What is a decent minimum wage?

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Socialism preaches the gospel of envy. One piece of socialist legislation, like the minimum wage, is not going to sink us. What is sinking us is the philosophy that is behind socialist legislation. Congress believes in salvation by law. If only there were a perfect law, there would be a perfect society?
Now the question is: which moves us closer to socialism, the minimum wage which affects 1 million workers and costs in the neighborhood of maybe $2 billion per year, or defense spending which deprives us of economic freedom on the order of $700 billion per year? It never ceases to amaze me how people will spend all their time complaining about the mosquito and remain silent when the crocodile is eating us alive.
 
Now the question is: which moves us closer to socialism, the minimum wage which affects 1 million workers and costs in the neighborhood of maybe $2 billion per year, or defense spending which deprives us of economic freedom on the order of $700 billion per year? It never ceases to amaze me how people will spend all their time complaining about the mosquito and remain silent when the crocodile is eating us alive.
Unlike defense, the minimum wage is socialism enacted into law. Socialist thinking does affect the defense budget, however. The second largest army in the world was the army that Clinton gutted. Obama is quietly doing the same thing. Contrast that to President Reagan who built the Navy up to 600 ships, etc.

I guess that when we eventually go to war with Communist China, we will have to buy our weapons from them.
 
Unlike defense, the minimum wage is socialism enacted into law.
Defense spending is also socialism enacted into law. The government is deciding how to spend $700 billion of your and my money. If the government took up a collection and let people vote with their dollars as to how much defense spending they wanted that would be a perfect market solution. But the government uses command and control to determine what the defense budget is.
 
Defense spending is also socialism enacted into law. The government is deciding how to spend $700 billion of your and my money. If the government took up a collection and let people vote with their dollars as to how much defense spending they wanted that would be a perfect market solution. But the government uses command and control to determine what the defense budget is.
Really? What is the function of government? Is it to determine the equality of outcome, as the socialists claim? The minimum wage, a government price floor, is an illegitimate attempt to force an equality of outcome.

The only inequality of outcome the military wants is to win a war! The military people that I know cannot stand Clinton or Obama. They have good reason to hate these socialist (or Marxist) commander-in-chiefs.

Let’s go back to your favorite country, Somalia. Clinton, the so-called commander in chief, personally directed that little war. First, he strips the military and then insists on directing the war from the White House. The results are shown in the movie, “Blackhawk Down.” Ditto for Carter in Iraq. The outcome of the wars under Reagan were far different! Reagan built up the military. He did not destroy it.

Perhaps the motivation of the Marxists and socialists to destroy American through inflation and taxes and to destroy our military. My prediction for 40 years is that we will become a third world overnight when the dollar is no longer the reserve currency of the world.
 
Really? What is the function of government?
The function of government is to do as little as possible since the government is a parasite. It creates nothing of value, it only redistributes what people have already earned.
Is it to determine the equality of outcome, as the socialists claim? The minimum wage, a government price floor, is an illegitimate attempt to force an equality of outcome.
The minimum wage does not force equality of outcome, not even close.
The only inequality of outcome the military wants is to win a war! The military people that I know cannot stand Clinton or Obama. They have good reason to hate these socialist commander-in-chiefs.
Bush was just as much a socialist as Obama, after all, what was Medicare part D if not socialism? Under Clinton, at least our budget deficit went down and we got welfare reform. What can Bush say?
Let’s go back to your favorite country, Somalia. Clinton, the so-called commander in chief, personally directed that little war. First, he strips the military and then insists on directing the war from the White House. The results are shown in the movie, “Blackhawk Down.” Ditto for Carter in Iraq.
Which should tell you that government has no business running the military.
 
Which should tell you that government has no business running the military.

The military is forever fighting the last war. That is why it takes a war to shake things up and to get rid of the peace-time generals. A good example is General McClenon versus General Grant in the Civil War.

The same may be true for the peace-time socialists in Washington. It will take a financial collapse to get the socialists out of office. If you do not listen, then you have to feel. It will time for a third party to come to power. The old two party system, especially the Democrats (Socialists), will be discredited.

Prevention does not sell, but cures surely do sell!
 
stinkcat_Under Clinton said:
All of these “surpluses” were bogus!

The actual deficits are $418.3 billion in 1998, $520.7 billion in 1999 and $137.6 billion in 2000.

I found this information several years ago. (An old web site that no longer works is: federalreserve.gov/releases/Z1/Current/zir-3.pdf)

Do you find this hard to believe? Check it out for yourself. You might try calling the Federal Reserve at (202) 452-3482 and request that they mail you their Z1-Flow of Funds Accounts. The above information is in Table F4, on page 11.
 
The preamble to the US constitution says that a function of government is to promote the general welfare.
…and the general welfare does not mean socialism. Socialism does not promote the general welfare, far from it. Socialism promotes special interest groups.

Adam Smith said that economic growth is the product of five things:
  1. Private property
  2. Free markets
  3. Limited civil government
  4. Accumulation of capital
  5. An increase in the division of labor
Socialism violates 2 of Adam Smith’s requirements for economic growth.

“An individual who intends only to serve the public interest by fostering government intervention is led by an invisible hand to promote private interest, which was no part of his intention.”

Socialism destroys the role of prices, such as the socialist mandate for the minimum wage.

The role of prices:
  1. Transmission of information
  2. Incentives
  3. Distribution of income and/or a rationing mechanism
Socialism also destroys incentives.

This November would be a good time to throw the socialists, and the politicians who support abortion, out of office!
 
This November would be a good time to throw the socialists, and the politicians who support abortion, out of office!
I am certain it was unintended, but I cannot help but be concerned at the order with which the two atrocities show themselves.

I want abortion supporters removed first.
It just so happens that the vast majority of these supporters are socialist, but my primary goal is outlawing abortion.
 
I am certain it was unintended, but I cannot help but be concerned at the order with which the two atrocities show themselves.

I want abortion supporters removed first.
It just so happens that the vast majority of these supporters are socialist, but my primary goal is outlawing abortion.
You are correct in connecting socialism and abortion. Socialism is hostile to the Church and the family. "Socialism, with its essentially materialistic nature, can admit no raison d’etre for a spiritual power, as complementary and superior to the secular power of the State. …. The State was never meant to appropriate to itself the main parental duties…"

We must work very hard to bring the issues of life, faith, and family to the forefront of the November elections. Catholics have the votes to eliminate all politicians in Washington who support abortion. See my thread on " It is a Sin to Vote for Pro-Abortion Candidates."
 
Of course.

Pollution is just a matter of private property rights, if you pollute your neighbors land, air, or water there will be compensation ruled by a court. It actually used to be like this and was working fine until courts started to rule that “for the common good” some industries can pollute more then others…You do, however, have the right to pollute your own land, as long as it does not effect others
You mean the government courts?, So I must individually sue every air polluter because all contributed to the pollution in my lungs, and the government courts can handle all those suites and settle them all fairly. Wow you seeem to believe the government is super human an needs great authority
As far as power lines, water lines, roads, etc go. Why can’t they be private? It would be much more efficient. Competition would spur better products, better ways of doing things.
lewrockwell.com/orig6/frazier3.html -article or roads
lewrockwell.com/rockwell/blackouts.html - article on electricity
lewrockwell.com/orig7/woods-d1.html - another on roads, makes points on sewer system as well.
Wow now there is some insightful thought. So how many electric lines need to be installed at your house, 5, 15, 25, 50? And how much will you pay me to allow those lines to cross my property? After all in his systems most people will need access to many, many lines, to have alternative purchasing power.

If you look at his roads plan, well let’s look. A car trip from New York to LA is about (yahoo map says 2,783 miles) so if land owners allow him to cross at a penny a foot that is $146,942 in tolls. But why should they be so cheap? At ten cents a foot $1,469,424 that is better right? And if times are tough you can raise prices even higher after all there is no problem paying 1.5 million to cross the USA.

That guy is a great economist he can get me charged 1.5 million for something that used to cost a couple of hundred dollars in taxes!
 
stinkcat_Under Clinton said:
All of these “surpluses” were bogus!
The actual deficits are $418.3 billion in 1998, $520.7 billion in 1999 and $137.6 billion in 2000.

I found this information several years ago. (An old web site that no longer works is: federalreserve.gov/releases/Z1/Current/zir-3.pdf)

Do you find this hard to believe? Check it out for yourself. You might try calling the Federal Reserve at (202) 452-3482 and request that they mail you their Z1-Flow of Funds Accounts. The above information is in Table F4, on page 11.

These posts are getting ever increasingly difficult to follow and relate to minimum wage however I reviewed at a glance the June 1999 Z1 release and it shows surplus. This is noted by negitive numbers in the borrowing columns. For whatever that is worth to this discussion.

Btw
  • Adam Smith was not an American
  • The US Treasury is the financial arm of Government not the Fed.
  • The Fed function is to generate or constrict money supply on an as needed bases
 
So, us back to the original topic. Was Adam Smith against a living wage?
 
So, us back to the original topic. Was Adam Smith against a living wage?
I am a bit reluctant to infer another’s thoughts particularly when one assumes time, living standard, nor political control, could not matter. Adam Smith lived in Scotland practically 300 years ago, was he subject to a King? Was free trade openly applied there? Etc., etc. How would he have defined a living wage? His invisible hand set the stage for underlying economics and for that he deserves his fame, however to assume he has answers for today conditions is a bit much.
 
Here is what Adam Smith said:
Is this improvement in the circumstances of the lower ranks of the people to be regarded as an advantage, or as an inconveniency, to the society? The answer seems at first abundantly plain. Servants, labourers, and workmen of different kinds, make up the far greater part of every great political society. But what improves the circumstances of the greater part, can never be regarded as any inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. **It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed, and lodged. **
 
Here is what Adam Smith said:
That’s what I said. It would take $80 - $100 per hour to insure that everyone is "tolerably well fed, clothed, and lodged". Others have suggested it would need to be on the order of $500k/yr ($240/hr.) but I think this is a bit overly generous.
 
That’s what I said. It would take $80 - $100 per hour to insure that everyone is "tolerably well fed, clothed, and lodged". Others have suggested it would need to be on the order of $500k/yr ($240/hr.) but I think this is a bit overly generous.
That is about the top 2% of income earners in the world or top 5% in the USA. Why would some one need that when in the USA the estimate is 10-14k/year or roughly $6-$7/hr. If that person is in a family say a family of four a single worker would need to earn 22-27k/year or roughly $11-$13.5/hr to "tolerably well fed, clothed, and lodged". their family.

Would please explain your numbers?
 
Ten years ago the government considered that anyone who made below $20,000 a year was in poverty.
 
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