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  1. #91 | Top
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    Quote Originally Posted by Stone View Post
    If you are correct that is an even worse scenario than the one I laid out in my post. I had everybody staying in neutral at least . You have us going in reverse. Hope not but you are probably right...
    Look at history at every time prices controls have been attempted:

    The 'gas crisis' of the mid 70's is a direct result of price controls imposed by Pres. Carter. Gas stations were being required to sell gasoline for less than what they paid for it. So they sat on it (duh). The result was a shortage of gasoline and long lines.

    Minimum wage laws are price controls. Each time they've been set at levels higher than market prices, employers have simply laid off people and done with less, usually resorting to automation to keep production up. In other words, a shortage of unskilled labor jobs. This of course creates a glut in unskilled workers, further depressing market prices (wages) that would naturally occur. So...more people on various welfare programs. Programs that are paid for by taking wealth from productive people and giving it to unproductive people (socialism), and the government taking a nice fat cut off the top in the process.

    Price controls on apartment rentals, causing landlords to convert the property to non-apartment use, causing a shortage of apartments.

    Price controls on college tuition, making them even more expensive then ever before and paid for by taxpayers, and producing graduates with useless degrees. A shortage of education.

    Price controls on medical insurance (ObamaCare), causing massive costs in government and a shortage of useful policies, resulting in much higher prices for those policies.

    Price controls on used cars (Obama's Cash for Clunkers program), resulting in massive costs in government and a shortage of viable used cars and parts for them.

    Price controls on wind generators and solar power panels through government subsidies, and higher prices imposed on coal, oil, and natural gas products resulting in insufficient energy resources (such as in the SOTC), fraud, and high costs of energy. In other words, an energy shortage.

    Price controls on the cost of money itself (The Federal Reserve) resulting in low returns on savings (negative, in most cases due to inflation also caused by the Federal Reserve and Congress), loss in the value of the dollar, a distorted loan market where businesses borrow what turns out to be insufficient funds to complete a project, due to inflation, or the the inability to access funds, even when people are saving. in other words, a loan shortage or a cash shortage, or inflation (a wealth shortage).

    In 1910, the price of an ounce of gold was $20. Today it is approx. $1730 per ounce. The price of other commodities has gone up correspondingly as well. Remember when a candy bar cost only ten cents and gas was only 0.25/gallon?


    We ARE going backwards.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
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    "no slavery is forcing another into labor" -archives
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    gfm7175 (02-26-2021), Stone (02-26-2021)

  3. #92 | Top
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    Quote Originally Posted by Darth Omar View Post
    Biden has...

    -Pissed off his union donors by killing Keystone

    -pissed off soccer moms with the transgender madness [their daughter’s sports scholarship might go to a biological dude]

    -failed to deliver on the $2000 relief promise

    -bombed Syria

    -promised to send free face diapers to everyone as part of his Covid response
    ______

    That’s what you call getting off to a blazing crawl. Are there any Biden supporters who are with their vote happy so far?
    HAS THRILLED RED CHINA, RUSSIA, IRAN WITH HIS "FUCK AMERICA FIRST" PLATFORM....
    TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..


    De Oppresso Liber

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    Quote Originally Posted by Jack View Post
    Rejoined Paris Accord.
    Finally, a little sanity.
    ... and what is THAT accomplishing?

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    Quote Originally Posted by Jack View Post
    Republicans have returned to their former glory of being 'The Party of No'.
    ... and what were the Democrats throughout Trump's tenure? The Party of "HELL YES!!"?????

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    Quote Originally Posted by gfm7175 View Post
    ... and what is THAT accomplishing?
    It's an acknowledgement that 'Climate Change' is real, rather than calling it a 'Chinese Hoax', which just means you ignore it ... and maybe it will go away.

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    Quote Originally Posted by gfm7175 View Post
    ... and what were the Democrats throughout Trump's tenure? The Party of "HELL YES!!"?????
    Dear fucking idiot


    The grim reaper was the ultimate NO man


    Under trump he refused to take up anything the house did


    He crippled our government idiot


    Fuck you very much

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    Jack (02-26-2021)

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    Quote Originally Posted by evince View Post
    Dear fucking idiot


    The grim reaper was the ultimate NO man


    Under trump he refused to take up anything the house did


    He crippled our government idiot


    Fuck you very much
    Yeah. Don't forget Moscow Mitch. Good Call, Evince.

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  12. #99 | Top
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    Quote Originally Posted by Darth Omar View Post
    To be fair, retirees are known to take jobs in that wage category just to get out of the wife’s hair lol.

    But they aren’t trying to support a family on it.
    I would assume that retirees would also wish to not earn too much money, as I assume that would harm their social security benefits.

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    Quote Originally Posted by Jack View Post
    It's an acknowledgement that 'Climate Change' is real, rather than calling it a 'Chinese Hoax', which just means you ignore it ... and maybe it will go away.
    NO, IT'S "ACCOMPLISHING" NEGATIVE PRESSURE ON OUR ECONOMY, AND A FREE PASS FOR THE WORLD'S WORST POLLUTERS, CHINA AND INDIA.


    TYPICAL "FUCK AMERICANS FIRST" MORON-O-CRAT IDIOCY.
    TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..


    De Oppresso Liber

  14. #101 | Top
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    Quote Originally Posted by Wolverine View Post
    Right the accord which makes the worst polluters(China) do nothing until 2026, while crippling our economy!
    2025 rolls around: Okay China, you can wait until 2030 now...

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    Compare and contrast:

    Then:

     



    Now:

     

  17. #103 | Top
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    Quote Originally Posted by gfm7175 View Post
    2025 rolls around: Okay China, you can wait until 2030 now...
    And there's not a fucking thing anyone can do about it.

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    Quote Originally Posted by Darth Omar View Post
    Polls lol.

    Regardless, $15/hour minimum wage will lead to workers working fewer hours; even more small businesses lost, like we can stand that; and an increase in automation.

    Like so many progressive ideas it looks good on paper, but yeah.
    Indeed. There are many ways in which a company (let's say a small business that, in part, employs six basic laborers who earn $10/hr) could react to such a price control, and none of them are good.

    One such option is that the company eliminates the position, since they can't afford to raise their labor expense from $4,800/payroll to $7,200/payroll (which amounts to a whopping $62,400/yr INCREASE in their labor expense). This elimination of basic laborers might result in added automation (if it costs less than the labor expense increase), or it might simply result in a shift of those responsibilities onto the team of "intermediate laborers" who were already getting paid $16/hr. Heck, it might even result in the business going completely belly up due to not being able to turn an adequate (if any) profit on their products/services anymore.

    --- At best, this situation results in the six basic laborers now making $0/hr instead of $10/hr. At worst, this results in the whole company's workforce making $0/hr, as the company no longer exists.

    Another such option is that the company instead reduces the hours of that position (making it a part time position instead of a full time one)? In order to keep the labor expense for those workers at $4,800/payroll, the company would have to reduce those six employees' hours down to 53.33hrs/payroll (or 26.67hrs/week)

    --- At best, those six basic laborers have now just lost their health insurance / 401k / etc benefits because they are no longer "full time" employees...


    Price controls simply do not work. They lead to shortages.

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  20. #105 | Top
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    36 days and Biden is still our president.


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