I did: The claim is bullshit because it computes meaningless numbers ["hourly wage"] for a meaningless group of people ["all workers"].
The NELP paper is misusing that number in its own analysis, by multiplying by the nominal number of work hours to arrive at an annual full time income and then reasoning about that.
Furthermore, if the number meant what the NELP paper implies it means, it completely contradicts their argument for raising the minimum wage to $15/h: if in some sense "40% of workers" already make that much money, then $15/h is a solid, middle-class income, not a sign of poverty.
If you think the number has meaning, why don't you clearly state what that meaning is.
No matter how you slice it, rationalize it and just straight-up bullshit about it, more than 40% of the people who are working are working for less than $15/hr.
then $15/h is a solid, middle-class income, not a sign of poverty.
What part of "40% of the workers make less than $15/hr" do you not get? The "less than" part is kind of important.
The current minimum wage is less than half of your "solid, middle-class income" of $15/hr. And if you add up the incomes of everyone making minimum wage in America it comes to a little more than half as much as the bonuses that get paid out to Wall Street bankers in one year. And we're talking about full-time minimum wage workers ($7.25/hr). And by "Wall Street", they don't include investment bankers in Chicago, San Francisco, Dallas, etc etc. We're only talking about the swells that do their business on a few square blocks on Manhattan island. And we're not talking about their entire incomes, but just the bonuses. So they find more money in their Christmas fucking stockings than all the full-time minimum wage workers in the United States put together. And don't forget, Wall Street bankers don't produce a goddamned thing.
And we need to keep in mind that the fundamental characteristics of these countries is not that they happen to have socialist policies, but rather that they have capitalism, rule of law, and democracy. The combination of those three pretty much guarantees that they'll have comfortable and to some degree, affordable socialist policies.
Did I just get khallow to endorse some level of socialism? Please wait a second while I skypoint for a bit...
Unfortunately for those European Socialist countries since the EU was formed, the new late-stage capitalism financial aristocracy is using disaster capitalism to create all sorts of havoc. I don't know if they're taking after us, or we're taking after them.
You still have not provided a single bit of evidence that the statement "Over 40% of US workers make less than $15/hr". This was a statement you said was so ridiculous as to be laughable, so put up or shut up.
*rolls eyes* WWII ended 70 years ago; Stalin's gone, Putin's here. Do you have an actual point to make or are you just farming karma from the Europeans?
Yes, so where do you get this "Pax Americana" baloney? The Cold War? Please.
That statement, while probably true, entirely misses the point.
Since I was responding to the guy who claimed the effective US corporate income tax rate was over 50%, I'd say it's exactly on point.
Now we have a situation where the US receives zero tax from multinationals instead of 13%. If the US had lowered its corporate income tax rates, perhaps the US would actually be receiving 13% from those multinationals instead of 0.
I guarantee, if we were collecting 13% from multinationals, the line out of the American Enterprise Institute would be, "This is unacceptable! We need to make the tax rate 0% on corporations so we can be just like Bonaire, Sint Eustatius, and Saba, where rich people are left alone and colored people serve them drinks!"
Here are some countries that have 0% corporate income tax: Bahamas Bahrain Bermuda Bonaire, Saint Eustatius and Saba Cayman Islands Guernsey Isle of Man Jersey Vanuatu
You know what they all have in common? You or I can't live there unless we win the lottery, and the only jobs in those countries are hotel maid and lickspittle.
You just backed into my main point. Capitalism exists quite comfortably in socialist countries. They're not mutually exclusive. In fact, they can work quite nicely together in the same civil society.
You need to add capital gains and corporate taxes if you want to know how much the US government actually gets from every dollar earned by a corporation:
That claim is such utter bullshit that it isn't even worth for a citation. Use your head, man. I mean, how utterly ignorant can you be?
Yes, it's worth a citation. In fact, I have a couple for you. Here's a Fortune Magazine article that shows my claim is true. There's even a nifty graph for you to look at and not understand.
I've been to Soviet Russia (Stalingrad (now St. Petersberg)) and lived in it personally, first hand.` Have you?
I've been to, and lived in, and have worked in Britain, Finland and France. Have you? Hell, I was even there long enough to have experienced their health care system after I got a wisdom tooth removed in Helsinki. Cost me $25 (which the dentist wouldn't take because he said it had been a pleasure to practice English with me).
So, if you want to talk about "socialism" with me, you can bring your "Soviet Russia" to the parks and see if the squirrels want it, because nobody's buying here. My experience with socialism is a whole hell of a lot more germane than your "Soviet Russia".
And yes, I have been to St Petersberg. In fact, I've got a picture of my wife and I in front of The Hermitage right over my left (your right) shoulder. It was taken on an August day six years ago. My wife was there for a Mathematics conference and I was her plus one.
First, forget about pensions; 401k plans are much better and have replaced them for most workers.
Fewer than 15% of everyone with a 401k plan will have enough to retire by the time they turn 70.
The 401k plan will go down as one of the greatest scams, and one of the greatest schemes to redistribute money upward, in the history of human economics.
You know how the Chinese government is forcing people to buy and hold stocks in order to try to shore up their crashing stock market? Well that's exactly what the entire 401k statute was for. Conservatives like to say that Social Security and worker pensions were a "Ponzi scheme". Well, 401k is a Ponzi scheme on steroids.
The fact that "corporate profits" are a higher percentage of GDP, a prioriy, only means that more private businesses are organized as corporations, hardly a big problem.
More than forty percent of all workers in the US are making less than $15/hr.
The claim that "the statutory top corporate tax rate in the United States is 35 percent" is a half-truth, because the effective corporate tax rate in the US is actually closer to 50%, one of the highest in the world.
That is some happy American Enterprise Institute horseshit. The real, effective corporate tax rate in the US is less than 13%:
Slashdot Mirror
No matter how you slice it, rationalize it and just straight-up bullshit about it, more than 40% of the people who are working are working for less than $15/hr.
What part of "40% of the workers make less than $15/hr" do you not get? The "less than" part is kind of important.
The current minimum wage is less than half of your "solid, middle-class income" of $15/hr. And if you add up the incomes of everyone making minimum wage in America it comes to a little more than half as much as the bonuses that get paid out to Wall Street bankers in one year. And we're talking about full-time minimum wage workers ($7.25/hr). And by "Wall Street", they don't include investment bankers in Chicago, San Francisco, Dallas, etc etc. We're only talking about the swells that do their business on a few square blocks on Manhattan island. And we're not talking about their entire incomes, but just the bonuses. So they find more money in their Christmas fucking stockings than all the full-time minimum wage workers in the United States put together. And don't forget, Wall Street bankers don't produce a goddamned thing.
http://www.businessinsider.com...
Did I just get khallow to endorse some level of socialism? Please wait a second while I skypoint for a bit...
Unfortunately for those European Socialist countries since the EU was formed, the new late-stage capitalism financial aristocracy is using disaster capitalism to create all sorts of havoc. I don't know if they're taking after us, or we're taking after them.
You still have not provided a single bit of evidence that the statement "Over 40% of US workers make less than $15/hr". This was a statement you said was so ridiculous as to be laughable, so put up or shut up.
Yes, so where do you get this "Pax Americana" baloney? The Cold War? Please.
Since I was responding to the guy who claimed the effective US corporate income tax rate was over 50%, I'd say it's exactly on point.
I guarantee, if we were collecting 13% from multinationals, the line out of the American Enterprise Institute would be, "This is unacceptable! We need to make the tax rate 0% on corporations so we can be just like Bonaire, Sint Eustatius, and Saba, where rich people are left alone and colored people serve them drinks!"
Here are some countries that have 0% corporate income tax:
Bahamas
Bahrain
Bermuda
Bonaire, Saint Eustatius and Saba
Cayman Islands
Guernsey
Isle of Man
Jersey
Vanuatu
You know what they all have in common? You or I can't live there unless we win the lottery, and the only jobs in those countries are hotel maid and lickspittle.
You just backed into my main point. Capitalism exists quite comfortably in socialist countries. They're not mutually exclusive. In fact, they can work quite nicely together in the same civil society.
I thought you objected to politically-motivated reports.
Says the guy who just cited tax foundation dot org.
Yes, it's worth a citation. In fact, I have a couple for you. Here's a Fortune Magazine article that shows my claim is true. There's even a nifty graph for you to look at and not understand.
http://fortune.com/2015/04/13/...
https://fortunedotcom.files.wo...
http://nelp.org/publication/gr...
Yeah, I looked it up:
http://www.cbsnews.com/news/ex...
And here's the full (peer-reviewed) article, for your perusal. Let's hope you are more capable of perusal than you are of simple Google searches.
http://papers.ssrn.com/sol3/Pa...
Ten million Russian soldiers died fighting in WWII. You could also say those countries are living under Pax Russiana.
In Soviet Russia, bull shits you.
I've been to, and lived in, and have worked in Britain, Finland and France. Have you? Hell, I was even there long enough to have experienced their health care system after I got a wisdom tooth removed in Helsinki. Cost me $25 (which the dentist wouldn't take because he said it had been a pleasure to practice English with me).
So, if you want to talk about "socialism" with me, you can bring your "Soviet Russia" to the parks and see if the squirrels want it, because nobody's buying here. My experience with socialism is a whole hell of a lot more germane than your "Soviet Russia".
And yes, I have been to St Petersberg. In fact, I've got a picture of my wife and I in front of The Hermitage right over my left (your right) shoulder. It was taken on an August day six years ago. My wife was there for a Mathematics conference and I was her plus one.
Fewer than 15% of everyone with a 401k plan will have enough to retire by the time they turn 70.
The 401k plan will go down as one of the greatest scams, and one of the greatest schemes to redistribute money upward, in the history of human economics.
http://www.forbes.com/sites/ed...
You know how the Chinese government is forcing people to buy and hold stocks in order to try to shore up their crashing stock market? Well that's exactly what the entire 401k statute was for. Conservatives like to say that Social Security and worker pensions were a "Ponzi scheme". Well, 401k is a Ponzi scheme on steroids.
More than forty percent of all workers in the US are making less than $15/hr.
That is some happy American Enterprise Institute horseshit. The real, effective corporate tax rate in the US is less than 13%:
http://money.cnn.com/2013/07/0...
Did we really need a sociologist to tell us that job insecurity is the new normal? Did they talk to anyone who works for a living?
There is an old commie saying: "You keep doing what you been doing and you're going to keep getting what you got."
And what you got is the "new normal". P.T. Barnum had a name for people who believe in "free market capitalism".
On Venus, it was only a few weeks ago.
But before they do it, I'd like to see them fix the potholes on Elston Avenue.
Buckshot does not melt steel beams!
He meant to say that it was 20 orguiai.
And most people just need a web browser. As long as it plays YouTube videos and opens Gmail, most people are satisfied.
You think "most people" need CAD, Adobe apps, MS Office, financial software, medical software or supply chain software?
Most people need a web browser.
Yes, every story about autonomous cars.
They should have named it "Code Sweat" and used this music as the theme song:
https://youtu.be/CJ0p7k-KzWM
"I wake up...in a Code Sweat. Hah!"
Maceo, blow your horn.
When I want to be very productive, I step away from the computer.
Can you imagine someone demanding the same rights as an automobile?
Everyone knows automobiles were endowed by the Creator with inalienable rights to have everyone get out of the fucking way.