DesideriScuri
Posts: 12225
Joined: 1/18/2012 Status: offline
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ORIGINAL: Zonie63 quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: Zonie63 The tax that I propose would likely do away with the rental business altogether. Everyone would become owners because the prices would go down as to be far more affordable. How do you figure prices would go down? I would think that a vacant property tax which doubles every month would likely be a strong incentive for absentee landlords and investment property owners to sell quickly, which would have the effect of lowering prices across the board. Plus, there would be no more vacant lots or boarded up buildings, since there would be next to no incentive to hold on to an unused or vacant property. It would be a win-win all the way around. The only ones who would lose would be the excessively greedy and those who expect to gain something for nothing. I'm pretty sure the City/County already owns most of downtown's vacant buildings. Ergo, no property tax owed. It's not that people are sitting on the properties and refusing to sell them, either. Keeping a building/lot vacant is still a loss, as property taxes still apply. The government is getting their slice (unless it's owned by government). quote:
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It's necessary, but at lower wages, a business can hire more, can't they? At higher wages, more will be expected of each person hired at that wage. More productivity to offset the higher wages. Higher skilled workers will be hired at the expense of the lower skilled, too. It's going to hurt the least skilled. Possibly, although again, it depends on the job. Some employers will resist hiring anyone who is “overqualified” for a position. This is also true, but it depends on the applicant, the "training costs" and what the employer's belief the new hire will bolt as soon as the Market improves. Business will, generally, find the most skilled labor they can for the wage to fill a position. The greater the wage, though, the more will be expected from the employee. Those who most typically are in minimum wage jobs are working in their first jobs and don't have a lot of work skills yet. quote:
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What business means when they say that "Americans don't want" those jobs, that's not really true. They don't want those jobs at the wages offered. Turning a blind eye to illegal immigration, then, could easily be considered turning a blind eye to low skill workers. Right. But rather than raise the wages, they just sit there and whine about nobody wanting to take their jobs, while going outside the law and expecting the government to turn the blind eye. This is the business mentality at work. When they can’t win according to the rules, they cheat. So, the problem, then, is that government is turning a blind eye. That bothers me more than business whining. quote:
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I don’t see that the minimum wage pacifies anyone’s ego, either. However, one point you raised earlier was in regard to the guy earning $15 per hour and how a minimum wage increase would cause him to demand a comparable wage increase. If that’s a valid position to take, then why shouldn’t a person who is at least doing some measure of work be justified in getting a minimum wage that would give them a better standard of living than those who do no work at all? Therein lies the Catch-22. Seriously. Part of the problem certainly is that being on welfare sometimes pays better than working a minimum wage job, and that's a problem. I think there needs to be a culling of the roles to kick off all those who are choosing to be on welfare rather than work. To be clear, I'm talking about a person has the ability to work and still chooses to be on welfare. And this is where the problem lies. I keep hearing (not just from you) about how these workers are so low-skilled, not very ambitious, possibly lazy or with a poor ethic, but yet, they’re still working – which is still better than those who don’t work at all. So, whatever a family of four on welfare would get in the state that pays the highest – take that figure, add 20%, then divide it to figure out what that would be per hour based on a 40-hour work week. That’s what the minimum wage should be. Heck, if the minimum wage only kept up with the rate of inflation, it should be well over $10 an hour by now. The minimum wage isn't typically earned by someone supporting a family of four. That's part of the problem. Some kid working a summer job between school should get paid wages that would support a family of 4 for showing up and doing low/no skill tasks? Really? quote:
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Well, it’s not as if these businesses were doing anyone any favors or really offering much in the way of “opportunities.” They never cared about the poor or working classes anyway, so it always struck me as rather odd that they suddenly pretend to care whenever there’s talk of raising the minimum wage. What's really odd is when people believe businesses when they tout that. Well, I never believed it, but as you’ve probably gathered, I rarely believe anything that business has to say. My grandfather was a salesman all his life, and the main thing that he always used to tell me was, ”They’re in business to make money!” Everything they say will be motivated by that. Your grandfather was completely correct. I can't see how that's an issue, though. It's when people start telling business they are supposed to be for supporting the poor or working class, that I have issues with. You go buy a toaster, and you're paying for a toaster. You're not paying a company to care for the poor or the working class. You are paying for the toaster. Now, if you choose to only buy products from companies that pay their employees more, and/or provide better benefits, then, that's your money to deal with. And, it's you, the consumer, that is caring about the poor and the working class, not the business. quote:
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Businesses, unless it's their business model, aren't out for the poor or working class. That's not why companies are started. Sam Walton didn't start his business to hire people. He did it to make money. He decided to fill a need, a demand, in the market and make money doing it. He's really wasn't out to fill the need, but to make money by filling the need. Then, when they say that raising the minimum wage will hurt low-skilled workers, why should anyone believe them? They’re just saying that because they don’t want to have to pay higher wages, as it’s all about money for them. I don't listen to business when it comes to those things. Look at the economics of the thing. quote:
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Yup. And, since there is a greater number of people they can hire to fill a position, they don't have to offer as high a wage to draw the talent they're looking for. But as we discussed above (regarding jobs Americans won’t do), we’ve seen that employers will not offer a high wage even if the labor pool is diminished. They’ll just sit there and wait…and wait…and wait…and wonder why no one is applying. Then they’ll whine that American workers are too lazy, unskilled, that immigration policies are too strict, blah, blah, blah. They’ll come up with every excuse in the book rather than face the bleak truth that they might have to come up with a bit more scratch if they want to attract workers. Workers aren’t the only ones with a sense of entitlement. Businesses often exude the same qualities. That's up to the business to decide if they need the position filled, or if it can go vacant. I don't expect business to fill a job with unqualified employees, just because they want it filled. Every time I hear business say they can't find enough qualified talent, I understand it as they can't find enough qualified talent at the wages offered. It, then, is up to business to either make do, or raise wage offerings. quote:
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Why aren't people allowed to agree to work for wages below the minimum wage? I can see how it might be beneficial to introduce a short-term (30-90 day) “training wage” or “probationary wage” which might be lower than minimum wage as a kind of try-out stage. Doesn't answer the question. That’s because the most obvious answer to the question is that it’s against the law to pay less than minimum wage, even if they employee agrees to it. However, the current law has exceptions regarding tipped employees, and there might be other exceptions which might be granted under certain circumstances. I think what you’re really asking is, “Why do we have a minimum wage law at all?” The question asked challenges the reasons for having a minimum wage law. I figured you'd understand that. quote:
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I haven’t heard that name in a long time. I recall that he was actually pretty popular for a long time, but I’m not sure what caused him to crash and burn like that. Another case of “Mr. Smith Goes To Washington,” I guess. I don't think he was "Mr. Smith." He did get elected, and he won re-election campaigns, too. He was also involved in racketeering. Once he was found guilty and jailed, he wasn't quite as popular with the voters. I only have vague memories of it now. I just remember him as a kind of working class, rust belt Democrat during his time. He was a Representative from Youngstown, Ohio. Having family in/from that area, I did get to hear about him. He was an interesting character, at the very least. I still wouldn't put him in the category of a "Mr. Smith." quote:
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Yep. I certainly wish we could find a way to force people to pay attention and really think about the candidates and issues prior to voting. I grew up in a somewhat political family. That is, every family gathering always seemed to turn into a discussion about politics (and oftentimes pretty loud). So, for me, it’s just become second nature. As a citizen, I feel compelled to pay attention to politics and events and try to stay informed on the issues as best I can (although I’ll admit I’m probably not as sharp as I used to be; I’ve mellowed a bit). It’s not just a question of who they vote for or which party, but it’s equally confounding to find so much widespread ignorance on a lot of issues. Especially when it comes to the area of foreign policy and Americans’ woeful lack of knowledge about other nations, their cultures and histories. True story: Many years ago, I was talking with a co-worker who was telling me about a new employee she met the previous day. He was from Ukraine. She never heard of Ukraine and didn’t know where it was, so she called 8 of her friends. Eight! None of them knew or heard anything about Ukraine. I couldn’t believe it. I think Ukraine was one of the "countries" in the board game "Risk." Based on that, I have known where that is for quite some time. lol I won't be one of those people who claim that Democrats are the only ones that have voters who don't have a clue. I know better than that. I find it sad when people won't pay attention and will vote based on sound bites. Personally, I need to pay more attention to local politics. Until I do, though, I will continue to choose to not participate in those elections. quote:
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I'm going to guess that they don't think that. That's not the point, anyway. We have no right to tell a person how much money they can have. And, as long as they are doing it legally (it's pretty tough to change history at this point in time, or am I writing this in the future, so that would be "this point in history"), there isn't much anyone can say about it. Sure, we can whine that they make "enough," but... I don’t think it’s a matter of telling a person how much money they can have. You raise a key point about making money legally, but as a democratic-republican society, the people have some say about the laws in this country. So with all due respect, when you say “there isn’t much anyone can say about it,” I don’t think that’s correct. No, the point is that we are talking about legal activities, not illegal ones. I'm all for prosecuting businesses that are involved in illegal activities. I'm just not one to be for making something illegal when I don't believe it should be illegal. I don't agree with minimum wage laws. I believe they are more harmful than helpful. And, accordingly, I am not in favor of increasing the minimum wage. When you start to question "isn't it enough," you aren't talking about illegal activity. You're talking about legal activities that result in income. Even if the majority of Americans were in favor of limiting anyone's total income to $200k, I would continue to disagree with it, and would support a Constitutional challenge to that law. quote:
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And, for the most part, we agree that they shouldn't be allowed to use their wealth to buy influence in government. Technically speaking, they’re really not allowed, but it still happens nonetheless. Maybe they could have stronger anti-corruption laws with teeth in them to act as a powerful disincentive to these kinds of activities in government. And when I say “teeth,” I mean piranha teeth. Is it that we don't have the laws, or that the laws we do have aren't being applied? If we have "regulators" that aren't watching what they're supposed to be watching, but have every tool necessary to take care of the problem, then it's not about the laws and the teeth, but about application of current laws. If we don't have the laws on the books sufficient to take care of the problem, then that's something we need. quote:
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The "difficult road" means make it for themselves. And, it's difficult. It's, generally, not easy to make yourself rich. It involves hard work and sacrifice. Many people aren't willing to do one or the other, and some aren't willing to do either. It’s also a matter of ability, upbringing, environment, education, as well as a certain amount of cleverness, savvy, and (sometimes) just plain dumb luck. Some might say it also takes toughness, determination, “balls,” and the willingness to play hardball when necessary. It’s a dog-eat-dog world where nice guys finish last. That’s not to say that it’s impossible, but I don’t think it’s really so simple as “hard work and sacrifice.” Fact is, some people will make it, but many won’t. Just like many young people might work hard and sacrifice to become great baseball players, but only a certain number will make the MLB, while some might be stuck in the minors their whole career, and some may not even make their local Little League team. And not everyone wants to be rich, either. Some people are content with what they have, earning a modest living. But, whatever level of income and lifestyle you want, it's up to you to pursue. Sure, there are more stories of guys working, toiling and sacrificing for a sports career, and not making it, than those that make it. And, some have a leg up on others (the Mathews family certainly seemed to have the genetic predisposition). But, it's still your hopes and dreams to define and pursue. If you set the bar lower, you will likely have an easier time reaching it. I worked with a guy that had a goal of making his first million by age 35. He busted his ass and made it by the time he was 33. He had his first heart attack at age 35 because of how hard he pushed himself. It's his life (or death) to make those choices, though. It's not yours. It's not mine. It's his. quote:
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And, what is the cause behind the need for a "wheelbarrow full of money to buy a loaf of bread?" (Hint: Government action of some sort) It’s a drastic, last-resort measure that governments might take. That’s why it might be wiser to take action before it reaches the point of desperation and panic. Last resort? It's usually more due to a long line of mistakes. It's not usual for government to have been doing the proper things before and then get put in the situation where inflating the money supply is the last resort. quote:
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The fail because of a failed business plan. They fail because they don't meet the demands of the consumers. I could make the greatest gadget of all time, but if no one wants it, or no one is willing to pay the price I demand, it doesn't matter how great my gadget is. I can't sell it if there are no consumers willing to buy it. But if the government bails you out, you’d still be in business, wouldn’t you? Of course, if it was the greatest gadget of all time, I can’t imagine you not getting some sales. But, should I be in business if I am not able to bring my gadget to market at a price that people are willing to pay for it (and let's just assume that my profit margin is low)? If I can turn out a hand made bicycle for $5,000, and it's a very well-made bicycle, but no one is willing to spend $5k on a bicycle, should I be in business, or get a bailout to remain in business? Should I be bailed out if my costs continually exceed my sales? I don't think I should. quote:
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There are many reasons. First of all, there has to be a business willing to move into it. The tax code isn't conducive in Toledo. I’ve heard that about here, too. But I would also look to who owns those buildings right now. quote:
There was an uproar when Krogers decided to close it's only store close to the inner city. The screams were that Krogers had a duty to serve the inner city community. Krogers was closing that location because the theft was so high, they weren't as profitable as they needed to be. If they raised prices to recover the stolen income, they would have been accused of gouging, or pricing out the inner city community. Toledo has issues. I think every city has issues, although I know next to nothing about Toledo. I have some relatives in the Cleveland area, and I visited there a few times as a kid. This would have been back in the 70s and 80s, although I think they’ve since tried to fix up the place. I just found it rather skuzzy, and even a bit scary. And I’ve been to some rough cities in my time; but for whatever reason, Cleveland seemed to scare me the most. I don’t know why, since there are cities with much worse reputations. There are similar issues with grocery stores here in AZ, although it seems to be more of a problem in the rural areas than in the cities. There was one town where the state gave subsidies to a grocery store chain in order to keep the only grocery store in the town open. Tucson, though, seems a pretty good market for grocery store chains; a good deal of competition. I imagine they must face some level of theft, but it’s apparently not enough to put them out of business. However, some stores invest in hiring security guards and have surveillance cameras and shoplifting detectors. And, that's their choice. Krogers choice was to close that location. The thing is, it's making Krogers out to be the bad guy, when it's the crime in the community that was the problem. It wasn't that there was more crime at other locations, but they were going to close that location anyway. It was because that location had so much crime, that it wasn't profitable for them to stay. quote:
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Kia and Hyundai seemed to have been successful selling less expensive vehicles. And, both have overcome the bulk of the "low quality" reputation they initially had. But, that's not good for the Big 3, either. That could lead to their failing. Again. One has to wonder what the government response would be if that were to happen. I also have to wonder what goes on inside these companies as well. Aren’t their stockholders up in arms about this? They’re the owners of the company, yet they just seem to put up with bad management leading a failing enterprise. Given the humongous salaries these CEOs earn, why wouldn’t the stockholders demand better for their money? I can't answer that. I'm not a stockholder. I still can't believe how much money some CEO's make. It amazes me. It's not just about how much they make, but how people think that position is worth that much money. I'm good if you think a CEO is worth $5M a year, and has the proof to back that up. I just don't see it. But, again, I'm not a stockholder and I'm not on the committee to determine CEO pay, so, I might not be in the loop as to why the pay is that high. quote:
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Society isn't tossing them aside. "Society" may be pricing them out of the workplace with minimum wage laws. What else can society do? How about not price them out with minimum wage laws? Okay, but if we do that, what happens when the other shoe drops? I’ll expand on this below. quote:
The typical relationship between labor and management is shitty, in the US. Both sides are out for themselves and tend to get greedy. If both sides would actually work towards a win-win solution, things would definitely improve. I suppose my general tendency in life has been to root for the underdog, so my sympathies tend to go with labor over management. Overall, I think most workers just want a fair day’s wage for a fair day’s work; they’re not out to take over the company or overthrow any governments. They just want a bit of consideration from management, who can sometimes be too stubborn and stingy in that regard. quote:
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Well, I suppose there remains a need to be vigilant so that we don’t revert back to the way things used to be. Also, if we’re talking about a global economy, then that works both ways, for both management and labor. There’s a whole big world out there where employee abuse, exploitation, dreadful working conditions, child labor, etc., are still rampant, so there’s quite a bit of work left to do. That's on Unions, isn't it? Or, is that going to be the responsibility of the US Government? At this point, it’s hard to say whose responsibility it will be. Really? It might be the responsibility of the US government to determine what work conditions are outside the US?!? quote:
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The thing is, we disagree on how to end the "business as usual" cycle. I think we also disagree, to an extent, on what "business as usual" means, as far as how it's occurring. I'm very glad, though, that we can discuss this like rational adults. Thank you for that. Yes, same here. This has been an interesting discussion, as always. I don’t think we really disagree on the issue of rights here. I think that we both respect the Constitution and the fundamental principles of individual human rights. You’ve made the point that a wealthy person has the right to keep his/her money, and that we don’t have the right to tell them how much they can have. I don’t really dispute the matter of rights, but I don’t think it really ends there. You asked above about the minimum wage and why can’t an employer and employee agree to a lower wage. Let’s assume that society did that and implemented the principles of laissez-faire economics which you seem to be advocating. I believe that there would be severe consequences to the quality of life and the general socioeconomic conditions in this country which could lead to even greater political instability. It seems to me like it’s a recipe for chaos. All of your arguments might make perfect sense when applied to an accountant’s ledger or an economist’s projections. But real life always seems to be a bit messier than that. Humans are very dynamic and complicated creatures. We should strive towards greater enlightenment for the sake of all humanity, focusing on logic, so we can all live long and prosper. But instead, we just keep wallowing in the muck. I don’t really want to begrudge the wealthy their billions, but let’s face it, they’re touted as the best and the brightest, the movers and shakers in this world. But they seem to want to take us backward instead of forward. In the short term, there would be some chaos, as change usually does produce that. And, there would be some time when business profits rose as they lowered wages offered. But, the presence of higher profits tends to produce competition for those profits. I do believe that the cost of living would drop, not the standard of living. I acknowledge that my arguments and things I support wouldn't immediately result in the end games I believe they would, but that there would be a period of time that would be necessary for the Market to adjust to the change. During that change, things will be messy. Back in the day when the housing bubble was starting to pop, I was all for people holding mortgages to be responsible for those mortgages (except in cases where the lender acted illegally). That would have been messy and ugly and all that. I would most likely have lost my house in it, too. I still think Bush's and Obama's actions in response to the Great Recession were wrong, and did little but kick the can down the road. I think we just added some cards to the house of cards.
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What I support: - A Conservative interpretation of the US Constitution
- Personal Responsibility
- Help for the truly needy
- Limited Government
- Consumption Tax (non-profit charities and food exempt)
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