qman said:

"If it's been successful wherever it's been tired, why wouldn't it be successful elsewhere?"

There's minimum wage mandates in poor countries and it's done nothing to very little to reduce poverty, economic prosperity allows for a higher minimum ages, it doesn't create it.

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qman said:

And yes, I understand what the peasants would do with more money, they would spend it.  What happens when they spend more money?  Demand increases and prices rise, that's the current reason why policymakers refuse to stimulate this economy, we can't live without ultra low interest rates today.

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More make believe, or do you have evidence to prove it?

Since the Federal Reserve Reform Act of 1977, the Fed's job has been to keep inflation near it's target of 3% per year, and they've done a remarkable job so far, regardless of the economy:

qman said:

"we can and should tax our way out of debt"

More economic fantasyland, there's no taxing our way out of this mess without massive currency devaluation.

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qman said:

"Democrats get this"

It's not a R vs D issue, Obama DOUBLED the DEBT in 8 YEARS!!!

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That's only because of the Great Recession which occurred under a Republican President.  Note how debt/GDP started going back down under Obama:

qman said:

High demand also brings in new issues, do you think all 8 billion humans could consume like the average US citizen?  No, we consume too much. There's not enough affordable resources to meet that demand.

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ballsalsa said:

overwhelm me with data, please.

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Falcon91Wolvrn03 said:

qman said:

"If it's been successful wherever it's been tired, why wouldn't it be successful elsewhere?"

There's minimum wage mandates in poor countries and it's done nothing to very little to reduce poverty, economic prosperity allows for a higher minimum ages, it doesn't create it.

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Are you make believing again, or do you have empirical evidence to back you up?  Because the studies seem to show minimum wage helps.

qman said:

And yes, I understand what the peasants would do with more money, they would spend it.  What happens when they spend more money?  Demand increases and prices rise, that's the current reason why policymakers refuse to stimulate this economy, we can't live without ultra low interest rates today.

---

More make believe, or do you have evidence to prove it?

Since the Federal Reserve Reform Act of 1977, the Fed's job has been to keep inflation near it's target of 3% per year, and they've done a remarkable job so far, regardless of the economy:

qman said:

"we can and should tax our way out of debt"

More economic fantasyland, there's no taxing our way out of this mess without massive currency devaluation.

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I know for a fact that's make believe.  All Congress has to do is tax more than it spends, and debt goes down.

qman said:

"Democrats get this"

It's not a R vs D issue, Obama DOUBLED the DEBT in 8 YEARS!!!

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That's only because of the Great Recession which occurred under a Republican President.  Note how debt/GDP started going back down under Obama:

qman said:

High demand also brings in new issues, do you think all 8 billion humans could consume like the average US citizen?  No, we consume too much. There's not enough affordable resources to meet that demand.

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There is enough for the developed nations.

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"minimum wage helps"

Helps what, are you suggesting the minimum wage mandates has or would reduce poverty?  More economic fantasyland. www.our-africa.org/poverty

"Federal Reserve Reform Act"

What the hell does that have to do with our policymakers refusing to stimulate the economy?     Why are interest rates still at 200 year lows today after 10 years?

"tax more than it spends, and the debt goes down"

Again, pure fantasyland that you live in Fal.  Our current tax revenue system is correlated with asset prices, what happens if you try to over tax the wealthy?  Asset prices tank and so does tax revenue.  What would happen to our current GDP if we actually had a balanced budget for the year?  Most likely go negative.

"There is enough for developed nations"

Thank you captain obvious.

qman said:

Falcon91Wolvrn03 said:

The studies seem to show minimum wage helps.

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Helps what, are you suggesting the minimum wage mandates has or would reduce poverty?  More economic fantasyland. www.our-africa.org/poverty

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It makes them better off than not having a minimum wage.  You'd have known that if you read any of the many articles in my Google search.  (I know you said you don't believe mainstream sources from Google searches, as you prefer make believe, but I don't.)

qman said:

Falcon91Wolvrn03 said:

Since the Federal Reserve Reform Act of 1977, the Fed's job has been to keep inflation near it's target of 3% per year, and they've done a remarkable job so far, regardless of the economy

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What the hell does that have to do with our policymakers refusing to stimulate the economy?     Why are interest rates still at 200 year lows today after 10 years?

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Do you believe raising interest rates will stimulate the economy? 

qman said:

Falcon91Wolvrn03 said:

I know for a fact that's make believe.  All Congress has to do is tax more than it spends, and debt goes down.

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Again, pure fantasyland that you live in Fal.  Our current tax revenue system is correlated with asset prices, what happens if you try to over tax the wealthy?  Asset prices tank and so does tax revenue.

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Do you have a source for this, or did you just make believe it?

qman said:

Falcon91Wolvrn03 said:

qman said:

Falcon91Wolvrn03 said:

what's better for the economy?  Ten rich guys goings out to eat $1000 dinner, or 1,000 middle class guys going out to eat a $10 dinner?  I'd argue the latter, as it requires more restaurants, more servers, more cooks...

And even if you think both examples above are equal for the economy, I'd definitely argue that 1,000 people being able to afford going to go out is better than only 10 people being able to afford it.

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High demand also brings in new issues, do you think all 8 billion humans could consume like the average US citizen?

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There is enough for the developed nations.

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Thank you captain obvious.

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Thank you for agreeing with my original point.

Stonehenge said:

Q, didn't you know raising the min wage makes everyone more wealthy? Its true just ask fal, tip or bal, etc. Too bad they never were told that in mexico, africa or other shit holes of the world. If someone would just clue them in they could legislate themselves into prosperity.

Or confiscate the wealth of the rich, they will hold still for it certainly and keep working for free. It would have worked great in communist russia, except the rich ran away. Pass a law they can't run or move their assets and poverty is solved! How could that not work?

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ballsalsa said:

Stonehenge said:

Q, didn't you know raising the min wage makes everyone more wealthy? Its true just ask fal, tip or bal, etc. Too bad they never were told that in mexico, africa or other shit holes of the world. If someone would just clue them in they could legislate themselves into prosperity.

Or confiscate the wealth of the rich, they will hold still for it certainly and keep working for free. It would have worked great in communist russia, except the rich ran away. Pass a law they can't run or move their assets and poverty is solved! How could that not work?

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What a crock of shit.
Mexico could definitely stand to raise the minimum wage.  It is a very prosperous country, with a higher GDP than
List of Countries by GDP (PPP)

• Turkey
  
• Saudi Arabia
  
• South Korea
  
• Spain
  
• Canada
  
• Iran
  
• Australia
  
• many more...
  

They are comparable to

• Italy
  
• France
  
• U.K.
  
• California
  

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Bro you don't even know the difference between national GDP and GDP per capita.

You really want to tell me Mexico is wealthier than Australia and Canada?

Total, total, total fail.

Stonehenge said:

Q, didn't you know raising the min wage makes everyone more wealthy? Its true just ask fal, tip or bal, etc.

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Stonehenge said:

Too bad they never were told that in mexico, africa or other shit holes of the world. If someone would just clue them in they could legislate themselves into prosperity.

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Stonehenge said:

Or confiscate the wealth of the rich, they will hold still for it certainly and keep working for free.

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Quote:

The rapid population growth as a result of the large refugee reception last year and a childbirth approaching historically high levels puts pressure on municipalities and county councils.

The main reason for the social economy can be crippling is that we are growing more young and older in Sweden - that is, the groups that cost the most and where the tax revenues are small.

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shivas.wisdom said:

Ehh, the article qman supplied is a little dishonest in its reporting. If you click through to the source for the mass immigration claim, you will see this:

Quote:

The rapid population growth as a result of the large refugee reception last year and a childbirth approaching historically high levels puts pressure on municipalities and county councils.

The main reason for the social economy can be crippling is that we are growing more young and older in Sweden - that is, the groups that cost the most and where the tax revenues are small.

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Yes, the large influx of refugees received is a partial cause, but the fact it leaves out the comments about both increasing childbirth rates and average lifespan leaves a foul taste in my mouth because it tastes like anti-immigrant tabloid more than unbiased news report.

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