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People who bitch about LINK cards AND raising the min wage

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pittmike

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:26 pm

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Scorehead shit there are foreign car/motorcycle companies and Harley making shit in this country as we spew crap. Go where they are. You may not love Nebraska now but at $18/hr at that COL you will learn to.

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pittmike

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:27 pm

Joined: Mon May 02, 2011 4:29 pm
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Nas wrote:

pittmike wrote:

I realize the middle is disappearing and that is a huge/main issue. My top and bottom was simply to try to illustrate that no matter what the system the will be rich and not so. You can give the poor $1M today each and it will just make the top 10% zillionaires rather than billionaires.

Right now the top 1% pockets $3.8 trillion and the top 10% pockets $8.7 trillion. Leaving the other 90% to fight over $8.3 trillion. If the top 10% just took 40% instead of 51% that would give the the forgotten 90% another $2 trillion to split up. If they took it back to the level it was the year I was born (1982) it would give the forgotten 90% $3.3 trillion dollars more to split up. I believe 1982 was right as usual.

Nas, once again I already said you made a good point. But no one wants to answer how to fix.

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Hank Scorpio

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:28 pm

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pittmike wrote:

Nas wrote:

pittmike wrote:

Nas, once again I already said you made a good point. But no one wants to answer how to fix.

I don't think anyone knows how. And that's damn scary.

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:29 pm

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pittmike wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Good point there. On the other hand did it help society to close a wage gap or improve things? I will wait for a graph. :wink:

No. Guess what happened? The gap widened

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Last edited by Nas on Thu Sep 04, 2014 7:31 pm, edited 1 time in total.

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:29 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

pittmike wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Good point there. On the other hand did it help society to close a wage gap or improve things? I will wait for a graph. :wink:

No, you're right it cuts both ways. That raise didn't solve much

Although one could argue that was only the beginning of setting things right

But t should put the prices will skyrocket argument to rest I think

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:30 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Hank Scorpio wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Did the raise help anyone? Doesn't seem like it.

Definitely not what was hoped

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pittmike

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:32 pm

Joined: Mon May 02, 2011 4:29 pm
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Another thing many do not know is that none of us is keeping up with real inflation. Even if you make a great living or have a real solid job you are losing. We have all been there the last 10 years. No raise this year then 2.5% the next then none for two then maybe a 5%. You are losing and the CPI they all gear raises to now is BS.

Unless you are unique or skilled enough to job hop every now and then you lose.

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pittmike

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:32 pm

Joined: Mon May 02, 2011 4:29 pm
Posts: 40650
Location: Everywhere
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Nas wrote:

pittmike wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Good point there. On the other hand did it help society to close a wage gap or improve things? I will wait for a graph. :wink:

No. Guess what happened? The gap widened

Exactly

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Baby McNown

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:33 pm

Nas wrote:

pittmike wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Good point there. On the other hand did it help society to close a wage gap or improve things? I will wait for a graph. :wink:

No. Guess what happened? The gap widened

Ben Stein wrote:

Did it work? Anyone? Anyone?

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:33 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Nas wrote:

No. Guess what happened? The gap widened.

It kept widening. The raise didn't contribute to the gap.

Its like saying you dumped a bucket of water on a house fire but it continued to burn

I might suggest more water was needed

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Seacrest

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:33 pm

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Nas wrote:

pittmike wrote:

How much does the top 10% give to charity and philanthropic endeavors?

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:34 pm

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Seacrest wrote:

I wonder how many people in this thread even know what companies their 401K money is invested in.

Companies that support terrorists.

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pittmike

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:34 pm

Joined: Mon May 02, 2011 4:29 pm
Posts: 40650
Location: Everywhere
pizza_Place: giordanos

rogers park bryan wrote:

pittmike wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Good point there. On the other hand did it help society to close a wage gap or improve things? I will wait for a graph. :wink:

We already agreed the last go around at this. Raise it over time to $15 I do not care. Just deal with the problems SHOULD they arise from it.

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:34 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

pittmike wrote:

Nas wrote:

pittmike wrote:

rogers park bryan wrote:

Btw we raised minimum wage from 5.15 to 7.25 from 2007-2009 (about 40%) and prices stayed reasonable

And these same 50$ big mac arguments were made. What happened there?

Good point there. On the other hand did it help society to close a wage gap or improve things? I will wait for a graph. :wink:

No. Guess what happened? The gap widened

Exactly

You believe the rate hike contributed to the gap?

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:36 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Seacrest wrote:

I wonder how many people in this thread even know what companies their 401K money is invested in.

Probably like half.

What's the connection to this thread though? I'm just curious what makes you think of that

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:37 pm

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Seacrest wrote:

Nas wrote:

pittmike wrote:

How much does the top 10% give to charity and philanthropic endeavors?

I'm guessing that it isn't $3.2T annually. I'm guessing the bottom 90's would love if the pie were split up like it was in 1982. I don't believe anyone is calling the top 10% or 1% monsters.

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:38 pm

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RPB the point was increasing the minimum wage does not decrease the income inequality.

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:39 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Nas wrote:

RPB the point was increasing the minimum wage does not decrease the income inequality.

Fair enough, I already conceded that point.

But it came across like you were blaming the increase for the widening

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:42 pm

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If the minimum wage was increased to $100 an hour and the top 10% took 51% of the pie and the bottom 90% got 49% we would still have the same problem we have today. That's why the number doesn't matter. How the pie is divided is what matters.

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:44 pm

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rogers park bryan wrote:

Nas wrote:

RPB the point was increasing the minimum wage does not decrease the income inequality.

Fair enough, I already conceded that point.

But it came across like you were blaming the increase for the widening

Not at all.

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:47 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Nas wrote:

Raising the minimum would force them to give up some pie imo

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:51 pm

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rogers park bryan wrote:

Nas wrote:

Raising the minimum would force them to give up some pie imo

We saw a 40% increase and an economic collapse made them take more. It's literally at an all-time high.

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Hank Scorpio

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 7:56 pm

Joined: Tue Aug 24, 2010 10:16 am
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rogers park bryan wrote:

Nas wrote:

Raising the minimum would force them to give up some pie imo

And that is where we fundamentally disagree. I think that is the goal but that it will just be the same as always.

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Spaulding

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:04 pm

Joined: Thu Jun 22, 2006 6:46 pm
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Whose pie and how much of their pie is the rest of the world entitled to?

Your top 10% earners that "have" half this money pay about 70% of taxes, I think.

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:05 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Nas wrote:

rogers park bryan wrote:

Nas wrote:

Raising the minimum would force them to give up some pie imo

We saw a 40% increase and an economic collapse made them take more. It's literally at an all-time high.

But we still weren't up to cost of living level. We needed a full measure and we went half

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rogers park bryan

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:07 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

Spaulding wrote:

Whose pie and how much of their pie is the rest of the world entitled to?

Your top 10% earners that "have" half this money pay about 70% of taxes, I think.

That's a long argument but I think most would agree you don't want the income gap to be that wide regardless right?

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Nas

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:10 pm

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rogers park bryan wrote:

Spaulding wrote:

Whose pie and how much of their pie is the rest of the world entitled to?

Your top 10% earners that "have" half this money pay about 70% of taxes, I think.

That's a long argument but I think most would agree you don't want the income gap to be that wide regardless right?

I think the bottom 90% would love to make more money even if it meant they paid more in taxes.

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Last edited by Nas on Thu Sep 04, 2014 8:12 pm, edited 1 time in total.

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leashyourkids

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:11 pm

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rogers park bryan wrote:

Spaulding wrote:

Whose pie and how much of their pie is the rest of the world entitled to?

Your top 10% earners that "have" half this money pay about 70% of taxes, I think.

That's a long argument but I think most would agree you don't want the income gap to be that wide regardless right?

One would think.

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Spaulding

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:18 pm

Joined: Thu Jun 22, 2006 6:46 pm
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rogers park bryan wrote:

That's a long argument but I think most would agree you don't want the income gap to be that wide regardless right?

That's the argument you want to have. You want to take somebody's pie and give it to other people. That's what it comes down to is #s if you want to do that. You will also be having a negative effect on "professionals", small business owners and companies, and "inventors". Otherwise it's the system/education/tracks etc that needs to be changed. I'm of the opinion that giving the gov. money to solve a problem doesn't work. There is too much waste already.

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Spaulding

Post subject: Re: People who bitch about LINK cards AND raising the min wa

Posted: Thu Sep 04, 2014 8:20 pm

Joined: Thu Jun 22, 2006 6:46 pm
Posts: 33815
pizza_Place: Gioacchino's

Nas wrote:

I think the bottom 90% would love to make more money even if it meant they paid more in taxes.

So does that 10% and you are giving them no incentive to do so.

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