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Old 05-27-2015, 08:01 PM   #1
ThemBombs
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Default has anyone that supports Bernie Sanders here taken an economics class? even just one?

if evidently not,

if you vote for him, you are most likely the same kind of person who would become a hundred thousand dollars in debt and then wonder why the hell no one wants to lend you anymore money when you are about to lose your home, your car, your job, and most likely your family after not even utilizing the most basic of common sense.

how do you people think things get paid for? with pixie dust and unicorn shit?
if Sanders is elected expected a sovereign debt default within two years of his election, followed by the total bankruptcy and economic collapse of the United States and then the rest of the world.

but if the majority of voters are big enough morons to vote for this radical leftist then this country will get exactly what it deserves.
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Old 05-27-2015, 08:07 PM   #2
Lensanity
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

I plan to vote for him even though I disagree with $15 minimum wage. Overall, his economic plans aren't as bad as you make them out to be though.
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Old 05-27-2015, 08:27 PM   #3
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Dude won't even come close to making it out of the primaries. What's the point of getting all worked up about him? He's basically the Democratic version of Ron Paul.
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Old 05-27-2015, 08:30 PM   #4
97 bulls
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by Lensanity
I plan to vote for him even though I disagree with $15 minimum wage. Overall, his economic plans aren't as bad as you make them out to be though.
Whats there to disagree with? All that extra money does is stimilate the economy. You think those people are gonna take their money and hoard it??????
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Old 05-27-2015, 08:35 PM   #5
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by Jailblazers7
Dude won't even come close to making it out of the primaries. What's the point of getting all worked up about him? He's basically the Democratic version of Ron Paul.


I'm a Bernie supporter and this is probably true
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Old 05-27-2015, 08:37 PM   #6
ThemBombs
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by 97 bulls
Whats there to disagree with? All that extra money does is stimilate the economy. You think those people are gonna take their money and hoard it??????
yeah? how many people would lose their jobs if that ever got enacted? how many businesses would shut their doors? do you even understand the effects of minimum wage? you're a great example of a liberal living in socialist la-la land.

http://www.alec.org/publications/minimum-wage/

http://www.forbes.com/sites/timworst...e-minium-wage/
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Old 05-27-2015, 08:56 PM   #7
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by ThemBombs
yeah? how many people would lose their jobs if that ever got enacted? how many businesses would shut their doors? do you even understand the effects of minimum wage? you're a great example of a liberal living in socialist la-la land.

http://www.alec.org/publications/minimum-wage/

http://www.forbes.com/sites/timworst...e-minium-wage/
Totally dismissed my question and point. What do you think the Mcdonalds workers (for example) are gonna do with the extra money????? Please answer this question.
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Old 05-27-2015, 09:03 PM   #8
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

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Originally Posted by 97 bulls
Totally dismissed my question and point. What do you think the Mcdonalds workers (for example) are gonna do with the extra money????? Please answer this question.
even if they spend it all the damage done to the national economy would far outweigh the potential benefits. how are these people gonna spend their money when most of them won't even be able to get hired in the first place? you genuinely think the government sponsored unemployment rate would remain at 5.5%? even that number would look very bad with a $15 minimum wage. and if you're one of those people who genuinely believes someone flipping burgers at McD's deserves to earn $15/hour...



if they want to get paid more, than they should seek an education and earn these higher paying jobs. McJobs are not meant to sustain a household. you can't just strap on a job helmet, squeeze down into a job cannon, and fire off into job land where jobs grow on jobbies.
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Old 05-27-2015, 09:28 PM   #9
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by ThemBombs
even if they spend it all the damage done to the national economy would far outweigh the potential benefits. how are these people gonna spend their money when most of them won't even be able to get hired in the first place?
I never understood this reasoning. Because what you essentially saying is that businesses hire to help the community (and this is an.extremely generous assessment). When they hire for only one reason. NEED. If you pay people a decent wage, theyre gonna support you more. If you get more business wouldw that necessitate more help? Or at the least why would mean layoffs? To put it simply. We both agree that revenues would improve. So why would it hurt businesses????

Quote:
you genuinely think the government sponsored unemployment rate would remain at 5.5%? even that number would look very bad with a $15 minimum wage. and if you're one of those people who genuinely believes someone flipping burgers at McD's deserves to earn $15/hour...



if they want to get paid more, than they should seek an education and earn these higher paying jobs. McJobs are not meant to sustain a household. you can't just strap on a job helmet, squeeze down into a job cannon, and fire off into job land where jobs grow on jobbies.
It's not a matter of who is worth more or whether or not a McDonald's employee is worth $15. Its a matter of having a fair wage.
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Old 05-28-2015, 01:57 AM   #10
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by 97 bulls
I never understood this reasoning. Because what you essentially saying is that businesses hire to help the community (and this is an.extremely generous assessment). When they hire for only one reason. NEED. If you pay people a decent wage, theyre gonna support you more. If you get more business wouldw that necessitate more help? Or at the least why would mean layoffs? To put it simply. We both agree that revenues would improve. So why would it hurt businesses????


It's not a matter of who is worth more or whether or not a McDonald's employee is worth $15. Its a matter of having a fair wage.
A fair wage is what the market will support. Creating an arbitrary minimum doesn't make something fair.

And increasing revenue only helps if you increase it by as much as costs go up. For instance, say labor is I don't know 50% of the cost of production. A value meal costs $6.00 or so. So you little more than double the labor portion of production cost. So say the $3.00 labor portion now becomes 650. You now have to pay. $9.50 for a happy meal(and this ignores that meals at places like whataburger are already $8. You really think you are selling the same amount of happy meals at $9.50 that you sell at $6? You aren't.
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Old 05-28-2015, 02:46 AM   #11
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Are sergeants with 2 years experience really only paid that much annually?

I assume it's because they have a lot of down time?
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Old 05-28-2015, 03:24 AM   #12
97 bulls
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by raiderfan19
A fair wage is what the market will support. Creating an arbitrary minimum doesn't make something fair.


And increasing revenue only helps if you increase it by as much as costs go up. For instance, say labor is I don't know 50% of the cost of production. A value meal costs $6.00 or so. So you little more than double the labor portion of production cost. So say the $3.00 labor portion now becomes 650. You now have to pay. $9.50 for a happy meal(and this ignores that meals at places like whataburger are already $8. You really think you are selling the same amount of happy meals at $9.50 that you sell at $6? You aren't.
Why do they have to raise prices? Mceonalds CEO makes over $9000 an hour. Is that really necessary? According to Bloomberg, thats 150 times more than what the CEO made 20 years ago.
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Old 05-28-2015, 03:27 AM   #13
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Im sorry 580 times more than what the CEO made 20 years ago.

Quote:
Twenty years ago, when Johnson first started at McDonald's, the CEO's compensation was about 230 times that of a full-time worker paid the federal minimum wage. The*$8.75 million*that Thompson's predecessor as CEO, Skinner, made last year was 580 times, according to data compiled by Bloomberg.

Please explain this. Or give me your input
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Old 05-28-2015, 03:40 AM   #14
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Quote:
Originally Posted by 97 bulls
Why do they have to raise prices? Mceonalds CEO makes over $9000 an hour. Is that really necessary? According to Bloomberg, thats 150 times more than what the CEO made 20 years ago.
Where do you think the money comes from otherwise to pay for the increase in wages? You think they are just going to take the raises out of their profits?
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Old 05-28-2015, 03:47 AM   #15
RoseCity07
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Default Re: has anyone that supports Bernie Sanders here taken an economics class? even just one?

Okay random guy on the internet that knows more than Bernie Sanders.
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