Dan Kone
Well-Known Member
Is there something in that book that will make me change my mind and decide it's ok to live in a two class society where everyone is either extremely wealthy or dirt poor? Seems unlikely.
Is there something in that book that will make me change my mind and decide it's ok to live in a two class society where everyone is either extremely wealthy or dirt poor? Seems unlikely.
He only will take $39,000 salary as President.Not as a serious presidential candidate, no. He's never been in the big leagues. When he has been offered oil lobbyist PAC money, he's taken it. We'll see what happens if he starts to get offered real money from corporations. I've yet to hear of a single case of any politician declining lobbyist PAC money.
It is a good book. It opened my friend's mind.Is there something in that book that will make me change my mind and decide it's ok to live in a two class society where everyone is either extremely wealthy or dirt poor? Seems unlikely.
The latter argument isn't even an argument as correlation =/= causation (And I seriously hope that you are not using logical fallacies like the above to justify your positions in your head). There is a highly inflationary environment at the moment.Willyßagseed;6782586 said:There's no legitimate argument against minimum wage when there is a 450 to 1 ratio of CEO to entry level worker pay. As long as there is compensation levels at upper management that overrun the lower compensation levels at the bottom the "lower wages" argument is false.
All of these Austrian School arguments are nothing more than dog whistle speak for legalized indentured servitude. One of the most profitable times for the USA (at least for the elite) was during slavery.......... and free labour... all these arguments are nill and void with the pay rates being taken at the top. Less for the working poor does not equal lower cost of items , it equals even more pay taken at the top /profits.
This is just like the arguments about lower taxes and cost will go down...... just like the cost went down this last summer when taxes on flights lapsed and the airlines lowered the rate accordingly..... not
Must have been what happened to American Airlines...Too much profit eh?Willyßagseed;6782917 said:The airlines are just the most recent 100% proof, that lowering taxes does not in fact lower cost. In this case as in many others it just raises the profit margin.
Oh man, yep you are right, American filed for Chapter 11 Bankruptcy because Alec Baldwin wouldn't shut off his phone.Willyßagseed;6783027 said:didn't Alec Baldwin happen to AA ?
I never disagreed with the fact that the minimum wage was inflationary. I disagreed with the idea that the only thing minimum wage does is raise inflation. Maybe you actually don't have a strong grasp of what I posted. Good day sir.Dan, I am studying economics and have been for years (working towards my PhD). I would suggest you actually dont have a strong grasp of many basic financial concepts judging from your arguments here. Minimum wage is inflationary, that is a fact. Anyway, you need to do a lot more reading before we have further discussion that is not going to devolve into something completely useless and divisionary. Good day sir.
The cost of keeping all Union personnel might have something to do with it, A poor management team might have something to do with it, Alec Baldwin had no effect.Willyßagseed;6783067 said:Didn't they file due to fuel cost and lower passenger rates? Guess the extra $$ they decided not to pass on, earned from a tax lapse wasn't enough.
So, not only does lowering taxes not lower the cost to the customer, you are saying lowering taxes won't help the bottom line for a company? =)
So, according to them, fuel costs and low passenger rates had NOTHING to do with it.The company says labor contract rules force it to spend many millions of dollars more on operations than other airlines.
You didn't never disagreed? Is that like a trick statement of triple negativity?I didn't never disagreed with the fact that the minimum wage was inflationary. I disagreed with the idea that the only thing minimum wage does is raise inflation. Maybe you actually don't have a strong grasp of what I posted. Good day sir.
If you've studied economics as you claim, you know that it's also a fact that a higher minimum wage increases all low skill labor wages.
Congrats. You found a typo on the internet. Well done.You didn't never disagreed? Is that like a trick statement of triple negativity?
A typo is a misplaced letter, whole words aren't typos. Maybe it was a mistake? How am I to know?Congrats. You found a typo on the internet. Well done.
Seriously? After all that's been going on all over the nation with union busting and attacks on the middle class and you don't know why they don't touch upper management?Willyßagseed;6783174 said:I would like to know why they don't start with the board, CEO and upper management wages first then move on to the unions.