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re: Tariffs. What libertarian Economists don't grasp and more.

Posted on 3/26/25 at 4:33 pm to
Posted by Flats
Member since Jul 2019
28047 posts
Posted on 3/26/25 at 4:33 pm to
quote:

It was a question.



It was? You can’t even keep up with your own claims.
quote:

So you are pro open borders too.
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3996 posts
Posted on 3/26/25 at 4:34 pm to
29 U.S. Code § 203 - Definitions

(m)
(1) “Wage” paid to any employee includes the reasonable cost, as determined by the Administrator, to the employer of furnishing such employee with board, lodging, or other facilities, if such board, lodging or other facilities are customarily furnished by such employer to his employees: Provided, That the cost of board, lodging, or other facilities shall not be included as a part of the wage paid to any employee to the extent it is excluded therefrom under the terms of a bona fide collective-bargaining agreement applicable to the particular employee: Provided further, That the Secretary is authorized to determine the fair value of such board, lodging, or other facilities for defined classes of employees and in defined areas, based on average cost to the employer or to groups of employers similarly situated, or average value to groups of employees, or other appropriate measures of fair value. Such evaluations, where applicable and pertinent, shall be used in lieu of actual measure of cost in determining the wage paid to any employee.
(2)
(A) In determining the wage an employer is required to pay a tipped employee, the amount paid such employee by the employee’s employer shall be an amount equal to—
(i) the cash wage paid such employee which for purposes of such determination shall be not less than the cash wage required to be paid such an employee on August 20, 1996; and
(ii) an additional amount on account of the tips received by such employee which amount is equal to the difference between the wage specified in clause (i) and the wage in effect under section 206(a)(1) of this title.
The additional amount on account of tips may not exceed the value of the tips actually received by an employee. The preceding 2 sentences shall not apply with respect to any tipped employee unless such employee has been informed by the employer of the provisions of this subsection, and all tips received by such employee have been retained by the employee, except that this subsection shall not be construed to prohibit the pooling of tips among employees who customarily and regularly receive tips.
(B) An employer may not keep tips received by its employees for any purposes, including allowing managers or supervisors to keep any portion of employees’ tips, regardless of whether or not the employer takes a tip credit.
Posted by Flats
Member since Jul 2019
28047 posts
Posted on 3/26/25 at 4:35 pm to
quote:

You need a politicians as a middlemen to be civilized?


I don’t. You probably don’t either.

A lot of people do. Without the threat of force being used against them they’ll do nothing but prey on the weak.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298561 posts
Posted on 3/26/25 at 4:36 pm to
quote:

I don’t. You probably don’t either.

A lot of people do.



Big gov/Activist Gov is for people who cannot self manage.

Small limited gov with lots of freedom is for people who can self govern.

Lots of folks on this board are admitting they cannot self manage and need an arbitrator.
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3996 posts
Posted on 3/26/25 at 4:37 pm to
quote:

This is one of the most insane quotes of all time.

Holmes is one of the most widely cited and influential Supreme Court justices in American history

- wiki

Also:

29 U.S. Code § 203 - Definitions, "wages"
Posted by Ten Bears
Florida
Member since Oct 2018
5029 posts
Posted on 3/26/25 at 4:41 pm to
quote:

quote:
It was a question.



It was? You can’t even keep up with your own claims.
quote:
So you are pro open borders too.


Posted by Jjdoc
Cali
Member since Mar 2016
55614 posts
Posted on 3/26/25 at 4:41 pm to
The search is ran was kn consumer cost. The result is this.


quote:

According to a recent Government Accountability Office (GAO) report, the sugar program costs consumers between $2.5 billion to $3.5 billion annually.
Posted by stuntman
Florida
Member since Jan 2013
10817 posts
Posted on 3/26/25 at 4:43 pm to
Right, so where is "wages" in the statute for "income"?

They defined "income", but nowhere in there did they mention "wages".

The 16th is for the government to be able to tax "income".

We keep going in circles, but this is the crux of the matter.
Posted by BCreed1
Alabama
Member since Jan 2024
6976 posts
Posted on 3/26/25 at 4:43 pm to
Prices go up when the government limits immigration too. And as pointed out, that's straight from Sowell.

Same as your idea of tariffs.

Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138693 posts
Posted on 3/26/25 at 4:43 pm to
quote:

Holmes is one of the most widely cited and influential Supreme Court justices in American history
Quoting a lawyer's assertion as a major tenet of economics is ... odd
Posted by stuntman
Florida
Member since Jan 2013
10817 posts
Posted on 3/26/25 at 4:44 pm to
quote:

Holmes is one of the most widely cited and influential Supreme Court justices in American history



So? It's still a dumb quote and idea from him. Do we get more civilized as taxation increases? You think the insanely high taxes in San Francisco have made them more "civilized"?

Just tell me why you need a politician as a middleman in order to be civilized.
Posted by Ten Bears
Florida
Member since Oct 2018
5029 posts
Posted on 3/26/25 at 4:46 pm to
quote:

sugar program


The sugar program is a government program that maintains the minimum price of sugar. It was authorized by the 2002 Farm Bill. It costs between $2-4B for taxpayers.

It is NOT the cost differential between what Americans pay for sugar minus what Americans would pay if they paid the world market price, which is what the other poster (Taxing Authority) was talking about.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138693 posts
Posted on 3/26/25 at 4:51 pm to
quote:

Do we get more civilized as taxation increases?
That is the logical corollary.

Pol Pot, taxing nearly everything from everyone in Cambodia, should, by Holmes assertion, have led to a very civilized society, if not the most civilized on the planet.
Posted by wackatimesthree
Member since Oct 2019
13389 posts
Posted on 3/26/25 at 5:06 pm to
quote:

And as pointed out, that's straight from Sowell.


So is Sowell an economist who gets it right, or does he get it wrong?

I thought he was in the group that you were arguing was all mistaken.

quote:

Prices go up when the government limits immigration too.


Prices do go up when the government limits immigration. We can see this in the studies that show the downward pressure on the wages for blacks in the inner cities as a result of Biden allowing so many illegals in.

And if there wasn't a federal minimum wage law to content with...

And a welfare state that will give handouts to illegals...

And a corrupt voting system that allows illegal immigrants to aggravate the corruption...

And a law enforcement system that has no way to track or find illegals who commit crimes...

Then throwing the borders wide open would be a great idea.

You left that out in your gotcha'. The libertarian economist view on immigration has always been—and I quote, straight from Milton Friedman—"You can't have both a welfare state and open borders simultaneously."

The libertarian would abolish the minimum wage laws, the welfare state, and would fix the voting system so that only citizens who could prove they were citizens got to vote, and then and only then would he open the border.

I don't know what—if anything—they would do about the law enforcement issue.

This post was edited on 3/26/25 at 5:11 pm
Posted by wackatimesthree
Member since Oct 2019
13389 posts
Posted on 3/26/25 at 5:09 pm to
quote:

Same as your idea of tariffs.


BTW, it's not just my idea. It's what happened as recently as 5 years ago when the same POTUS did the same thing then.

Why is it going to be different this time?
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3996 posts
Posted on 3/26/25 at 5:12 pm to
quote:

NC_Tigah
quote:

odd


I have yet to read one of your posts that isn't "odd".
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3996 posts
Posted on 3/26/25 at 5:26 pm to
quote:

It's still a dumb quote and idea from him.


Okay, there's this guy on the internet who doesn't know how "income" or "wage" is defined.

Then there's one of the most respected, and quoted, members EVER of the Supreme Court.

I'm thinking the one with the dumb ideas isn't the former justice.
quote:

Just tell me why you need a politician as a middleman in order to be civilized.

You really need to start learning some definitions. One person does not a civilized society make. Nor does one politician make a government.
Posted by Penrod
Member since Jan 2011
55367 posts
Posted on 3/26/25 at 5:33 pm to
quote:

People pay for goods and service all the time, yet they are "greedy".

Who is going to pony up for a military defense? If I pay zero, I know that Elon, Zuck, et al will cover it, so I’m not paying. But do you think those guys are going to pay for a military and not use it to rule the rest of us?

Some things government currently does could be privatized successfully, other things are a waste of money anyway, but there is a third group that only the government can do and it won’t happen in a just fashion without taxes levied.
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/26/25 at 6:02 pm to
quote:

BCreed1


i Am ToTaLlY iGnOrInG yOu!!!$%!!!!

Also....

Look. At. The. Arrows.
Posted by Taxing Authority
Houston
Member since Feb 2010
63267 posts
Posted on 3/26/25 at 6:25 pm to
quote:

All people who are anti illegal immigration is now democrats?
Sorry man. I’m not in the mood to do basic reading comprehension. I hope get the attention you seek.
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