40% of stores close in Venezuela after minimum wage hike
- Thread starter UCFWayne
- Start date
Article seems pretty fair.
My favorite point was where he compared a 3500% raise in minimum wage to us going to $15 an hour. Lol.
Reminder: this is what Democratic Socialists of America, an extremist party that is slowly taking over the DNC, actually wants. The total eradication of capitalism replaced by a government dominated socialist system.
Attention everyone, please read this very honest and trustworthy description of DSA!
![[roll]](http://l.yimg.com/j/assets/img/emoticons/classic/roll.r191677.gif "roll [roll]")
"I’m a staff writer at the socialist magazine Jacobin and a member of [the Democratic Socialists of America], and here’s the truth: In the long run, democratic socialists want to end capitalism.
In an article for Vox, Meagan Day, a writer for the socialist magazine Jacobin and a democratic socialist, says the goal is to pursue a “reform agenda today in an effort to revive a politics focused on class hierarchy and inequality in the United States.”
Oh, we're taking quotes from 1 person (not in charge of platform) and using it to define official party platforms now?
"I’m a staff writer at the socialist magazine Jacobin and a member of [the Democratic Socialists of America], and here’s the truth: In the long run, democratic socialists want to end capitalism.
In an article for Vox, Meagan Day, a writer for the socialist magazine Jacobin and a democratic socialist, says the goal is to pursue a “reform agenda today in an effort to revive a politics focused on class hierarchy and inequality in the United States.”
Oh I'm sorry, are you now suggesting that the editor of the DSA official magazine and website is not credible? LOL! The guy whose job it is to literally pander to fellow DSA's and push propaganda is "out of step" with most DSA members?
Holy hell. It's unreal what lengths you'll go to in order to live in denial and lies.
Hey guys, Breitbart writers and editors don’t speak for the alt right. There’s no connection there.
DSA is comin for yer capitalism! Watchout!
DSA people are running on providing healthcare to all Americans. An idea so radical and far left that it already exists pretty much everywhere except here.
Stay shook tho.
Which is why I can’t wait for the first debates when DeSantis destroys him on how to pay for government healthcare, when not a single socialist has ever explained how it can be paid for
You could focus on the country that's doing it wrong... for political points... or you could actually take an honest look at countries doing it right. Like Sweden.
Put aside your fear.
http://blog.peerform.com/top-ten-most-socialist-countries-in-the-world/
Put aside your fear.
http://blog.peerform.com/top-ten-most-socialist-countries-in-the-world/
Sweden isn’t a socialist country. There are drawbacks to their system as well. They have higher income taxes but lower corporate taxes. They have deregulated industries. They have gone out of their way to get out of the way of businesses being successful. They take advantage of technological and pharmaceutical advances made in more competitive markets (i.e. the US).
They don’t have the unions or the activist groups that we have here, nor the complexity. You may tout them as socialism done right, but a lot of the things they did would make conservatives and libertarians happy while making leftists scream. The first would be wondering why their corporations weren’t paying their “fair share.”
https://www.intellectualtakeout.org/article/sweden-socialist-no
https://www.google.com/amp/s/www.fo...s-but-nordic-countries-are-not-socialist/amp/
You mean a country of 9.9 million people? Now try it for an entire country instead of something the size of Manhattan.
If any lefties here will actually take the time to read this FP article then you’ll see why we don’t get a boner over Swedish “socialism” like you do.
https://www.google.com/amp/s/foreignpolicy.com/2018/09/05/so-long-swedish-welfare-state/amp/
It’s unsustainable and it’s already falling in on itself under the weight of 2 joint left wing policies: open borders and a massive welfare state. People have been surfing over Sweden’s open border largely in part to simply receive entitled welfare checks and to do nothing else. This pyramid scheme of welfare is now crashing on its own weight and Swedes are pissed off.
Swedish companies are falling behind due to high taxation. Other parts of Europe with low taxation are rapidly luring the better and more educated workers.
Not to mention that Sweden is generally unremarkable.
But I could see why white liberals love it: it’s a mostly white country, with very few other people, who have nationalized most key industries, and send out welfare checks to said white people for merely existing in the country.
https://www.google.com/amp/s/foreignpolicy.com/2018/09/05/so-long-swedish-welfare-state/amp/
It’s unsustainable and it’s already falling in on itself under the weight of 2 joint left wing policies: open borders and a massive welfare state. People have been surfing over Sweden’s open border largely in part to simply receive entitled welfare checks and to do nothing else. This pyramid scheme of welfare is now crashing on its own weight and Swedes are pissed off.
Swedish companies are falling behind due to high taxation. Other parts of Europe with low taxation are rapidly luring the better and more educated workers.
Not to mention that Sweden is generally unremarkable.
But I could see why white liberals love it: it’s a mostly white country, with very few other people, who have nationalized most key industries, and send out welfare checks to said white people for merely existing in the country.
They have a progressive tax rate. At the average income, the rate is 32%. The next two brackets add 25% and 20% to income in those brackets.
From what I can find, the average income is around $50k - 60k USD. The first bracket upcharge kicks in at around $73.5k USD. So, I believe, the majority do not pay 50%.
They do have a 25% VAT for most items. They also have a 30% capital gains tax. I'm not sure what all of that adds up to, but I saw a stat where the average Swedish household has over $22k in disposable income. Given the services that are "free" that do not hit that disposable income, this may be a good tradeoff.
What, exactly, makes it "unsustainable?"
It isn't debt. Sweden's debt to GDP ration sits around 40%, with a 1.3% yearly budget surplus trending positive, while the U.S's is over 105%, with a 3.5% budget deficit and trending worse.
What, exactly, is the determining factor for "Swedish companies are falling behind?"
What, exactly, is the basis for your statement, "Other parts of Europe with low taxation are rapidly luring the better and more educated workers?"
Three questions. Try not to copy and paste this time, and don't like to another article from Nima Sanadaji, because he is extremely biased, not credible, and basically Sweden's version of Neil Boortz.
Holy crap, you literally asked questions that were answered in the article that I asked you to read before commenting. Clearly you did not.
If you don’t see why giving out lavish freebies to everyone in a country with an open border policy that is getting abused to no end, then you just aren’t very smart
Every other civilized nation in the world is more "socialist" compared to the U.S. in the minds of right-wing sheep.
Roughly 70% of Swedish workers are unionized. Social Security expenses for corporations are 31.42% in Sweden, versus 7.65% of the first $128400 in the United States. Capital Gains are taxed as income in Sweden, not in the U.S.
GDP per Capita in Sweden is almost $57K
GDP per Capita in the U.S. is just over $53K
Sooner or later, guys like 85 are going to have to come up with concrete reasons for all of the anti-"socialist" talk, because most statistics don't trend in the U.S.'s favor. We have more dept, and much, much, much, much, less to show for it.
i read the article, and know the author well. Those questions were not answered with any kind of proof.
Answer the questions, Copernicus.
I would suggest Tylenol for the pain. If you get any stupider and the pain increases, see a doctor.
Would you like to answer my questions, since 85 won't?
You're insanely inept at understanding macro economics. You think that Sweden has a materially better economy than the US despite the fact that it revolves entirely around a welfare state that is under siege and needing reform just to keep it afloat.
Do you see any businesses choosing to expand into Sweden? Are there great companies emerging from the high tax, anti-business environment in Sweden?
You ask me to prove that Sweden's welfare state isn't sustainable as-is, and yet this is literally covered in the article that I linked, and confirmed by Swedes given the recent election.
If everything you just wrote is true, then answering my questions should be a simple task.
I dont want to dive into specifics as I dont know much about Swedens economy, but I would say that it is unsustainable in the US for a few different reasons:
1. Being the only world superpower, we spend much more on military and foreign ventures than Sweden does. 700 billion a year isnt chump change. Whether it is a good investment or a bad one is a separate debate.
2. Our aging population due to the boomers coupled with the entitlement mentality of the milennials. We are on a path of fewer workers, and the people who are working want more and more material possessions. If we were a society where grandparents moved into a small home with their grandkids then it would have a better chance of success, but with everyone wanting their own 2300 sq ft home on 3 acres and a BMW in the garage, not so much.
3. Sheer population. To administer these kinds of programs equally to 330 million people takes an awful lot of bureaucracy. China does it, but they leave about 800 billion people out of the system to be subsistence farmers living in squalor. Try leaving 80% of our population out of the system and see what happens.
I'm continually amused at the fact that US left wingers want to destroy totally our economy and rebuild it in the model of an entirely all white, homogenous, tiny country in Scandinavia that economically is irrelevant in the world.
I'm continually amused at the fact that you have no idea what you're talking about when it comes to economics, and still refuse to even attempt to prove the claims that I questioned.
Secondly, I'm amused that you can't comprehend the per capita GDP of Sweden is larger than the United States. So, what other statistics do you use to draw your conclusions, if per capita GDP isn't one of them?
Note, I've never claimed Sweden's model would work in the United States as it stands. Scale, culture, and current levels of corporate greed/corruption, would make it nearly impossible to implement currently. Sweden's model is not the panacea some would attempt to argue, but it also is nowhere close to being the cancer that others attempt to argue without any statistical analysis or proof to back up their obnoxious and simple-minded claims.
You do realize that your GDP per capita figure is actually not nearly as impressive as you think it is, yes? They have a tiny amount of people, they've nationalized their industries and natural resources, they pay people to merely exist, and yet they're a whopping $1,000 ahead on the per capita scale. Wowzers!!
They have less people that North Carolina and despite all of the above, they barely eek out a GDP per capita win vs. a country as diverse and as expansive as ours.
Not to mention their money gets taxed in ways that no one here is subjected to.
I'm dying, here. Seriously. D.Y.I.N.G. You could have written anything else... ANYTHING, and come across more educated. You could have just written "I like turtles." and you would appear smarter than you do after writing that.
...and you still haven't answered anything.
...and for the sake of complete transparency: according the IMF, (I used TradingEconomics, first) the United States actually has a larger GDP per Capita by roughly $3K. Roughly the same amount, yet in the opposite direction.
I'm dying, here. Seriously. D.Y.I.N.G. You could have written anything else... ANYTHING, and come across more educated. You could have just written "I like turtles." and you would appear smarter than you do after writing that.
...and you still haven't answered anything.
...and for the sake of complete transparency: according the IMF, (I used TradingEconomics, first) the United States actually has a larger GDP per Capita by roughly $3K. Roughly the same amount, yet in the opposite direction.
You’re the guy who doesn’t know the difference between deficits and debt yet you hail yourself as an economic student.
DYING
This is obviously another false statement from you, because you continue to dodge my first question which has to do with this exact issue:You’re the guy who doesn’t know the difference between deficits and debt yet you hail yourself as an economic student.
DYING
"What, exactly, makes it "unsustainable?"
It isn't debt. Sweden's debt to GDP ration sits around 40%, with a 1.3% yearly budget surplus trending positive, while the U.S's is over 105%, with a 3.5% budget deficit and trending worse."
What other reasoning, Mr. Weapons Salesman with an MBA, do you use?
Lol true or false- the majority of wealth sitting in your bank account and 401K is from years of working at the largest defense company in the world?
Since you always feel the need to involve personal things about me, I’m just curious to what level you’re being a raging hypocrite hereb
Stop being butthurt and answer the questions. Try to use some of that MBA knowledge you don't use for your salesman job.
You guys can all take your "per capita" and your "GDP" and your "population" arguments and stuff them.
There is one reason and one reason only why Venezuela, Sweden, or any other command or planned economy will NEVER work in the U.S.
America is built on the idea of private property rights, religious freedom, and a pioneering spirt. Herbert Hoover coined a term "rugged individualism" defined as "the virtuous ideal where an individual is totally self-reliant and independent from outside assistance." America was built on these ideas.
Yes, that was a long time ago, and many people have forgotten where they came from, but there will always be enough people here that remember the "dream" that was the United States of America and, god willing, won't let us go down that path to destruction.
There is one reason and one reason only why Venezuela, Sweden, or any other command or planned economy will NEVER work in the U.S.
America is built on the idea of private property rights, religious freedom, and a pioneering spirt. Herbert Hoover coined a term "rugged individualism" defined as "the virtuous ideal where an individual is totally self-reliant and independent from outside assistance." America was built on these ideas.
Yes, that was a long time ago, and many people have forgotten where they came from, but there will always be enough people here that remember the "dream" that was the United States of America and, god willing, won't let us go down that path to destruction.
