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jeff47

(26,549 posts)

47. Because poor people own houses in NYC instead of renting.

Reply to gobears10 (Reply #4)

Sat Aug 8, 2015, 10:50 AM

Aug 2015

You don't get to deduct mortgage interest or property taxes when you don't own your house.

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A $15 national minimum wage doesn't look economically sound to me [View all] gobears10 Aug 2015 OP

Shouldn't the federal tax rate take the same in to account then? Live and Learn Aug 2015 #1

President Obama supports a $12 national minimum wage... gobears10 Aug 2015 #2

also, federal tax rate is different from minimum wage gobears10 Aug 2015 #4

But the deduction differences really only apply to home interest. Live and Learn Aug 2015 #7

Three reasons 1939 Aug 2015 #9

you left out a big one: broadcast rights fishwax Aug 2015 #35

Without the three reasons I noted 1939 Aug 2015 #44

well, yeah, but without broadcast rights there wouldn't be nearly as much income to go around fishwax Aug 2015 #71

Because poor people own houses in NYC instead of renting. jeff47 Aug 2015 #47

Interesting post but would you care to elaborate Juicy_Bellows Aug 2015 #3

this is what RR said... gobears10 Aug 2015 #5

Thanks for the reply. Juicy_Bellows Aug 2015 #6

Right... gobears10 Aug 2015 #11

I hardly think Puerto Ricos economic downturn can be blamed on their minimum wage. Live and Learn Aug 2015 #8

Because social security payments just sit in people's wallets? jeff47 Aug 2015 #51

$15 an hour is just about the bare minimum LuvNewcastle Aug 2015 #10

I agree with your premise that a "modest increase in the minimum wage" is the way to go. Scuba Aug 2015 #12

there's a huge problem with this... gobears10 Aug 2015 #13

Are there companies that can only afford to exist at slave wages? Sure, but they should go out ... Scuba Aug 2015 #16

+1gazillion or so Glassunion Aug 2015 #73

+1000 smirkymonkey Aug 2015 #27

Fordism worked very well for a long time. CanadaexPat Aug 2015 #39

That implies that productivity increases are uniform 1939 Aug 2015 #28

Relavent only if you think its OK for some workers to be paid less than a "living wage" despite ... Scuba Aug 2015 #32

Of course not Lee-Lee Aug 2015 #43

Yes, and retail as well 1939 Aug 2015 #45

They still benefit from productivity gains. jeff47 Aug 2015 #50

But let's not do double accounting. Igel Aug 2015 #68

I disagree My Good Babushka Aug 2015 #14

$15/hr in Austin would be barely minimum living wage. hobbit709 Aug 2015 #15

We've seen the costs of living argument against national minimum wages many times before. Erich Bloodaxe BSN Aug 2015 #17

This ignores the problem... gobears10 Aug 2015 #18

I'm in one of the cheaper parts of the country. Erich Bloodaxe BSN Aug 2015 #25

Workers are not anchored to the ground. jeff47 Aug 2015 #56

And if you don't have the money to move? hobbit709 Aug 2015 #79

Better paid workers do. So they move, and worse-paid workers jeff47 Aug 2015 #82

you're funny. hobbit709 Aug 2015 #83

Boy, what a thorough analysis. jeff47 Aug 2015 #84

And you really believe the wages go up? hobbit709 Aug 2015 #85

No. If you bother reading what I wrote, I never said wages would go up. jeff47 Aug 2015 #86

How much do you live on? Marrah_G Aug 2015 #19

Does it matter? Positrons Aug 2015 #21

Yes it does Marrah_G Aug 2015 #23

i don't see how it's relevant... gobears10 Aug 2015 #26

LOL, okay Marrah_G Aug 2015 #29

You have done neither. nt Logical Aug 2015 #80

Are you suggesting that wealthier - or poorer - people can't support positions outside their own? Scuba Aug 2015 #33

I am suggesting that it is much more difficult Marrah_G Aug 2015 #40

Except you've completely misunderstood the arguments placing an upper bound on the minimum wage. Donald Ian Rankin Aug 2015 #81

And the "kiosks" have already started to appear: 7962 Aug 2015 #20

Love those kiosks and ordering through my phone... Positrons Aug 2015 #22

So tell me... do you get cell service under that bridge? Marrah_G Aug 2015 #24

Aren't you just a little ray of sunshine....? Positrons Aug 2015 #31

Lol! BeanMusical Aug 2015 #65

Effect, meet cause. Igel Aug 2015 #69

LOL! A $10 burger from McDonalds! Rex Aug 2015 #87

? Positrons Aug 2015 #89

Puerto Rico is an island economy--things are more expensive there, not less. MADem Aug 2015 #30

Not just of late. They've had a net outflow for 20 years. (nt) jeff47 Aug 2015 #48

It's gotten worse down the years. nt MADem Aug 2015 #76

Nope, gotta go with the Nobel laureate in economics on this one stevenleser Aug 2015 #34

For this topic, IMO, a Democrat needs to discuss capping MAXIMUM wages. WinkyDink Aug 2015 #36

This is my view as well. PowerToThePeople Aug 2015 #63

No, the highest income folks don't get their income through wages. stevenleser Aug 2015 #66

You can cap those other methods too. PowerToThePeople Aug 2015 #67

How exactly? If a billionaire invests via mutual funds, how do you cap the earnings? stevenleser Aug 2015 #74

Uh, taxing it. PowerToThePeople Aug 2015 #78

Explain that tax rule then. nt stevenleser Aug 2015 #88

I'm confused about your support for a local based approach Bradical79 Aug 2015 #37

Try getting by on $9/hr and then tell me about economically sound. hobbit709 Aug 2015 #38

We need national minimum wage laws A Little Weird Aug 2015 #41

guestion olddots Aug 2015 #42

Imo, all it will do is put many more people on the lowest rung of the income ladder. PowerToThePeople Aug 2015 #46

Why would the company disperse the money? jeff47 Aug 2015 #49

They may choose not to PowerToThePeople Aug 2015 #52

Because we don't have the last 40 years to measure how well that works. (nt) jeff47 Aug 2015 #53

Not saying that changes do not need to be made. PowerToThePeople Aug 2015 #54

Good thing we have real-world experiments to see what would happen. jeff47 Aug 2015 #55

I would not hold E Wa as a successful area for workers PowerToThePeople Aug 2015 #59

ID isn't doing better. That's the point. jeff47 Aug 2015 #60

The reason that E Wa is better than N Idaho imo PowerToThePeople Aug 2015 #62

That's a very Republican idea, to leave people in poverty so the wealthy can do better.You make jtuck004 Aug 2015 #57

Are you still living in the 80's or what 4dsc Aug 2015 #58

your post actually has nothing to do with the minimum wage per se unblock Aug 2015 #61

Your concern for the top 1% has been duly noted. tenderfoot Aug 2015 #64

Its called Federal Minimum Wage? States have to match it, except 2 or 3? states today do not Sunlei Aug 2015 #70

The federal minimum wage definitely needs to be raised. DemocratSinceBirth Aug 2015 #72

Well, in some places you need way more than $15 to afford an apartment. Starry Messenger Aug 2015 #75

I agree, it doesn't look economically sound to me either. panader0 Aug 2015 #77