Politics & Economics: The Minimum Wage, UBI, Taxes, etc. - Page 9 - Politics and Society -- Two Plus Two Poker Forums

This is an old thread I started a couple years ago that is now defunct. It has some of my thoughts in it

UBI, UHC, cut as much as possible of everything else. I feel like eliminating the minimum wage is best in this scenario so long as UBI and UHC is there and covers basic needs or close enough to most of it

The concept of everyone deserves a living wage sounds to me like something borne out of a moral philosophy the US refuses to address, but is also a distortion of the economy/interferes with capitalism. UBI + UHC can address the moral aspect and no longer require us to do the same through a raised minimum wage. We can therefore eliminate the minimum wage and allow the choice of least interference on the market. This makes sense to me

Thoughts?

You're still left with figuring out how to produce an additional couple hundred billion $ worth of consumer goods for the poor to consume.

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07-31-2020 , 06:55 PM

#202

Willd

Carpal \'Tunnel

Join Date: Sep 2006 Posts: 16,263

That sounds like a capitalist's dream. If the most disruptive result of UBI was a large up-tick in disposable income for the working class that necessitated a significant increase in the production of consumer goods then it's hard to see how that could be viewed as anything other than a resounding success.

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07-31-2020 , 10:06 PM

#203

EADGBE

Carpal \'Tunnel

Join Date: Jul 2009 Posts: 15,841

That's the Henry Ford view of wages. You should be paying your workers enough that they can actually afford to buy the **** that they are making. Unfortunately, we've sort of decided as a society that it's just easier to outsource our production to third world countries rather than increase the disposable income of our workers.

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08-01-2020 , 01:51 AM

#204

itshotinvegas

banned

Join Date: Jul 2019 Posts: 7,899

Quote:

Originally Posted by EADGBE

That's the Henry Ford view of wages. You should be paying your workers enough that they can actually afford to buy the **** that they are making. Unfortunately, we've sort of decided as a society that it's just easier to outsource our production to third world countries rather than increase the disposable income of our workers.

It's a global market where everyone should benefit. I always find it strange the left is so isolationist when it comes to trade. As in, they only care about the poor with no opportunity in the US, as opposed to El Salvador. Outsourcing is a sign of how rich your country is. Incidentally, is also a reason why immigration is not going to be the boon for economic growth in the future, as it was in the past.

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08-01-2020 , 05:19 AM

#205

Montrealcorp

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Join Date: May 2007 Posts: 13,716

Quote:

Originally Posted by itshotinvegas

In general yes but not 100% production outside the country even in a globalize cheaper world .
The covid just showed exactly why a country needs A minimum of the mean of production be local to be able to respond to a minimum for a major crisis ....
Might cost a little more to have enough production at home to be automne but it got its benefits as well on multiple level .

Ps: shouldn’t be normal the US have less poor than salvador for example ?

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08-01-2020 , 07:00 AM

#206

lvr

veteran

Join Date: Apr 2012 Posts: 2,743

What do people consider a "livable wage"?

Not in the $ dollar amount but what should a person be able buy with their livable wage.

How much stuff should a person be able to buy with a livable wage?

I personally believe this should be discussed first before anything else is done because everyone seems to have a different opinion on this.

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08-01-2020 , 07:46 AM

#207

Victor

banned

Join Date: Jul 2003 Posts: 73,070

Quote:

Originally Posted by Willd

nope. then workers can have more power. capitalists prefer people at subsistence so that they can be exploited.

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08-01-2020 , 10:19 AM

#208

RFlushDiamonds

cool

Join Date: Apr 2013 Posts: 5,969

Quote:

Originally Posted by EADGBE

Thanks Bill Clinton.
Thanks Obama.
Thanks Hillary.
Thanks Joe.

But no worries. The DNC will make sure we get no UBI or M4a for at least another election cycle.

Half a bowl of **** tastes better than a full bowl. lulz

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