No THERE IS something wrong with them. As I've already stated. Those who come in for the wages/benefits aren't going to give two shits about the job. Especially if they have big lobbyists behind them to propagandize for them. Claiming that money will make them work hard is a joke. The only thing that can make someone truly work hard is something entirely intrinsic to the person, not extrinsic. Extrinsic motivation is the weakest type of motivation.
Extrinsic motivation may be weak, but there are fundamental truths in the world. The first is that just because you love something, doesn't mean you're good at it. Secondly, just because you're good at something, doesn't mean you want to do it for very little reward.
You're trying to have this situation both ways. If we reform the election process, so that special interest groups no longer have a say in how we elect our representatives, then there's not reason
not to pay them a reasonable wage. If we don't reform the election process, so that special interest groups continue to control elections (because the average person is a fucking idiot, apparently, which is getting driven home to me increasingly often in this "debate"), then we
still have no reason not to pay them a reasonable wage.
It's not a matter of money making them work hard. It's a matter of offering highly competent, intelligent people sufficient compensation that they won't immediately disregard it as a shitty deal.
I doubt we're even getting our best and brightest now and I highly doubt even a CEO level pay would bring in them, it'd get more corrupt fools who care only about money and themselves. Equating wages and money to skill is not a valid comparison. It might supposed to be, but it doesn't work like that in the real world.
What we're getting in are people who are very good at what they do, make no mistake.
The problem is that what they do is game the system. They're lawyers, for the most part, not engineers. They're not interested in
fixing the system at the best of times, just gaming it to serve their ends. It's the way lawyers think, in fact it's the way that lawyers are
trained to think, since they're not allowed to alter the systems they work within.
And yes, money and skill are absolutely related. People who are good at something, outside of select professions with limited pay scales, make more money than people who are shitty at something.
Where the money=skill equation breaks down most often are union jobs, where seniority=money is the order of the day.
Cause Bernie Sanders is more progressive that makes anything he say null and void? Please...
No, it just makes him about as reliable a source as me quoting Rand Paul.
Which, you may note, I do not do.
Because he's an idiot.
Much like Bernie Sanders.
As for Social Security, if it doesn't work so well, again why does it have a 2.6 Trillion dollar surplus?
Demographics.
It's not particularly complicated. Up until now, we've had progressively more people paying in to the system than being paid
by the system. As the next few decades unfold, that ratio will start to shift.
We, as a country, are aging, due in part to the Baby Boomers representing a statistical anomaly, and improvements in medical care extending the lives of our citizens.
It's not even remotely complicated math. We can either continue to increase our population in to offset the increasing population of the elderly, which is unsustainable, or we can adjust the way Social Security works.
As it is, we stand to burn through a
hypothetical surplus that took seventy years to accumulate in about twenty. Again, I repeat, for the ten millionth time: That money is not in a box somewhere. It's not even in a bank account, or an investment portfolio. It's an IOU.
Why is it going to pay out everyone 100% until about 2034 and then after that it's about 77-78%.
I love how you remark that the system is going to be broken in the next twenty years as proof that the system works.
Really.
And it could still be 100% after that if we remove the cap of, I believe, up to 100,000 that's paid into it.
Thus taxing 4% of the population to support the bottom 50% who didn't plan better.
And yes, PEOPLE ARE OWED THE MONEY BY THE SYSTEM! That's the fucking law.
No.
It's not.
The LAW.
Again, for the ten millionth time: Social Security is not an individualized retirement account. It's not a savings account. Social security doesn't give shit about how much you put in over the course of your life; it calculates a payment based on the thirty years in which you were paid the most.
That payment is then adjusted by a Cost-Of-Living-Adjustment system. Like the one in place. Which they're talking about amending.
It's not taking money from anyone. It's not robbing the old to pay the rich. It's adjusting the system so that it doesn't fail in the next fifty years.
And I'm cool with that.
And I don't care if they took the money from the coffers to pay off wars or tax breaks or shit that they wanted in the first place.
Each administration pillages that particular piggy bank based on their own personal priorities. So rest assured, quite a bit of it has been borrowed to pay for the sorts of social spending that you seem to adore.
That's their fault for pushing wars the majority of the country never wanted to stay into this long (and a few smart people voted against from the start, too bad it wasn't the majority at the time...
And again, you want average people running the country?
It took no fucking brains at all to realize that Iraq had nothing to do with 9/11. Hell, I can't recall anyone ever coming out and claiming as much. All they had to do was say that Saddam Hussein supported terrorism (he did), and that he was less than transparent about his weapons programs (he was), and people jumped on that train
en masse.
or for tax breaks which have been the worst thing for our economy or ya..
Debatable, that, like most economic theories.
You would, since it was put together exclusively to pander to people who share your prejudices.
The Deficit (as of 2010 iirc), what parts caused it and what it coulda been without all that crap. Bush's Tax Cuts (That Obama stupidly continued)? The biggest portion.
According to what? Projected tax income? Projected based on what? Economic forecasts?
That graph, which I've seen before, is predicated on a whole raft of best-case/worst-case scenarios. The fact of the matter is that government revenues as a share of GDP were higher in 2007 than they were in 1999.
That's not a projection.
That's mathematical reality.
There are far bigger problems to our deficit/debt than Social Security (which, again, I've pointed out hasn't added 1 cent to our deficit, never has, never will, just can't by the way it works).
The
fuck it can't.
The instant that we no longer have as many people paying in as drawing out, the clock starts ticking. Once the intragovernmental loans get "repaid", and the hypothetical surplus gets exhausted (which would happen quite quickly), then the government has to either raise taxes, raise the retirement age, or cut benefits.
Or, as has been the case for most presidents since FDR, they can simply borrow the money and kick the problem down the line to the next administration.
Again with the trickle down economics bullshit. Why don't you realize it doesn't work?
According to whom?
The high sustained growth during the Reagan years?
If they increase taxes on the corporations to levels that they SHOULD be paying, they aren't going to raise their products so much to push the cost onto us, they can't.
It's not as simple as just raising prices. That's an option, of course, particularly in the scenario you outlined earlier as your solution for high corporate taxes (specifically, high import duties, apparently disregarding the ensuing trade wars that that would spark), but "costs" are a blanket statement.
Fewer jobs, fewer dividends, lower wages, less money to invest, higher prices, etc.
Because they know they won't get that money then. People just won't buy.
Why not?
If you're taxing all the corporations equally, and levying sufficient import duties to keep them competitive with foreign corporations, then the price the market would bear would shift upwards, by default.
And if they try it, how long until another business comes in and sells for less (because, honestly, MANY of our products could be cheaper, but aren't because the amount executives take through their pay and their bonuses as well as the amount the company itself will put in offshore accounts is rather impressive).
Oh for fuck's sake.
Your argument is that corporations are deliberately pricing goods higher so that they can make less money so that they can hide money from the tax man?
Really?
Corporations are in the business of making money. Yes, there's a distinct level of behavior that borders on cronyism in the higher pay scales, but let's not kid ourselves: The fact that Bob Iger pulls in $37 million for being the CEO of Disney is not forcing Disney to raise our ticket prices. Disney cleared almost six
billion in profits last year.
Sure, they could axe his compensation down to $1 million and spread the other thirty six among the rest of Disney's employees... And each of them would get, oh, about $200 out of the deal.
That, incidentally, is where the math comes from with this super-high CEO pay scales, the idea that having that man at the top, and paying him that exorbitant wage,
actually makes the company money.
And in Bob Iger's case, they're probably right, to be honest.
And, hell, if they don't want to pay the taxes, since taxes are based on the profit (if I do recall), than if they tie their profits back into their company investing in itself to expand (create new jobs/facilities inside our country) than that's no longer considered a profit and the amount they'd pay in taxes would be less.
Oh boy.
That investment into their own company would only make them stronger in the future which results in long term profits instead of short term. Better for the system over all.
Except that it's not.
Because it's a stupid idea.
Yeah, some corporations could stand to invest more in their own respective infrastructure and facilities. Your argument, however, that corporations could avoid paying exorbitant taxes simply by pouring all their profits back into the company is incredibly facile.
First off, there's a finite amount of reinvestment that can take place. A corporation can't indefinitely improve its facilities,
that wastes money.
Secondly, the corporation has to turn a profit to attract investors. If there are no dividends, if the stock price is shit, the corporation has a hard time financing new ventures.
But no, trickle down economics doesn't work, especially not in the way it was believed since Reaganomics bullshit came into play.
Again, according to whom?
Is there some cost that might get pushed to consumers? Perhaps, but not these days. Because most people in our country are losing so much disposable income (because wages haven't matched our productivity for one as well as other reasons:
That's not "trickle-down economics", that's
globalization.
Get used to it.
The average manufacturing employee is gonna have to accept that until the average Chinese/Indian/Indonesian/Mexican/etc worker is paid a reasonable percentage of what the average American is paid, they're going to be stuck competing in a global marketplace with people who are willing to work
for less.
Look at how corporations try and raise gas prices, they can get it around 4 bucks or so, but when it gets higher people just cut back more and gas is probably one of the most essential things in our society
You think that they "try and raise gas prices"?
Rather than the fact that gas prices
reflect the price of motherfucking oil?
Gas is considered a price-inelastic good; people need a certain amount of it regardless of what the price actually is. Sure, people cut back on travel when gas prices are high, but mostly
they cut back on other things.
Gas prices have almost nothing to do with how much I drive, just how much I have to spend
on things other than gas.
We regulate power and water providers to make only normal profit or slightly above instead of letting them raise prices to increase profits to insane levels... but that's another topic). They can't hope to raise prices so much or they won't HAVE any business.
As examples of the effects of cost increases on the free market, picking two examples of highly regulated industries does
not assist your case.
I pointed out the employment rate though...and I don't get why people think you HAVE to join a Union in the non-RTW states.
Because, as a general rule,
you do.
That's just about the first thing any union does when it gets control of the labor pool of a given industry. It requires any new hires to join the union.
Sure, there are non-union jobs in union states. Just not in union shops.
But I wouldn't deny the ability to create that contract in the first place. Why would you? Isn't that against your philosophy where it has government regulating the private sector?
Unions exists because the government protects them.
It's government support of unions that creates things like closed shops, where if you don't join the union you can't work. That's why the unions are looking at RTW legislation as the death knell for organized labor (which in some ways it is, albeit in the short term), because it gives the worker the
choice on whether or not to join the union, rather than having it mandated by law.
And Thelona, ever tried following Paul Krugman? Ever read his stuff? I've been following him and others of various affiliations for years now. He's been pretty spot on for most of his economic predictions and very often for the reasons he has claimed.
Krugman is a die-hard Keynesian, to the extent of open derision of other schools of economic thought.
Which is... well, kinda stupid, really. I tend to fall between the Keynesian and the Austrian schools myself, though more towards the Austrian side. Government intervention in the market should be a tool of absolute last resort, because it creates shit like what we had in 2008.
Which, oddly enough, Krugman advocated for.
Not sure why anyone would ever hate on people that are actually trying to HELP the majority of the people in the nation against the big corporations who abuse the system or does illegal activity unless they are clearly listening to only propaganda :\
I should amend your statement to read "clearly listening to only propaganda different from the propaganda I listen to".
Because that's what's going on.
I'm all for increasing separation between government regulators and the industries they regulate. I find the current state of the SEC to border on the criminal.
I just question to what extent people are "helped" by increasing government intervention. Sure, that Warren clip has her apparently taking to task people who are in theory failing to adequately inform people who were illegally foreclosed on (which is an odd thing in and of itself, but more on that later) of their rights.
But why were those people taking out home loans to begin with? What caused the housing bubble that lead to their unwise decision to take out a loan they could not afford?
Oh.
Right.
Government intervention.
People in the government trying to make things better for the underprivileged masses, without the foggiest idea of what the long-term effects might be.
And the scary thing is that Obama is pushing for more of the same shit that started it all.
We're delving into "teach a man to fish" territory here. Except it's "teach a man not to make bad investments", or "teach a man to properly budget his money". It should not, should
never be "teach a man that the government will give him shit".
I'll finish with this, we've tried the "right wing" way for awhile now (arguably 3 decades). It has failed.
Because clearly, things were going so swimmingly before.
We are becoming a weaker nation because of it. Why not try something different instead of continuing the same failing philosophy of "help the corporations out more, give them more breaks, deregulate them, tax them less, take more outta the programs to help the people (education, social security, medicare, etc) instead, etc" and try something else?
That would make more sense if the budgets for those programs hadn't gone up every year.
Bush poured billions into education. Today, we spend more than twice what Japan does per year
per capita on our students.
And yet our results
suck compared to theirs.
The cold hard truth is this: The government cannot mandate equality without destroying opportunity. The government can guarantee equality of opportunity, yes, within reasonable boundaries. But it cannot guarantee equality of
outcomes.
All that crap you're talking about regarding corporations?
WHO DO YOU THINK CREATED THAT TANGLED MESS OF EXCEPTIONS AND INCENTIVES?
The government did, attempting to create jobs, either locally, nationally, or personally.
You're right in that we don't need more of the same, but the direction you want to go in is as flawed as the track we're currently on.
The answer is not to spend
more, the answer is to
spend more wisely.
The answer is not to regulate
more, the answer is to
regulate more wisely.
The answer is not to tax
more, the answer is to
tax more wisely.