Actually ending the overtime laws can be in the interest of the worker. Say a worker has a job he likes pretty good that pays 10 dollars an hour which pre tax would be 400 a week for 40 hours but if he wants or needs 600 a week and his company can not afford to pay him 15 dollars an hour to work the 13.3 hours to gain that amount the worker will have to find a parttime job which usually pays the same or a lower wage. If the parttime job pays the same he not only would have to work 20 hours but there is the extra travel time and the fact that the work times between jobs may be a lot but not enough to go home or enjoy other activities, the worker might have 25 to 30 hours invested in that partime 20 hour job plus he might not really like the second job or at least like it as well as he does the full time job. Something else to take into account a worker might perfer to say work 60 hours 1 week and 20 hours the next week or work 80 hours 1 week and have a week off, maybe work 80 hours for a month and have a month off, a couple with kids might benefit with such a deal and not have to pay for daycare, maybe homeschool their children.--- In [email protected], "terry12622000" <[EMAIL PROTECTED]> wrote: > > The Ecoomist a few weeks ago gave some advice to US Democrats, put on > your thinking caps and get creative, don't stand on old school > soundbites, instead of pushing the minum wage which often hurts small > business and the poor unemployed and the fact that many making > miniumwage are not poor expand and extend the earned income credit. I > largely agree, with what the corporate income tax takes in around 280 > billion, that is enough to bring every non senior citizen above the > poverty level, end wage laws including overtime pay, end food stamps > and the Welfare Program, unemployment insurance, end non corporate > business licence and fees, expand and increase the amount of the > earned income credit. End direct support of public schools instead if > the per student spending is 8,500 dollars at least give the parents > a full 8,500 dollar per school age child voucher with no regulations > of schools or teachers, at most only test the child every year and > require the parent to change schools if the child fails if the > parents wants the voucher, give the parent an incentive to save money > for them and the government if the voucher is 8,500 for each child > and the parent can find a school or homeschool for 2,500 let the > parent keep half the savings or in this case 3,000 dollars, 6,000 > dollars for the family with the typical 2 > kids. > Instead of directly supporting Public universities and community > colleges give a voucher instead, give the student an incentive to cut > cost let him keep half the savings.--- In > [email protected], "uncoolrabbit" <uncoolrabbit@> wrote: > > > > There arebig buisnesstax breaks for example, wich are good in the > > sense that they help the economy as over taxing the buisness would > > slow economic growth. However at the same time these tax breaks > > inherently benifit larger corperations as opposed to smaller firms > due > > to the volume of production. This is a system that favors big > > buisiness. So there is economic growth, that makes more jobs. We > want > > more jobs, but then our producing big buisnesses need to stay > > competitive price wise, keeping production costs low by not paying > the > > floor worker on a level of the CEO. So cheap labour is good for > > economic growth also, however there is a cost of living. If wages > are > > to low they is a problem with daily living expenses wich is no > good, > > but you can not solve it with mandating a minumum wage, this only > > serves to raise inflation and unemployment while slowing economic > > growth. How do you resolve this? By keeping in mind the level of > > disposable income when taxing. > > > > Though they pay more of the total of goverment income, individualy > > they are not paying a larger percentage of there disposable income. > It > > works to ways, companies need labourers to get things done and > > labourers need companies to provide jobs. Taxing the labourer puts > a > > strain on the labourer and causes problems ranging form decreased > > productivity to increased crime, slowing the economy. However if > you > > try to tax the buisnisess you again hit the economy and it will be > a > > double blow again as they are interdependant. So how do you best > work > > to maintain a stable economy and move in the direction of a > > libertarian society? > > > > You tax those who are profiting the most off the system, those > > perosnal individuals with the largest disposable incomes, after > all, > > they are making those incomes from the system that is supported by > the > > taxes. > > > > Further more, these are the individuals with the money and power to > > influence goverment's politicians. If you expect change in waste > and > > excessive goverment you will have to wait for that % of the top > > earners to push closer to 100%. Only then will you see the country > > move in a Libertarian direction. > > > > > > > MJ > > > Do elaborate and provide example. > > > > > > Regard$, > > > --MJ > > > > > > I sit on a man's back, choking him and making him carry me, and > > > yet assure myself and others that I am very sorry for him and wish > > > to ease his lot by all possible means -- except by getting off his > > > back. -- Leo Tolstoy > > > > > >
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