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The Next President is...


disgruntledemployee

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10 hours ago, Negatory said:

4) One of the biggest ones is probably income inequality. Trickle down economics does not work. I don’t care how many times you’ve been spoon fed that line. Productivity over the last 50 years has gone up - wages have stayed the same (inflation). The system is rigged against America’s youth whether you look at college that costs 70k a year (look up the costs), a dwindling job market (it’s been like this pre-Covid) that was propped up by min wage gig economy jobs, or the disastrous housing crisis. I’m glad I’m in the military, as it solved a lot of these problems, but is the American dream still alive as much as everyone says it is? Policies to increase min wage, provide healthcare, reduce student loans, support unions/workers rights - these will benefit the whole of America. It’s hard to vote for a “billionaire” who literally paid less than I did in tax for multiple years. And before you say he was just playing by the rules, if he cared about the system, he would make a concerted effort to fix the glitches.

...

6) The federal reserve has been used for quantitative easing in a dangerous precedent to prop up the stock market. The US government basically propped up $3T of stocks THIS YEAR and then the president took credit for the economy. The economy is a sham and the fed balance sheet should stop being manipulated. We’re using the coffers of our children for republican talking points.

...

It'd be great if everyone could make more money, but honestly, the only thing raising minimum wage does is push current workers (i.e. me) closer to it. It's nice to make a high(er) multiple of the minimum wage - it's dangerous the lower that multiple becomes. Two other things are overlooked with this argument. The first is that the true minimum wage is $0/hr - no matter what anyone says. The second is that the value of someone's hour of labor is not a fixed amount, and in some cases it's actually negative. Minimum wage seems like a "quick fix" because it appears to immediately get you to the desired end-state, but neither of those facts is side-stepped by it, but it sure does play well with a sector of the working class. Not to mention employers simply adapt the number of employees or the number of hours they work. These things always have unavoidable "side-effects."

The other major factor (or multiple factors) in reference to wages is deflation. We're all worried about inflation, but ask yourself why the Fed is struggling so hard to get it up (sts). It's because there are MAJOR deflationary forces in operation right now. One is technology - which is hugely deflationary (https://www.zdnet.com/article/unstoppable-tech-driven-deflation-will-be-the-next-economic-challenge/). The second is the aging demographic make-up of our society and the concordant reality that people achieve peak spending at an approximate age of 46, at which time it begins decreasing. The higher the average age of an American becomes, the further from that magic number (46) we'll get, and the harder deflation will bite.

In reference to student loans, the moral hazard is extreme (https://en.wikipedia.org/wiki/Moral_hazard). Loaning money is a risky proposition, but at the same time, making good loans is a money-making opportunity. So my question is 'why doesn't the university system back the loans themselves' since they stand to profit from it? Could it be because they don't believe in their own product? The question immediately answers itself. Good loans make money and net positive return. It's because all of the risk has been externalized to the US taxpayer courtesy of the US government. With cost and risk externalized, what incentive is there to not admitting literally everyone? The only long-term solution to this problem is to fully remove the government from the student loan business and allow universities to provide loans to their most promising candidates. As a side-benefit, the positive effect on "X-studies" degrees would be almost instant. The current system is unsustainable. What's in a name? That which we call communism, by any other name would smell just as sour.

That said, I do agree that student loan debt is a problem, but if we're going to agree to waive a magic wand and "forgive" debt, then we absolutely do need to address restitution for those guys that are like him: 

To address the Fed, I agree wholeheartedly. I would only add that we've been overspending for a much longer time than Trump has been in office. Conventional wisdom holds that the Obama years were prosperous, but would you call running up massive credit card debt prosperity when you're unable to pay your bills?

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10 hours ago, M2 said:

My father got a vote-by-mail letter in Florida.

Problem is, he passed away over 14 years ago...

Don't tell me there's nothing wrong with the system!

What is a vote-by-mail letter? Something reminding him to vote?

Unless it's a ballot, what the hell does it matter?

 

If your deceased father was mailed a ballot and voted, you can find evidence of that here:

https://www.dos.myflorida.com/elections/for-voters/check-your-voter-status-and-polling-place/ballot-information-and-status-lookup/

 

If you return negative results, this argument is non-existent. 

 

"Whether you call it Vote by Mail or Absentee Voting, in Florida the election system is Safe and Secure, Tried and True."

                                                                                                                --Donald J. Trump, 45th President of the United States

 

 

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Pretty much nothing will change for my day to day life under Biden. I don't believe that any president has much of an impact on anyone's daily life at a policy level. But I won't have to do daily mental gymnastics to justify the stream of consciousness Twitter rantings of an egotistical asshat so there's that. 

As a military member Trump had a positive effect on my life

I don’t know if you will find to many business owners that don’t think Trump had a positive impact on their businesses.

Trump had a positive effect on minorities and the jobless with his business friendly push for the government.
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24 minutes ago, Guardian said:


As a military member Trump had a positive effect on my life

I don’t know if you will find to many business owners that don’t think Trump had a positive impact on their businesses.

Trump had a positive effect on minorities and the jobless with his business friendly push for the government.

As a military member Trump has caused me to greatly doubt the ability of the CinC to lead the nation in a time of crisis.  That has been an overall negative effect on my life.

My wife is a small business owner: no effect one way or another....local politics and issues have much more impact than who is in the WH.

I suspect that you won't find many minorities and/or jobless who are proud to have DJT in the WH.

A question I've posed in this forum before and gotten little response from DJT devotees: Would you want him as your Wg/CC or Sq/CC?  I recognize that a political leader is a different beast than a military leader, but I simply can't wrap my mind around how someone would follow what DJT is putting out there.

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Interesting question. On somethings yes, break through the status quo and the norm way the Air Force or at least the base does things.

On other things my immediate thought and reaction is no because he hasn’t had the experience in the Air Force our current leaders have. But then I laugh to myself because a lot of our current leaders are ineffective and the fact that the Don stepped into a job that most people have a lot of different and specific poly sci back ground and did it.but not only did he do it, he set our country through 4 of the most prosperous years in its history in many categories. And that burns a lot of people and the media. But that doesn’t make it any less true.

So yeah, I’m game. Let’s see how it works. Funny thing is my vote doesn’t count in the military. It does in the country.

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2 hours ago, ViperMan said:

It'd be great if everyone could make more money, but honestly, the only thing raising minimum wage does is push current workers (i.e. me) closer to it. It's nice to make a high(er) multiple of the minimum wage - it's dangerous the lower that multiple becomes. Two other things are overlooked with this argument. The first is that the true minimum wage is $0/hr - no matter what anyone says. The second is that the value of someone's hour of labor is not a fixed amount, and in some cases it's actually negative. Minimum wage seems like a "quick fix" because it appears to immediately get you to the desired end-state, but neither of those facts is side-stepped by it, but it sure does play well with a sector of the working class. Not to mention employers simply adapt the number of employees or the number of hours they work. These things always have unavoidable "side-effects."

There are economics both for and against the minimum wage. I mean, really, there are for almost every argument:

https://minimum-wage.procon.org

The unions pay for one study, the companies pay for the other. There is probably some amount of truth to both sides, but I firmly disagree that in America the minimum wage should ever be "$0/hr." If you can't pay your employees a living wage, you should lose your rights to be an employer.

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3 minutes ago, Negatory said:

There are economics both for and against the minimum wage. I mean, really, there are for almost every argument:

https://minimum-wage.procon.org

The unions pay for one study, the companies pay for the other. There is probably some amount of truth to both sides, but I firmly disagree that in America the minimum wage should ever be "$0/hr." If you can't pay your employees a living wage, you should lose your rights to be an employer.

My point wasn't that $0/hr was a just minimum wage for actual work. My point was that the unintended consequence of increasing the minimum wage reduces the employment level, thereby leading to layoffs, which in turn, pays $0/hr. You can't employ someone for $15/hr when the value they produce is only worth $10/hr. No website will ever convince me that math is wrong.

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There are economics both for and against the minimum wage. I mean, really, there are for almost every argument:
https://minimum-wage.procon.org
The unions pay for one study, the companies pay for the other. There is probably some amount of truth to both sides, but I firmly disagree that in America the minimum wage should ever be "$0/hr." If you can't pay your employees a living wage, you should lose your rights to be an employer.


What about the worker that agrees to do a job for less than a “living wage” as you put it? What should be done to them since it is a consensual agreement between business owner and employee?

Do you think he meant literally the minimum wage should be $0 or do you think he had another meaning?
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One of over 11,000 affidavit’s legal team says they have. One down 10,999 to go assuming more don’t come forward. And if they are all false, so be it. Each should be taken on its own merit. Not as a cause.
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13 minutes ago, Guardian said:

 


What about the worker that agrees to do a job for less than a “living wage” as you put it? What should be done to them since it is a consensual agreement between business owner and employee?

Do you think he meant literally the minimum wage should be $0 or do you think he had another meaning?

 

I missed the meaning. Got it.

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1 hour ago, ViperMan said:

My point wasn't that $0/hr was a just minimum wage for actual work. My point was that the unintended consequence of increasing the minimum wage reduces the employment level, thereby leading to layoffs, which in turn, pays $0/hr. You can't employ someone for $15/hr when the value they produce is only worth $10/hr. No website will ever convince me that math is wrong.

What're your thoughts on the monopsony theory of minimum wage for low skill labor? Would you consider a minimum wage increase law that self destructs if employment falls below 3% of what it was before law was passed? I fleshed this argument out in detail earlier if you do a search for "monopsony"

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1 hour ago, Guardian said:


One of over 11,000 affidavit’s legal team says they have. One down 10,999 to go assuming more don’t come forward. And if they are all false, so be it. Each should be taken on its own merit. Not as a cause.

500 affidavits alleging 11,000 incidents. Very little information on what these “incidents” entailed. One person is claiming that 60% of a batch of ballots had the same signature on them. OK. Did this person produce any proof? Photographs maybe? If so, why haven’t we seen them? If not, what qualifications did this individual have? Are they an expert in handwriting? What makes them qualified to judge that the signatures were, in fact, identical? Was this person even a poll worker? What was their physical position that allowed them to observe these ballots? The Trump campaign producing little more than hearsay. It’s going to take more than that to convince a judge. Is anyone surprised that 500 people have come forward with fraud claims? Frankly, I’m surprised there aren’t more at this point. Might many of these people be biased? Again, the onus is on the Trump campaign to PROOVE these bold allegations. Five hundred people saying they saw something fishy doesn’t constitute proof. Even if all of their allegations turn out to be true and credible (doubtful), do the votes that are then thrown out tip the scale in Trumps favor? Remember, we’re not just talking one state like 2000. This will have to be the case in several states. If anyone thinks Trump has a fighting chance in this thing, I’ve got a very nice ocean front igloo to sell you in Maui. It’s time to stop the charade. People like Graham, Cruz, and Pompeo who are enabling this circus are only doing further damage to their already shaky legacies. 

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1 hour ago, DosXX said:

What're your thoughts on the monopsony theory of minimum wage for low skill labor? Would you consider a minimum wage increase law that self destructs if employment falls below 3% of what it was before law was passed? I fleshed this argument out in detail earlier if you do a search for "monopsony"

I found your post from August 1st? I have to admit I had never even heard the word monopsony before your post tonight. So with that said, I've spent about 10 minutes thinking about it and I'm not sure who the single buyer for cheap labor is? I feel like there are a great many buyers for cheap labor and only a few buyers for very expensive labor. My gut tells me that it is unavoidable and has been an economic law since before we had a name for it. It just seems to me that as you lower the wage you're willing to work for, the greater the number of potential employers becomes? "Hey I'll work for $10K/hr" vs "I'll work for peanuts."

"While the imposition of a minimum wage on a monopsony employer could increase employment and wages at the same time, the possibility is generally regarded as empirically unimportant, given the rarity of cases of monopsony power in labor markets." (https://courses.lumenlearning.com/suny-microeconomics/chapter/monopsony-and-the-minimum-wage/#:~:text=In a competitive market%2C workers,are less than their MRPs.&text=In a monopsony market%2C however,time as it boosts wages!)

I must not be understanding something. What am I missing?

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5 hours ago, Prozac said:

500 affidavits alleging 11,000 incidents. Very little information on what these “incidents” entailed. One person is claiming that 60% of a batch of ballots had the same signature on them. OK. Did this person produce any proof? Photographs maybe? If so, why haven’t we seen them? If not, what qualifications did this individual have? Are they an expert in handwriting? What makes them qualified to judge that the signatures were, in fact, identical? Was this person even a poll worker? What was their physical position that allowed them to observe these ballots? The Trump campaign producing little more than hearsay. It’s going to take more than that to convince a judge. Is anyone surprised that 500 people have come forward with fraud claims? Frankly, I’m surprised there aren’t more at this point. Might many of these people be biased? Again, the onus is on the Trump campaign to PROOVE these bold allegations. Five hundred people saying they saw something fishy doesn’t constitute proof. Even if all of their allegations turn out to be true and credible (doubtful), do the votes that are then thrown out tip the scale in Trumps favor? Remember, we’re not just talking one state like 2000. This will have to be the case in several states. If anyone thinks Trump has a fighting chance in this thing, I’ve got a very nice ocean front igloo to sell you in Maui. It’s time to stop the charade. People like Graham, Cruz, and Pompeo who are enabling this circus are only doing further damage to their already shaky legacies. 

Oh man the hypocrisy is just hysterical. 

Liberals in 2016: This is our election process, allegations of Russian interference should be thoroughly investigated even if the evidence is thin. 

Conservatives in 2016: This is our election process, allegations of voter fraud should be thoroughly investigated even if the evidence is thin. 

This isn't specific to calling you out Prozac. Your post just made me think of it. This is abundant on both sides. 

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If the message is the WaPO is an amazing paper then yes, it does.

Pennsylvania postal worker's claims of voter fraud come under question

https://www.foxnews.com/politics/pennsylvania-postal-worker-ballot-tampering-claims-questioned
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Unless you did this in Philly, Detroit, Atlanta or Milwaukee... none of the serious claims involve you.

Could that be because Trump is only fighting states where he lost a close race, and is “trusting the system” where he won? So it’s widespread, but only through about 4 locations?


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It'd be great if everyone could make more money, but honestly, the only thing raising minimum wage does is push current workers (i.e. me) closer to it. It's nice to make a high(er) multiple of the minimum wage - it's dangerous the lower that multiple becomes. Two other things are overlooked with this argument. The first is that the true minimum wage is $0/hr - no matter what anyone says. The second is that the value of someone's hour of labor is not a fixed amount, and in some cases it's actually negative. Minimum wage seems like a "quick fix" because it appears to immediately get you to the desired end-state, but neither of those facts is side-stepped by it, but it sure does play well with a sector of the working class. Not to mention employers simply adapt the number of employees or the number of hours they work. These things always have unavoidable "side-effects."
The other major factor (or multiple factors) in reference to wages is deflation. We're all worried about inflation, but ask yourself why the Fed is struggling so hard to get it up (sts). It's because there are MAJOR deflationary forces in operation right now. One is technology - which is hugely deflationary (https://www.zdnet.com/article/unstoppable-tech-driven-deflation-will-be-the-next-economic-challenge/). The second is the aging demographic make-up of our society and the concordant reality that people achieve peak spending at an approximate age of 46, at which time it begins decreasing. The higher the average age of an American becomes, the further from that magic number (46) we'll get, and the harder deflation will bite.
In reference to student loans, the moral hazard is extreme (https://en.wikipedia.org/wiki/Moral_hazard). Loaning money is a risky proposition, but at the same time, making good loans is a money-making opportunity. So my question is 'why doesn't the university system back the loans themselves' since they stand to profit from it? Could it be because they don't believe in their own product? The question immediately answers itself. Good loans make money and net positive return. It's because all of the risk has been externalized to the US taxpayer courtesy of the US government. With cost and risk externalized, what incentive is there to not admitting literally everyone? The only long-term solution to this problem is to fully remove the government from the student loan business and allow universities to provide loans to their most promising candidates. As a side-benefit, the positive effect on "X-studies" degrees would be almost instant. The current system is unsustainable. What's in a name? That which we call communism, by any other name would smell just as sour.
That said, I do agree that student loan debt is a problem, but if we're going to agree to waive a magic wand and "forgive" debt, then we absolutely do need to address restitution for those guys that are like him: 
To address the Fed, I agree wholeheartedly. I would only add that we've been overspending for a much longer time than Trump has been in office. Conventional wisdom holds that the Obama years were prosperous, but would you call running up massive credit card debt prosperity when you're unable to pay your bills?

While I agree with you in principle, I don’t based on my experience in the military. Loose comparison on the student loan forgiveness thing and those who did the right thing vs those who didn’t would be the master’s degree requirement in the AF. Those who came up in that system perpetuated it because they got to positions of power and said, “I had to do it, so everyone who follows me does too!”

I get it, not an apples to apples comparison, but it illustrates the point that when you’re trying to make things better for those that follow you, the path is obviously going to be easier for them, and there isn’t any kind of guarantee you’ll get any type of renumeration or “payback” for what you’ve done. You’re just happy with leaving things better for those that follow.

I don’t expect my kids to pay me back for all I’ve done for them. If I can clear some obstacles I had to fight through in my time in the AF for the Airmen that follow me, I don’t care that I don’t get the time spent on those obstacles back.

If I have to pay for school, and the generations that follow me don’t, I’m okay with that. I agree, it sucks that I lost out on that money, but “a rising tide lifts all ships.”

EDITED TO ADD: I also don’t see how she would be able to pull something like this off. Warren is a hack, and I don’t like her. Crazy expensive and unrealistic. I just wanted to say that I am supportive of the idea if they could find a way to fiscally do it. As many of us know, starting life with significant debt simply to get an education sucks.

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3 hours ago, FLEA said:

Oh man the hypocrisy is just hysterical. 

Liberals in 2016: This is our election process, allegations of Russian interference should be thoroughly investigated even if the evidence is thin. 

Conservatives in 2016: This is our election process, allegations of voter fraud should be thoroughly investigated even if the evidence is thin. 

This isn't specific to calling you out Prozac. Your post just made me think of it. This is abundant on both sides. 

I’m hearing this a lot lately from conservatives. I kind of get the sentiment, but if you remember, the Clinton campaign never contested what was a very close election. Trump’s margin of victory was much slimmer than Biden’s in many swing states and Clinton would’ve been well within her rights to take it to drawn out court battles. She didn’t. She conceded. Democrats then made claims of foreign interference in the election which turned out to be absolutely valid. We are all familiar with the collusion claims and investigations that followed, but despite the right wing tropes, the Democrats never called for “overturning” the election. 

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