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Democracy is gone - The Galveston County Daily News : Letters To Editor

December 21, 2014

Democracy is gone

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9 comments:

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  • kevjlang posted at 12:45 pm on Mon, Aug 18, 2014.

    kevjlang Posts: 3185

    I figured you'd catch that.

    This also helps increase the "velocity of money". The theory is that the faster money cycles through the economy, the more growth you can derive from it. Right now, if you look at the velocity of money in our economy in the sense of Michael Phelps freestyling to Jet Boating, we're probably dog-paddling, at best. Our economy is far from a well-oiled machine.

     
  • jtpatlan posted at 6:28 pm on Sun, Aug 17, 2014.

    jtpatlan Posts: 29

    You got it Linda. We met the enemy and it is us. Despite the obstacles- dedication and hard work one can move up the economic ladder.

     
  • gecroix posted at 8:17 pm on Sat, Aug 16, 2014.

    gecroix Posts: 3285

    Minimum wage....minimum wage.....minimum wage.....sqwaaaakkkkkkk....
    How about a MAXIMUM wage, or a really good one....you know, like used to be at least possible to find in fairly good number before they got 'fundamentally changed' into 29.5 hour per week ACA casualties or turned into ZERO hours per week so we could get 'more bang for our buck' with an unemployment check.
    Why are people content to beg for scraps instead of asking WHY they can't get one of those 'green jobs' that evidently pay 2,000,000 bucks, not min wage...at least, that's about what the ideologues in DC used taxpayer money for to create EACH 'job' in 'green energy giveaways...
    So much for 'fair share', huh....
    [whistling][whistling][whistling]

     
  • carlosrponce posted at 6:41 pm on Sat, Aug 16, 2014.

    carlosrponce Posts: 2789

    "[P]eople with more money are more likely to spend it (leading to more goods and services produced and sold), or save it (leading to banks having more money to lend to businesses seeking financing)."
    kevjlang, you sound just like Ronald Reagan! That is the basis of Trickle Down Economics. Good show!

     
  • kevjlang posted at 5:43 pm on Sat, Aug 16, 2014.

    kevjlang Posts: 3185

    It's a factor, but if the higher wage is combined with higher productivity, or if there are other balances in the total production that keep the total cost the same. However, on the flip side, people with more money are more likely to spend it (leading to more goods and services produced and sold), or save it (leading to banks having more money to lend to businesses seeking financing).

    Also, one of the traits of good economies, too, is inflation. I think that in the US, inflation around 3%, give or take, is usually associated with a healthy economy. I think you have to look more at what's driving the inflation rate. If you have a big spike in one sector (for example energy prices in the mid-2000's), other sectors get impacted as the rest of the economy tries to deflate to absorb the blow.

    I'm not crazy about the idea of raising the minimum wage by nearly $3/hr over two years, but I don't think 25 or 50 cents every year or two would have much impact, especially if we can offset at least some of the wage increases with corporate tax reductions. Of course, the tax reductions would need to be offset with govt spending cuts, too, which are needed anyway.

     
  • carlosrponce posted at 2:07 pm on Sat, Aug 16, 2014.

    carlosrponce Posts: 2789

    Raising the minimum raise leads to inflation.

     
  • pflinn posted at 10:07 am on Sat, Aug 16, 2014.

    pflinn Posts: 298

    It could be raised it every 5 years, or so, corresponding to the rate of inflation.

    The July 24, 2009 Federal increase to $7.25 was the last of three steps of the Fair Minimum Wage Act of 2007. The wage increase was signed into law on May 25, 2007, as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. The bill also contained almost $5 billion in tax cuts for small businesses.

    "In April 2014, the United States Senate debated the Minimum Wage Fairness Act (S. 1737; 113th Congress). The bill would amend the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two year period. The bill was strongly supported by President Barack Obama and many of the Democratic Senators, but strongly opposed by Republicans in the Senate and House."

    http://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States

     
  • carlosrponce posted at 6:00 am on Sat, Aug 16, 2014.

    carlosrponce Posts: 2789

    Let's say they raise the minimum wage. They will never be happy and ask for MORE.

     
  • pflinn posted at 5:45 am on Sat, Aug 16, 2014.

    pflinn Posts: 298

    Nowhere in the Pledge of Allegiance does the word, "Democracy," appear. We have a Republic form of government, and we will never have a "pure" democracy. People probably would not be happy with a pure democracy. A pure democracy could lead to tyranny of the minority (which could be as high as 49.9%) by the majority(which could be a low 50.1%).

    I agree that the minimum wage should be raised.

    I agree that the President and Congress (both houses) need to work together to get things done.

    I agree that under the present system, the rich get richer and the poor and middle class get poorer.

    What you can do: Take care of your own family.

    What you can do: Impress your children with the value of an education in a field that uses their talents, they can support themselves, and that they will enjoy. With hard work and dedication, they can (still) "make it" in this great country of ours.

    Freedom is opportunity. Education is an opportunity to improve oneself. The USA is still the Land of Opportunity!