Trickle down vs Trickle up...

Of course they are. The business owner is always trying to pay the lowest amount possible for labor and the employee is always trying to get the highest wage possible.

There is a balance that must be struck and numerous considerations to be accounted for.

Personally as a business owner I pay the highest wage I can pay in order to maintain a stable productive workforce. Those are my main considerations. Some employers don't value stability in their work force. They either think they can maintain productivity with constant turnover or use propaganda to scare their work force (constantly telling them that there's nothing better "out there").

 

Let me understand. Only the rich have to pay for the single payer system? I knew it.

 

@Golem and I were talking about this:

My question was: How do you know what you are worth?

 

Your worth is a function of your training and experience. It is also determined by the "going rate". What exactly is your point?

 

How will the R tax and regulation reforms help you expand your business and keep valued employees?

 

How would the R tax and regulation reforms have allowed you to grow your businesses?

 

AFM, my lad.... I'm sorry to have to be the one to break it to you. But it has become clear to everybody participating in this conversation, that you have no idea what you're talking about. And I do mean everybody. Even the responses to your posts from your buddies on the right show them clearly scratching their heads wondering "what is this guy talking about?"

And BTW, you repeating "TDS" and "Economics 101" and... all your other "intellect-free taglines"... over and over with no argument whatsoever attached is generally known as "trolling". And it's against the rules of this forum. I don't do the "reporting" crap (unless it's something really really serious). But mods might start catching you in the act at some point.

 

Why would you do that?

 

do what?

 

No! I specifically asked if that was your position. Your answer was (and I quote you) "True"

But your whole post is pointless and ridiculous. You talk about financial assets. This is not about the academic definition of "wealth" or "produce" or... anything of the sort. The word "produce" in the expression "produce wealth" refers to "causes to exist". The example is not a discourse on economics. It's a real world example deliberately designed so that anybody can relate to it.

The question is, if you prefer, "what triggers wealth". What causes wealth to exist? What motivates the baker to produce bread? And it's "spending by the middle class". Pure and simple. Not that he has money "lying around" and, since he doesn't know what to do with it, decides to hire more workers. It's the purchase by the consumer!

You are trying to obfuscate the point. And you can be sure that every single time there is a debate in which one side clarifies, and the other obfuscates, the latter is not the one siding with the facts.

 

Production causes wealth to exist. Production creates wealth, while consumption reduces wealth.

 

But they pay less in health care costs. Single payer is cheaper.

 

Abstract what a "thing" is worth from what anyone has ever agreed to pay for it

 

I don't think that's true. I am fairly sure the vast majority of federal income tax is paid by the middle class. That's why they can't give real tax cuts to the middle class. It would cost too much.

 

But they pay more in taxes. Single payer is not cheaper.

 

No, it is cheaper. It's a fact. Deal with it.

https://www.fraserinstitute.org/blogs/the-reality-of-us-and-canadian-health-care-spending

 

I wouldn't, because there's no other way of knowing it. Value is a subjective thing. It's a relationship between a mind and something external to that mind.

Your labour is an act you commit. It is external to you. There is some price curve within which you value it. There is some return curve within which a prospective employer values it. If the two curves happen to intersect, a deal may be struck.

 

Do you have any questions? If you do... save them.... You wouldn't understand the answers.

 

Re-read the OP. On the first two lines it's explained why he's not paying you what you're worth.

 

Oh... you don't need to ask for my permission to understand. All you need to do is inform yourself. You obviously need it.

 

I got tired of asking @Longshot for his point. Turned out in the end he didn't have one. He simply actually didn't know, I guess....

 

They do? Then why did Trump say "we are the highest taxed nation in the world"?

Are you insinuating that President Trump might have been... (gasp!)... lying?

 

The question is, how do others buy his bread without producing something in return?

 

Not always. Producing something of value is one way to create wealth. If there is no market for your production then there is no wealth. For example. You produce doohickeys. They don't move so you think it's a good idea to make a million to bring the price down because of the economy of scale but if there still isn't a market your production isn't worth squat. On the other hand farmers produce food but it's the traders at the merc she get wealthy.

 

More high comedy. I (and others) have dismantled your mistakes repeatedly. ECONOMICS 101 is the only hope. Please do some homework.