Re: Effects of raising minimum wages in USA

""Peter Bjørn Perlsø"" <peter@xxxxxxxxxxxxxxxx> wrote in message
news:1hhb2su.1wvmyjt1ptxtf6N%peter@xxxxxxxxxxxxxxxxxxx
The Trucker <mikcob@xxxxxxxxxxx> wrote:

"Draccarlaw" <zutalors212@xxxxxxxxx> wrote in message
news:1150913378.855778.45820@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > On CNN.com,
I read the following snip: " Republican critics said the > minimum wage
was a job killer, not the boon to low-wage workers > portrayed by
Democrats. > > "This is a classic debate between two different
philosophies. One > philosophy believes in the marketplace, competition
and > entrepreneurship, and the second is a philosophy that says
government > knows best," said Sen. Johnny Isakson, R-Georgia. He said
France and > Germany have high minimum wages but also high unemployment."

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This is the typical reichtard Republican framing of an issue in such a way
as to "WIN" any debate before it ever begins. Given a choice between a
Stalinist or Maoist form of government and a form of democratic socialism
respecting market forces the majority of the thinking people will, of
course, choose something vaguely called "capitalism" and totally ignore
the true nature of representative government and the blessings it brings.
The Republican statement of the "classic problem" is a lie to begin with
and it will be a lie as the "problem" is debated. The REAL debate is
between true representative government in which the people have voice to
counter the forces of concentrated wealth, and a fascist state where
information and the voting systems are controlled by the current wealthy
and powerful. When we have the REAL debate we find that minimum wage laws
are necessitated by the oligarchic control of the masters of the TwoParty.

Oh dear heavens. We're talking economics here, pal, not religious worker
revival.

What would you call the Republitard framing of the "debate", Sparky.
If that isn't "religious" horsecrap then what is it? He frames a debate
between a centrally planned AUTHORITARIAN economy and a
"free" market as the only alternatives. There are MANY choices
between the two.


I have to admit, that this Sen. Isakson seems to have a point. The
unemployment rate (UR) in Europe is much more than 6%, and their minimum
wage is higher, although I'm not sure where it stands.

Their unemployment compensation is probably greater than our minimum wage
and their health care is free.

there is no such thing as free. The danish marginal tax is 63%, and the
Danish general sales tax is 25%.

So.. What is the actual tax rate paid by the median income earner?
And, BTW, son, I think a SHIFT to 25% tax on transportation fuel
from a tax on wages is a good idea and a more progressive income tax
is a good idea and a cut in FICA tax is a good idea. As a matter of
fact a cut in the FICA tax with NO CHANGE IN BENEFITS NOW
OR IN THE FUTURE is a very good way to increase the minimum
wage without acually increasing the minimum wage.

The German marginal tax rate is 45% and their General Sales Tax is 16%
for luxuries, lower for foodstuffs.

What is median tax?

Compare with the US marginal tax rate of 35% and whateve rthe sales tax
is in your area.

Most Americans do not pay much in income tax. They pay it in FICA
tax and there is no national sales tax. There is an excise tax on
transportation
fuels.

Citiziens in Europe pay for their "free" welfare services by way of a
draconian income tax and tax on consumption.

And they are sane enough recognize the beneficial nature of that decision.

I am unsure as to why anyone would call that a "failed economy". It is
the result of a true representative democracy in which the Greater Good is
served.

And the productive minority is happily crushed underfoot of the Greater
Good. Right.

That is again, an inaccurate framing. I didn't know you were a Republican.


I thought that when economists calculate the unemployment rate, that
they don't take into account certain segments the population. Moreover,
there are certain situations which the UR gauge is not
accurate/informative on. For example, it doesn't state if people are
under-employed.

Here is my question: In your opinion, do you think that raising the
minimum wage would be a benefit/burden to the US economy and US
well-being?

Increasing the minimum wage is a GOOD thing for all Americans other than
the rich.

Take off those blinders.

Mirror time, pal.

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org


.

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