Higher Wages, Higher Prices

[WinePusher]

[youtube][/youtube]

This video succinctly demonstrates how many people (liberals in particular) are willing to talk the talk, but unwilling to walk the walk when it comes to issues like higher wages and poverty.

Questions:

1) Would you be willing to pay 15% more when you go shopping in order for the workers to received a 15% pay increase?

2) Would you be willing to pay 15% more in taxes if it meant that all this money would go to help the poor?

[chris_brown207]

Yea, it seems like many of the liberals on this forum don't really understand how the economy works. They all have their preconceived opinions about how the economy should be organized, but unforunately for them all their opinions are uninformed by facts and economic theory. It never ceases to amaze me how so many liberals don't even understand how a simple concept like supply and demand works. And then of course, all of their arguments are completely senseless and predictable, they'll either say something like "The rich are evil, corporations are evil, government good, if you no like government you hate poor ppl and you want workers to starve and die in factories."

I realize I am coming in off the street to throw in a quick complaint here, but this was the first thread I opened having been away a little while. Seeing the above comment bothered me because it is a blanket attack against an unnamed group ("the liberals") with the inference being that it is pointed at those that are providing counterarguments to his. Seeing as how he was just complaining earlier about an insult pointed directly at him, it would seem that he would be a little bit more mindful of comments that could be construed as attacks against those he is genteely debating with...

[WinePusher]

Yea, it seems like many of the liberals on this forum don't really understand how the economy works. They all have their preconceived opinions about how the economy should be organized, but unforunately for them all their opinions are uninformed by facts and economic theory. It never ceases to amaze me how so many liberals don't even understand how a simple concept like supply and demand works. And then of course, all of their arguments are completely senseless and predictable, they'll either say something like "The rich are evil, corporations are evil, government good, if you no like government you hate poor ppl and you want workers to starve and die in factories."

I realize I am coming in off the street to throw in a quick complaint here, but this was the first thread I opened having been away a little while. Seeing the above comment bothered me because it is a blanket attack against an unnamed group ("the liberals") with the inference being that it is pointed at those that are providing counterarguments to his. Seeing as how he was just complaining earlier about an insult pointed directly at him, it would seem that he would be a little bit more mindful of comments that could be construed as attacks against those he is genteely debating with...

First of all, I don't claim to be 'gently debating' with anyone. Second of all, how is it a blanket attack to claim that a group of people are uninformed when it comes to economics? It is no different from how atheists claim Christians are ignorant of science, or how Christians oppress and persecute gay people. I am just stating an 'astute observation.' Supporting minimum wage laws demonstrates a lack of understanding of how supply and demand functions, or how wages are determined by marginal productivity. Supporting higher taxes on the rich demonstrates no understanding of how fiscal and tax multipliers work. Supporting more government spending shows no understanding of concepts like artificial demand, the crowding out effect and opportunity costs.

Darias is right, you are wrong. If you're going to spout off your opinions about particular issues you should have an actual understanding of the economic theories that underlie it. Btw, I am not speaking to you directly from what I can tell you have a good grasp of economics. I'm speaking generally.

[JohnPaul]

Yea, it seems like many of the liberals on this forum don't really understand how the economy works. They all have their preconceived opinions about how the economy should be organized, but unforunately for them all their opinions are uninformed by facts and economic theory. It never ceases to amaze me how so many liberals don't even understand how a simple concept like supply and demand works. And then of course, all of their arguments are completely senseless and predictable, they'll either say something like "The rich are evil, corporations are evil, government good, if you no like government you hate poor ppl and you want workers to starve and die in factories."

I realize I am coming in off the street to throw in a quick complaint here, but this was the first thread I opened having been away a little while. Seeing the above comment bothered me because it is a blanket attack against an unnamed group ("the liberals") with the inference being that it is pointed at those that are providing counterarguments to his. Seeing as how he was just complaining earlier about an insult pointed directly at him, it would seem that he would be a little bit more mindful of comments that could be construed as attacks against those he is genteely debating with...

I believe that the liberals are a large enough group so that an attack against them need not be taken as a personal attack. Unless, of course, you believe that calling you a liberal is the same as saying that you personally are a mush-for-brains idiot?