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re: I’m convinced Bernie Sanders does not grasp the idea of profit margins
Posted on 5/24/19 at 9:05 pm to HailHailtoMichigan!
Posted on 5/24/19 at 9:05 pm to HailHailtoMichigan!
quote:
Such a dumb talking point.
Welfare raises wage rates. It does not lower them
What? Welfare subsidies what companies have to pay for wages in the market. If you get free food and housing from the government, then the wages you receive don’t have to cover them. Bernie is an idiot, and he attributes this to greed, not failed socialist bullshite, so don’t think I’m supporting him here we should end this welfare idiocy, but it’s absolutely depressing wages.
2
Posted on 5/24/19 at 9:12 pm to HailHailtoMichigan!
Profits are bad because they are generated from average citizens in transactions involving willing participants.
To fix this, we need to take increasingly more money, involuntarily, out of the pockets of average citizens.
Makes perfect sense.
To fix this, we need to take increasingly more money, involuntarily, out of the pockets of average citizens.
Makes perfect sense.
Posted on 5/24/19 at 9:17 pm to HailHailtoMichigan!
Bernie ignores profit margins, and business revenue in general, because he believes that money should be going to the government, not private owners or share holders.
His point in criticizing capitalism is to destroy it.
Posted on 5/24/19 at 9:21 pm to TeLeFaWx
quote:But that is neither Walmart's doing, nor its problem. Welfare qualification income level in the US corresponds to mid-middleclass income level in Italy and much of Europe. Someone is going to drive business off of those numbers.
Welfare subsidies what companies have to pay for wages in the market.
Posted on 5/24/19 at 9:22 pm to HailHailtoMichigan!
But he'll STFU for a vacation villa, ask HRC and the DNC
Posted on 5/24/19 at 9:24 pm to Centinel
quote:
You're correct.
I know. No need for you to tell me.
The rest is just dumb.
Posted on 5/24/19 at 9:24 pm to RogerTheShrubber
quote:
has no understanding of economics, period.
He's even a simpleton for a populist
Lol
Only a moron would post this.
Posted on 5/24/19 at 9:25 pm to BBONDS25
quote:
Your lack of self awareness is staggering.
I’m aware enough to not post to the wrong thread.
How long till you post your example?
Posted on 5/24/19 at 9:26 pm to Centinel
quote:
Well, you are responding to one of the biggest idiots on this forum. He's a tard here and cries like a little bitch on the OT all the time.
Never happened.
Posted on 5/24/19 at 9:27 pm to NC_Tigah
quote:
shows he doesn't even understand basic economic facts.
E.g.,
No it doesn’t.
And you have yet to show he doesn’t understand profit.
Posted on 5/24/19 at 9:29 pm to FightnBobLafollette
quote:
I’m aware enough to not post to the wrong thread. How long till you post your example?
NC Tiger posted 3 examples just below my post asking if when examples were posted you would call Bernie an idiot. As expected, you did not. You are persistent, but you don’t seem to be the brightest bulb. I enjoy your posts, though.
Posted on 5/24/19 at 9:30 pm to NC_Tigah
Mid level income in Italy? Isn’t that $0 with the unemployment there?
Even the illegal black immigrants don’t like Italy’s economy and try to sneak into Austria and France.
Even the illegal black immigrants don’t like Italy’s economy and try to sneak into Austria and France.
This post was edited on 5/24/19 at 10:45 pm
Posted on 5/24/19 at 9:37 pm to TeLeFaWx
quote:
What? Welfare subsidies what companies have to pay for wages in the market. If you get free food and housing from the government, then the wages you receive don’t have to cover them. Bernie is an idiot, and he attributes this to greed, not failed socialist bullshite, so don’t think I’m supporting him here we should end this welfare idiocy, but it’s absolutely depressing wages.
Welfare reduces the labor supply because it raises the reservation wage of unskilled laborers
A reduction in the labor supply increases the price of labor
Posted on 5/24/19 at 9:42 pm to FightnBobLafollette
quote:
None of that shows he doesn’t understand profit.
OP said profit MARGIN, dumbass. Pretty sure you don’t understand it either.
Posted on 5/24/19 at 9:43 pm to HailHailtoMichigan!
quote:
I’m convinced Bernie Sanders does not grasp the idea of profit margins
Why would he? He has never worked for anything that had one.
Posted on 5/24/19 at 9:46 pm to HailHailtoMichigan!
quote:
Welfare reduces the labor supply because it raises the reservation wage of unskilled laborers
A reduction in the labor supply increases the price of labor
Not if people are still working and on welfare because Wal-Mart is working them little enough to still qualify for benefits. In which case, the market price for their labor is being driven down because what the wage has to cover is even lower.
Welfare has gone way up over the years and wages have been stagnant as frick. I love your posts on here most of the time but you’re dead wrong here.
Posted on 5/24/19 at 9:47 pm to HailHailtoMichigan!
quote:
He throws out all these huge profit numbers on twitter for Walmart, McDonald’s, etc and neglects to mention these are huge companies that employ millions.
Hey Bernie...why would companies even try if profits were evil?
He is a true Soviet Bolshevik dressed as a cool little bald dude.
Posted on 5/24/19 at 9:51 pm to TeLeFaWx
quote:
Welfare has gone way up over the years and wages have been stagnant as frick
only if you stay in the same low skill job
Why should anybody make more for existing?
Posted on 5/24/19 at 9:55 pm to TeLeFaWx
Wages are based on marginal productivity of labo r
If Walmart underplays their employees, competitors will swoop in and bid those employees away
If Walmart underplays their employees, competitors will swoop in and bid those employees away
Posted on 5/24/19 at 9:56 pm to HailHailtoMichigan!
quote:
I’m convinced Bernie Sanders does not grasp the idea of profit margins
That's ridiculous, he surely understands profit margins, without the grasp of profit he wouldn't have bought those three houses or the hundred thousand dollar cars. Bernie is all about the profit, he just wants it with more power, that's why he honeymooned in Russia and "shared" his wife with the communist elite.
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