LIBERTY: The “minimum wage” … … bad economics, poor policy, racist, and stupid!

Thursday, June 22, 2006

http://channel-surfing.blogspot.com/2006/06/random-thoughts-on-senate-race.html

***Begin Quote***

Sen. Menendez voted in favor of increasing the federal minimum wage to $7.25 an hour this week, announcing on the Senate floor that "nine years is far too long" for low-wage workers to wait for the federal government to boost the wage, which currently stands at $5.15 an hour.
*** *** Quoting Menedez *** *** 

Nine years is too long for those who work round the clock, hoping to save a little extra for groceries, for those working so they can buy schools supplies or clothes for their children, or for those saving so one day they can live in a place they are proud to call home. I ask members of Congress who receive a cost-of-living adjustment, how can they vote to not give those hard working Americans earning minimum wage the first increase in nine years?

***End Quote***

Can we talk? Minimum wage!
The minimum wage isn't for the poor hard working Joe six pack. Minimum wage laws really benefit a very interesting group.

First, the highly paid government "workers" get raises. A rise in the minimum wage jacks up the bottom of the pay table. So all the higher and highly paid "workers" all get a raise.

Second, all the union workers who have a pay table in their contracts gets a bump up.

Third, the politicians get the "moral high ground" as champions of the "little people" while rewarding the government and union workers.

Basat's Law tells us to look for the silent hidden losers in any "economic problem". SO who loses here?

Everyone loses because now they have to pay higher prices. Taxpayers lose because government workers now have to be paid more and, of course, pensions are keyed to that higher rate. People on fixed incomes get a double whammy in higher taxes and higher prices.

So, ANY politician, regardless of flavor, who advocates a higher minimum wage, shouldn't be elected. You shouldn't EVEN consider voting for them. Either that politician is: too stupid to understand the minimum wage is a bad idea OR too dishonest to admit what the truth of the minimum wage.

Is he dishonest or just dumb as a stump?

By the way, minimum wage jobs are the bottom rung on the economic ladder. People don't work at minimum wage jobs for life. They don't support households on them. But they are the training ground for the future great jobs.

The little businesses, the typical employer of minimum wage employees, are hurt by the raise and either have to fore go hiring, layoffs, or downsizing.

So raising the minimum wage is like pulling up the economic ladder to a better life.

And, just a little side effect, an unintended consequence, it impacts the young and the minorities disproportionately.

Oh, and by the way, this law, like all law, is the use of force on a peaceful market transaction. The worker doesn't have to work at that lower rate. With this law, the government puts its guns at the head of the workers and the employers.

Sigh. It seems so obvious!

1 Comment | LIBERTY | Permalink
Posted by reinkefj

LIBERTY: “GIVE ILLEGAL ALIENS SOCIAL SECURITY” … … is the wrong argument!

Thursday, June 22, 2006

—–Original Message—–
From: A Friend Of Mine (yes I have a few)
Sent: Wednesday, June 21, 2006 3:33 PM
To: John Reinke
Subject: Defeat these Senators!

Below is a list of U.S. Senators who just voted to give illegal aliens
Social Security benefits; in essence, your FICA monies. Money to people
who are here illegally. Remember this at election time. They depend on
us to forget, and most of us do.

THESE ARE THE SENATORS WHO VOTED TO GIVE ILLEGAL ALIENS SOCIAL SECURITY
BENEFITS. REGARDLESS OF POLITICAL PARTY, THESE POLITICIANS NEED TO BE
DEFEATED IN 2006, 2008 OR 2010 WHENEVER THEY COME UP FOR OFFICE.
SEND THIS TO ANYONE YOU KNOW IN ANY OF THE STATES LISTED. THE ENTIRE
POPULATION OF THE UNITED STATES NEEDS TO KNOW THIS INFORMATION. THAT IS
UNLESS THEY DO NOT MIND SHARING THEIR SOCIAL SECURITY WITH FOREIGN WORKERS
WHEN AMERICAN CITIZENS ARE BEING LEFT OUT.

—–Reply Message—–
How about if we stop using force on everybody in sight?
As far as bad guys coming in, if we pull our troops home, and stop messing in other people's business, we'll be much much safer.

As far as freeloaders coming in, just end welfare. It's just the theft of people's stuff to give to other people.

So kill social security, all the other forms of government welfare to individual, corporate welfare, the drug war, the public skoolz, and all the myriad of things that the government does!

And, make no mistake, Social Security Insurance, is a deliberate mislabeling of a Ponzi scheme designed to put all older Americans on welfare. Their pay in doesn't even come close to matching the payout. SSI is nothing more than a transfer from poor minority males to old rich white females! SSI has single handedly demolished the traditional family. Before Roosevelt, families of different generations bonded together to help each other. Old folks lived with or near their children and helped with the economics and the grand children. With the advent of SSI, they had the wear with all to move to Florida and "retire". Until such time as then need a nursing home, all of their assets magically disappear and it becomes the government's burden. In the old days, the family figured it out. And, there were charities to help. Remember the old soldiers home, and such? I do.

Then, there will be NO need to use force on people?

Prior to 1924, there was no immigration control. Then, only people willing to work come here. There was a vibrant civil society, outside of the government, to help them. The various fraternal organizations have there roots in the need to help immigrants to land. The Churches had a huge role in social services. All as a balance to government.

See that is all what it is about — government control! They get us fighting over the scraps that they the rulers deign to allow drop from their table. e fight with each other over this issue or that issue.
The free market allows people to CHOOSE what services they want. Only government gets to dictate what services we will pay for.

Arghh!

Let's shine up the Statue of Liberty and get back to those ideals.

7 Comments | LIBERTY | Permalink
Posted by reinkefj

TURKEY: Email, not by account, but by priority!

Thursday, June 22, 2006

Perhaps, I have made a mistake. Well, maybe not a mistake, maybe I am advancing to a new level of thinking a la Enstein's quote, "We can't solve problems by using the same kind of thinking we used when we created them."

I was always pleased with my Outlook structure. I used different email addresses for different purposes. But now I see that the result sometimes is a little muddy. Perhaps, it would be better if certain "inboxes" represented People Gobs. For example all my alum stuff comes in on one email account, networking people on their dedicated accounts, but what about differentiating between strata in that mass of people.

Have to think about that some more?

Leave a Comment » | JOBSEARCH | Permalink
Posted by reinkefj