Trump Wants to Lower Poverty Line

Sorry langly but I’m not a neo marxist who believes in from each according to their ability, to each - I’m sure you know the rest

 

Dear Republicans:

How is a parent supposed to afford healthcare and food and rent on minimum wage?

 

Langley man seems to have a reasonable outlook on our world

 

Companies in the US make plenty of money, and managers make astronomical amounts of money. All in all,... there is plenty of money that goes around in the US. You can not dispute that, as if the US is a poor nation. That does mean you do not make a compelling argument that the money aint there to raise those wages. We all know the money is there. It currently just ends up in other peoples pockets. That's all.

 

source it

 

You're okay with big corporations stealing from people? Mom and pop stores, little restaurants, etc. run out of business by predator chains? You think stopping them is Marxist? You're more clueless than I thought.

 

As you can see from the graph, the 0.48% of donors who donate $200 + comprises the lions share of campaign money. Only a tiny fraction of Americans actually give campaign contributions to political candidates, parties or PACs. The ones who give contributions large enough to be itemized (over $200) is even smaller. The impact of those donations, however, is huge.

https://www.opensecrets.org/overview/donordemographics.php

 

https://www.investopedia.com/terms/p/profitmargin.asp

At this site https://www.thebalancesmb.com/the-most-profitable-small-businesses-4172017 it shows "Professional, Scientific and IT services" with an 11.9% profit margin, "healthcare" at 9.6%, "Manufacturing" at 4% and "Retail at 2.8%. From my recollection, mobile device producers had the highest profit margin (about 30%) followed by pharmaceuticals (about 20%).

 

Nice and thanks.
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html

That retail you name, is the profit they make from buying food from farmers and selling it to customers.
Would sound ridiculous if that is a high end lucrative business.
On average, the profit margin is +8%

Do note... everybody does groceries ALL the time. It's all about selling massive amount of goods. A retail company like Walmart still has an income measured in the billions, with an utterly massive amount of employers with an income under the poverty line. Trump's tax plan gives Walmart 2 billion more in profits. In return, they are raising the wages to a minimum of 11 bucks an hour. Total cost of that: just 300 million. All in all,... not a compelling case that companies can not pay higher wages.

https://www.vox.com/business-and-finance/2018/5/25/17379730/walmart-stock-buyback-worker-wages

 

You crowd steals from ordinary people and gives it to welfare bums

Right now the worst offenders against freedom are the mega internet giants who are very liberal

 

If Walmart is underpays employees its in part because lib free traders are allowing china to steal our manufacturing jobs that put millions of Americans out of work

That combined with the alien invasion leaves Walmart as the best offer in town

 

I spend a lot of my teaching career helping people learn how to start a business.

You think the little rodent running Facebook is a liberal? Did you fall on your head?

 

I'm not interested in this. I'm interested that a company like Walmart can pay better. And I proved it can. Instead of that it doesn't, and so the people who actually work a full time job are still in need of that tit of the government to make ends meet. And I'm against that. The government just provided a massive tax break for the company, and only 1/7th of that goes to the employers, the rest goes in the pockets of the filthy rich.

I see no reason why the government would not raise the minimum wage for full time jobs, in order to get those people of that tit of the government. The companies can pay this. It only means that less goes to the filthy rich. I fail to see a problem with that, as long as companies can pay and no handouts are needed.

Do note. Walmart has a very small profit margin. Says plenty other companies can pay as well. There is plenty of money going around in the US. It's rich. That half of the working population earns less than 15 bucks an hour and so are just rather poor and on the edge or over the edge for governmental tits... should not be possible.

 

When I studied this, long ago, that 2-3% was for all retail (food, shoes, clothing, books...).

High-end retailers have a much higher profit margin, but there are very few of them.

Not at all clear, do you average each business entity, so Wal-Mart would be the same as the gheto mom and pop shop?

I've been to WalMart and Target, groceries are national brands and there's not much difference in prices.

I know that at the investopedia site they had a chart with just two retailers, Wal-Mart and Target (both at 2.8%) which they compared to Google and Amazon.

I know it is hard to accept someone as rich as Sam Walton would be getting by so affluently on just about 2.8%, people generally think all successful businesses are making huge profits exploiting their underpaid workers, but it isn't that simple. With WalMart or Target you've got "economies of scale" where they can be purchasing everything a producer can make, have the stuff made with their own brand and get it with a big discount, they've got massive overhead, maintenance, insurance, advertising, security, leasing, but they're big employers and get all kinds of tax perks, write-downs and exemptions.

I just want it to be clear it simply isn't true McDonalds or WalMart is making fantastic profits, one should realize these sectors which are labor intensive, don't have that much maneuverability with wages, payroll is a big part of the cost of doing business, so hiking wages just moves them to automation.

 

I sourced that the average is 8%. So you know... that's the number.

I sourced how it is. The company makes billions in sales. They received a tax cut of 2 billion. The pay rise they give to the employers in return is 300 million. Hence about 6/7th of the taxcut ends up at the filthy rich investors. You got no case in claiming the company with such a small profit margin can not pay better. You simply do not. The numbers say it.

They could have given that pay rise costing in total 300 million without Trump, since the company makes like 20 billion in profits. So you know. That retail company can pay that with ease. And there is no reason why the people who WORK... must still be on the tit of the government. The government isn't meant to be a tit for those people. Period.

 

I think he’s. Progressive who is one step removed from a nazi

 

I think you're a bit overexcited about this, what company are you talking about, who got the billions in tax cuts WalMart or Target?

I kept all of my taxcut, didn't share it with anyone, did you share yours, was I supposed to?

Nobody goes into business to help the poor, business is competitive, people in it are seeking profit, it doesn't work otherwise. The government goes into business, doesn't seek a profit, is not at all competitive and ends up losing money, no matter what sector or monopoly, socialist governments try it too, just doesn't work. I think your theory is that less profit would work just as well, its an interesting theory, that's it.

 

Hohhhh-Kayyyyy....

 

Didnt you know progressives and nazis were kissing cousins?

 

Comparing Teddy Roosevelt to Hitler?

 

Not that many people work over 40 hours per week. That is a myth. I bet 95% of US Population or higher work less than 45 hours per week.

 

I've seen the expression before, it is favored by the critical left. The idea is that there are people with full time jobs who just don't earn enough to make ends meet. Since the critical lefties denouncing the low wages of the "working poor" live in high-rent coastal cities like San Francisco, it is easy to see how this would be true. The monthly salary of a full-time worker at minimum wage in San Francisco is less than $2k, while a crummy small studio apartment there runs about $3k/mo.

 

The "working poor" of San Fran lives about an hour away where rent is cheap.

 

I was talking about Walmart. And I already sourced it.
https://www.vox.com/business-and-finance/2018/5/25/17379730/walmart-stock-buyback-worker-wages

The point is... American companies can pay higher wages and keep people out of poverty when working. It's not the job of the government to give handouts to people who actually work.