Invest.
/s
#soracistit’sprobablytrue
I don’t have the information at my fingertips, but I can only imagine the thought was, “If we have only people with IQs of 100 or above, society will be PERFECT!” Too bad they forgot that society needs people at both ends of the spectrum, because you end up with too many chiefs and not enough indians.
If the bank knew the money they were lending was guaranteed, that meant they’d get it back whether it was from the lendee (?) or the government. They didn’t give a shit. Clinton supported repealing the Glass Steagall Act and then pushed the Financial Services Modernization Act in 1999 which allowed for previously unprecedented mergers of financial institutions, both actions which are blamed for making the 2008 financial crisis worse than it probably would have been.
The Telecommunications Act of 1996 is the reason why scumbags like Rupert Murdoch and Clear Channel can buy up large amounts of media outlets, and also cross platform media, which allowed Comcast to buy up NBC, for example. It’s why Clear Channel owns a majority of the radio stations in the US.
You’re right that regulation IS supposed to keep people safe, and the regulations as they were did that, until guys like Clinton came along. One could potentially make the case that the Clinton administration is partially to blame for the financial crisis of 2008 with its deregulation.
The person who opens the door and invites the vampire colony inside the house, is generally regarded as a monster too.
So yeah.
Clinton was arguably worse than anything that came after him, precisely because he enabled it to follow.
You seem to be under a false impression that raising minimum wage would reduce the dependence of working families on welfare.
When the cost of business increases a business is forced to search for other means to compete.
Previous options such as technology and outsourcing were discarded in the past but now that costs are increasing they are becoming more appealing.
Don’t be surprised to see many people fired or have their hours greatly reduced.
Businesses aren’t just going to magically start paying adults a higher wage, especially for a job that a child can learn in under a week of training that you are forced to do as an adult because you are lazy or decided to cut class when you were school.
What you should be fighting for are for more jobs to return to the US. Working in McDonald’s is not something an adult should be doing, it’s something a child does to make extra cash to save up for college.
Also, it has nothing to do with white/brown/black, stop letting your personal racism cloud your judgement.
You pay 2 people $7.25, both of them need welfare. You pay one person $14.50, and you now only have to pay welfare for one person. When people say they “create jobs”, a lot of them need to put an asterisk next to that statement because creating a new job at minimum wage doesn’t do much for the economy.
I find it asinine that able-bodied people working 40+ hours a week need welfare. If there’s a better solution, I’m all ears.
@just5moreminutes From the sound of it, both of those people would receive the same cash value in welfare benefits in either scenario. And it’s 2 people working instead of one. Sounds more economical do it the current way instead.
The dummies are out in full force this weekend.
Sue DNC, sue DWS, sue Hillary, and then sue Trump.
The sooner we realize that jobs are an archaic thing of the past the better. Embrace our robot laborers, let them toil for us. The concept of “work” is obsolete.
How wonderfully naive to believe that you could automate away scarcity.
The only real way that would work is if you drug the larger population into a stupor, ala Huxley.
Then scarcity disappears because you allow new overlords to dull your wants away… all because you wanted to stick it to your old overlords.
How wonderfully naive.
Think about it in terms of man-hours too. Person 1 still works 40 hours; Person 2 isn’t being paid but can either find another job to use their 40 hours or try to find some other pursuit with the time. Under the old system, both guys lose 40 hours.
OK, who pays for the overwhelming majority of non skilled workers if we get rid of the idea of work? Work is what suistans the overwhelming majority of people, its what supports my mom and dad and gives the oppurtunity to had practically finished school.
People with actual professions should be the ones footing the bill so that people don’t have to work? who by the way have to give up a sizable chunk of their earnings to support people who peruse the arts?
Unless the idea of money is eliminated and somehow people are willing to make corvettes and high performance summer tires so that I can have one and in exchange i will work in other engineering applications for free i’d be game. But moving away and having a sizable chunk of the population living on my dime? I can’t cosign that. I know that’s petty, but fuck them. I won’t readily give up any money so that people can lounge about.
Of course, I understand taht there is an irony in which the only way the idea of money can be eliminated is if there is a huge chunk of population being provided for by others becuase they are utterly useless and money no longer becomes adaquate in compensating people.
Trolling or not…how do you suppose we can achieve this? Nigga the Jetsons were a cartoon, not a true vision of the future.
Even without work, humans have a desire to have fulfilling lives. Without worth through work and merit, life just isn’t the same. You could say this will allow people to pursue other passions and I’d agree, but there are so many economic functions at play that I can’t see a universal income helping out all that much.
For one thing, taxes will inevitably come from people with jobs. They will feel taken advantage of through this new system and can you blame them? So it’s going to be politically endangered until it becomes as entrenched as social security, which is still a favorite target of conservatives who love to ignore the responsibility of a government and the society it oversees.
Another is the rising cost of goods. You can finally afford to buy something, only to have its price go up because now everyone can afford it. So you’re going to have to figure out how to kill inflation if a universal income is going to become a reality. I understand that there exists European countries who do just that, but they aren’t the US and we face a slew of hurdles along the way.
If you really care about universal basic income, pay attention to how the Swiss vote on June 5. They are voting on whether every Swiss citizen gets 30,000 francs a year, regardless of wealth.
Here’s another article fromthe Atlantic published a few months ago that dives deeper into the world of robotic labor. It’s a long but great read. Even jobs like mine aren’t safe from automation, so this will be the first time in history where robots and software can effectively wipe out jobs we thought were safe, from journalism to doctor.
My favorite part of the article:
Incidental.
A few years ago, this really old woman at work asked me for help with something. I helped her out and she commented on how nice all of the employees were. I said, “Well we have to be. Otherwise, they’ll replace us with those stock boy robots they’re always threatening us with.”
She looked stunned. “Oh. I didn’t know they had those…” Then it was time to walk away.
In her defense, they do exist. Your employer just hasn’t had the drive to invest in one yet.
As someone who works in the arts, I wish you and others in this site would stop saying this. It’s uninformed and definitely not the truth, especially since most people who are artists who don’t have daddy’s money supporting them understand that they’re going to have to work to be able to support their creative output. If anything, a lot of artistic people work a full time job and then go home and work on their art/music/whatever, so in essence, they work more hours than some guy who just goes home and sits in front of the Tv after work. Your money isn’t going to “support” these folks and if you truly think it is, you’re being willfully ignorant.
And we’ll never destroy the concept of money. Currency was around before money itself even existed, it’s always been a part of human civilization and always will be.
People who attack the endowment for the arts (which is hilariously small) are hilarious to me. They don’t want to pay for the culture that they love taking in. In essence, they feel entitled to the artistic expression of someone else.
Capitalism at its finest right there.