Re: bush tax cut and small businesses

royls_at_telus.net
Date: 10/03/04 

Date: Sun, 03 Oct 2004 16:37:11 GMT

On Sun, 3 Oct 2004 07:06:17 -0500, "da pickle"
<jcpickels@nospamhotmail.com> wrote:

>"Robert Vienneau" <rvien@see.sig.com> wrote in message
>news:rvien-B69BC0.03145003102004@news.dreamscape.com...
>> In article <MPG.1bc7a6d6b00075b1989701@digital-bear.dyndns.org>, Ben
>> Franklin <bfranklin@hotmail.com> wrote:
>>
>> > In article <415c57ff$0$27688$9a6e19ea@news.newshosting.com>,
>> > anonymous@online-pokerguide.com says...
>> > > God next you fucking morons will tell me raising the minimum wage .25
>> > > cents will put small businesses out of business since it will raise
>> > > their
>> > > yearly expenses by 10,000$ or so... newsflash..
>>
>> > You are really not very intelligent are you? The huge impact of raising
>> > minimum wage is the elimination of entry level jobs which negatively
>> > impacts the very people you claim you are trying to help.
>>
>> 1.0 INTRODUCTION
>>
>> "I was delighted to find in a dictionary the word MUMPSIMUS,
>> which means stubborn persistence in an error that has been
>> exposed."
>> -- Joan Robinson
>>
>> I am afraid "Ben Franklin" has no understanding of economics
>> whatsoever. The supposed "huge impact" he thinks will happen
>> has no basis in theory or in empirical data. David Card and Alan
>> Krueger's work showed the lack of empirical basis.
>
><snip the "stuff">
>
>If you know anything about the arguments for and against the "minimum wage"
>... you would not make such statements, much less attempt to confuse even
>yourself with so many "figures."

I think I can guess who was really confused by the figures...

>There are many arguments "for" and "against" the minimum wage, but there is
>plenty of "basis" in theory and empirical data to support the "against"
>side. (You already know that the Card and Krueger "work" cannot be
>replicated and has been discredited.) For a slightly different view, you
>might review this: (I quote only a small part.)
>
>http://www.house.gov/jec/cost-gov/regs/minimum/against/against.htm

Predictably enough, this silly little bit of propaganda relies almost
exclusively on "papers" from corporate-funded right-wing "think"
tanks. It also claims, ludicrously, that the one (1) more or less
respectable paper cited, about employment in one (1) industry in one
(1) state, "conclusively discredited" Card and Krueger, which is just
an absurd, outrageous lie.

-- Roy L

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