Posted on 11/15/2015 1:44:12 PM PST by dynachrome
If you sit around believing the right wing radio propaganda that the wealthy know what's best for us then be prepared to suffer the fate that many others have suffered under the oppression of aristocrats in the past.
But we live in a Democratic Republic overwhelmingly dominated by voters who are not wealthy. So its pretty simple to go out and vote for our own interest every couple of years-- without the need for any mass protest or even any union participation.
We could raise the incomes of the poorest by simply passing laws to raise the minimum wage. Many cities are already doing that!
We could totally eliminate unemployment in the US by passing Federal or State laws mandating a 32 hour work week.
We could increase the income and the quality of life for all workers in the US by simply passing laws that mandate up to six weeks of paid vacation if you've worked at least six years for a particular company (one week of paid vacation for every year that you've worked for a particular company).
So its really up to the overwhelming majority of us within this government of the people, by the people, and for the people-- to decide what kind of quality of life we want in the richest country on Earth!
Marcel
(Excerpt) Read more at theeconomiccollapseblog.com ...
Michael Snyder, who runs the economic collapse blog, is good to go. He also runs the end of the American dream blog.
What I do not understand is how these people do not understand how a near 100% increase in the minimum wage will not lead to prices rising almost as much.
If I need to make X dollars to pay the bills, and you just increased my expenses by Y, then my prices need to go up proportionately to X+Y...not counting lost customers. Unless they are going to forgive my debt and reduce my fixed costs.
Already failed the test of sanity right there. Conservatism is based on the idea that I know what is best for me and you know what is best for you, not the state.
“If I need to make X dollars to pay the bills, and you just increased my expenses by Y, then my prices need to go up proportionately to X+Y...not counting lost customers.”
Agreed. Now, here’s what I’ve never understood -—
When the price of oil skyrockets, the oil refining companies make record profits, igniting cries graft and gouging which, on investigation, never turn out to be true.
Here’s my question -—
If the price of oil P1 goes up by V, then V would be passed through by the price increase of gas at the pump. The cost of refining the oil does not vary with price changes born by the incoming oil. If the refineries are only passing through V, where do the excess profits come from?
Many of these policies have been implemented in Venezuela.
Snyder is good. That commenter is insane
Math is raciss!
Because if you are pumping oil out of wells that are already drilled, the costs are sunk and spread out over time. So the marginal profits increase with every additional barrel pumped.
“If you sit around believing the right wing radio propaganda that the wealthy know what’s best for us...”
I do not believe that billionaires like George Soros, Bill Gates, or Ted Turner know what’s best. They are evil and dominant.
fta... But we live in a Democratic Republic...
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Author is an idiot. We do not live in a democracy, where the majority of citizens rule.
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