@schmoborama - Making $200/mo with a $400 rent is bad, but making $0 is worse. If the value of labor to an employer is $5, but the minimum wage is $7.25, he will not hire anyone. Both sides lose. The potential employee loses both the $5 an hour, and the opportunity to make more as his skill increases his value to his current or future employer. But it makes you feel better to have a high minimum wage, and you think your helping. Calling me "greedy" makes you feel good. But you are hurting people
@schmoborama - I love how you take facts you don't like and just ignore them. It suits you.
Poverty rates DON'T always fluctuate. As societies evolve, they get wealthier, and poverty rates drop. There was no "war on poverty" in the 1100 AD. Everyone was poor. By today's standard, poverty was 100%. It was 85% in 1820, and has been dropping worldwide ever since. It's a function of the prosperity that the free market provides, that capital equipment provides.
@schmoborama - When did I say that banks should be able to lend more than they had? It was the government that allowed them to do that. That's a function of taking us OFF of the gold standard, and insuring bank accounts. You completely ignore the role the banks have in writing the regulation, and the way they use that regulation to protect them from suffering losses and protect themselves from competition. If account holders could walk up to the bank and demand their gold, the problem is solved.
@schmoborama - Let's just say they are exaggerated (they aren't, but I'll humor you), what if it was only half that. That $57 trillion. That's still unsustainable.
You think food companies and the airlines have less incentive and expertise to keep their products safe than a bureaucrat does? Gov't inspectors check food by looking at it, food companies check it with microscopes. Radiating food would make it much safer, but that has been made illegal.
Oh you're full of shit. Poverty rates will always fluctuate, so when it goes down you use it as an excuse.
Doing NOTHING about poverty has been TRIED since the BEGINNING of HISTORY. And guess what? It's NEVER SOLVED IT. Welfare hasn't turned the poor into greedy fucks like you, that doesn't mean it hasn't worked.
"The minimum wage hurts the poor"
Yea right and making $200/mo. with rent of $400 wouldn't hurt at all.
@schmoborama - You idiot. They are fucking us now. Social Security and Medicare are underfunded by $114 TRILLION. The baby boomers are retiring. It can't last.
We don't need the state to "protect us" from anybody. We need to be protected from their vote-buying schemes that don't work.It would be one thing if they were bankrupting us with programs that worked, but they don't. And you love them. Do you work for the gov't, or are you getting a check on Tuesday?
The wrong people are always in office
sendyoshit 2 months ago
Walter Williams is a hero...
governmentdidit 2 months ago 2
@schmoborama - Making $200/mo with a $400 rent is bad, but making $0 is worse. If the value of labor to an employer is $5, but the minimum wage is $7.25, he will not hire anyone. Both sides lose. The potential employee loses both the $5 an hour, and the opportunity to make more as his skill increases his value to his current or future employer. But it makes you feel better to have a high minimum wage, and you think your helping. Calling me "greedy" makes you feel good. But you are hurting people
mpc91 2 months ago
@schmoborama - I love how you take facts you don't like and just ignore them. It suits you.
Poverty rates DON'T always fluctuate. As societies evolve, they get wealthier, and poverty rates drop. There was no "war on poverty" in the 1100 AD. Everyone was poor. By today's standard, poverty was 100%. It was 85% in 1820, and has been dropping worldwide ever since. It's a function of the prosperity that the free market provides, that capital equipment provides.
mpc91 2 months ago
@schmoborama - When did I say that banks should be able to lend more than they had? It was the government that allowed them to do that. That's a function of taking us OFF of the gold standard, and insuring bank accounts. You completely ignore the role the banks have in writing the regulation, and the way they use that regulation to protect them from suffering losses and protect themselves from competition. If account holders could walk up to the bank and demand their gold, the problem is solved.
mpc91 2 months ago
@schmoborama - Let's just say they are exaggerated (they aren't, but I'll humor you), what if it was only half that. That $57 trillion. That's still unsustainable.
You think food companies and the airlines have less incentive and expertise to keep their products safe than a bureaucrat does? Gov't inspectors check food by looking at it, food companies check it with microscopes. Radiating food would make it much safer, but that has been made illegal.
mpc91 2 months ago
@mpc91
"underfunded by $114 TRILLION"
pffft BULLSHIT. That's your rightwing greedy-fuck buddies' exaggeration of every possible cost. The programs are set to LEVEL OFF after 2030.
"We don't need the state to "protect us" from anybody"
I would fucking LOVE IT if all you rightwing-nuts were given unregulated food and flew on unregulated planes. It would solve ALL the nation's poblems.
schmoborama 2 months ago
@mpc91
"poverty rate in this country was declining"
Oh you're full of shit. Poverty rates will always fluctuate, so when it goes down you use it as an excuse.
Doing NOTHING about poverty has been TRIED since the BEGINNING of HISTORY. And guess what? It's NEVER SOLVED IT. Welfare hasn't turned the poor into greedy fucks like you, that doesn't mean it hasn't worked.
"The minimum wage hurts the poor"
Yea right and making $200/mo. with rent of $400 wouldn't hurt at all.
schmoborama 2 months ago
Rangel has no idea what Williams is talking about.
peitsch517 3 months ago
@schmoborama - You idiot. They are fucking us now. Social Security and Medicare are underfunded by $114 TRILLION. The baby boomers are retiring. It can't last.
We don't need the state to "protect us" from anybody. We need to be protected from their vote-buying schemes that don't work.It would be one thing if they were bankrupting us with programs that worked, but they don't. And you love them. Do you work for the gov't, or are you getting a check on Tuesday?
mpc91 3 months ago