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Title: Doug Smith: The Maximum Wage
Source:
Naked Capitalism
URL Source: http://www.nakedcapitalism.com/2011 ... ug-smith-the-maximum-wage.html
Published: Jul 12, 2011
Author: Doug Smith
Post Date: 2011-07-12 10:54:37 by lucysmom
Keywords: None
Views: 19129
Comments: 35
We face severe and growing income inequality with negative effects on people and the economy. Yet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage. These self-promoting haters actually prefer no wages and indentured servitude – for example using prisoners to replace employees and cheerfully promoting ‘internships’ for the unemployed. They glory in income inequality and wish it to expand instead of contract. Enough of that. They are destroyers of the American Dream. But people who seek to shrink income inequality — to insure life, liberty and the pursuit of happiness for all and not just some — must now focus as much on the maximum wage as the minimum wage. snip For those, however, receiving bailouts, deposit insurance, government guarantees, tax breaks, tax credits, other forms of public financing, government contracts of any sort – and so on – the top paid person cannot receive more than twenty-five times the bottom paid person. This ratio, by the way, is what business visionary Peter Drucker recommended as most effective for organization performance as well as society. It also echoes Jim Collins who, in his book Good To Great, found that the most effective top leaders are paid more modestly than unsuccessful ones. And, critically, it is a ratio that is in line with various European and other nations that have dramatically lower income inequality than the United States.
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#1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0)
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
The minimum and maximum wage should be shoved up some liberals ass until it bleeds.
Thank you for your well reasoned and thoughtful reply.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
It irks me that some CEOs make more in one day than their underlings make in one year. You may accuse me of class envy, but I see it as unfair and unhealthy. Next month two guys I know will lose their jobs they've had for nearly 25 years. Their operation is being passed on to a major contractor. They could apply for jobs with the new organization, but of course they'd get lower pay and fewer benefits. It ain't fair.
No one has the right to tell someone that there is a maximum they can earn. Anyone supporting such a notion should be shot.
They only made it to the second sentence, before falling flat on their faces. This article goes back to the D vs. R false dichotomy, which can only result in nonsensical conclusions. Thus, there is only logical conclusion to your posting of this article: “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
It's not only unfair, it doesn't work - didn't work before, isn't working now.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
And yet it's done all the time.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Eric think he need post irrelevant pictures to his god(s)in lieu of actual blood sacrifice. The problem is... when will he know when god is appeased?
Stopped reading when I hit the above line.
Proxy IP's are amusing.....lmao
And thus the path to ignorance is revealed.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Stopped reading when I hit the above line. And thus the path to ignorance is revealed. Yep, he demonstrate both ignorance and blind hate politically. How bout that, we agree twice today...
Proxy IP's are amusing.....lmao
This has to be the dumbest rant I've ever read. Brain dead leftist loser.
Then it should be easy for you with your self proclaimed 'vastly superior intelligence' and army of statistics at your beck and call, to refute it then.
Ok I admit it. Our secret plan is to put everyone into indentured servitude and then eat their children. That's the way to move forward. What a dipshit.
Keep bleating loonymom... Oh, I forgot, you're now whining-old. When do you switch to another screen-name, so you can continue to have a "conversation?" Whether this hour you're loonymom, whining-old or some OTHER screen-name (gobsheit, perhaps?), it's ALL the same stuff you post: "Socialism GOOD, freedom-lovers BAAAAAAAAAAAAAAAAAD." “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
When do you switch to another screen-name, so you can continue to have a "conversation?" Whether this hour you're loonymom, whining-old or some OTHER screen-name (gobsheit, perhaps?), it's ALL the same stuff you post: "Socialism GOOD, freedom-lovers BAAAAAAAAAAAAAAAAAD." Was it you that recommended reading Richard Weaver? ..."devil terms" are the mirror image, and include words such as Communist and Un-American (Weaver 222-23). Rhetoric, Weaver argued, must employ such terminology only with care. Employing ethical rhetoric is the first step towards rejecting vague terminology with propagandistic value (Johannesen 27). Upon hearing a "god" or "devil" term, Weaver suggested that a listener should "hold a dialectic with himself" to consider the intention behind such persuasive words (Weaver 232). He concluded that "a society's health or declension was mirrored in how it used language" (Young 151). If a language is pure, so too will be those who employ it. Wikipedia
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
She's actually talking to herself on another thread. It's hilarious.
If you are going to strive to be a school teacher you need to be able to discern differences otherwise the students will have you for dinner. They would already be mocking your ignorant statement, and planning on baiting another trap.
Obviously he has no ear for voice.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
It would be easy to fool that one, he's so childlike.
Not even fair to try.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Fooling someone else only fools one's self.
Certainly if one's goal is to lead an authentic life.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
She has continued to talk to herself starting here. Is it multiple personality disorders, or just the lack of getting laid??? Inquiring minds want to know.
Or maybe it's two personalities each inhabiting a separate body - now that's a thought. ...just the lack of getting laid??? Projecting again?
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
I have a beautiful, smart and ambitious wife... And three really smart and beautiful daughters (15, 9, and 3). We're trying for child #4. I wish I got laid every night. I have to settle for 3 to 4 times a week. Again, you have no idea about who I am or what I do. I'm on this board between meetings and phone calls because I need some conflict in my life and I don't want conflict in my business or family. This is therapy for me. I was in Detroit last week on vacation. I was in Houston Monday and Tuesday on business. I even posted on this board from my "Windows Phone 7" at the Fox Skybox at gate E16 in the Bush airport yesterday before I got on my flight to Seattle. I don't always agree with Capitalist Eric, but I learn things from him. Learning is valuable to me. I wish that learning were valuable to you. Unfortunately, it's not. Shame on you. I loved fighting with go65, because at least he attempted to post something that was coherent. I sometimes learned from g065. I've learned nothing from you. You, your alter ego (min- intellect), and Gooberdork are a complete waste of time.
ping
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Now, however, her bumper-sticker sports an ob@m@ sticker, and she follows Orwells' mottos: Because she- as well as gobsheit, brian s. and the others- believe the telescreen, and blindly believe (dare I say "love"?) Big Brother, they naively believe that the war against individuality, selfishness and anybody profiting from the fruits of their labors, will lead to a Utopian world, where all will be treated equally and fairly. She believes the socialist/communist model will prevail, and things like competition, pride and profit, are evil things to be banished. Their dreamed-of Utopia, will in reality be a Dystopian nightmare... And in their ignorance, they will fight to bring about this nightmare, and sacrifice everyone, and everything except themselves, to make it happen. Stephen King once observed, This describes LM/ming, brianS, gobsheit, skippy, go56 and the rest of them are... They will ignore logic and "common sense." They will ignore reality. Because they are religious zealots... Their God... is the state.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
and I'm the Queen of Sheba
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Yep, the government is their god because they are incapable of thinking for themselves. They need and desire someone to take care of them, because they don't have the moral character to take care of themselves. Here's what cracks me up -- the left believes in evolution yet they exhibit the very behavior that would have selected themselves out of the evolutionary gene pool. If evolution is correct, the left should be on death row. I suspect that they are on death row. Yahoo...
I wish I got laid every night. I have to settle for 3 to 4 times a week. Again, you have no idea about who I am or what I do. Yada yada yada. You internet warriors are a dime a dozen. I can see with your lack of discretion, why you had to go the mail order bride route though.
I would bet it already does.... When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!!
Surely you understand statistical process control (SPC) methodologies, yes? While the sample population may include 10 million individuals, when you take a "sample" of only one or two hundred, and they are all rejects, then the logical conclusion is that the vast majority will be, and that further sampling of the population would be a waste of time. Many REAL men reject the stereotypical "Western" woman- materialistic, stupid and brainwashed by feminazi propaganda. A man talks to his friends, sees the looks on their faces, as they describe how they married some American woman- and are now nagged by some fat bitch bimbo, with the "what have you done for me lately?" attitude, and a demand that you must "love me for how I am..." Yeah, all 250#! Get real. You post such bullshit comments, because you're annoyed that any man would dare to call you out for being unacceptable. What makes it so amusing, is that you fancy yourself as being above that, but your comments clearly indicate otherwise. Your attacks of jwpegler have nothing to do with him: they've everything to do with you.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
I've been in 26 countries. I've been to many countries 20+ times each. When I was going through my divorce, I was on Match.com. I dated 55 women in a year. (seriously) But it was even worse than that. I dated one woman for 4 months and another woman for 2 months. I dumped them because they were just too needy. So, I went out with 53 woman in 6 months. I just wasn't finding anyone interesting. I was at the Seattle Mariners game one day with a couple of friends who had gotten divorced before I did. They said: "you've been all over the world, so why are you limiting yourself to women in Seattle???". They were right. So, I starting approaching this like I approach my business -- by setting some goals and figuring out how to accomplish the goals. I like Asian women. I also needed to have someone who was really smart, ambitious, and family-oriented. So, I expanded my search beyond Match.com. I found the woman of my dreams in an Asian country that I've done a lot of business in. We've been married for 4 years. We have a 3 year old daughter, in addition to my 9 and 15 year old daughters. My oldest daughters love my wife. She is the best thing that's happened to our family. We're working on another child. My wife and I are both small business owners. We both have dreams and plans to grow our small businesses into really big businesses. We are so very happy... I'm 52 years old. My 30s and 40s were great from an economic perspective, but not as good from a family perspective. Now I'm looking forward to the best decade of my life with success in both business and family.
On Value and Values: Thinking Differently About We In An Age Of Me
#2. To: lucysmom (#1)
#3. To: A K A Stone (#2)
The minimum and maximum wage should be shoved up some liberals ass until it bleeds.
#4. To: lucysmom (#0)
(Edited)
– the top paid person cannot receive more than twenty-five times the bottom paid person.
#5. To: lucysmom (#3)
#6. To: lucysmom (#0)
Yet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage.
-- Joseph Goebbels --
#7. To: Fred Mertz (#4)
You may accuse me of class envy, but see it as unfair and unhealthy.
#8. To: A K A Stone (#5)
No one has the right to tell someone that there is a maximum they can earn. Anyone supporting such a notion should be shot.
#9. To: Capitalist Eric (#6)
Thus, there is only logical conclusion to your posting of this article:
#10. To: lucysmom (#0)
These self-promoting haters
#11. To: Badeye (#10)
Stopped reading when I hit the above line.
#12. To: lucysmom (#11)
#13. To: lucysmom (#0)
Stupid, stubborn and stoned is no way to go through life
#14. To: jwpegler, lucysmom (#13)
(Edited)
This has to be the dumbest rant I've ever read. Brain dead leftist loser.
#15. To: mininggold (#14)
(Edited)
Stupid, stubborn and stoned is no way to go through life
#16. To: mininggold, jwpegler, lucysmom, Badeye, A K A Stone, Hondo68 (#9)
-- Joseph Goebbels --
#17. To: Capitalist Eric (#16)
Keep bleating loonymom... Oh, I forgot, you're now whining-old.
#18. To: Capitalist Eric (#16)
When do you switch to another screen-name, so you can continue to have a "conversation?"
Stupid, stubborn and stoned is no way to go through life
#19. To: jwpegler (#18)
She's actually talking to herself on another thread. It's hilarious.
#20. To: mininggold, jwpegler (#19)
She's actually talking to herself on another thread. It's hilarious.
#21. To: lucysmom, jwpegler (#20)
Obviously he has no ear for voice.
#22. To: mininggold (#21)
#23. To: lucysmom (#22)
Not even fair to try.
#24. To: mininggold (#23)
Fooling someone else only fools one's self.
#25. To: Capitalist Eric (#16)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#26. To: jwpegler, Capitalist Eric, mininggold (#25)
Is it multiple personality disorders...
#27. To: lucysmom (#26)
(Edited)
Projecting again?
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#28. To: Capitalist Eric (#27)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#29. To: jwpegler (#28)
War is peace.
Freedom is slavery.
Ignorance is strength.The beauty of religion mania is that it has the power to explain everything. Once God (or Satan) is accepted as the first cause of everything which happens in the mortal world, nothing is left to chance…or change. Once such incantatory phrases as “we see now through a glass darkly” and “mysterious are the ways He chooses His wonders to perform” are mastered, logic can be happily tossed out the window. Religious mania is one of the few infallible ways of responding to the world’s vagaries, because it totally eliminates pure accident. To the true religious maniac, it’s all on purpose."
-- Joseph Goebbels --
#30. To: jwpegler (#27)
I'm on this board between meetings and phone calls because I need some conflict in my life and I don't want conflict in my business or family. This is therapy...yada, yada, yada
#31. To: Capitalist Eric (#29)
(Edited)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#32. To: jwpegler (#27)
(Edited)
have a beautiful, smart and ambitious wife... And three really smart and beautiful daughters (15, 9, and 3). We're trying for child #4.
#33. To: A K A Stone (#2)
The minimum and maximum wage should be shoved up some liberals ass until it bleeds.
#34. To: mininggold, jwpegler (#32)
I can see with your lack of discretion, why you had to go the mail order bride route though.
-- Joseph Goebbels --
#35. To: Capitalist Eric (#34)
(Edited)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
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