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| Australian minimum wage $16.43 in US dollars | |
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| Tweet Topic Started: Feb 22 2013, 11:54 PM (1,066 Views) | |
| Brewster | Feb 24 2013, 12:46 AM Post #61 |
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Fire & Ice Senior Diplomat
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Interesting analogy Pat, but you need to know your audience a little better. I expect you lost Neut after "Again, you miss" |
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| Mountainrivers | Feb 24 2013, 01:03 AM Post #62 |
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Fire & Ice Senior Diplomat
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I think that concept goes right over the heads of those who have never taken a course in even basic economics or operated a business with employees. You need those employees to make enough money to buy your products, ala Henry Ford. |
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| tomdrobin | Feb 25 2013, 02:56 PM Post #63 |
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Fire & Ice Senior Diplomat
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I think Pat's analogy is a good one. For decades economic circumstances like the global economy aided by government policy has facilitated a huge transfer off wealth from the many to the few. It was unsustainable. Eventually as jobs disappear and wages fall or flatline, the average person can't even afford the cheap China goods at Walmart. Attempts to fix this problem which is in everyone's interest rich or poor are met with cries of "class warfare" and "big government takeover", by those too shortsighted to see what has to be done. Government has to tax the wealthy heavily and inject that money back into the economy. Redistribution? Absolutely. The reality is you could take all the money in the country and give everyone an equal share. The wealthy would manage to get most of the money again, that's what they do. Then it's time to reshuffle, just like monopoly. |
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