to perform and hires someone else to do that job at a wage that is acceptable to the worker. This system has been going on since America was founded and has worked perfectly for those hundreds of years.

But now you on the Left Wing Socialist side come forward and tell us that the worker agreeing to do a job for a specified wage is not paid enough IF the owner of the company is making a good profit for himself and for shareholders who expect a profit from investing in the company. You expect the owner of the company to give even more money and benefits than the worker originally agreed to. What a crock of BS from Socialists.

Under Capitalism the wonderful thing is that everyone who works has the ability to start their own company. Even under Trump, the businessman, there are people who started with Trump and later moved on to open their own companies so they too could become wealthier through hard work. This happens in all professions all across America. That is one of the reasons America is a great company, because each of us is in charge of our own destiny, so to speak. But if you Socialists are going to take a profitable company and then give it to somebody else then who would blame the owners when they said, Screw You, and shut the company down, taking their profits with them and terminating employment for up to hundreds/thousands of hard working employees who like their jobs? That is what your Socialist BS offers the American worker, NOTHING.

I learned the above in a 7th grade business class. How sad you still have not learned anything other than the Obama BS concept of me having to GIVE my earnings to those who refuse to work.

Dennis
You constantly bring up useless links that I can't... (show quote)


Interesting that at your advanced age you would refer back to a 7th grade "business" class. In our 7th grade, we focused on reading, writing and arithmetic.

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May 9, 2021 13:12:51   #
trainspotter Loc: Oregon
 
ddetloff wrote:
As long as it's not their money.
We don't need calculators.....we need TELESCOPES!



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May 9, 2021 13:51:41   #
dennis2146 Loc: Eastern Idaho
 
thom w wrote:
Interesting that at your advanced age you would refer back to a 7th grade "business" class. In our 7th grade, we focused on reading, writing and arithmetic.


As did we little princess. just like today we had a number of classes, not just one class where only one thought was presented and that was it for the day. Do not blame me because in my school we learned more than just the simple basics as you did. We had many discussions of unions, Communism and how it limited workers to only what they were supposed to do and squashed new ideas and hard work for the individual.

Let's get serious little thomasina. Don't you, just like me and everyone else, recall back to specific lessons you learned in school? Do you have memories from the third grade, just three years ago, that you still think about and maybe rely on in everyday usage? I know you are just being a kid in trying to once again, belittle me and my comments but the reality is you are completely wrong and it shows. You are acting just like a 6th grader as I say almost every day here. You are an immature little man who cannot think past putting someone down just because you don't have their experience, don't agree with their life experiences and so on.

Your ideas are truly pitiful in nature when you cannot get over somebody knowing and doing more than you have done. You would have been a coward in the law enforcement and corrections field. I can't even see you lasting more than one day in a pod full of the worst of the worst offenders the system had to offer. But because I excelled in that field you feel the need to put me down. Best you just stick to changing light bulbs and let it go at that.

Dennis

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May 9, 2021 15:03:02   #
trainspotter Loc: Oregon
 
dennis2146 wrote:
As did we little princess. just like today we had a number of classes, not just one class where only one thought was presented and that was it for the day. Do not blame me because in my school we learned more than just the simple basics as you did. We had many discussions of unions, Communism and how it limited workers to only what they were supposed to do and squashed new ideas and hard work for the individual.

Let's get serious little thomasina. Don't you, just like me and everyone else, recall back to specific lessons you learned in school? Do you have memories from the third grade, just three years ago, that you still think about and maybe rely on in everyday usage? I know you are just being a kid in trying to once again, belittle me and my comments but the reality is you are completely wrong and it shows. You are acting just like a 6th grader as I say almost every day here. You are an immature little man who cannot think past putting someone down just because you don't have their experience, don't agree with their life experiences and so on.

Your ideas are truly pitiful in nature when you cannot get over somebody knowing and doing more than you have done. You would have been a coward in the law enforcement and corrections field. I can't even see you lasting more than one day in a pod full of the worst of the worst offenders the system had to offer. But because I excelled in that field you feel the need to put me down. Best you just stick to changing light bulbs and let it go at that.

Dennis
As did we little princess. just like today we had... (show quote)


Dilly...Dilly! (I needed a reason to break my BEST bourbon).....CHEERS!

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May 9, 2021 19:07:27   #
dennis2146 Loc: Eastern Idaho
 
trainspotter wrote:
Dilly...Dilly! (I needed a reason to break my BEST bourbon).....CHEERS!


If you have any straight tequila let me know. Be right there. We can drink to the ignorance of the little princess and to his everyday comedy routines. Just think thomasina is a strong representative of the Democratic Party. Nancy Pelosi and Chuck Schumer are wretching at the thought.

Dennis

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May 16, 2021 10:47:47   #
Tomcat5133 Loc: Gladwyne PA
 
Let's be honest. First I know some rich people and they don't work harder then others I know
Our government sold us out with all the money that rained down on them from lobbyists in
Washington. They sold out our industries allowed to move over seas and approving of what
the rich want to do in congress for their support. Where did our steel and hard industries go.
Mitch MicConnell approved a Russian aluminum company in his state. His wife is asian the
daughter of one of the richest shipping companies in the world. They get any approvals
they need from congress. This is not a level playing field. It is set up for the money people.
The richest people I know of you (we have one in our family) are in finance. Look at what
the financial companies did to American's 12 years ago. I lost some of my retirement money.
And now at 74 I am seeing the dark side of that success I had.
The saddest is an article in newspapers that the vegetable pickers in our country
cannot afford vegetables and their expenses on $7.25 an hour. That's why we need
new ideas in our country. We need imaginative ideas. Our current president is talking
about putting more people to work like Roosevelt. Repairing our country on believing
that the envoronment is critical to address right now.
I went to high school in NY. And Roosevelt put others and artist to work their
paintings were all over my school walls. I got involved in the art class and the
school book. Went to art school in NY. And in my late 20's won dozens of awards
in Art Direction in advertising.

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May 16, 2021 10:58:21   #
Canisdirus
 
Socialism isn't a new idea...it's an old and failed one.
Biden is talking about putting folks back to work?
Trump did that already...lowest unemployment in US history.
Personally, I found Trump abrasive...and I met him before he ran for office.
But... he is also incredibly smart and intuitive...soaks it all in like a sponge.

So we voted ourselves out of the frying pan...and into the fire.

If Biden and Co. actually proposed Scandinavian socialism... I would at least listen and study it.
But they propose Venezuelan socialism...and try calling it Scandanavian ...which is as underhanded as it gets.
No thanks.

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May 16, 2021 11:09:02   #
DennyT Loc: Central Missouri woods
 
redlegfrog wrote:
Sad but true, and those pecker heads in Washington D C know exactly what they are doing and they don't care.


Well even that is better than the last administration that had no clue what they were doing .

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