re: DNC Chair Tom Perez: Socialism is Our Future

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I feel like you just type the word "economics" over and over and consider yourself well educated.

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More educated than most, less so than others.

On the topic of economics though, I run circles around your ignorant arse

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On the topic of economics though, I run circles around your ignorant arse

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This is probably going to end the way it always does with me asking you to show me how I am wrong and you continuing to say nothing.

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you dont know economics."

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You don't

Which makes you totally inadequate in these discussions.

I guess for it to work here, we have to kill 150 million, if we want to be consistent with past communism attempts....

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DNC's official position is socialism is the future.

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Margaret Thatcher: “The problem with socialism is that you eventually run out of other people's money.” Democrats have just gone off the deep end.

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Let’s go heavy flow.

Let’s start with minimum wage and mandated increases to it.

Does this hurt or help min wage employees? Why or why not

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Oh shite. I cant believe you responded.

It helps 90% of the bottom 30% Naturally, there are some casualties.

“When employers pay wages so low that working people have to turn to public assistance to make ends meet, they’re effectively receiving a subsidy from taxpayers,” said Cooper. “Policies that raise wages would free up resources that could then be used to strengthen anti-poverty programs or make investments in any number of other policy priorities. The simplest way we can do this is by raising the federal minimum wage.”

"The majority (66.6 percent) of individuals and families who receive public assistance work or are in a family in which at least one adult works. This number grows to 71.6 percent when focusing on recipients under the age of 65. More than two-thirds (69.2 percent) of all public assistance benefits that go to non-elderly families go to families in which at least one adult works.

If the bottom 30 percent of wage earners received a $1.17 per hour pay raise, more than 1 million working people would no longer need to rely on public assistance. For every $1 that wages rise among these low-wage workers, spending on government assistance programs falls by roughly $5.2 billion. Because this estimate is conservative and does not include the value of Medicaid benefits, it has the potential to be even higher.

Other findings from the paper include:

Raising the minimum wage to $12 by 2020 would reduce public assistance spending by $17 billion. These savings could be used to make improvements other anti-poverty programs, such the President Barack Obama’s proposal to expand the national school lunch program to provide food for children during the summer months."

EPI

So essentially $12 an hour us a more accurate amount, not $15. I believe $15 an hour is the failed experiment in Seattle.

Historically it hurts a small percent of minimum wage workers because it puts them out of a job but it helps over 90% of the bottom 30% of earners.

This is the exact same thing I said last time before you started jumping in and saying I don't know anything about economics as if it has historically turned out any different than I'm saying

Ebbandflow just doing ebbandflow things

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They have an agenda.

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Show how they are wrong and please use a complete look at history instead of just shooting something down bc you think they much dems.

Not mine comrade....