1
Forum Settings
       
Reply To Thread

Nations largest Insurer dropping ObamacareFollow

#52 Dec 10 2015 at 1:43 PM Rating: Good
Scholar
****
4,593 posts
Companies are not comprised of people, if they were those people would share the profits equally. I'm all for that by the way. They are owned by a small percentage of people, a very small percentage, and they employ people. So, companies are not people and as such not represented or protected by the government.

The government does not "take" profits, you can't "take" profits.

When making decisions about what rules are good for the people and which are unfair to the people you take into account how many people a rule helps. Ensuring people are paid a wage they can live on for the time and effort they provide is good for all people, it ensure that no person who works can't pay the bills or a reasonable lifestyle. Allowing companies to pay unlivable wages simply because desperate people will work for them helps the very very very small percentage of people who own companies and extort their workers. The companies who are not extorting their workers aren't effected by fair pay legislation and as such shouldn't be complaining. That means the only people who have a problem with fair wage laws are people who want slaves. Slaves are government hand outs because society has to pay to keep them alive. So companies who have problems with fair wage laws are welfare recipients complaining about having their welfare cut because they make too much money.

Also, I'm Canadian, Obama is too right wing for me :).
#53 Dec 10 2015 at 2:05 PM Rating: Decent
Scholar
****
4,593 posts
Gbaji wrote:
If your first go to argument for some new tax or regulation is that companies make too much profit,


And this is the problem with your way of thinking.

I don't care what the company made. I really don't. The government shouldn't either. It's completely irrelevant to the welfare of the people they serve.

All of those sick people, they're going to get treatment at some point. The question is when? Will it be early on when treatment may be much much cheaper? Will it be an emergency room visit when they pass out from the gangrene in their foot, stiffing the taxpayers for the now exorbitant bill?

All of those poor people, they're going to find something to eat at some point. Will it be from the grocery store with their decent pay cheque? Will it be via crime of some sort because they can't make enough to feed their kids, costing billions in prison infrastructure and creating an criminal element in society?

You see, your argument that companies should be able to pay as little as people will work for just doesn't work. We end up paying for it anyway at increased cost because we now have to pay for the consequences of a poor society. Companies should be forced to pay a reasonable minimum wage because otherwise the public has to make up the difference at an inflated cost. Government should provide health care because everyone is going to get it anyway in the end and it's cheaper and safer for society to pay for it up front than it is to deal with it after the fact.

Companies aren't going to leave the country in droves, and those that do are currently a drain on your tax dollars so you should be happy they are leaving.

Edit: Samira is smrterer than I.

Edited, Dec 10th 2015 3:16pm by Yodabunny
#54 Dec 10 2015 at 2:08 PM Rating: Excellent
Will swallow your soul
******
29,360 posts
Gangrene. Gang green is, I dunno, some Irish mob.
____________________________
In a time of universal deceit, telling the truth is a revolutionary act.

#55 Dec 10 2015 at 2:14 PM Rating: Good
*******
50,767 posts
A bunch of street thugs that really care about the environment. Notorious for bike by shootings, using biodegradable munitions.
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#56 Dec 10 2015 at 2:15 PM Rating: Decent
Scholar
****
4,593 posts
Samira wrote:
Gangrene. Gang green is, I dunno, some Irish mob.


I knew I had that wrong when I was typing it, just didn't have time to look it up. Thanks for the correction.
#57 Dec 10 2015 at 3:00 PM Rating: Good
Avatar
****
6,543 posts
Yodabunny wrote:
Samira wrote:
Gangrene. Gang green is, I dunno, some Irish mob.


I knew I had that wrong when I was typing it, just didn't have time to look it up. Thanks for the correction.


Hehe. I said antisemantic instead of antisemitic the other day and I'm pretty sure nobody noticed. Smiley: lol
____________________________
Galkaman wrote:
Kuwoobie will die crushed under the burden of his mediocrity.

#58 Dec 10 2015 at 6:01 PM Rating: Decent
Prodigal Son
******
20,643 posts
Samira wrote:
Gangrene. Gang green is, I dunno, some Irish mob.

As a German-American Jets fan, I take offense to that remark.
____________________________
publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#59 Dec 10 2015 at 6:44 PM Rating: Decent
Encyclopedia
******
35,568 posts
lolgaxe wrote:
gbaji wrote:
Looking at only one side of the ledger seems incredibly foolish,
Assuming you're the only one that looked on the other side of the ledger is pretty foolish as well.


I'm not assuming I'm the only one. I am assuming that when someone's argument utterly fails to take that side into account, that they probably didn't look at, or take it into consideration. Cause, if they did, they wouldn't make statements like "It's not the government's job to protect business profits", when arguing in support of government regulation that negatively impacts the bottom lines of businesses. They'd say something like "the negative impact to business is worth it given the positives this regulation creates". And then, wait for it... they'd actually defend that assertion. See, the reason for the dismissive statement approach is to avoid any actual discussion of the relative costs and benefits of the program in question. You just declare that this isn't a concern of the government and move on.

Which is ignoring that side of the ledger. Right?
____________________________
King Nobby wrote:
More words please
#60 Dec 10 2015 at 7:19 PM Rating: Decent
Scholar
****
4,593 posts
No they wouldn't because, once again, protecting companies is not in the government's purview. That side of the ledger should not even be considered. If a company cannot exist within the confines of government's, and by extension the public's, requirements it cannot exist and will be replaced by a more efficient or more intelligent company that may charge an increased cost for it's products. This is how commodity/service pricing should work. If a company cannot afford to pay it's people a living wage because it's items are not bringing in enough revenue than it's items are either under priced and should be adjusted or not in high enough demand to justify the companies existence.

Paying people a living wage is a requirement if you don't want to have the public pay the difference between what the company is willing to pay and what is needed for reasonable living expenses and as such companies should be required to pay a wage that provides a modern comfortable life. The money the public, who's taxes pay for this difference, has is coming from other companies. You are advocating having responsible companies subsidize irresponsible companies because the responsible one's have to pay their staff more money to cover the tax burden of supporting the irresponsible companies employees.

This is not the stone age. We are not lacking resources. There is no reason anyone working a reasonable amount of hours shouldn't be able to have a decent home, transportation, communication, some entertainment, and food on the table for their family. Your argument is absurd and you sound like a horrible human being for making it.
#61 Dec 10 2015 at 7:19 PM Rating: Default
Encyclopedia
******
35,568 posts
Yodabunny wrote:
Companies are not comprised of people, if they were those people would share the profits equally. I'm all for that by the way. They are owned by a small percentage of people, a very small percentage, and they employ people. So, companies are not people and as such not represented or protected by the government.


Huh? Are the people who own the companies not people then? I think they are. Thus, the company is absolutely comprised of people. There are people who own the company, and who share the profits of the company, not "equally", but "equitably", based on their percentage ownership of the company (not sure how else you think this should be done).

Additionally, there are people who work for the company. And they can also be negatively impacted by regulation that hurts the bottom line of the company they work for. I'm honestly not sure where you're going with this "companies aren't people!" approach. You're ignoring the very real fact that people own the company. People lose money when the company losses money. People lose their jobs when the company goes out of business. There are lots of very real people who are hurt when you create regulation that hurts businesses.

It's exactly this kind of dehumanization thinking that allows people to accept terrible regulation. By just declaring what you do to a business to not hurt "people", you avoid the moral question of whether what you're doing is more harmful than beneficial. You can't make a good assessment until you acknowledge that when you hurt a business you also hurt "people".

Quote:
The government does not "take" profits, you can't "take" profits.


Maybe you're getting caught up in semantics here. I don't mean take profits as in "gain profit or yourself". I mean take profits as in "take the profits someone else made away from them". I'm again kinda \unsure what you're trying to say. If I earn $100 in profit and you take it from me, you absolutely can take my profit. That's what I was talking about.

Quote:
When making decisions about what rules are good for the people and which are unfair to the people you take into account how many people a rule helps.


And compare it to how many it hurts, right? Do you see how insisting that there are no people involved in the harm done to companies kinda makes this assessment impossible, right? This is the point I was making about not looking at the other side of the ledger.


Quote:
Ensuring people are paid a wage they can live on for the time and effort they provide is good for all people, it ensure that no person who works can't pay the bills or a reasonable lifestyle.


So all people who "work" get paid enough to do what? What is a "reasonable lifestyle", and how much "work" should one do to earn it? That's the problem I'm having. You're tossing out platitudes, but ignoring the basic fact that not all work is sufficiently valuable to justify paying someone enough to say support themselves and an entire household. So if I work the fryolator at McDonads, this should pay how much now? You have to look at both sides of the issue, not just one.

Quote:
Allowing companies to pay unlivable wages simply because desperate people will work for them helps the very very very small percentage of people who own companies and extort their workers. The companies who are not extorting their workers aren't effected by fair pay legislation and as such shouldn't be complaining. That means the only people who have a problem with fair wage laws are people who want slaves. Slaves are government hand outs because society has to pay to keep them alive. So companies who have problems with fair wage laws are welfare recipients complaining about having their welfare cut because they make too much money.


I disagree. What about companies who employ people doing very low skill entry level work? How much does a burger and fries at McDonalds have to cost for the profits from an hour of selling them pay for the crew working there to all earn a "reasonable lifestyle"? Your system has to allow for the fact that not all labor is sufficiently valuable to consumers to justify such a wage. You then also have to allow companies to pay lower than "reasonable lifestyle" paying wages, and trust that as people gain work experience and skill, they will gravitate to higher paying jobs.

I'm not sure what this has to do with healthcare, but I suppose it's still a cost that gets lumped into the system. The point is that you are still only looking at the benefit to the worker, and not looking at the negatives. What good is getting paid a bit more or gaining some additional benefits, if your cost of living increases so much? And guess what? It's going to be the poorest people who will be the most hurt by that. And don't for a moment think that this will magically make those people less poor. It wont do anything to improve their relative economic condition.

There's just so much wrong with your position and argument that it's hard to figure out where to start. But I'll repeat the earlier point that you need to look at both sides of these issues, not just one.
____________________________
King Nobby wrote:
More words please
#62 Dec 10 2015 at 9:21 PM Rating: Good
GBATE!! Never saw it coming
Avatar
****
9,957 posts
gbaji wrote:
1. What is a "reasonable lifestyle", and 2. how much "work" should one do to earn it?


1. Able to house, clothe, transport and feed ones' self with a little left over...at a minimum.
2. 40 hours a week
____________________________
remorajunbao wrote:
One day I'm going to fly to Canada and open the curtains in your office.

#63 Dec 10 2015 at 9:36 PM Rating: Excellent
GBATE!! Never saw it coming
Avatar
****
9,957 posts
gbaji wrote:
There are people who own the company, and who share the profits of the company



Owner Bob has a company. He employs 100 people at minimum wage. His personal net take home is $1 million/year. The majority of his employees will need subsidised housing and/or subsidised food and/or subsidised health care. None of those employees will be paying federal income tax.

If Owner Bob gives all his employees a $3/hr raise, this will cost him about $625,000/year leaving him a net take home of $375,000 year. His employees are now no longer qualified for those government goodies because, SURPRISE! they make a reasonable wage. They are all now likely paying federal income tax; not much, but some.

In this scenario, I side with the 100 employees.

If you side with Bob, then, holy shit, there's no hope for you.
____________________________
remorajunbao wrote:
One day I'm going to fly to Canada and open the curtains in your office.

#64 Dec 10 2015 at 9:52 PM Rating: Decent
Encyclopedia
******
35,568 posts
Yodabunny wrote:
Gbaji wrote:
If your first go to argument for some new tax or regulation is that companies make too much profit,


And this is the problem with your way of thinking.

I don't care what the company made. I really don't. The government shouldn't either. It's completely irrelevant to the welfare of the people they serve.


And yet, your very first comment in this thread was about company profits:

you wrote:
Sooo, forcing health insurers to provide better health insurance cost the health insurers some of their profits? Say it ain't so!


Sure seemed like you were dismissing the costs of Obamcare because all it would do is cost health insurers "some of their profits". Suggestion being that they make enough to absorb the cost, so it's ok to stick it to them. I mean, that was what you were implying, right? That they're rich fat cat insurance companies, and thus deserve to have their big fat profits trimmed "for the good of the people". Cause that sure was how I interpreted your post. Now, if you really meant something else, then feel free to clarify yourself.

My point, which certainly seems to be backed up by your own statement, is that too many people justify increased regulation on the assumption that the companies they regulate can afford it, so it's not really a problem. No one's harmed, so why not? My response is that this increased cost *is* a problem, and that by ignoring it, you're making a bad decision. That's what I mean when I say you're only looking at one side of the ledger. You don't believe that extra costs causes any harm, so you ignore it and don't take it into account.

It is harmful though.

Quote:
All of those sick people, they're going to get treatment at some point. The question is when? Will it be early on when treatment may be much much cheaper? Will it be an emergency room visit when they pass out from the gangrene in their foot, stiffing the taxpayers for the now exorbitant bill?

All of those poor people, they're going to find something to eat at some point. Will it be from the grocery store with their decent pay cheque? Will it be via crime of some sort because they can't make enough to feed their kids, costing billions in prison infrastructure and creating an criminal element in society?


And? What is the cost of doing this? If it's a dollar either way, which method is "better"? I think you are failing to take into account the incentive effect ov work and wages. I also think you are creating a massive excluded middle . There's a whole range of economic condition between "impoverished" and "financially comfortable". You don't just bop from one to the other. You gradually move from one to the other, and as you do so, your condition improves. Anything which steepens the difficulty slope in that process can have a massive effect on the overall economic outcome for those involved.

Put another way, while you seem to think that the absence of those things will force people to fail to get treatment until their feet fall off, or chose a life of crime to put food on their table. You're basically taking extremes, but most people live in the middle. And what that middle does is provide an incentive for people to improve the value of their labor, and thus earn a higher wage, so they can reduce the difficulties in their lives. This doesn't happen magically all at once though. It takes time and effort. But most people manage to do this. And yes, things like "I need to go to night school and learn a trade so I can afford health care for my kids", is one of the things that pushes people. Take that way, and what happens?

Quote:
You see, your argument that companies should be able to pay as little as people will work for just doesn't work. We end up paying for it anyway at increased cost because we now have to pay for the consequences of a poor society. Companies should be forced to pay a reasonable minimum wage because otherwise the public has to make up the difference at an inflated cost. Government should provide health care because everyone is going to get it anyway in the end and it's cheaper and safer for society to pay for it up front than it is to deal with it after the fact.


I disagree. I believe that the cost in lost productivity alone would dwarf any extra costs involved via less efficient means of delivering health care, or food, or whatever. Most people will work a second job before they'll start robbing people, right? Most people will find their way into a health clinic or urgent care long before their foot falls off. While you have a minor point in terms of increased costs, fewer people will incur those costs in the first place.

In the "absorb the costs of uninsured people's emergency care" model, the number of people we're paying for is low, but the cost per person may be high. But in the "pay for all their health care costs ahead of time", the cost per person may be lower on average, but we're paying for a lot more people (everyone). Lots of people manage to stay out of emergency rooms every year using nothing but over the counter medicines that they can afford to pay for out of pocket. A very small number of people get sick anyway, some of whom may or may not have been able to avoid getting sick with preventative care. But the cost for that care for "everyone" includes everyone who wouldn't have gotten sick enough to go to the ER that year. That's a ton of people we're paying for.

I really don't buy the idea that total health care costs are lower when you pay for preventative care like that. IMO, it's far far more efficient to just pay for people who get sick, than to pay for everyone who might get sick. But that's just me.

Quote:
Companies aren't going to leave the country in droves, and those that do are currently a drain on your tax dollars so you should be happy they are leaving.


Huh? How are companies leaving the country a drain on my tax dollars? This explanation I'd love to hear!

And it's strange that you say this, but yet we still constantly hear about all those evil companies offshoring their businesses. Either it's a problem, or it isn't. Which one is it?

Edited, Dec 11th 2015 4:05pm by gbaji
____________________________
King Nobby wrote:
More words please
#65 Dec 10 2015 at 10:44 PM Rating: Good
GBATE!! Never saw it coming
Avatar
****
9,957 posts
gbaji wrote:
Huh? How are companies leaving the country a drain on my tax dollars? This explanation I'd love to hear!

And it's strange that you say this, but yet we still constantly hear about all those evil companies offshoring their businesses. Either it's a problem, or it isn't. Which one is it?
Do you ever read what you write? US companies that move outside the US pay vastly less taxes to Uncle Sam.
____________________________
remorajunbao wrote:
One day I'm going to fly to Canada and open the curtains in your office.

#66 Dec 11 2015 at 6:26 AM Rating: Good
Soulless Internet Tiger
******
35,474 posts
Debalic wrote:
Samira wrote:
Gangrene. Gang green is, I dunno, some Irish mob.

As a German-American Jets fan, I take offense to that remark.
You should be taking offense with yourself for being a Jets fan.
____________________________
Donate. One day it could be your family.


An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo

#67 Dec 11 2015 at 6:40 AM Rating: Good
Soulless Internet Tiger
******
35,474 posts
Friar Bijou wrote:
gbaji wrote:
There are people who own the company, and who share the profits of the company



Owner Bob has a company. He employs 100 people at minimum wage. His personal net take home is $1 million/year. The majority of his employees will need subsidised housing and/or subsidised food and/or subsidised health care. None of those employees will be paying federal income tax.

If Owner Bob gives all his employees a $3/hr raise, this will cost him about $625,000/year leaving him a net take home of $375,000 year. His employees are now no longer qualified for those government goodies because, SURPRISE! they make a reasonable wage. They are all now likely paying federal income tax; not much, but some.

In this scenario, I side with the 100 employees.

If you side with Bob, then, holy shit, there's no hope for you.
Not enough information to make an educated decision. How long has Bob's company been around? How much of Bob's personal savings did he have to put into the company to float it during his ramp up? Has Bob taken losses in previous years? Are Bob's employees all working 40 hours/week? Does Bob own other companies and is taking profits from those as well? What is the tax rate where Bob lives or when you say net, do you mean after both the company and Bob have paid their income taxes? What are Bob's charitable donations when he earns $1m? Is Bob looking to sell his company or keep it? Does he need to refinance a mortgage/loan?
____________________________
Donate. One day it could be your family.


An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo

#68 Dec 11 2015 at 8:42 AM Rating: Good
*******
50,767 posts
gbaji wrote:
Cause, if they did, they wouldn't make statements like
People not responding the way you want them to doesn't mean they don't understand the issue or aren't looking at both sides.
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#69 Dec 11 2015 at 10:09 AM Rating: Decent
Scholar
****
4,593 posts
Uglysasquatch wrote:
Friar Bijou wrote:
gbaji wrote:
There are people who own the company, and who share the profits of the company



Owner Bob has a company. He employs 100 people at minimum wage. His personal net take home is $1 million/year. The majority of his employees will need subsidised housing and/or subsidised food and/or subsidised health care. None of those employees will be paying federal income tax.

If Owner Bob gives all his employees a $3/hr raise, this will cost him about $625,000/year leaving him a net take home of $375,000 year. His employees are now no longer qualified for those government goodies because, SURPRISE! they make a reasonable wage. They are all now likely paying federal income tax; not much, but some.

In this scenario, I side with the 100 employees.

If you side with Bob, then, holy shit, there's no hope for you.
Not enough information to make an educated decision. How long has Bob's company been around? How much of Bob's personal savings did he have to put into the company to float it during his ramp up? Has Bob taken losses in previous years? Are Bob's employees all working 40 hours/week? Does Bob own other companies and is taking profits from those as well? What is the tax rate where Bob lives or when you say net, do you mean after both the company and Bob have paid their income taxes? What are Bob's charitable donations when he earns $1m? Is Bob looking to sell his company or keep it? Does he need to refinance a mortgage/loan?


I don't have time at the moment to respond to Gbaji's novel, maybe a bit later, but I'll weigh in on this one quickly. You're both trying to adjust employee wages based on company profits but that only makes sense if he's already paying his staff a living wage and we're talking about minimum wage laws so that scenario doesn't come into the discussion. If he is not making enough to pay his employees a living wage he takes the loss or closes the doors. If his business isn't viable I shouldn't be subsidizing his payroll so he can make money.
#70 Dec 11 2015 at 2:39 PM Rating: Good
GBATE!! Never saw it coming
Avatar
****
9,957 posts
In brief, Bob is pocketing that $1 mil after paying all his expenses everywhere.

Lost in my story was the point, which being: harm.

If Bob is going home at the end of the year with 1/3 of a million instead of a full million and his employees are better off and are less of a burden on the general public, then Bob's loss is far outweighed by the gain.

In gbajiland. this makes Bob a victim somehow.

And, unless I'm unclear, this isn't about Bob being forced to do this. This is about Bob aught to do this because it's the right thing to do. I see it as a matter of patriotism, quite frankly.
____________________________
remorajunbao wrote:
One day I'm going to fly to Canada and open the curtains in your office.

#71 Dec 11 2015 at 3:48 PM Rating: Good
Avatar
*****
13,240 posts
That's not quite true; if bob is hiring otherwise unemployed people, he is creating a net reduction in the welfare dependency, as they receive less public benefits, even if he is receiving a discount subsidy on their labor cost.

Ideally we should shift to a UBI scheme, as it is a better way to administer the support, however.
____________________________
Just as Planned.
#72 Dec 11 2015 at 4:38 PM Rating: Good
***
1,159 posts
Timelordwho wrote:
That's not quite true; if bob is hiring otherwise unemployed people, he is creating a net reduction in the welfare dependency, as they receive less public benefits, even if he is receiving a discount subsidy on their labor cost.

Ideally we should shift to a UBI scheme, as it is a better way to administer the support, however.


If Bob was murdered, butchered and the processed meat was handed out in lieu of food stamps, that'd reduce the welfare dependency of a few people, too. Maybe boil the bones into a nourishing broth? I'm just blue-sky thinking here.

But just because we can murder Bob, butcher his corpse and hand out his meat to the disadvantaged doesn't mean we should murder Bob, butcher his corpse and hand out his meat to the disadvantaged. We have to ask ourselves, is it just to murder Bob, butcher his corpse and hand out his meat to the disadvantaged? And the answer, obviously, is no, it isn't just to murder Bob, butcher his corpse and hand out his meat to the disadvantaged.

I'm not going to say it directly but I'm implicitly drawing a moral equivalence between murdering Bob, butchering his corpse and handing out his meat to the disadvantaged and taxing him. It's wrong to murder Bob, butcher his corpse and hand out his meat to the disadvantaged - even though it's really tempting - and it's wrong to subject people to taxation. The two are identical in every respect.

In conclusion, let me repeat myself whole-cloth. Because it's vital I never summarise my wheedling explanations but rather reword them just as lengthily one or two times. Um. Let's go.

What I'm trying to get across is that taxation is cannibalism; the money in Bob's account, colloquially referred to as bread, is his body, and the thieving masses of plebs are no more than a pack of Iscariots tearing at his divine flesh. Transactions are the lifeblood of capitalism; by forcing Bob to enter into transactions of his choosing, the government is acting like some vampire cabal. I mean, the analogy breaks down here a bit because poor people don't drink wine, but hey, no-one's reading this so I can say whatever the **** I want. Poor people are Judas because they are both figuratively cannibals, but also literally cannibals due to the miracles of transubstantiation and spurious moral equivalences. Jophiel's a catholic, he'll back me up here. Except he can't, as I am playing the role of 'Gbaji', his eternal foe, and thus he is forbidden from agreeing with me.

TL;DR: It's vital I never summarise my wheedling explanations but rather reword them just as lengthily one or two times. Um. Let's go.

Just because we can murder Bob, butcher his corpse and hand out his meat to the disadvantaged doesn't mean we should murder Bob, butcher his corpse and hand out his meat to the disadvantaged. We have to ask ourselves, is it just to murder Bob, butcher his corpse and hand out his meat to the disadvantaged? And the answer, obviously, is no, it isn't just to murder Bob, butcher his corpse and hand out his meat to the disadvantaged.

Taxation is exactly the same as that thing I just said, so we can't do it. It's morally wrong, just like puppet theatre.
____________________________
Timelordwho wrote:
I'm not quite sure that scheming is an emotion.
#73 Dec 11 2015 at 4:58 PM Rating: Good
****
4,137 posts
Wow, so quick to condemn a little cannibalism.
____________________________
Dandruffshampoo wrote:
Curses, beaten by Professor stupidopo-opo.
Annabella, Goblin in Disguise wrote:
Stupidmonkey is more organized than a bag of raccoons.
#74 Dec 11 2015 at 5:00 PM Rating: Excellent
Will swallow your soul
******
29,360 posts
Pretty good, but a little short on the signature mixture of smugness and victimization that we've all come to know.
____________________________
In a time of universal deceit, telling the truth is a revolutionary act.

#75 Dec 11 2015 at 5:01 PM Rating: Default
Encyclopedia
******
35,568 posts
Friar Bijou wrote:
Owner Bob has a company. He employs 100 people at minimum wage. His personal net take home is $1 million/year. The majority of his employees will need subsidised housing and/or subsidised food and/or subsidised health care. None of those employees will be paying federal income tax.


Also, in this mythical example where a company consisting of 100 minimum wage earning employees is capable of generating a $1m/year profit, we can assume that none of them are heads of households since none of them have job skills greater than that of a paper hat wearing 16 year old. But let's just ignore that and pretend this makes any sense at all. Point being that the tax subsidy cost would be very very low in any sane society. Now, in a society where we embrace high school dropouts being paid by the government to live in single family dwellings all by themselves at taxpayer expense, maybe your example makes some sense.

Quote:
If Owner Bob gives all his employees a $3/hr raise, this will cost him about $625,000/year leaving him a net take home of $375,000 year. His employees are now no longer qualified for those government goodies because, SURPRISE! they make a reasonable wage. They are all now likely paying federal income tax; not much, but some.


So he should toss 2/3rds of his income in order to give each of his employees ~$6k more per year? An amount that is extra pocket cash for the actual high school students he's employing, and not nearly enough for the few actual single earners supporting a household on their own to make any real difference in terms of their need for financial assistance.

Quote:
In this scenario, I side with the 100 employees.


Except it's not really about the 100 employees. It's the 5 employees out of that hundred that are relying on their salaries at this company to support themselves and a family. I side with them. What makes far more sense is instead of raising everyone's wages by the same amount, give Bob the freedom to promote the 5 or so single moms to shift lead positions and pay them $15/hour more than everyone else. So 95 low skilled folks earning minimum wage, with presumably a high turnover rate as they move on to other opportunities, and 5 full time management/lead positions helping Bob run his business and keeping the kids in line. Now, instead of doing very little to help those in actual need, while giving free bonus cash to those who don't need it (all by regulatory fiat apparently), you basically get your cake and eat it too.

You get that when you mandate higher pay for everyone you make it harder for employers to make those kinds of salary and position decisions in their businesses. When he's got a million dollars in profits to make choices with, it's pretty easy to pay his leads more money in return for greater loyalty over time. When some numbskull has reduced his profit by 2/3rds, it's a lot harder.

Quote:
If you side with Bob, then, holy shit, there's no hope for you.


Your mistake is in assuming that Bob will never pay any of his employees more than any other, and that he sees no inherent value in paying his more skilled longer term employees enough money to ensure that they stay working for him. It's not about Bob versus the employees. It's about Bob doing what's best for his business, and most of the time that means paying his employees what their labor is worth and what will keep them working for him. Your example Bob would go out of business long before he could build that business to the point your example starts at. I get that it's a popular narrative to assume that all employers are out to just ***** over their workers, but that's really a fast way to go out of business.

Do you know anyone who actually runs a business? At all? Maybe go talk to them about it for a while first, then come back a bit more educated on the subject.
____________________________
King Nobby wrote:
More words please
#76 Dec 11 2015 at 5:28 PM Rating: Excellent
Soulless Internet Tiger
******
35,474 posts
I think Bob's employees should quit and go work for Dave's salt mine.
____________________________
Donate. One day it could be your family.


An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo

Reply To Thread

Colors Smileys Quote OriginalQuote Checked Help

 

Recent Visitors: 312 All times are in CST
Anonymous Guests (312)