The Minimum Wage Eats Restaurants

[Teddy B 17,252]

1 minute ago, IAMX said:

Forcing businesses that can't afford that percentage increase to their expenses will drive them out of businesses. Clearly high school economics hadn't taught you enough about how businesses function which is why you think corporate centric economic policies work just fine for the vast majority of other businesses. Gotta love liberal imagination. Hence why business owners tend to vote conservatively while inane lefties fruitlessly wish them out of business. 

Why do you automatically think that this percentaged based payroll is going to cut so sharply into a companies profit margin that it will put them out of business. It's percentage based for a reason. Do you know what a percentage of something is? The percentage is based on the companies prior years profits. If a business cannot afford a percentage based payroll then they aren't profitable enough and probably shouldn't be in business to begin with.

 

 

[Teddy B 17,252]

4 minutes ago, IAMX said:

No one is suggesting give more other people's money to corporate CEOs, it's genius liberals who are suggesting taking away from all business owners to undeservingly give more money to bottom rung employees cuz I said so. Crappy policy not made with any semblance of business nor economic knowledge. 100% social justice. 

It appears that after many attempts you still haven't grasped what is being discussed here.

[JimandChristy 1,689]

Never understood the Right's fascination and love in with the Rich. Probably because they fall hook, line and sinker about the American Dream and how you'll become a millionaire one day. 

Also the pity they take on businesses, look at Europe, higher taxes, employees are paid better, businesses seem to do OK over there.

Edited May 16, 2017 by JimandChristy

[IAMX 3,055]

Just now, Teddy B said:

Why do you automatically think that this percentaged based payroll is going to cut so sharply into a companies profit margin that it will put them out of business. It's percentage based for a reason. Do you know what a percentage of something is? The percentage is based on the companies prior years profits. If a business cannot afford a percentage based payroll then they aren't profitable enough and probably shouldn't be in business to begin with.

 

 

Percentage is a euphemism. If you are getting literal, the wage increase is an arbitrary dollar amount. If you knew anything about budgeting you'd know how slim profits are and that the sheer weight adding that much expense to a small business is going to have the opposite effect intended. Companies (that even survive) reduce their overhead which in this case comes from labor so less employees, less hours, etc. The only businesses that don't get hurt by this or have it minimized are the mega corporations who can easily shift overhead around with minimal effect. 

 

Now one can see why business owners tend to be conservative, liberals are all imagination and no practicality. 

 

[Amica Nostra 4,803]

24 minutes ago, JimandChristy said:

The right have no idea what Socialism is, it's just a word they throw out there to scare people. Socialism is already here but they don't even know it.

 

13 minutes ago, CaliCat said:

 

I wonder if those people walk into their bosses office and refuse salary increases because that's SOCIALIST!

 

Boss: Congratulations Winston!

Winston Oh, why?

Boss: The company is happy with your performance, and we’re getting a 10% raise effective immediately.

Winston: Are you mad?

Boss: What?

Winston: You heard me. Are you mad? Are you insane?

Boss: I don’t know what you mean?

Winston: You darn socialist. You can’t give me a raise. You shouldn’t give me a raise.

Boss: But we thought you would appreciate we’re pleased with you.

Winston: You fool. You need the money more than I do. Your lifestyle is more expensive than mine. You have more to lose than I do.

Boss; But..

Winston: No buts. You’re just stupid and you should get fired.

Boss: Don’t push it Winston

Winston: Better yet. I quit. I don’t want to work for a socialist organization Gonna find me a job where I’m exploited and underpaid.

(WALKS OUT AND SLAMS THE DOOR BEHIND HIM)

 

Lets spin the pilot to Fox as a sitcom

[Amica Nostra 4,803]

1 minute ago, IAMX said:

Percentage is a euphemism. If you are getting literal, the wage increase is an arbitrary dollar amount. If you knew anything about budgeting you'd know how slim profits are and that the sheer weight adding that much expense to a small business is going to have the opposite effect intended. Companies (that even survive) reduce their overhead which in this case comes from labor so less employees, less hours, etc. The only businesses that don't get hurt by this or have it minimized are the mega corporations who can easily shift overhead around with minimal effect. 

 

Now one can see why business owners tend to be conservative, liberals are all imagination and no practicality. 

 

Liberals..not left.. double shot on Liberals 

[bcking 3,157]

1 minute ago, IAMX said:

Now one can see why business owners tend to be conservative, liberals are all imagination and no practicality. 

 

Business owners tend to be conservative because the "conservative fiscal policies" typically make it easier for the business owners to focus the wealth in their pockets. The belief in "trickle down economics" allows for a great "friendly slogan" when in reality most "business owners", when given the chance, will plug those holes and cut the trickle off to benefit themselves.

 

In short, they tend to be "fiscally conservative" because that is code for making them more wealthy. It isn't about the health of their business, it's about the health of their bank account.

[Amica Nostra 4,803]

4 minutes ago, IAMX said:

Percentage is a euphemism. If you are getting literal, the wage increase is an arbitrary dollar amount. If you knew anything about budgeting you'd know how slim profits are and that the sheer weight adding that much expense to a small business is going to have the opposite effect intended. Companies (that even survive) reduce their overhead which in this case comes from labor so less employees, less hours, etc. The only businesses that don't get hurt by this or have it minimized are the mega corporations who can easily shift overhead around with minimal effect. 

 

Now one can see why business owners tend to be conservative, liberals are all imagination and no practicality. 

 

No I am fairly sure Percentage is not a euphemism.  I get a percentage of my companies profits and I have never seen any literally device in the envelope.

[CaliCat 3,957]

2 minutes ago, bcking said:

Business owners tend to be conservative because the "conservative fiscal policies" typically make it easier for the business owners to focus the wealth in their pockets. The belief in "trickle down economics" allows for a great "friendly slogan" when in reality most "business owners", when given the chance, will plug those holes and cut the trickle off to benefit themselves.

 

In short, they tend to be "fiscally conservative" because that is code for making them more wealthy. It isn't about the health of their business, it's about the health of their bank account.

 

Business owners tend to be fiscally conservative and socially liberal. 

[IAMX 3,055]

2 minutes ago, bcking said:

Business owners tend to be conservative because the "conservative fiscal policies" typically make it easier for the business owners to focus the wealth in their pockets. The belief in "trickle down economics" allows for a great "friendly slogan" when in reality most "business owners", when given the chance, will plug those holes and cut the trickle off to benefit themselves.

 

In short, they tend to be "fiscally conservative" because that is code for making them more wealthy. It isn't about the health of their business, it's about the health of their bank account.

Who's arguing here for trickle down economics? This is about forcing businesses to arbitrarily incur massive expenses because leftists think they know how to run businesses better than business owners do, or stereotype the vast majority of business owners the same as corporate CEOs. Idiocy in its purest form. 

[bcking 3,157]

1 minute ago, CaliCat said:

 

Business owners tend to be fiscally conservative and socially liberal. 

The only person I know that voted for Trump is actually one of my best friends. We've gotten into arguments about it several times, but he has always been honest and has said that bottom line he did it because he knew he and his family would personally end up better off (wealthier) with Trump as President. His family is worth somewhere on the low side of 9 figures.

 

Most very wealthy people, if you know them personally, will be very honest about this. They vote for fiscal conservatives because they want more money, despite already being incredibly well off. Even my father, who is worth somewhere in the 7 figures, always said that he would vote fiscally conservative so that he could make more money. It's never about benefiting employees or the "little people" in businesses.

[bcking 3,157]

3 minutes ago, IAMX said:

Who's arguing here for trickle down economics? This is about forcing businesses to arbitrarily incur massive expenses because leftists think they know how to run businesses better than business owners do, or stereotype the vast majority of business owners the same as corporate CEOs. Idiocy in its purest form. 

Sorry just to clarify...

 

Is the "massive expense" we are talking about right now paying employees a fair wage?

 

If so I'll go back to something I said earlier. If you can't do that, I'd say your business deserves to go under.

[CaliCat 3,957]

Just now, bcking said:

The only person I know that voted for Trump is actually one of my best friends. We've gotten into arguments about it several times, but he has always been honest and has said that bottom line he did it because he knew he and his family would personally end up better off (wealthier) with Trump as President. His family is worth somewhere on the low side of 9 figures.

 

Most very wealthy people, if you know them personally, will be very honest about this. They vote for fiscal conservatives because they want more money, despite already being incredibly well off. Even my father, who is worth somewhere in the 7 figures, always said that he would vote fiscally conservative so that he could make more money. It's never about benefiting employees or the "little people" in businesses.

 

There is nothing wrong about being fiscally conservative, and that's something many Americans need to learn. There is nothing wrong with having more money, but a little conscience is also required to run a successful business. I mentioned In-N-Out burgers in an earlier thread. The owners are rich and treat their employees with the dignity they deserve, and they're just a burger joint!

 

[IAMX 3,055]

2 minutes ago, bcking said:

The only person I know that voted for Trump is actually one of my best friends. We've gotten into arguments about it several times, but he has always been honest and has said that bottom line he did it because he knew he and his family would personally end up better off (wealthier) with Trump as President. His family is worth somewhere on the low side of 9 figures.

 

Most very wealthy people, if you know them personally, will be very honest about this. They vote for fiscal conservatives because they want more money, despite already being incredibly well off. Even my father, who is worth somewhere in the 7 figures, always said that he would vote fiscally conservative so that he could make more money. It's never about benefiting employees or the "little people" in businesses.

So how many business owners make a net income of 9 figures? Since we're basing our thought of wealthy people around this. 

[bcking 3,157]

2 minutes ago, IAMX said:

So how many business owners make a net income of 9 figures? Since we're basing our thought of wealthy people around this. 

I was giving an example of someone wealthy personally explaining to me why he votes a certain way. You were asking why business owners tend to vote fiscally conservative. The examples of people I know personally all will tell me it is ultimately for them to be wealthier. I obviously can't claim to know every single business owner though. My father inheirited a "small business" (a medical practice) and thought/voted the same way. It wasn't for his employees. It was for his own personal wealth. I have other examples.

Edited May 16, 2017 by bcking