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Topic: Academic discussion (we'll try) of politics shift away from center

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Mdot21

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #140 on: February 26, 2025, 10:43:31 AM »
Walmart money is good.  Real good.
apparently not good enough to pay it's workers a living wage

Cincydawg

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #141 on: February 26, 2025, 10:47:25 AM »
apparently not good enough to pay it's workers a living wage
What do you consider to be a "living wage"?

847badgerfan

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #142 on: February 26, 2025, 10:48:14 AM »
What do you consider to be a "living wage"?
Depends where you live.
U RAH RAH! WIS CON SIN!

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #143 on: February 26, 2025, 10:48:45 AM »
I'm also familiar with Hauser's "Law", which isn't a law, but is a pretty remarkable trendline.  I also believe we're spending way too much for what we take in and that will end us, eventually.
It is amazing how static Federal Revenues have been as a percentage of GDP for 80+ years despite vast differences in the tax code over the decades. 

Mdot21

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #144 on: February 26, 2025, 10:52:19 AM »
What do you consider to be a "living wage"?
um, I think being able to pay basic living expenses without being on US government housing or food assistance programs would be a start. Walmart is notorious for being one of the biggest employers in the US having it's employees on the government teet.

MikeDeTiger

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #145 on: February 26, 2025, 10:52:55 AM »
Microsoft stock has BLOWN up in the last 10 years alone- went from a $400 billion market cap to $3 trillion.

I still have the same question as before.  

I understand how inflation works and I understand how market caps work, but not necessarily the extent to which they work together.

I'm wondering how inflation affects market caps, and if it does, then how much?  Seems like if inflation means prices of goods increase, then so would the price of stocks.  

So when Microsoft, Tesla, Amazon, etc. shoot up, how much is because the companies gained real economic value, and how much (if any) is due to inflation?  It strikes me as not coincidental that these net worths have shot up over the same time as inflation skyrocketed.  (I understand there was a large xfer of wealth to the uber-wealthy in that same time frame, which would go under the "gained real economic value, 'cuz we forced it" category.)

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #146 on: February 26, 2025, 10:53:00 AM »
and if a group of politicians were ever serious about targeting billionaires with serious taxation, there would obviously be a strong reaction from billionaires.  They have the money and therefore the resources/influence to defend themselves.
Or just move.

Billionaires are very different from "normal" rich people with a net worth of say <$10M. 

Most people with a net worth of $1-10M are small businesses owners. They can't really move because the business that they own and run has a fixed location and they don't really have enough money to fly themselves and their friends around on private jets without limitations. 

Billionaires are in a different situation. 

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #147 on: February 26, 2025, 10:53:33 AM »
It'd be nice if every country got on the same page, because all would benefit.

But if just one doesn't, the super-wealthy will all flock there to house their monies.  I guess because you don't become a billionaire by paying your fair share. 

God forbid. 
See the Cayman Islands among others.

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #148 on: February 26, 2025, 10:53:59 AM »
I'm pretty tired of certain problems receiving a shrug and an "I guess that's how it has to be"

Echo-o-o-o cham-m-m ber-r-r-r
Ok, name one, let's discuss. 

Cincydawg

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #149 on: February 26, 2025, 10:54:39 AM »
um, I think being able to pay basic living expenses without being on US government housing or food assistance programs would be a start. Walmart is notorious for being one of the biggest employers in the US having it's employees on the government teet.
So, how much per hour is that exactly, or approximately?

MikeDeTiger

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #150 on: February 26, 2025, 10:55:17 AM »
um, I think being able to pay basic living expenses without being on US government housing or food assistance programs would be a start. Walmart is notorious for being one of the biggest employers in the US having it's employees on the government teet.

How much of that, I wonder, comes from their hiring of elderly people (to kinda do nothing at the front of the store) who are all certainly on Social Security and Medicare?  

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #151 on: February 26, 2025, 10:55:50 AM »
this seems crazy, but possibly true
is there enforcement on this?  what happens to the agency that doesn't spend all the money?
that money can't be used the next year, or given back somehow?
It is a legal grey area. 

Congress did pass a law mandating that the executive branch spend the appropriations but not 100% and it is a fair question whether Congress has that authority anyway. 

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #152 on: February 26, 2025, 10:56:57 AM »
I'm reading about Germany getting polarized, the center groups lost votes and the right and left won more than normal.
I think this demonstrates that the problem hasn't been caused by any individual because if it had, Germany wouldn't be experiencing the same thing. 

medinabuckeye1

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Re: Academic discussion (we'll try) of politics shift away from center
« Reply #153 on: February 26, 2025, 10:58:19 AM »
During the 2016 election there was a debate between Trump and Hillary where she was attempting to cut him down over the fact that he did not pay taxes.  It was a very famous exchange, one that I think may have singed Hillary bad enough to lose her the election.  Hillary basically said that Trump did not pay taxes, and Trump said that the people in charge set the system up, rich people that backed people like Hillary and that she (and by extension her Husband) could have changed it years ago but didn't.  Now, whatever you think of Trump and my views on him have certainly evolved over these last 8 years, 90% of the people who watched this knew then that he was right, and they know now that he was right.
Chappelle has an interesting take on this, he called Trump an "Honest Liar".

 

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