Sanders minimum wage, yeah right

Stevo86

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Its not only homeowners but businesses as well. Businesses pay property tax yearly on land, buildings, vehicles, and inventory. It’s disgusting and a huge deterrent to small business. Its a shame a business owner has to pay a yearly tax on things he already owns and needs to operate a business. @RyanScott is clueless.
Correct, we get to rent our buildings, machinery, trucks, etc that we already own free and clear. It sucks ass and is a huge expense.
 

RyanScott

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I currently pay the same rate on vacant land as I do on land with improvements. My land is worth more than my improvements. So why would I agree to a higher rate?

once again, I disagree with taxes in anything I already own. Stop trying to put lipstick on a pig.
It’s basically a wealth tax based on the wealth derived from public improvements and improvements by other landowners near your land.
 

RyanScott

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It’s not a renamed property tax as it’s not a tax on improvements, and I don’t expect I can teach you people anything, as this place has nothing on barfcom when it comes to idiocy.
 

308pirate

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The amount of land is fixed though the value of it may vary. This variance is based primarily on the investment of others, be it nearby owners or the public via the government. So it makes sense to tax it because unlike a consumption tax that discourages economic activity or an income tax that discourages work, a land value tax does not discourage the existence of land.
This is one of the most incredibly stupid things I have ever read. Particularly what's in yellow.
 
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rtB

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Who decides the "value" of the land? Is it all the same? If I put a well on my "land" is my land worth the same as land with no water? My "view" is awesome, is my "land" worth the same as some in a flood zone.

If taxes go down on a piece of "land", do you think the price will go up or down?
 

RyanScott

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The market decides the value. The natural characteristics of the land are incorporated in its original value, but changes in value are created almost entirely by human actions, primarily those of others.
 

cleric

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Yeah so the 52% ratewould be for people who earn 10M or more...

otherwise normal tax rates would apply

the Bigger issue with min wage is what happens with the subsidy cliff which would have to be solved at the same time
 

LawnMM

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They would get bumped back big time.
They already bumped back when Obamacare happened. Same will happen again. If you increase benefits of full time employees by Fiat you'll get nothing but part time work as the result.
 

Lesch

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The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent). The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).
Summary of the Latest Federal Income Tax Data, 2018 Up…
taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/
How dare you throw facts into the mix!
 

M8541Reaper

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Anyone who talks about a minimum wage increase is too late. You could make it $15/hr all you want, but the cost of goods/services would increase before the ink on the law dried. A worker’s paycheck with the new MW wages wouldn’t even be scheduled for direct deposit before they are spending it just on gas, food, and bills. There is zero way to ensure that a MW increase won’t lead to an increase for the rest of the population not working at the MW level.

So if you increase it to $15/hr, will the GS-5 making around $32k get a pay increase to offset their increased burden? How about law enforcement and Firefighters? Most of which get paid dog shit, with many FFs having to work another 1-2 jobs in order to bring home a decent income. Are their salaries going to increase? The small family-owned businesses in towns across America...how are they going to manage to remain staffed and pay the new rate without increasing all of their prices or cutting employees?

It sucks but it’s the reality. It is also straight up bullshit because something definitely has to be done. There’s zero reason a full time MW working American can’t afford to put a roof over its head, go to the hospital when it’s sick, and food on the table in their own home.
 

pmclaine

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Anyone who talks about a minimum wage increase is too late. You could make it $15/hr all you want, but the cost of goods/services would increase before the ink on the law dried. A worker’s paycheck with the new MW wages wouldn’t even be scheduled for direct deposit before they are spending it just on gas, food, and bills. There is zero way to ensure that a MW increase won’t lead to an increase for the rest of the population not working at the MW level.

So if you increase it to $15/hr, will the GS-5 making around $32k get a pay increase to offset their increased burden? How about law enforcement and Firefighters? Most of which get paid dog shit, with many FFs having to work another 1-2 jobs in order to bring home a decent income. Are their salaries going to increase? The small family-owned businesses in towns across America...how are they going to manage to remain staffed and pay the new rate without increasing all of their prices or cutting employees?

It sucks but it’s the reality. It is also straight up bullshit because something definitely has to be done. There’s zero reason a full time MW working American can’t afford to put a roof over its head, go to the hospital when it’s sick, and food on the table in their own home.

Economics operates by the movements of "the invisible hand".

Its like that stupid idea of a guaranteed basic income.

If Mr Yang gives me $1000 for doing nothing what is the value of that $1000? What labor value was exchanged for it? What raw material value was exchanged for it? what in kind product was exchanged for it?

What is it worth?

What will it do to the value of all other earned money?

What price does your next car sell for if the dealership knows everyone basically gets their car payment free from Uncle Sam? Is the dealer going to give you a car that has real utility, material worth and added value from the labor that went into it in exchange for dollars you got just by waking up and breathing oxygen?
 

MadDuner

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OK. And then only landowners are allowed to vote, which is where we started.
If that ended up being the true result - I would be all for it!

Right now, the freeloaders with zero skin in the game get to vote for more free stuff forever. They contribute nothing, but get to vote themselves free stuff.

Who wouldn’t want to follow a billionaire into a gun store and “vote” to have him buy everybody in the group a shiny new rifle? If the billionaire complains, just tell him that he was out-voted, and pay the man at the register....
 
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pmclaine

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If that ended up being the true result - I would be all for it!

Right now, the freeloaders with zero skin in the game get to vote for more free stuff forever. They contribute nothing, but get to vote themselves free stuff.

Who wouldn’t want to follow a billionaire into a gun store and “vote” to have him buy everybody in the group a shiny new rifle? If the billionaire complains, just tell him that he was out-voted, and pay the man at the register....
Democracy is two wolves and a lamb voting what is for dinner.......
 
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Aries256

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mini mike and other billionaires like him will be taxed to pay for EVERYTHING!!

these guys can afford it! that is crazy talk that normal people's taxes will go up ;)
He will probably sneak in a clause that exempts those like him, politicians and holloweird. I have a feeling him and those like him wont pay jack shit.
 

kthomas

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He will probably sneak in a clause that exempts those like him, politicians and holloweird. I have a feeling him and those like him wont pay jack shit.
If politicians are good at one thing, it's making sure that they serve their own best interests and insulating themselves from their own rules.

It's the everyday person that ends up having to pay through the nose.
 

want2learn

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i have no idea how to solve all of this.

all i do know is i can't afford to pay more taxes...we already pay so much it's daunting here in California.

At the same time i have no idea how people survive on minimal wage, housing costs, rents, fuel, taxes are unbelievably high here. so many Americans live in Tijuana and cross the border each day to work, go to school etc.....and they're hard working Americans.
 

RyanScott

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Once you adjust for the cost of living, California has half again the poverty rate of the Next poorest state.
 

DarnYankeeUSMC

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Economics operates by the movements of "the invisible hand".

Its like that stupid idea of a guaranteed basic income.

If Mr Yang gives me $1000 for doing nothing what is the value of that $1000? What labor value was exchanged for it? What raw material value was exchanged for it? what in kind product was exchanged for it?

What is it worth?

What will it do to the value of all other earned money?

What price does your next car sell for if the dealership knows everyone basically gets their car payment free from Uncle Sam? Is the dealer going to give you a car that has real utility, material worth and added value from the labor that went into it in exchange for dollars you got just by waking up and breathing oxygen?
I missed this the other day.
You do know that the government says for every dollar they pay out for welfare it contributes five dollars into society.
I am not shitting you.
 

RyanScott

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You’re right, the gap is narrowing. At its peak 1/4 Californians was living in poverty per the SPM.
 

DarnYankeeUSMC

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i have no idea how to solve all of this.

It's not your problem if people don't take personal responsibility for their lives/actions.
It's not the govts either. I am amazed that the poor managed to survive in this country until the 60's when they passed The Great Society legislation. Now the problem has compounded exponentially.
 

RyanScott

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Poverty is actually a lot lower but the built environment now requires car ownership and that causes its own problems.
 

DarnYankeeUSMC

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I once wondered if people were actually as Stoopid as they come across.
Then I realized that there's no possible way to pretend to be that Stoopid.
So either you have proven that or, yeah well there's no or to that.




Alice Cooper.
 

broncoaz

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i have no idea how to solve all of this.

all i do know is i can't afford to pay more taxes...we already pay so much it's daunting here in California.

At the same time i have no idea how people survive on minimal wage, housing costs, rents, fuel, taxes are unbelievably high here. so many Americans live in Tijuana and cross the border each day to work, go to school etc.....and they're hard working Americans.
Please, stay there and fix your own problems rather then moving to America.
 

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pmclaine

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I missed this the other day.
You do know that the government says for every dollar they pay out for welfare it contributes five dollars into society.
I am not shitting you.
They also think money you put in 401Ks is like a "gift" they are giving to you by post taxing it.

The gov needs a mental mind reset.
 

broncoaz

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They also think money you put in 401Ks is like a "gift" they are giving to you by post taxing it.

The gov needs a mental mind reset.
I changed all my contributions to Roth 401K last year, I don’t see tax rates ever being lower than they are now with the new group of socialists coming up. I’d rather pay 14% now than 30% later. Unfortunately I can’t really afford the pay the conversion taxes right now to convert all of my old 401K to Roth.
 
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Dunraven

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i have no idea how to solve all of this.

all i do know is i can't afford to pay more taxes...we already pay so much it's daunting here in California.

At the same time i have no idea how people survive on minimal wage, housing costs, rents, fuel, taxes are unbelievably high here. so many Americans live in Tijuana and cross the border each day to work, go to school etc.....and they're hard working Americans.
it's an entry-level pay scale for unskilled people. only a small minority of people make minimum wage, most of them part-time workers, many teenagers living at home. don't get sucked in by liberal talking points. btw, government has no business dictating to business what a worker is worth; that's just another element of socialism
 
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pmclaine

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Bernie released his plans for funding all his free shit and it's basically "kill the economy".

Penalties on oil corporations, Penalties on other Fossil Fuels, Taxing Wall Street, Taxing "the rich".
 

Charger442

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Bernie released his plans for funding all his free shit and it's basically "kill the economy".

Penalties on oil corporations, Penalties on other Fossil Fuels, Taxing Wall Street, Taxing "the rich".
on top of the taxing, they are talking some straight communist stuff about prosecuting and jailing oil company executives because of climate change. what a scary proposition that is and the door it would open on anything and everything deemed "undesirable"
 
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pmclaine

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on top of the taxing, they are talking some straight communist stuff about prosecuting and jailing oil company executives because of climate change. what a scary proposition that is and the door it would open on anything and everything deemed "undesirable"

Fucking tyrants....

Why does "Ex Post Facto" get no respect?
 

pmclaine

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You either pay taxes on the money you put in or you pay taxes on the money you take out.
Yeah but the idea is that when you take it out you are at a lower tax rate.

Thing is I don't give a fuck.

It is evil when the government looks at money we earn and actually have access to as Money they have "allowed" us to keep.....a generous gift of sorts that should we bitch about it maybe they will take it all.
 

pmclaine

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Minimum wage laws are the maim driving force behind illegal immigration.

The market sets the minimum wage if you let it.

The govt meddling in the market destroys all else.

Could you imagine how good public education could be if people realized there was no safety net and brains mattered?

We have reached the point of welfare now where its okay to produce morons realizing they are just smart enough to vote for more that holds them back.
 

W54/XM-388

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Could you imagine how good public education could be if people realized there was no safety net and brains mattered?
Imagine what schools would look like if the parents controlled the money and paid to send their kids to whatever school they wanted to send them to and the schools had to compete for students.
 
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pmclaine

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Imagine what schools would look like if the parents controlled the money and paid to send their kids to whatever school they wanted to send them to and the schools had to compete for students.

Id like to avoid what occurs in other countries though......

In some countries it becomes a limit to opportunity if people do not get the proper tickets punched.

I want achievable standards, a basic Western Civilization education, discipline and access for all that will work.

Some other countries have school systems that run on class or they pipeline the student without regard for what the students ultimate goals are.

Suck part in our country is in regards to higher education is that the paper bestows the "license" of "Leader or sage" to people without the qualifications.......in other words there are a lot of stupid Harvard educated people out there but based on their diploma they are given legitimacy......daily we see the failure of this.

That problem and the fact that our school system has been corrupted to be an indoctrination program.