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We Stalked. He Balked.
The Truth Squad is getting to Mr. Krugman.
National Review Online ^
| May 7, 2003
| Donald Luskin
Posted on 05/07/2003 6:18:15 AM PDT by ReleaseTheHounds
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Ah, Truth! What a wonderful antidote to the venom and invective that the Liberal Media love to spew -- especially from this unrepentant liar and dissembler, Professor Krugman. Looks like the Truth Squad is getting to Prof. Krugman!
To: Triple; tcostell; George W. Bush; Tamsey; Cyber Liberty; SupplySider
Krugman Truth Squad ping!
To: ReleaseTheHounds
Bump !
3
posted on
05/07/2003 6:30:49 AM PDT
by
chance33_98
(www.hannahmore.com -- Shepherd Of Salisbury Plain is online, more to come! (my website))
To: ReleaseTheHounds
If each job costs 500,000.00 spread over 10 years for each 40,000.00 job, thats only 400,000.00 of income so I can see where he would be complaining. The problem with Mr Klugmans postulation is that he assumes a 'static' economy and a 'static' payscale. Over 10 years a person starting out at 40k will most likely be increased to 70k without even trying. If that person invests in himself he can take that chance he was given and advance into the Six Digit territory and be called "RICH" by the Klugmans of the world. That is the nature of a dynamic freemarket economy.
Now if you spent that same half a million on a socialist program... THAT would be a static cost with no return whatsoever. If you GIVE that same person 40,000.00 per year (saving the government 10,000.00/yr) he will not be incentivized to self improvement and will from that point forward be a societal burden.
But of course... Thats what the democrats want is to create a society that is dependent on the Government. Ba'athists!
4
posted on
05/07/2003 6:30:51 AM PDT
by
Samurai_Jack
(Im just asking)
To: ReleaseTheHounds
Great post. I hope these truth stalkers keep it up, maybe even intensify the exposure.
5
posted on
05/07/2003 6:33:51 AM PDT
by
BOBTHENAILER
(FReepers discover the TRUTH, and distribute it.)
To: ReleaseTheHounds
The hit piece yesterdaycalling Bush 'funny' in a flight suit was nauseating.
Krugman is such a dick.
6
posted on
05/07/2003 6:36:17 AM PDT
by
finnman69
(!)
To: Samurai_Jack
"
The problem with Mr Klugmans postulation is that he assumes a 'static' economy and a 'static' payscale. Over 10 years a person starting out at 40k will most likely be increased to 70k without even trying."Although 70K might be a stretch in some areas of the country, you are absolutely correct in pointing out the static economy and payscale argument.
7
posted on
05/07/2003 6:47:57 AM PDT
by
Katya
To: ReleaseTheHounds
The NET will set you FREEEEE!!
8
posted on
05/07/2003 7:18:18 AM PDT
by
q_an_a
To: Stultis
Krugman ping!
To: Samurai_Jack
In addition to Static Modeling, there is another fallacy peddled by the Left and Krugman - that a job paying "$40,000" costs the employer $40,000. Not so.
In order for a company to offer you a job at the stated salary of $40,000, it's going to cost the company $50,000. At least. So, in actuality, you are being offered a $50,000 job, out of which you will pay BOTH "halves" of your SocSec, Mediscare, all of your health insurance and amy so-called "matching contribs" to your 401(k) plan.
Want to know how much you're REALLY making? Go to your boss and ask to see YOUR LINE IN THE PERSONNEL BUDGET. This line represents what it costs the company to have you exhale on company property.
Remember. Companies don't pay taxes. They just pass them along.
Michael
To: hobbes1
truth squad member ping : )
11
posted on
05/07/2003 7:21:28 AM PDT
by
xsmommy
To: ReleaseTheHounds
KTS Bump!
12
posted on
05/07/2003 8:10:52 AM PDT
by
Cyber Liberty
(© 2003, Ravin' Lunatic since 4/98)
To: xsmommy
Hey. Ping you....
13
posted on
05/07/2003 8:11:09 AM PDT
by
Cyber Liberty
(© 2003, Ravin' Lunatic since 4/98)
To: Wright is right!
In order for a company to offer you a job at the stated salary of $40,000, it's going to cost the company $50,000. At least. If there are benefits (as most $40k jobs would have), then the cost to the company is probably at least twice the gross salary. For example, I know that my employer's cost/hour for me is twice the hourly rate that shows up on my paycheck -- and my organization was purposely set up to be on the low end of the cost/hour scale.
14
posted on
05/07/2003 8:18:28 AM PDT
by
r9etb
To: ReleaseTheHounds
Truth Squad members have sent me ample proof. Here's one item: a picture (courtesy of the Special Electronic Mission Aircraft site) of President Clinton wearing something that most assuredly "resembled military garb." Anybody have this?
15
posted on
05/07/2003 8:18:43 AM PDT
by
js1138
To: js1138
16
posted on
05/07/2003 8:21:02 AM PDT
by
Cyber Liberty
(© 2003, Ravin' Lunatic since 4/98)
To: Cyber Liberty
Great Pic. All these attacks on bush will backfire. And the stock market continues to trend upward.
17
posted on
05/07/2003 8:27:18 AM PDT
by
js1138
To: r9etb
No, it won't cost the company $50,000 to pay you $50,000 because salary expense is a deductible expense. If the corporate tax rate is 30% then the company is only out $35,000 to pay you $50,000. The other $15,000 comes from Uncle Sam.
To: r9etb
"If there are benefits (as most $40k jobs would have), then the cost to the company is probably at least twice the gross salary." There are a lot of variables, but anywhere from 20-30% more than the stated "salary" is a decent rule of thumb as to the actual cost to a company of an employee. I've been self-employed since the late 80's, but the last time I had a look at my line in a personnel budget, my salary was $60,000. My line in the budget was $73,000 and change. So I was making $73,000 and change.
Michael
To: ReleaseTheHounds
bump
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