Billionaire Talks About Class War

[Parker]

http://gawker.com/shits-gonna-hit-the-fan-talking-to-a-billionaire-abo-1711464448?utm_source=recirculation&utm_medium=recirculation&utm_campaign=wednesdayAM

[Hypo]

http://gawker.com/shits-gonna-hit-the-fan-talking-to-a-billionaire-abo-1711464448?utm_source=recirculation&utm_medium=recirculation&utm_campaign=wednesdayAM

What an idiot. So one great jump in the minimum wage is all of a sudden going to decrease unemployment? 

It can happen but you would need to progressively and gently phase it in over time, otherwise a lot of businesses on the brink will bust with a bigger wage bill. They'd need to allow the benefits to filter back into the economy.

Australia is toying with the idea of reducing penalty rates for weekend work because businesses close on these days to avoid a loss.

Also, sounds kind of hypocritical saying there will be pitchforks out for billionaires when he is one of them.

[Parker]

What an idiot. So one great jump in the minimum wage is all of a sudden going to decrease unemployment? 

It can happen but you would need to progressively and gently phase it in over time, otherwise a lot of businesses on the brink will bust with a bigger wage bill. They'd need to allow the benefits to filter back into the economy.

Australia is toying with the idea of reducing penalty rates for weekend work because businesses close on these days to avoid a loss.

Also, sounds kind of hypocritical saying there will be pitchforks out for billionaires when he is one of them.

No, not one big jump and all is well. But when you have a huge disparity now...$8.25 USD per hour minimum wage is not that much.
Also, raising the minimum wage to $15 dollars an hour may have a residue effect in getting people off of Social Security Disability. Where people who claim to have knee or back injuries from 5 yrs ago, and use the money for booze and drugs, and junk. They figure that they can get more money (roughly about $700 per check) than actually working. $15 dollars an hour may stimulate more people to want to work instead of going the easier route. Which will then take more burden off of the tax payers

[pissant]

hypo you are straight idiotic. Right now wealth growth is going to those who dont really spend alot. Of course giving 1 billion dollars to a punch of ghetto dwellers will stimulate business more than 1 billion dollars into a few billionaires hands.

Jesus christ do you even have a functioning brain?

[Hypo]

hypo you are straight idiotic. Right now wealth growth is going to those who dont really spend alot. Of course giving 1 billion dollars to a punch of ghetto dwellers will stimulate business more than 1 billion dollars into a few billionaires hands.

Jesus christ do you even have a functioning brain?

Really, dickhead? You think the corner store small business will all of a sudden be flush with cash because minimum wage went up. No. Bigger payroll big will sink businesses before they can see any benefit whatsoever.

PS. What's the price of a Big Mac in these high minimum wage countries? Oh yeah, a little more, isn't it.

I'm not saying it cannot be done or should not be done, but seeing a massive jump in the minimum wage is a stupid idea.

Now run along and go play in traffic, fuckface.

[pissant]

Actually yes poor people spend majority of their income...consumer spending makes up like 70% of gdp.

I employ poor folks. They spend their paycheck every weem. 100% of it. Most don't even have bank accounts.


You obviously are some sort of trailer park inbred who has no functional knowledge of economics.

[Irongrip400]

Hiking the minimum wage to $15 would cause all of my employees to jump ship.

[Bevo]

No, not one big jump and all is well. But when you have a huge disparity now...$8.25 USD per hour minimum wage is not that much.
Also, raising the minimum wage to $15 dollars an hour may have a residue effect in getting people off of Social Security Disability. Where people who claim to have knee or back injuries from 5 yrs ago, and use the money for booze and drugs, and junk. They figure that they can get more money (roughly about $700 per check) than actually working. $15 dollars an hour may stimulate more people to want to work instead of going the easier route. Which will then take more burden off of the tax payers

Blacks and white trash either way will still not work, it's easier for them to keep collecting from the govt

[SOMEPARTS]

What matters more?

A) 20 million more people make $10 per hour than on snap/ebt.

B) the people currently working make $15 instead of current wage.


The problem is demographics. Go ahead and hike to $15 so the .gov can collect a little more tax and keep those ebt cards charged up at slightly less of a deficit. It also keeps deflation away which is a concern of the Fed. But it still doesn't solve the problem. Not enough of age people are active in the work force. Too much outsourcing to China and technological efficiency to have jobs for all these unskilled entry level workers. If you compare the number of people on .gov benefits to the numbers in the soup lines in the Great Depression you might see how it actually is.

[muscularny]

only billionaires can afford picthforks, for us regular folks the maximum we can do is tweet, retweet and like some posts on fb.

[skillz]

They did this in Seattle. Now the workers ask for less hours because they make to much money and will lose their welfare. You can't win.

[TheGrinch]

want to fix all the economic problems in the USA with one stroke of a pen?


SALARY CAP for all Americans


..lesson over..

[Coffeed]

They need to teach money in schools.

Too many people just spend everything they get whenever it comes in. Absolutely no thought given to having a safety net for next month, next year, or when they are of retirement age.

It boils down to not a single person every teaches us this unless our parents did. And that's a small minority.

[Raymondo]

There is a storm coming, Mr Wayne...

[muscularny]

want to fix all the economic problems in the USA with one stroke of a pen?


SALARY CAP for all Americans


..lesson over..

You sound like a real jealous commie.

You solve all problems by forcing all those who have the ability to fend for themselves to fend for themselves, you will be surprised how creative people get when they know that they cannot depend on anyone.

Obviously disabled etc must always be helped 1000%

[SOMEPARTS]

want to fix all the economic problems in the USA with one stroke of a pen?


SALARY CAP for all Americans


..lesson over..

Hahaha. Damn.

Then the smart people and entrepreneurs find a loophole to not make salary. Notice I didn't say rich, because that is not the issue. Legislating successful people into the poorhouse doesn't work. It baffles me how people who want a nanny govt can't understand smart, driven people find a way to make a living outside of govt by any and all means. They just won't have it.

It really is two totally different kinds of people out there.

[FitnessFrenzy]

hypo you are straight idiotic. Right now wealth growth is going to those who dont really spend alot. Of course giving 1 billion dollars to a punch of ghetto dwellers will stimulate business more than 1 billion dollars into a few billionaires hands.

Jesus christ do you even have a functioning brain?

wealth inequality in America is widening, so I would like to see some research sources to back up your claims.

[Parker]

What matters more?

A) 20 million more people make $10 per hour than on snap/ebt.

B) the people currently working make $15 instead of current wage.


The problem is demographics. Go ahead and hike to $15 so the .gov can collect a little more tax and keep those ebt cards charged up at slightly less of a deficit. It also keeps deflation away which is a concern of the Fed. But it still doesn't solve the problem. Not enough of age people are active in the work force. Too much outsourcing to China and technological efficiency to have jobs for all these unskilled entry level workers. If you compare the number of people on .gov benefits to the numbers in the soup lines in the Great Depression you might see how it actually is.

yep.
It's a wonder people didn't see (or should I say "care") what happens when you outsource jobs. We've become a service oriented economy, many of our mainfacturing jobs were sent overseas. So, you have a growing population, who could have had manufacturing jobs in plants.

[bears]

hypo you are straight idiotic. Right now wealth growth is going to those who dont really spend alot. Of course giving 1 billion dollars to a punch of ghetto dwellers will stimulate business more than 1 billion dollars into a few billionaires hands.

Jesus christ do you even have a functioning brain?

so all the people who own businesses and have to cut payroll every 2 weeks are fucking BILIONAIRES???  seriously what in the god damn hell fuck are you talking about?

no they're not billionaires.  the majority are middle class working people who are out there trying to make money on their own. 

and people like you who only watch liberal bullhorns on TV believe that shit.  which is why we get bullshit legislation passed whose burden at the end of the day gets placed squarely on the shoulders of the middle class working people.  because people like you are told by TV that all these employers are fucking billionaires. 

someone please just fucking shoot me.  I give up.

[bears]

They did this in Seattle. Now the workers ask for less hours because they make to much money and will lose their welfare. You can't win.

RIGHT.  because at the end of the day they simply claim that its not enough and that they're in a worse position now than they were before.  wait I thought minimum wage was helping the low earners?

so now we raised minimum wage, the middle class is paying out more money and making less, and to combat the outcry of the people who want more, we raise taxes on the middle class, which buries them even more.  so what do they do?  they decrease hours and cut jobs on those minimum wage jobs. 

like one of the above posters said.  this is something that needs to be more slowly increased over time.  this type of legislation needs to be handled with great care.  because good luck being the politician who has to give it and then take it away.  once you implement this, you can't take it back. 

[The Abdominal Snoman]

[Irongrip400]

They need to teach money in schools.

Too many people just spend everything they get whenever it comes in. Absolutely no thought given to having a safety net for next month, next year, or when they are of retirement age.

It boils down to not a single person every teaches us this unless our parents did. And that's a small minority.

It's called simple math. Money out can't exceed money in. But you're right, some need it spelled out for them, and even then it won't matter.

[Hypo]

RIGHT.  because at the end of the day they simply claim that its not enough and that they're in a worse position now than they were before.  wait I thought minimum wage was helping the low earners?

so now we raised minimum wage, the middle class is paying out more money and making less, and to combat the outcry of the people who want more, we raise taxes on the middle class, which buries them even more.  so what do they do?  they decrease hours and cut jobs on those minimum wage jobs. 

like one of the above posters said.  this is something that needs to be more slowly increased over time.  this type of legislation needs to be handled with great care.  because good luck being the politician who has to give it and then take it away.  once you implement this, you can't take it back. 

Finally, we have someone with a brain.

Our resident John Nash, pissant, who lives up to his gimmick handle, seems to think that all we need to to pay people more in one go and everything will work out smoothly. Employers who have workers on the minimum wage will simply reduce numbers and/or hire illegals at or below cost, which will avoid any tax benefits a "real" worker will be paid.

Pissant seems to be the type of guy who gives to charity while one his poor employees bones his wife.

[Thin Lizzy]

Finally, we have someone with a brain.

Our resident John Nash, pissant, who lives up to his gimmick handle, seems to think that all we need to to pay people more in one go and everything will work out smoothly. Employers who have workers on the minimum wage will simply reduce numbers and/or hire illegals at or below cost, which will avoid any tax benefits a "real" worker will be paid.

Pissant seems to be the type of guy who gives to charity while one his poor employees bones his wife.

Ironically, those most hurt by a high minimum wage are the poor unskilled inner city youths who get priced out of the market. You know, the people liberals supposedly care so much about.

[Voice of Doom]

The minimum wage is fine.  It's the purchasing power of the dollar that's the problem.  The Fed has injected 2.8 TRILLION new dollars since 2008.  All that new currency is now chasing the same amount of produced goods and services...hence it takes MORE currency now to buy things.

It's called inflation and its a criminal enterprise against the people.

"If the average person understood the banking system there would be revolution in the streets tomorrow" - Henry Ford