Trump's economy is booming, but so is inequality

LV426 said:
First of all, what fucking jobs?

The ones we're paying half the living wage for anyway?

Walmart employs 1.2 million people; we can very easily put those 1.2M people to work rebuilding our infrastructure, repaving our roads, implementing green energy standards across public buildings and lands, and construct a smart grid that is not vulnerable to foreign hacks by your Russian friends.
Click to expand...

giphy.gif
 
Into the Night said:
Taxes were reduced for everyone, dude.
Click to expand...

What was promised?

Well...

1. Wages would increase by $4,000-$9,000 (THEY DIDN'T)
2. The Tax Cuts would "pay for themselves" (THEY DIDN'T)
3. The market would grow to new heights (IT DIDN'T)
4. Jobs would be "brought back" (THEY WEREN'T)
5. We'd get 3% growth in 2018 (WE DIDN'T)

So before your stupid defense of the pointless tax cuts even gets started, we must first reconcile that every single promise made of the tax cut was not fulfilled and will never be fulfilled.
 
Wolverine said:
Working people should get help
Click to expand...

Yeah, even those who work in Fast Food? What about them? They don't deserve help?

Fuck those welfare farmers. They should lose their farms and die destitute and broke. Fuck them all.

They never sold any of their shit to us anyway...that's why we had to bail them out, because the foreigners who usually buy their shit, won't because of the dumb tariffs they also support.

White. Fucking. Trash.
 
Wolverine said:
Congratulations you win internet idiot of the day and that is a high honor considering who you were up against! Adolph, LV, Center, Bill, Domer, well done!
Click to expand...

You're so fucking stupid, you got conned by a reality TV show host.

(Get used to hearing that for the rest of your short, miserable, pointless life)
 
There is no Trump economy. He has done no economic moves. His tax cut was for the top 1 percent, who did not need it. He cranked the debt up 2 trillion dollars. the right used to care about that. Or said they did. Trump has stood around and watched the economy continue of the same trajectory it was on when he got in office. He has started tariffs which almost every economist will tell you is a bad and dangerous idea. He has hurt some specific industries. He shows he is a simple man and does not understand the complexities of the economic system.
We have to hope the economy is too big for Trump's floundering to hurt it.
 
Gonzomin said:
There is no Trump economy. He has done no economic moves. His tax cut was for the top 1 percent, who did not need it. He cranked the debt up 2 trillion dollars. the right used to care about that. Or said they did. Trump has stood around and watched the economy continue of the same trajectory it was on when he got in office. He has started tariffs which almost every economist will tell you is a bad and dangerous idea. He has hurt some specific industries. He shows he is a simple man and does not understand the complexities of the economic system.
We have to hope the economy is too big for Trump's floundering to hurt it.
Click to expand...

:thinking::laugh:
 
Darth Omar said:
My biggest fear if a Democrat takes office in 2020 is that they will ‘fix’ the economy lol.

Whoever it was that said opportunity is the key to fixing inequality has it right. If people want to be ‘more equal’ with the rich—they should get busy, now is the time to catch up.

Also, ‘inequality’ will never be cured. And if there were only 5 poor people in the whole country democrats would wring an ‘inequality’ message out of it. This economy is booming. If the country votes to change course and ‘fix it’—they’ll get what they deserve.
Click to expand...
tax the rich feed the poor till there are no rich no more.
it's farcical
 
LV426 said:
No, they are not set by price discovery when you have government assistance that corporations and businesses rely on to bridge the gap between what they pay, and what is actually needed to survive.

It has ZERO to do with price discovery, a vague term that you will undoubtedly redefine and wiggle within the parameters later on as your superficial argument gets weaker.
Click to expand...

Price discovery needs no government to function. Since you have admitted that you don't know what it means, let me educate you.

Let's say you make hamburgers as a business. Now, you feel that your hamburgers are the best tasting things out there, so you decide to raise the price to $40 a hamburger.

But there's a McDonalds down the street that sells them for $5. There's a Wendy's on the next block that sells them for $5. The gas station on the corner sells them for $4.

How many hamburgers do you think you are going to sell? You need to know this so you can order the meat, the buns, have them ready for people to buy them, etc.

You can't just ask for any old price. You are in competition with other people selling hamburgers. They have found that people in the area are generally willing to pay about $5 for a hamburger. If they don't care too much about the quality, they'll probably just get it at the gas station for $4.

Same with wages. Your 'product' is yourself. You are competition with everyone else that has your skill set. If someone is willing to do your job for $3, why should anyone pay you $15? You can't just demand any old price.

When a government imposes price controls, it distorts the market. The result is inevitable...shortages. In this case, a business that can't make a profit paying people $15 will not be in business long. This just means the business closes or relocates out of the area, leaving you with no job at all. Profit margins at most restaurants is pretty small as it is.

Rent controls are another form of price controls that fail the same way. There is no reason to buy a $1 million apartment complex if you can't ask for a high enough rent to turn a profit. If you are stuck with such a building, you convert it to condos (if the idiot government allows you to) or you tear the building down to put up something else. The end result is no apartments. Suddenly the housing shortage that probably caused the rent controls has become much more acute.

Price discovery is the way of capitalism. Rents are set by what it takes to own, run, and maintain a property, and is in competition with every other apartment complex owner out there. If your rents are too high, you don't get business. If your rents are too low, you are losing money. Government price controls force the rent to be too low.

Minimum wage laws are no different than rent controls. They are price controls. They never work.
 
LV426 said:
The wage they pay them is supplemented by what taxpayers shell out for their assistance.

So instead of Walmart paying their workers a wage high enough that they don't qualify for benefits, Walmart goes with its hand out to the Federal Government and has taxpayers partially subsidize Walmart's profits.

You think that's "price discovery", and that's why you're a fucking idiot.
Click to expand...

Taxpayers are not funding Walmart.
 
LV426 said:
But they only pay that wage becuase of taxpayers there to pick up the slack.

We subsidize about half of Walmart's profits.

Instead of Walmart paying its workers a living wage, it pays half that wage and taxpayers make up the rest.

That's not "price discovery".
Click to expand...

Taxpayers are not funding Walmart.
 
LV426 said:
My my, look how touchy you got the moment I suggested you don't have an entitlement to own or run a business.

Almost like your entire belief system on this subject hinges on this belief that you're entitled to run a business regardless of how poorly you do so.

Sorry...you don't have that right. Go fuck yourself, loser.
Click to expand...

I have the right to run a business, even poorly. YOU don't to dictate that. You are not the king.
 
LV426 said:
Yes they do.

Walmart benefits with $6B every year from the welfare system.

That's $6B taxpayers shell out for Walmart's workers to make up for Walmart's artificially low wages.

If Walmart paid its workers $6B more, taxpayers would spend $6B less making up the gap.
Click to expand...

Taxpayers do not fund Walmart.
 
You must log in or register to reply here.
Back
Top