State Of The Union Address

[indy007]

Originally posted by Sixpence
Dear lord, the hike in minimum wage will reduce execs salaries from 23 million to 21 million, it's an outrage

I've already passed the costs on to my buyers.

You'll see it as a tiny little increase in the cost of automotive parts, depending where you buy them.

Didn't cost me anything.

[Eagler]

American Samoa

hmm wonder why????

[BTW]

I guess the outrage of executives over a minimum wage increase is moral outrage as they don't want to see minimum wage workers pay more for Coca-Cola? Yea,  I'm buying that by the pound:rolleyes:

[Toad]

Raising the minimum wage won't change executive compensation; get that out of your head. As has been pointed out, they'll just pass the increase along or move the business out of the US.

I have no idea how one goes about changing the ratio of executive compensation to employee compensation.

What's to stop and executive from paying himself 500x the salary of his lowest paid employee except the stockholders?

How many stockholders even vote their shares?

[jhookt]

Originally posted by DREDIOCK
No minimum wage earners and the corporations will have exactly who to produce their products?

The execs? LOL I highly doubt it. Most execs I've come across. The only thing they have going for them is a degree. 2/3s of the time not even in the field they are working in. And largely these people are highly over rated and over paid

They cant increase the prices of their products without increasing the tax burden on themselves.
And its kinda silly to produce and sell a product for more then people can pay for it.
If they dont keep prices reasonable. They simply price themselves out of business

With no minimum wage workers to produce the goods
Where is this sudden influx of supply coming from?

The continuing outsourcing of jobs may help keep costs down. but it also costs American jobs in the process.
As more jobs are lost. there are less people to buy the goods you offer.

Now that works fine for anyone who is in for the short term gain. but eventually. Long term,  which is what the government SHOULD be thinking about.
Long term,at some point something has to give. Or we will end up being the next 3rd world country

this is perfect. in the last week I've been called a "right winger" by my neighbor. for my views on taxing he rich and now you are insinuating I'm a left winger.

that tells me I probably have it just about right

i think that with the way corporations have been running rough shod over the populace lately that it is entirely possible for big business to "price itself outa business" as you said loosely. but when is the american moral system going to come into play and realize that we have become a society of luxury?

[airspro]

The continuing outsourcing of jobs may help keep costs down. but it also costs American jobs in the process.

Bingo

Look at the American Car Industry .

[midnight Target]

Originally posted by DiabloTX
I take it she chose to have a baby out of wedlock?  If she did, she's living with the consequences of that choice.  Not to worry though, the Democrats are in power and they will take care of her!

The baby didn't make that choice.

[indy007]

Originally posted by jhookt
but when is the american moral system going to come into play and realize that we have become a society of luxury?

What's wrong with a society of luxury?

Modern medicine and the long lifespans it brings are a luxury. Is that somehow wrong or immoral? Doubt it.

[lasersailor184]

The execs? LOL I highly doubt it. Most execs I've come across. The only thing they have going for them is a degree. 2/3s of the time not even in the field they are working in. And largely these people are highly over rated and over paid

Did you ever stop to think that maybe the reason they make so much money is because they are worth so much money to the company?  You didn't, because you're a communist (as opposed to a socialist).  You think that every job is equally difficult and thus should be paid equally.

[Eagler]

Originally posted by indy007
What's wrong with a society of luxury?

Modern medicine and the long lifespans it brings are a luxury. Is that somehow wrong or immoral? Doubt it.

Gluttony or overindulgence is a better term than "luxury"

[indy007]

Originally posted by Eagler
Gluttony or overindulgence is a better term than "luxury"

Okay, fair enough... but that's a religious conviction that indulgence is a bad thing... and inherently unconsitutional. We have a right to life, liberty, and pursue happiness. We have a separation between church and state to protect us from religious morality dictating policy (in theory.. not quite reality).

Okay, lets go with a practical example... my business quadruples this year. I'm the owner. I celebrate by buying a Ferrari F430. Pure indulgence.

Which one is immoral?

Me pursuing happiness in a stupendously fast italian car..
or
Forcibly redistributing my wealth to my employees..


According to the constitution, forced redistribution is immoral, in that it impinges on my right to pursue happiness. While, according to religious morals, it would be the sin of gluttony on my part.

The end question is... which do people support more? The constitution or their religious beliefs?

As an Athiest, I would hope that people would support the constitution that gives equal rights to us all, and not the dictates of an ancient work of fiction.

[Gunthr]

I didn't catch the address live.  The transcript read good to me regarding domestic issues, but I was puzzled that the President didn't say more to prepare Americans for an increasingly probable tactical nuclear attack on Iran's suspect nuclear sites.   It is THE most important issue as far as I'm concerned.   Maybe the SOTU address was not the proper venue... or maybe they are waiting for a smoking gun.

[Hap]

Originally posted by Rolex
Twenty nine states already have minimum wages above the federal level, some of them for over a decade now. The same dire consequences were offered up by business groups then.

How would you explain the fact that economic calamity didn't happen in those states, and that there is no evidence that the last two increases in federal minimum wage caused significant job losses?

Most of them are out buying clearisil Rolex.  I'm sure they'll get back to you.

All the Best,

hap

[john9001]

Originally posted by lasersailor184
Did you ever stop to think that maybe the reason they make so much money is because they are worth so much money to the company?  

you wouldn't be talking about the CEO whose company lost millions and he retired with a $200 million retirement package would you?

[lasersailor184]

Originally posted by john9001
you wouldn't be talking about the CEO whose company lost millions and he retired with a $200 million retirement package would you?

Supply and demand.  If the companies didn't demand good quality CEO's so much then they won't be paid so highly.


Supply and demand comes back to bite you in the ass.