7 setbacks for the middle class

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Originally posted by: pjstroh
What this board is missing is a counterweight to Hoops - someone who is willing to repeatedly post debunked leftist conspiracy theories over and over again. I cant bring myself to do it. But how about lefties? Anyone want to discuss how W blew up the levies in New Orleans with submarines?
The truth has a well-known liberal bias. We'll keep winning by just hewing to reality.

I sell commodity chemicals. Occasionally a large manufacturing plant explodes and 30% of the nations supply suddenly disappears. At that time the most desperate buyers bid prices up...............although the chemical has not become more productive.

When a large volume of our beef gets wiped out due to weather, beef prices go up. Those most willing to pay will still buy beef, while some walk away for lack of interest or ability to pay the higher prices. The cow did not become more productive nor the beef better, yet pricing went up.

Does Jilly have any explaination for higher Vegas room prices on weekends? Is that room somehow more productive, or does the supply/demand curve exlain this? Apparently Jilly isn't so fortunate to understand how pricing is set in the real world.




Quote

Originally posted by: jillyf
Common sense indicates that traffic in a tunnel will increase until another method of traffic proves more reliable. I.e. "demand" expands to use available "supply." An increase in the "supply of unskilled labor" is unlikely to have any effect at all on wage levels, ceteris paribus.

If the "supply of unskilled labor" decreases, there is no reason to believe the remaining "unskilled labor" will become suddenly (or gradually) more productive. Therefore, there is no reason to believe real wages will rise. There would possibly be some "panic" buying that would produce an uptick. The most likely outcome is a subsequent correction in supply.


I sell commodity chemicals. Occasionally a large manufacturing plant explodes and 30% of the nations supply suddenly disappears. At that time the most desperate buyers bid prices up...............although the chemical has not become more productive.

When a large volume of our beef gets wiped out due to weather, beef prices go up. Those most willing to pay will still buy beef, while some walk away for lack of interest or ability to pay the higher prices. The cow did not become more productive nor the beef better, yet pricing went up.

Does Jilly have any explaination for higher Vegas room prices on weekends? Is that room somehow more productive, or does the supply/demand curve exlain this? Apparently Jilly isn't so fortunate to understand how pricing is set in the real world.




Quote

Originally posted by: jillyf
Common sense indicates that traffic in a tunnel will increase until another method of traffic proves more reliable. I.e. "demand" expands to use available "supply." An increase in the "supply of unskilled labor" is unlikely to have any effect at all on wage levels, ceteris paribus.

If the "supply of unskilled labor" decreases, there is no reason to believe the remaining "unskilled labor" will become suddenly (or gradually) more productive. Therefore, there is no reason to believe real wages will rise. There would possibly be some "panic" buying that would produce an uptick. The most likely outcome is a subsequent correction in supply.


PJ's in the habit of changing the subject when he can't address the topic at hand straight on. Here we go again.


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Originally posted by: pjstroh
Quote

Originally posted by: hoops2
Using govt agencies to suppress free speech is likely unconstitutional & smacks of totalitarianism.



You must be referring to the IRS chasing after the NAACP in 2004 at the behest of the Senate...because thats the only time anyone "used" the IRS to go after political opponents. Is that the incident you are referring to Hoops?

https://www.politico.com/story/2013/05/irs-targeted-naacp-in-2004-91284.html



Quote

Originally posted by: Boilerman
PJ's in the habit of changing the subject when he can't address the topic at hand straight on...
Address the topic at hand straight on? Okey-doke.




George, the Treasury inspector general for tax administration, told Democratic Rep. Sandy Levin of Michigan in a letter that just six progressive groups were targeted compared to 292 conservative groups, reports the Washington Examiner.

In Wednesday's letter to Levin, the top Democrat on the House Ways and Means Committee, George also said that 100 percent of conservative groups seeking tax-exempt status were scrutinized, compared to 30 percent of progressive groups.

Levin and other Democrats claimed this week that progressive groups were targeted just as much as conservatives, and pointed to new information showing that the terms "progress" and "progressive" were also on the so-called "Be on the Lookout," or BOLO lists.

"Based on the information you flagged . . . TIGTA performed additional research which determined that six tax-exempt applications filed between May 2010 and May 2012 having the words 'progress' or 'progressive' in their names were included in the 298 cases the IRS identified as potential political cases," wrote George.

"We also determined that 14 tax-exempt applications filed between May 2010 and May 2012 using the words 'progress' or 'progressive' in their names were not referred for added scrutiny as potential political cases."

Democrats have charged that George's initial audit allowed Republicans to over-politicize the IRS handling of applications for special tax status.

"In total, 30 percent of the organizations we identified with the words 'progress' or 'progressive' in their names were processed as potential political cases," George wrote, adding, "In comparison, our audit found that 100 percent of the tax-exempt applications with Tea Party, Patriots, or 9/12 in their names.
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