No, it’s pure greed. CEOs make millions a year. the only exception might be small businesses and start ups, but all capitalists function on greed.
@mriana I’ll avoid making the point that raising the minimum wage actually works to the financial advantage of the “millions a year” business owners and end with this: if you’re so convinced that being a salary-earning business owner is the path to screwing the little guy with the aim of acquiring the private neighborhood house and new BMW and heavy bank account then try it some time.
@bluecord35 the salary for too much. Not even a CEO should earn over a million dollars a year. Yes, the CEO of Hellmart and Amazon get over a million a year. A business owner gets everything left from overhead and paying his employees, thus why s/he refuses to pay more in minimum wage. They want as much as they can get and try to avoid paying workers any more than they absolutely have to pay them. Capitalistic greed.
I understand where you are coming from. My father owned a small business. And if there’s one thing he has taught me, is not to own a small business ?
So just sell your 3rd home in the Bahamas and give your “undocumented’s” a raise (J/K)
Thank you for commenting on a “right wing talking point”
MG is great at baiting. You might say she’s a master at it.
@mriana I also worked for a few small businesses, and was “in” a network of small businesses, so I know how many of the owners bust their ass to keep their thing afloat. Which really supported my previous point about owning a business (and being a landlord/property owner)
However, Your rant is correct about CEOs and the “Too big to fail” types.
However, Your rant is correct about CEOs and the “Too big to fail” types.
Hellmart and Amazon are two of the worst, but I’m sure there are more just as bad. One thing I really do not like is greedy capitalism, especially when they are in government and putting money in politicians pockets so they can get handout. Socialism is great for them, but everyone else must be governed by capitalism. I really don’t like giving my money to greedy businesses, but sadly there just some things you have to bite the bullet and give them your money or you starve or go without medicine or other basic needs.
“I think you’re quibbling to get under my skin in this case and won’t be taking the bait”
Its a pointless post and your claim that the workers being hurt by min wage is unsubstantiated.
All “trickle down” advocates, ask yourself one question;
If the capitalist system is so beneficial to a thriving economy, why are there not more small businesses? The reason is that they cannot ever compete with large businesses and need to be positioned on a favorable rung in the overall tax structure. This is even more critical for individual wage workers.
Currently this ladder is completely upside down. Big businesses enjoy the lowest local and federal tax rates (corporate welfare), small business pays all the medium local and federal tax rates depending on size, individuals pay the highest tax rate on their hourly or weekly earnings, unemployables (individual welfare) still pay local taxes on purchases for living expenses. This may not be readily apparent until you actually look at the relative percentages of income vs financial contribution every economic entity makes to local, state, and federal taxes for government services to the public at large.
Key Facts
a) Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013. b) General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012. c) 288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012. d) Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010. e) U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens. f) U.S. corporations officially hold $2.1 trillion in profits offshore — much of it in tax havens — that have not yet been taxed here.https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-corporate-tax-rates/
Its a pointless post and your claim that the workers being hurt by min wage is unsubstantiated.Other than outright slavery (food and shelter provided by employer), what would you consider a "living wage" for anyone who has to invest 8hr p/day on labor for an employer?
Could you live on a minimum wage of 7.50 p/hr (no health insurance)?
In summary, does your employer have to provide health insurance? Not necessarily. Whether they pay a tax penalty for not offering health insurance depends on their size.https://www.peoplekeep.com/blog/does-my-employer-have-to-provide-health-insurance#
Its a pointless post and your claim that the workers being hurt by min wage is unsubstantiated.
Here’s a good example of a post that doesn’t add to the conversation.
Trickle down does not work. It’s just another way for the rich and large corporations to keep money in their pockets. The trickle down theory is just part of capitalistic greed.
“Here’s a good example of a post that doesn’t add to the conversation.”
Thats what i am saying about your post. Adds no value
“Here’s a good example of a post that doesn’t add to the conversation.” -- LaustenThats what i am saying about your post. Adds no value – missinggirl
You don’t respond to my posts missing. Except when I point out something you are doing that comes close to violating our “no trolling” rule.
“When you’re in any other discussion involving multiple people, does every person specifically mention, by name, the subject of the conversation when offering their views? Or is it taken that, because everyone is assumed to be a thinking adult, their contributions apply to the subject at hand?”
No view was offered for or against min wage.
“Is the stated purpose of this thread to offer a stance on the fed. minimum wage, or a survey asking about such?”
The OP was a counter argument for min wage. The conversation flows from this
Worth listening to. I remember when gas went up to 50 cents a gallon. I was 5 or 6 years old and my grandfather pitched a fit about it.
The greed of the rich and capitalists
No view was offered for or against min wage.I guess the mistake that @bluecord35 made was that he assumed everybody knew wages were tied to finances when he said "squeezed financially in a no-choice situation,"
and that vague reference to “the House passed the Raise the Wage Act, and when you started noticing that there’s less people working the counter.”
yes, I could understand some people missing that.
No view was offered for or against min wage.And that's part of your problem. Not everything is a black and white, for or against, on or off position.
One could offer views of the impact a minimum wage hike could impose. It would be up to you to decide if those consequences outweigh the benefits that you see.
And every person has a unique point of view on the weight of the benefits and consequences.
You cannot argue that there are no consequences. No matter how many empty denials you throw out there.
… unless you’re missing something.
Whats the consequences?
@mrmhead Exactly.
Viewing the subject of the minimum wage level as a for/against proposition is focusing on entirely the wrong thing from the perspective of a business owner.
IOW, the focus is not on the policy’s wealth redistribution intentions (which are noble) but on it’s real world, secondary consequences and the business’s response to those consequences.
When it comes to changes in any economy the famous Sowell quote applies distinctly: “There are no solutions, there are only trade-offs; you try to get the best trade-off you can get, that’s all you can hope for.”
“but on it’s real world, secondary consequences and the business’s response to those consequences.”
No one has qualified or quantified these “consquences” The quote from business owner is silent on how he will be impacted. Thats why its a useless post