Posted on 02/10/2016 6:09:31 PM PST by BenLurkin
Yeah just lime the YUGE cigarette tax was going to bring in billions.......WHAT you mean people are NOW driving to Pennsilvania to get their cigs, and Indian reservations..... HOW can this be????? These idiots NEVER learn!!!!!
Great News!! Let’s raise it to $60 per hour and we’ll raise $20 billion for the economy!!!
And/or create wage-push inflation which ripples up the wage ladder (unions love it since many of their contracts are keyed to the minimum wage), and then through the rest of the economy. Nobody wins for long.
A $30/hr minimum would generate 13 billion in revenue, a $60/hr minimum wage would generate 26 billion in revenue, a $1,000/hour minimum wage would generate ... well, you do the math. Just imagine what a minimum wage of $1,000,000,000/nanosecond would do ? These fiscal matters are solved so easily.
Idiot. Like the typical socialist, he never considers what it will cost the average person.
These guys do the same kind of math that the nitwits who thought people would continue speeding at the same rates after they put up the speed cameras in Chicago. Rahm planned on getting $100 million that way; instead he got only fifty.
I think too many government planners are so insulated from paying for things that they don’t realize price changes change people’s behavior.
Ignorant leftists and the crap they believe. Why don’t they raise it to $50? Imagine all the money it would bring in!
Help a little shy of a million and end up costing I would estimate somewhere in the 200k-300k their jobs. So 200-300k more unemployed so that 900k have a better wage....
There is no doubt increasing wages helps some, but it hurts others, that’s the point. So which is a better overall solution? More folks working for less, or less people working for more? When you are talking entry level work, its very hard to argue that less people working is a good thing, you have to have as many people as possible have the opportunity to enter and grow in the work force... restricting this opportunity will disproportionately hurt those who are the most vulnerable.
Raise the minimum wage, I won’t lose my job over it because I have developed skills and experience and am far past the entry level.. sure I will have to pay more for some things, but I won’t lose my job or access to more opportunities.... But raise the wage, you contract the opportunities available for those who have the least skills and are newest to the job force... This is not looking out for the little guy, its harming them.
“Gosh, why not make it $100 per hour?”
Yes, as the hourly wage approaches infinity, the actual total income approaches zero!
Make my day!
Leftists have dozens of options for sexual self-identification, and there's a rainbow involved. It's safer not to ask.
The unemployed don’t pay any taxes, except for the sales tax on the $20 they’ll pay for a Big Mac under this idea..
“Enjoy your “BIG ASS FRIES””
I think the opposite logic is at work here; low-wage workers would receive less public assistance in return for higher wages (I understand the scheme doesn’t work because jobs evaporate, but I believe this is the idealistic hope). Basically, employers would be footing the bill for part of the “dole” - and the government, even if it can’t collect income taxes from the braceros, certainly will get its cut of SS and Medicare taxes.
You have to understand that this is the same city that pushed the federal government to allow the big banks to pay bonuses after the bailouts because the city and state were reliant on the INCOME TAXES from those bonuses. The morality of it, and the absurdity of paying those bonuses with taxpayer funds, was never mentioned; it was a cold calculated request due to financial reality.
Probably won’t be manufactured in New York, either.
Take $100 from Peter to give it to Paul.
Between the 2 of them, they now have $10 more than they used to have.
It’s called the magic of liberal economics.
Oh yeah most likely China.
LOL! Exactly!
The $6.5 billion would be in the form of Federal unemployment benefits, National Guard expenditures in NYC, and a burgeoning drug and alcohol rehabilitation industry.
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