Elizabeth Warren

smallcat88

(426 posts)

32. The rich always get richer

Sun Mar 17, 2013, 11:07 AM

Mar 2013

by standing on the backs of the poor. It's a time-honored recipe that goes back to the creation of money and economics. If our society went Star Trek and got rid of money most of the rich would have nothing to contribute, no real skills except how to make money.

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Elizabeth Warren: Why isn't minimum wage $22 an hour like it used to be? [View all] MannyGoldstein Mar 2013 OP

good question. excellent question. DU Rec. Tuesday Afternoon Mar 2013 #1

It would actually be great for the corporate monopolists ErikJ Mar 2013 #69

freedom is slavery tiny elvis Mar 2013 #70

Could be but not enough sales is often prob ErikJ Mar 2013 #71

As long as young people are willing to sacrifice their lives to keep the ruling class in power, valerief Mar 2013 #2

K & R & bookmarked. EW is a treasure! n/t ProfessionalLeftist Mar 2013 #3

Treasure??? Plucketeer Mar 2013 #77

I hope other Democrats take a lesson. nm rhett o rick Mar 2013 #4

Everyone should see this video. Live and Learn Mar 2013 #5

That would actually be a living wage. Cleita Mar 2013 #6

And now there's a bipartisan effort to even reduce curerent COLA calculations MannyGoldstein Mar 2013 #7

Yes, and they want it from poor people and old people. When Cleita Mar 2013 #8

Nixon's trip to China... awoke_in_2003 Mar 2013 #45

Let's talk about the powerful economic stimulus of raising minimum wages. Coyotl Mar 2013 #9

How do Mom & Pop shops get over the initial shock? antiquie Mar 2013 #11

Mom and Pop shops are run by Mom and Pop, that's what a Mom and pop is. Coyotl Mar 2013 #13

I've been there. antiquie Mar 2013 #16

We need laws to help them. Mom and pop get no help from government or Cleita Mar 2013 #14

Supplier discounts would help a lot. antiquie Mar 2013 #18

Have you noticed that there are fewer mom and pop stores than before? MannyGoldstein Mar 2013 #20

Unfortunately, there are a lot less Mom & Pop stores now. antiquie Mar 2013 #26

I think we can agree the Mom and Pop shops don't have large payrolls. snappyturtle Mar 2013 #30

The margins are infinitesimally small, in my experience. antiquie Mar 2013 #31

"As for wages paid out, aren't they considered a cost of doing business and tax deductible?" Bay Boy Mar 2013 #54

I have said it before though and I say it again, I dislike minimum wage rules. cstanleytech Mar 2013 #25

Excellent idea. Let's do that AND raise the minimum wage. nt SunSeeker Mar 2013 #44

Jesse Ventura had the plan Mnpaul Mar 2013 #74

Did the guy HAVE to hold the pen at one point like it was a cigar? Spitfire of ATJ Mar 2013 #10

Maybe. I notice that a lot of ex-smokers do when they are stressed. Cleita Mar 2013 #12

I'm waiting for the Italian Anti-Defamation League to pipe up too. Spitfire of ATJ Mar 2013 #17

are all jobs worth $22/hour to the employer? alc Mar 2013 #15

They wouldn't be hurting. Cleita Mar 2013 #19

Are ANY "jobs" worth several million$/year plus bonuses and stock options? It's pretty simple: NYC_SKP Mar 2013 #22

Quick answer: They used to be.... Spitfire of ATJ Mar 2013 #23

My grocery bill was over $300 last week October Mar 2013 #29

How many people are you feeding? SheilaT Mar 2013 #39

Family of four October Mar 2013 #55

Thank you. SheilaT Mar 2013 #62

1 teenage boy Le Taz Hot Mar 2013 #85

True! My boy eats nonstop. He's an athlete, too (dance) so he's thin as a rail but his metabolism!!! October Mar 2013 #86

Who is asking for the buck... Bay Boy Mar 2013 #53

The store - at checkout October Mar 2013 #57

Probably goes to the... Bay Boy Mar 2013 #59

I believe you may have missed the point Sherman A1 Mar 2013 #48

This Lordquinton Mar 2013 #60

Precisely Sherman A1 Mar 2013 #65

You are wrong. Profits would be shaved, that is all. grahamhgreen Mar 2013 #82

kicking with all my heart! BlancheSplanchnik Mar 2013 #21

Elizabeth Warren proves that women are quite capable of doing the math. JDPriestly Mar 2013 #24

Where I live, something like $12 or 13 bucks an hour would be more like it. In the 70's, brewens Mar 2013 #27

If minimum wage goes up Bay Boy Mar 2013 #58

I started out in the early 70s Bay Boy Mar 2013 #61

In 1976, in California, antiquie Mar 2013 #28

The rich always get richer smallcat88 Mar 2013 #32

" no real skills except how to make money." Smarmie Doofus Mar 2013 #37

The real skill CEOs have is being able to bury their conscience. SunSeeker Mar 2013 #72

Wow! hedgehog Mar 2013 #33

Stunning! Absolutely stunning. pangaia Mar 2013 #34

The age old battle of capital and labor goes on. Bozvotros Mar 2013 #35

No, no, no. She's all mixed up. People are poor today because their schools suck. Smarmie Doofus Mar 2013 #36

Oh, and our schools don't suck, either MannyGoldstein Mar 2013 #38

Gotta use that soldierant Mar 2013 #68

Along with a higher minimum wage, SheilaT Mar 2013 #40

Excellent All Around cantbeserious Mar 2013 #41

Trinkled on rather than trinkle down Major Nikon Mar 2013 #42

K & R !!! WillyT Mar 2013 #43

Yes, we should ALL be asking where the $14.75 went. nt SunSeeker Mar 2013 #46

Love This Woman!! colsohlibgal Mar 2013 #47

K & R AzDar Mar 2013 #49

K&R abelenkpe Mar 2013 #50

The government should give incentives to small business Rosa Luxemburg Mar 2013 #51

It looks like 1968 was the year that Bay Boy Mar 2013 #52

I'm not sure where the $22 hour comes from... Bay Boy Mar 2013 #56

$22 adjusts for productivity gains MannyGoldstein Mar 2013 #64

Thanks for the explanation October Mar 2013 #66

America moved right & workers lost bargaining power MannyGoldstein Mar 2013 #75

because THAT is how the thieving 1% gets their riches Skittles Mar 2013 #63

What happened to the other $14.75? (Hint: corporate profits) TrollBuster9090 Mar 2013 #67

K&R hay rick Mar 2013 #73

Please tell me.... What do I have to do to make this woman President? nt aaaaaa5a Mar 2013 #76

Send these videos to appropriate friends and families? Nt MannyGoldstein Mar 2013 #79

Niiiice. I'm glad Sen. Warren is asking these questions. n/t Beartracks Mar 2013 #78

Finally got to sit and watch this. Autumn Mar 2013 #80

K&R midnight Mar 2013 #81

k&r for Elizabeth Warren. n/t Laelth Mar 2013 #83

Nearly everybody needs a raise. Flatulo Mar 2013 #84