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Forums - Politics - I am voting for Donald Trump, who is with me?

sc94597 said:
funkateer2 said:
I think a country like the US should be able to do better than both of these countries. Less inequality means less crime, happier people, more productivity. The US should be able to have drastically lower tuition fees so that everyone has a chance to be as productive as they can be.

Why do you think that? The U.S is a much more diverse country (with many more people) than The Netherlands and Poland. There is naturally going to be less equality due to this diversity. Minimum wages act as a barrier of entry in the work force for unskilled poor. If anything they increase inequality by forcing unskilled workers to migrate to less opportunistic states, while the middle and upper classes stay in the cities that have a lot of resources which have become only hospitable to them.

As for tuition, community college costs $1,500 per semester ($3,000 per year) and students with high need get federal grants and/or loans to cover their tuition + living expenses. If one goes to community college for two years and then from there to a four year university for another two years, one can graduate with less than $20,000 in debt. I come from a bottom 10% family, with a single parent and I go to a top 20 university (Carnegie Mellon University.) The university covers four-fifths of my approximately $50,000 tuition through private grants, and the rest is covered in federal/state grants and a little bit in loans. I work part-time to decrease my loan debt, and have kept my loans under $20,000 after four years. I will proceed to graduate school and end up with a job in science after I receive my PhD. My starting salary should be somewhere north of $70,000. My mother's income at 48 years old is $11,000 + $4,000 in tips/gratuity.

I will never accept people from other countries or people who have never experience "poverty" in a first world country  telling me that the poor in this country have very little opportunity, when I as a natural-born "poor" person have had a lot of opportunities. I took advantage of these opportunities and worked for where I am in life.

Edit: By the way the population of the U.S is one of the most productive.

Thanks for your post, you make some interesting points.

Per capita you could indeed say that on average, the GDP per capita is one of the highest in the world, but that's just an average. In terms of distribution of it, it's also one of the worst. And it doesn't seem to improve. This is what I mean when I say the US should be able to do better, the sophisticated and highly developed country that it is.

Diversity is good, inequality isn't.

Minimum wages are imho about the minimum standard of living that a civilized society deems acceptable. Of course it acts as a barrier of entry, but it's a barrier that any half decent country is able and willing to overcome. If a business in a wealthy and successful country can't even pay a (low-skilled) work force enough for an acceptable standard of living, then that business fails for good reasons.

Some even argue in favour of lowering minimum wages or even taking them away altogether, but that is just accepting the status quo and will just widen inequality, with all bad consequences that will bring. The poor will find it more difficult to get well educated, and become more likely to stay unskilled. There are only so many burgers that need flipping.

Good to hear you worked hard and managed to do well, but please don't make assumptions about me. I'm also not telling you that people in the US have very little opportunity, because that wouldn't be true of course. But I'm sure there's room for improvement in some areas.

 

I'm not saying it'd be easy for a country like the US to lower the inequality of wealth there, but it should be a lofty goal to have imho.



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Soundwave said:
Jimbo1337 said:

Take out a student loan like the rest of us. 

Done


Haha, student loans in the US are a total sham. Designed to get people into massive debt before they even start their adult lives. 


Lol. People that legitimately want to get higher education will find a way. Financial aid, loans, job while in college, etc.. It's easy.



I bet the Wii U would sell more than 15M LTD by the end of 2015. He bet it would sell less. I lost.

VGPolyglot said:
Aeolus451 said:


It's their money though. They earned it or one of their family did. No one else has a right to it just because of their Need. The less fortunate should go to school and get better jobs like they are supposed to.

Raising the minimum wage will increase prices and that hurts everyone.

How are the less fortunate supposed to go to school? They can't afford it.


Just about everyone either gets a scholarship or a student loan. 



VGPolyglot said:
sc94597 said:
VGPolyglot said:
Superquagsire said:


This is exactly why i can't back someone like Bernie Sanders. He fforgets that raising minumum wage will hurt our economy more than he thinks. No one will be hiring and lots of people are going to get laid off. And we already have a high unemployment rate so it will hurt so many people rather than benefit.

How? The billionaires and multi-millionaires have more money than they will ever use, so how is giving that money to the less fortunate people goign to hurt our economyÉ

The bolded is a false premise. They are going to use the money by investing in savings or spending it in the short term.

No, they are not. Bill Gates is going to go to the grave with billions of dollars. Also they are going to spend it in the short term with mansions, yachts, vactions, etc. I don't understand why so many people are fine with such huge gaps in income inequality. If you think that increasing the minimum wage is a problem, then we should instead make the rich pay much more taxes to help subsidize the poor.


Bill Gates will actually spend most of his wealth on philanthropic causes before he dies.  He is pretty much the gold standard as far a philanthrophic billionaires go. 



VGPolyglot said:
sc94597 said:
VGPolyglot said:
Superquagsire said:


This is exactly why i can't back someone like Bernie Sanders. He fforgets that raising minumum wage will hurt our economy more than he thinks. No one will be hiring and lots of people are going to get laid off. And we already have a high unemployment rate so it will hurt so many people rather than benefit.

How? The billionaires and multi-millionaires have more money than they will ever use, so how is giving that money to the less fortunate people goign to hurt our economyÉ

The bolded is a false premise. They are going to use the money by investing in savings or spending it in the short term.

No, they are not. Bill Gates is going to go to the grave with billions of dollars. Also they are going to spend it in the short term with mansions, yachts, vactions, etc. I don't understand why so many people are fine with such huge gaps in income inequality. If you think that increasing the minimum wage is a problem, then we should instead make the rich pay much more taxes to help subsidize the poor.


And when he dies his heirs will spend that money. Besides Bill Gates is quite the philanthropist and has invested a lot into education. There are trust funds from countless millionaires throughout history that are paying for schooling today.

I am alright with unegalitarian wealth distributions because the alternative is poverty for everyone because if disincentives to continue working and employing persons. Furthermore many of the legislation tactics used to remove said inequalities harm the mobility of the poor to other economic classes, such as we saw with the aforementioned minimum wage laws. 

There are unintended consequences when these tactics are used. 

Lastly, considering I can have a good standard of living regardless of billionaires I do not have an envy to motivate me to take the fruits of their labor. 



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funkateer2 said:
sc94597 said:
funkateer2 said:
I think a country like the US should be able to do better than both of these countries. Less inequality means less crime, happier people, more productivity. The US should be able to have drastically lower tuition fees so that everyone has a chance to be as productive as they can be.

Why do you think that? The U.S is a much more diverse country (with many more people) than The Netherlands and Poland. There is naturally going to be less equality due to this diversity. Minimum wages act as a barrier of entry in the work force for unskilled poor. If anything they increase inequality by forcing unskilled workers to migrate to less opportunistic states, while the middle and upper classes stay in the cities that have a lot of resources which have become only hospitable to them.

As for tuition, community college costs $1,500 per semester ($3,000 per year) and students with high need get federal grants and/or loans to cover their tuition + living expenses. If one goes to community college for two years and then from there to a four year university for another two years, one can graduate with less than $20,000 in debt. I come from a bottom 10% family, with a single parent and I go to a top 20 university (Carnegie Mellon University.) The university covers four-fifths of my approximately $50,000 tuition through private grants, and the rest is covered in federal/state grants and a little bit in loans. I work part-time to decrease my loan debt, and have kept my loans under $20,000 after four years. I will proceed to graduate school and end up with a job in science after I receive my PhD. My starting salary should be somewhere north of $70,000. My mother's income at 48 years old is $11,000 + $4,000 in tips/gratuity.

I will never accept people from other countries or people who have never experience "poverty" in a first world country  telling me that the poor in this country have very little opportunity, when I as a natural-born "poor" person have had a lot of opportunities. I took advantage of these opportunities and worked for where I am in life.

Edit: By the way the population of the U.S is one of the most productive.

Thanks for your post, you make some interesting points.

Per capita you could indeed say that on average, the GDP per capita is one of the highest in the world, but that's just an average. In terms of distribution of it, it's also one of the worst. And it doesn't seem to improve. This is what I mean when I say the US should be able to do better, the sophisticated and highly developed country that it is.

Diversity is good, inequality isn't.

Minimum wages are imho about the minimum standard of living that a civilized society deems acceptable. Of course it acts as a barrier of entry, but it's a barrier that any half decent country is able and willing to overcome. If a business in a wealthy and successful country can't even pay a (low-skilled) work force enough for an acceptable standard of living, then that business fails for good reasons.

Some even argue in favour of lowering minimum wages or even taking them away altogether, but that is just accepting the status quo and will just widen inequality, with all bad consequences that will bring. The poor will find it more difficult to get well educated, and become more likely to stay unskilled. There are only so many burgers that need flipping.

Good to hear you worked hard and managed to do well, but please don't make assumptions about me. I'm also not telling you that people in the US have very little opportunity, because that wouldn't be true of course. But I'm sure there's room for improvement in some areas.

 

I'm not saying it'd be easy for a country like the US to lower the inequality of wealth there, but it should be a lofty goal to have imho.


So the implication is that the rich are greatly productive and the poor are not very productive? (That is what you are saying when you say average GDP per capita doesn't reflect the distribution well.) If that is the case how can one argue for higher wages when the poor are not earning these wages with their low productivity? Businesses are there to remain profitable.

 

If the net effect are that the poor are worst off, why is a minimum wage law justified and good? I would rather have a job at $7/hr than no job at all. I can't get myself skilled with 0 income and no job, while I can with $7/hr and job experience.

 

My point wasn't that diversity and inequality were good or bad, just that a more diverse population doing more diverse jobs, and living in more diverse areas, with more diverse economic situations will have more unequal income distributions. That is why the U.S has higher inequality. Not someabsence of legislation.



sc94597 said:

So the implication is that the rich are greatly productive and the poor are not very productive? (That is what you are saying when you say average GDP per capita doesn't reflect the distribution well.) If that is the case how can one argue for higher wages when the poor are not earning these wages with their low productivity? Businesses are there to remain profitable.

 

If the net effect are that the poor are worst off, why is a minimum wage law justified and good? I would rather have a job at $7/hr than no job at all. I can't get myself skilled with 0 income and no job, while I can with $7/hr and job experience.

 

My point wasn't that diversity and inequality were good or bad, just that a more diverse population doing more diverse jobs, and living in more diverse areas, with more diverse economic situations will have more unequal income distributions. That is why the U.S has higher inequality. Not someabsence of legislation.


Maybe we should clearly define what we mean by "productive" because I have the feeling we're talking about slightly different things here.

I referenced your link that was about GDP per capita, which to my understanding is a purely monetary value referring to spending power per person. It's about *monetary* activity, not how much they *do* so to speak.

So in that sense, yes, the rich 'produce' much more in terms of GDP per capita: The top 10% in the US make for about 80% of total economic activity, and most of that is in the top 1%.

And therin lies the crux if what I meant to say: While the relatively low-paid workforce are very important for the economy, the benefits of their efforts in terms of money are mostly reaped by the rich.

You make a good point about "$7 an hour is better than nothing". As a worker with ambition sometimes you've got to invest in working experience to land a better position. For you it turned out well, which is great! You're obviously dedicated and talented enough to make your talents be properly rewarded.

 But how about $5 an hour? Or $2? $1 is still better than nothing, right? Take away minimum wage, and that's where it will be going. Burgers will still be flipped, but your car might be stolen while you're eating, maybe with you in it. And most of all, they won't be buying your well paid product because they won't have the money!

All those people making and serving meals, delivering packages, cleaning toilets, picking fruit, etc, etc,  they are all needed to make the economy work. They are very productive, but not in terms of "GDP per capita".

When you ask "why is minimum wage law justified and good?", like I said before, it's good because it puts a number on what you as a part of a civilized society deem acceptable as a minimum standard of living. It's a benchmark.



funkateer2 said:
sc94597 said:

So the implication is that the rich are greatly productive and the poor are not very productive? (That is what you are saying when you say average GDP per capita doesn't reflect the distribution well.) If that is the case how can one argue for higher wages when the poor are not earning these wages with their low productivity? Businesses are there to remain profitable.

 

If the net effect are that the poor are worst off, why is a minimum wage law justified and good? I would rather have a job at $7/hr than no job at all. I can't get myself skilled with 0 income and no job, while I can with $7/hr and job experience.

 

My point wasn't that diversity and inequality were good or bad, just that a more diverse population doing more diverse jobs, and living in more diverse areas, with more diverse economic situations will have more unequal income distributions. That is why the U.S has higher inequality. Not someabsence of legislation.


Maybe we should clearly define what we mean by "productive" because I have the feeling we're talking about slightly different things here.

I referenced your link that was about GDP per capita, which to my understanding is a purely monetary value referring to spending power per person. It's about *monetary* activity, not how much they *do* so to speak.

So in that sense, yes, the rich 'produce' much more in terms of GDP per capita: The top 10% in the US make for about 80% of total economic activity, and most of that is in the top 1%.

And therin lies the crux if what I meant to say: While the relatively low-paid workforce are very important for the economy, the benefits of their efforts in terms of money are mostly reaped by the rich.

You make a good point about "$7 an hour is better than nothing". As a worker with ambition sometimes you've got to invest in working experience to land a better position. For you it turned out well, which is great! You're obviously dedicated and talented enough to make your talents be properly rewarded.

 But how about $5 an hour? Or $2? $1 is still better than nothing, right? Take away minimum wage, and that's where it will be going. Burgers will still be flipped, but your car might be stolen while you're eating, maybe with you in it. And most of all, they won't be buying your well paid product because they won't have the money!

All those people making and serving meals, delivering packages, cleaning toilets, picking fruit, etc, etc,  they are all needed to make the economy work. They are very productive, but not in terms of "GDP per capita".

When you ask "why is minimum wage law justified and good?", like I said before, it's good because it puts a number on what you as a part of a civilized society deem acceptable as a minimum standard of living. It's a benchmark.

Utter rubbish, you do realise that people simply won't work for nothing right? And that people band together to form trade unions to combat this preceived race to the bottom, which is crap anyway, as businesses are in massive ammounts of competition, so if they hired somebody who's lesser skilled than somebody else due to paying less, they're going to produce crappier products, so people will buy else where, and thus the business ends up hurt. 



gooo trump got my popcorn ready



funkateer2 said:
sc94597 said:

So the implication is that the rich are greatly productive and the poor are not very productive? (That is what you are saying when you say average GDP per capita doesn't reflect the distribution well.) If that is the case how can one argue for higher wages when the poor are not earning these wages with their low productivity? Businesses are there to remain profitable.

 

If the net effect are that the poor are worst off, why is a minimum wage law justified and good? I would rather have a job at $7/hr than no job at all. I can't get myself skilled with 0 income and no job, while I can with $7/hr and job experience.

 

My point wasn't that diversity and inequality were good or bad, just that a more diverse population doing more diverse jobs, and living in more diverse areas, with more diverse economic situations will have more unequal income distributions. That is why the U.S has higher inequality. Not someabsence of legislation.


Maybe we should clearly define what we mean by "productive" because I have the feeling we're talking about slightly different things here.

I referenced your link that was about GDP per capita, which to my understanding is a purely monetary value referring to spending power per person. It's about *monetary* activity, not how much they *do* so to speak.

So in that sense, yes, the rich 'produce' much more in terms of GDP per capita: The top 10% in the US make for about 80% of total economic activity, and most of that is in the top 1%.

And therin lies the crux if what I meant to say: While the relatively low-paid workforce are very important for the economy, the benefits of their efforts in terms of money are mostly reaped by the rich.

You make a good point about "$7 an hour is better than nothing". As a worker with ambition sometimes you've got to invest in working experience to land a better position. For you it turned out well, which is great! You're obviously dedicated and talented enough to make your talents be properly rewarded.

 But how about $5 an hour? Or $2? $1 is still better than nothing, right? Take away minimum wage, and that's where it will be going. Burgers will still be flipped, but your car might be stolen while you're eating, maybe with you in it. And most of all, they won't be buying your well paid product because they won't have the money!

All those people making and serving meals, delivering packages, cleaning toilets, picking fruit, etc, etc,  they are all needed to make the economy work. They are very productive, but not in terms of "GDP per capita".

When you ask "why is minimum wage law justified and good?", like I said before, it's good because it puts a number on what you as a part of a civilized society deem acceptable as a minimum standard of living. It's a benchmark.

GDP = Gross Domestic Product,  it is a measure of all products produced by a population, and hence it is a measurement of net productivity (the rate at which products are created times the period in which GDP is being measured.)  Many people incorrectly think it is a measurement of wealth. So if the rich are responsible for the majority of GDP, then that means they are being rewarded for producing more. If the poor are not producing enough, then it makes sense that their wages are low, because the business would not make a profit if they increased the wages passed the productivity of their work force. 

@Bolded That is for the individual to decide. For most people their time is worth more than $1-3 /hr and therefore they will choose not to work for that employer. Even for the unskilled person this is true*. However, some individuals decide that they want to work for less than  $7 and more than what their time is worth, and consequently can't because of laws in their area. 

@ Underlined I can't see how they are productive without there being a product at the end of their labor, which is what is being measured in GDP. The definition of productive is that you have created something, a product (which can be either a service or a good.) 

@ Italicized How does society determine "acceptable as a minimum standard of living."? That is a very subjective thing and there really isn't any way to calculate that except by the market. If somebody isn't able to survive off their wages, they aren't going to stay at the job very long. Since labor is scarce, even for unskilled workers, and minimum wage jobs tend to be crappy, most places compete for the purchase of labor through an auction-like system. The consequence is that wages increase over time. Now inflation rates might increase faster than wages, but that is an issue caused by the fiscal policies of governments, and a separate one which should be resolved separately. 

 

* In first world countries with high costs of living.