Love the quote from Governor Moonbeam after signing the minimum wage bill today…
“It may not make economic sense, but it makes moral and ethical sense.” LOL
The U.S. can levy a tax on the products and services offered by companies trying to sell in the U.S. ala’ Trump’s idea.
Oh let me guess SS is a Ponzi scheme.
Who is the last President to balance the budget?
Way, way back in the day, said Governor Moonbeam made a speech at a conservative Ivy League institution (with the beauteous Linda Ronstadt in tow) and said the following (paraphrased): “you are overweight, smoke two packs a day, and then you expect me to pay for your health care?”
Ah, the “progression” of a good politician…
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You mean like the banks? The private sector defrauds all the time. And if you donate enough money to a campaign it puts you above the law. So you can almost bring down an entire economy and are rewarded with huge bonuses. But if caught with some marijuana you go to jail- in some instances - and have a record that can prevent you from getting a job. Do you think that is what most believe is justice?
SS is without a doubt a ponzi scheme.
Clinton, point?
Make no mistake, within a year or two, the fight for $20/hr minimum wage will begin.
Good luck trying to sue the government when they defraud, we sued the legislature when the high speed rail tripled in price, was no longer high speed, and the time to completion was extended from 2020 to 2049. The lawsuit was thrown out.
Funny you mention donating to campaigns, the same day the legislature passed the law, Unions donated $8500 to the campaigns of 5 Democrats. Oh I know, it’s pure coincidence.
The drug laws are a scam to prop up the prison industrial complex (judges, prison guards, probation/parole officers, drug rehab workers, private prisons, etc). It has nothing to do with justice, and everything to do about money.
No, a half percent tax won’t push businesses offshore.
It may move their money.
According to Chris Edwards, the director of tax policy studies at the Cato Institute, the high rates could exacerbate the problem of corporations and high-income earners investing out of the United States.
“Sanders new financial tax would push financial activity offshore, and the U.S. financial industry would lose jobs,” he told The Daily Caller News Foundation. “Foreign financial centers, such as London and Hong Kong, would gain at our expense. Sanders needs to realize that we live in a global economy, so raising taxes on mobile activity like stock trading just makes the tax base vanish—we would shoot ourselves in the foot.”
“May”? “Could”? “Move their money?”
That’s not businesses relocating offshore. Sure, they might start taking their roulette money and trying it in a different market, but that would be the point of such a tax - slow down speculative trading. But businesses aren’t going to close up shop and move away in droves and “take jobs with them.”
Naive libertarian-types who obsess about theory over how the real world actually works (not saying you) fail to understand that this is how businesses - especially big businesses interested in protecting themselves - work the refs. Notice - every tax or regulatory proposal that might raise a cost (no matter how small) will doom us all by forcing businesses to fire people in droves and “losing jobs”. Always, always, always.
That’s not to say there’s no economic impact of increasing costs through government action, of course there is, and job loss could be part of it - but we’ve had minimum wage since the Great Depression era, and we used to have a financial transactions tax, and business, especially big business, has done well for itself during those eras.
The economy is more complicated than libertarians prefer.
I wouldn’t use Sanders’ financial tax to pay for “free” school, but if tweaked right, I’m not against a financial transactions tax.
In an otherwise forgettable post, at least you actually wrote a clear sentence and not one of your winding, evasive, hokum-filled offerings, so there’s that. Well done.
So there will be no money left for folks who pay into the system now?
Who tried to sue over the high speed rail? I agree the government is out of control and that is mostly because it is not run by the people for the people.
So when capitalists(Koch bros.) donate to campaigns it’s mere coincidence?
And I agree with you about the drug laws. I think where we disagree is that it is my belief that politics is ALL about money and everything else is rhetoric. Of course there are some outliers but very few.
It would be interesting to see what happened in the 70’s where taxes were much higher,
Wall Street is that important of a tax base? What about an expansion of a tax base when more people have more money to spend?
And The Cato Institute is just a right-wing think-tank funded by those who have an incentive for “studies” to show results that are beneficial to them. Very little, if anything matters.