Conscequences of $15.00/hr Minimum Wage
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B
You wouldn't suppose that might be because the two are entirely unrelated to one another, would you? If you want to argue that doubling the Federal minimum wage would cause prices to increase, that's fine -- and, in your defense, such a sudden and drastic hike might exert some inflationary pressure on some sectors of the economy, such as fast food and retail. However, I never advocated a $15 minimum wage.
If I'm even interpreting your post correctly, you're trying to argue that a doubling of the minimum wage would cause consumers to pay more in the same way that sales taxes cause consumers to pay more, in the long term. That's... nice, I suppose, but you didn't present any evidence to prove it. As noted earlier, wages are only one aspect among many to consider when discussing prices.
I also thought this part of your post was a tad bizarre.
"Ever hear of a sales tax? Of course you have. It's a SALES tax, not a PURCHASE tax."
Governments mandate that businesses collect a tax equal to, say, 6% of a sale at the point of purchase -- in addition to the cost of the merchandise. I'm not even sure what you meant there. It's fairly obvious that consumers are "stuck" with paying that tax, as you mentioned in your post. Why state the obvious?
If I'm even interpreting your post correctly, you're trying to argue that a doubling of the minimum wage would cause consumers to pay more in the same way that sales taxes cause consumers to pay more, in the long term. That's... nice, I suppose, but you didn't present any evidence to prove it. As noted earlier, wages are only one aspect among many to consider when discussing prices.
I also thought this part of your post was a tad bizarre.
"Ever hear of a sales tax? Of course you have. It's a SALES tax, not a PURCHASE tax."
Governments mandate that businesses collect a tax equal to, say, 6% of a sale at the point of purchase -- in addition to the cost of the merchandise. I'm not even sure what you meant there. It's fairly obvious that consumers are "stuck" with paying that tax, as you mentioned in your post. Why state the obvious?
You wouldn't suppose that might be because the two are entirely unrelated to one another, would you? If you want to argue that doubling the Federal minimum wage would cause prices to increase, that's fine -- and, in your defense, such a sudden and drastic hike might exert some inflationary pressure on some sectors of the economy, such as fast food and retail. However, I never advocated a $15 minimum wage.
If I'm even interpreting your post correctly, you're trying to argue that a doubling of the minimum wage would cause consumers to pay more in the same way that sales taxes cause consumers to pay more, in the long term. That's... nice, I suppose, but you didn't present any evidence to prove it. As noted earlier, wages are only one aspect among many to consider when discussing prices.
I also thought this part of your post was a tad bizarre.
"Ever hear of a sales tax? Of course you have. It's a SALES tax, not a PURCHASE tax."
Governments mandate that businesses collect a tax equal to, say, 6% of a sale at the point of purchase -- in addition to the cost of the merchandise. I'm not even sure what you meant there. It's fairly obvious that consumers are "stuck" with paying that tax, as you mentioned in your post. Why state the obvious?
If I'm even interpreting your post correctly, you're trying to argue that a doubling of the minimum wage would cause consumers to pay more in the same way that sales taxes cause consumers to pay more, in the long term. That's... nice, I suppose, but you didn't present any evidence to prove it. As noted earlier, wages are only one aspect among many to consider when discussing prices.
I also thought this part of your post was a tad bizarre.
"Ever hear of a sales tax? Of course you have. It's a SALES tax, not a PURCHASE tax."
Governments mandate that businesses collect a tax equal to, say, 6% of a sale at the point of purchase -- in addition to the cost of the merchandise. I'm not even sure what you meant there. It's fairly obvious that consumers are "stuck" with paying that tax, as you mentioned in your post. Why state the obvious?
D@mn those greedy employees. Who do they think they are, wanting to earn enough money to put food on the table, a roof overhead, and medicines in their pockets? Them scum sucking leeches do nothing more than take money out of the CEO's pockets! We should go back to the good old days of slavery and indentured servitude!
Fortunately, that's exactly where Trump and his cabinet picks are going to take us!
Fortunately, that's exactly where Trump and his cabinet picks are going to take us!
B
A sales tax isn't "imposed on business owners" aside from the obligation businesses have to collect additional money from consumers to be paid to the state. You're making it sound like the government is taking a portion of business revenue from sales as a "sales tax," but that's simply not true.
States that have a sales tax require businesses to tack on a tax that the consumer is required to pay at the point of purchase, and that amount varies from 1 - 10%.
States that have a sales tax require businesses to tack on a tax that the consumer is required to pay at the point of purchase, and that amount varies from 1 - 10%.
You wouldn't suppose that might be because the two are entirely unrelated to one another, would you? If you want to argue that doubling the Federal minimum wage would cause prices to increase, that's fine -- and, in your defense, such a sudden and drastic hike might exert some inflationary pressure on some sectors of the economy, such as fast food and retail. However, I never advocated a $15 minimum wage.
If I'm even interpreting your post correctly, you're trying to argue that a doubling of the minimum wage would cause consumers to pay more in the same way that sales taxes cause consumers to pay more, in the long term. That's... nice, I suppose, but you didn't present any evidence to prove it. As noted earlier, wages are only one aspect among many to consider when discussing prices.
I also thought this part of your post was a tad bizarre.
"Ever hear of a sales tax? Of course you have. It's a SALES tax, not a PURCHASE tax."
Governments mandate that businesses collect a tax equal to, say, 6% of a sale at the point of purchase -- in addition to the cost of the merchandise. I'm not even sure what you meant there. It's fairly obvious that consumers are "stuck" with paying that tax, as you mentioned in your post. Why state the obvious?
If I'm even interpreting your post correctly, you're trying to argue that a doubling of the minimum wage would cause consumers to pay more in the same way that sales taxes cause consumers to pay more, in the long term. That's... nice, I suppose, but you didn't present any evidence to prove it. As noted earlier, wages are only one aspect among many to consider when discussing prices.
I also thought this part of your post was a tad bizarre.
"Ever hear of a sales tax? Of course you have. It's a SALES tax, not a PURCHASE tax."
Governments mandate that businesses collect a tax equal to, say, 6% of a sale at the point of purchase -- in addition to the cost of the merchandise. I'm not even sure what you meant there. It's fairly obvious that consumers are "stuck" with paying that tax, as you mentioned in your post. Why state the obvious?
Besides, the state already mandates what I have to pay employees in my profession. I have to be competitive AND make a profit. If the state jacked up what we have to pay our employees then you would see an across the board increase in the cost of the service I provide. So instead of 80 an hour for an electrician you might pay 100. And we also would increase the margins on our materials as well. You do gooder liberals think you can make the world better but all you do is create unintended consequences for everyone.
the problem isn't low wages. The problem is an ever weakening currency. The reason things are more expensive isn't because they are worth more. Things are more expensive because the thing that you purchase those things with is worth less.
the problem isn't low wages. The problem is an ever weakening currency. The reason things are more expensive isn't because they are worth more. Things are more expensive because the thing that you purchase those things with is worth less.
Cold hard reality is that poor people do not create jobs. Consumers create profits which when re-invested create jobs. Profits must be generated to maintain jobs. Cost increases reduce profits which spur cost cuts to restore profits.
Joh 12:8 For the poor always ye have with you; but me ye have not always.
For the cause of Christ
Roger
Joh 12:8 For the poor always ye have with you; but me ye have not always.
For the cause of Christ
Roger
The ultimate irony here is this:
United States Federal Minimum Wage - 2016
The federal minimum wage is $7.25 per hour.
BeWell,
cavil
United States Federal Minimum Wage - 2016
The federal minimum wage is $7.25 per hour.
BeWell,
cavil