Red1966
Well-Known Member
Just because you've grown accustomed to it doesn's obligate others to pay for it. You think we should support your crack habit, too?
The positive, economic effect of lowering the minimum wage to $0
- Thread starter Uncle Ben
- Start date
Red1966
Well-Known Member
Schuylaar is relying on the money her ex-husband pays in, not her own. As HE raised their children while she abandoned them to "find herself" and live off the government dole. She's isn't drawing SS anyway, just welfare. So you lose your bet. You owe me a beer...........
londonfog
Well-Known Member
On this we can agree, but you have people who do just that. A pair of LeBron XII Elite iD can run you $320
http://store.nike.com/us/en_us/product/lebron-xii-elite-id/?piid=39824&pbid=279458620#?pbid=279458620
londonfog
Well-Known Member
hmmmm some are the same shoesAs they fly off the shelf.
Looks like a college dorm room. How do these kids afford this?
Red1966
Well-Known Member
Can't run me (or you, I presume) $320. I'll go has high as $29.99 for a GOOD pair of gym shoes, that's it. I've paid as much as $160.00 for a pair of steel-toed work boots, but only because my employer paid $80 of it. No shoe should need four words for a name.
Red1966
Well-Known Member
Student loansAs they fly off the shelf.
Looks like a college dorm room. How do these kids afford this?
Uncle Ben
Well-Known Member
I thought you were a fancy smancy consultant "earning" $100/hr.
Uncle Ben
Well-Known Member
They (we) do. An entrepreneur does not need some fat ass bureaucrat dictating how much his employee's are worth to him. Looks like it's time again to show you how the system works, and sucks. This is the real world, not the RIU world.
BUSINESS OFFER
I'd like to make you a business offer. Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment...
Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal. But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair: to tell you what to do.
Now in return for my rules, I'm going to take roughly half of whatever you make in the business, each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits. You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."
Now... after you've put your hard-earned savings at risk to start this business and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.
Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell out whenever you'd like, because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.
I know... I know... you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business. Oh... and one more thing…
Even after you've sold the business and paid all of my fees... I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth. After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children. All in all, if you're a very successful entrepreneur... if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public... you'll end up paying me more than 75% of your income over your life. Thanks so much. I'm sure you'll think my offer is reasonable and happily partner with me... but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail. That's how civil society is supposed to work, right? That's the offer America gives its entrepreneurs. And the idiots in Washington (and RIU) wonder why there are no new jobs.
Where are you getting this?
SS payment is based on the highest income average over 35 years and your retirement age. The threshold back in the mid 90's was in the 70-80K range, (I'd have to look it up to be exact). My withdrawals for the payroll tax stopped coming out of my paychecks about mid year because I had reached max. contribution by then.
The 118K you're talking about is the threshold for 2015?
Red1966
Well-Known Member
I think it was 35 26 week periods, not years. 35 years would make the basis number even smaller. I got the info from http://ssa.gov/ but closed the particular page that had the $118,500 figure. Ah! Here's one that states it..........http://www.socialsecurity.gov/OACT/COLA/cbb.html
Fogdog
Well-Known Member
Taken without attribution from "Skullduggary", Ted Kraeger, 2010 or was it lifted from Ken Braun? Whatever,
Way to impress, dude!
Fogdog
Well-Known Member
Thanks, Schulyaar,+rep
thank you for doing what i no longer have the strength for..
To tell the truth, I have lost interest interacting with the incredibly dull conservatives that inhabit RIU. So you are doing what I don't have the strength to do. These righties (they aren't really conservative at all) write three invective lines off the top of their head and hit enter. How stupid is that? Sometimes something I read piques my interest and I'll dig around for more information. It does no good, they just rolled right over it as if it wasn't even there. I don't care though, I find reading the repartee amusing but I prefer facts and sometimes have the energy to put them down in writing. At least somebody is reading.
Whatever did a poor person do to those people that they hate them so much?
ODanksta
Well-Known Member
Sorry but this article says nothing at all about Texas, so please explain.texas fail again.
1. when was the last time you really had to wait for food?
2. cash businesses close and re-open with is an EIN/SUI clearing move all the time.
3. rules and regs are in place because of abusive employer practices.
employers are the issue, if you don't believe me, see #2 again..they're tricky little devils
thread over. next?
Rob Roy
Well-Known Member
I think you may have misunderstood my previous post. It was regarding the lunches kids do bring form home being "monitored" by the schools. There have been instances of schools micro managing bag lunch contents.Say what? Kids don't bring their taxpayer funded school lunches home, they never make it past the garbage can. Thanks to the gov. nanny millions of tons of food are thrown away daily by bratty kids who won't eat their healthy serving of baked chicken and broccoli. They want pizza and frito chili pie.
Gov. needs to get out of our lives. Mandating a minimum wage is nothing more than tyranny and a perfect example of how public employees screw with private business. You can't blame a corporation for using a good solution such as out sourcing labor to Mexico, Philipines, and China. It only makes good business sense....to those of us who understand business.
Padawanbater2
Well-Known Member
Explain please
Rob Roy
Well-Known Member
$320 is a little steep. It's amazing how much people will pay to acquire something that raises their self esteem.
Of course there are people that blow thousands of dollars on new cars etc. because they believe the model will buy them an image.
ODanksta
Well-Known Member
Well what do you think of when you think of slavery? I'm not going to say all slave owners were good but surely not all were bad either. Slaves were given food and housing. Try to afford housing and food as a single male. Minimum wage in Texas is like 7.15 or something which is like less then 250 a week for full time after taxes.. Now try to get a apartment for less then 700 after bills you got like a 100 dollars... looks like ramen every night... I am just saying this as a young man having many shitty jobs, working in warehouses with no AC in the texas heat just to make a buck.. then when I went and tried to get food stamps and got denied because I was a single male..
Sounds like slavery to me... sure I could have left and I did.. Now I grow pot for a living.. still broke but hey at least I am broke and proud
Padawanbater2
Well-Known Member
I see, I thought you were one of the ones going in the opposite direction for a moment
Check out this thread: https://www.rollitup.org/t/do-you-believe-americans-who-work-full-time-should-earn-a-living-wage.869813/
Feel free to cast a vote if you don't mind
The fight for a living wage is front and center this election. LA just voted on $15/hour minimum wage (2nd largest city in the country), so that makes a statement. I'm 100% with you that the minimum wage is simply not enough to survive on basic necessities. Opponents want to bitch that it's too much, let em bitch about the price of rent, the price of milk or eggs. The middle class has been fucked for too long, this is our time to take what we're owed and profess the justification for it. CEO's and shareholders walk away with the product of our labor. This is unacceptable. Something needs to change, and if nothing changes voluntarily, something will change by force. See the French Revolution. I just read an excerpt from one of my history books that almost exactly mirrors the current USA landscape, and it didn't really work out too well for Louis XVI..
So the next couple decades should be very interesting in American politics
UncleBuck
Well-Known Member
it's not even in effect yet.