Grappler Truth Teller Feller wrote on Feb 28
th, 2023 at 7:31pm:
Is a goner..................
All participate in the economy anyway... it's a matter of how much .... same as 'paying taxes' - everybody pays taxes ........over to you.
Wrong of course; 'sit-down money', by definition, is not 'participation in the economy'; and the tax-free threshold in Oz is c.$18,000.
So no tax on the Unemployeds food, rent fuel clothing and such? You're down again, mister. Good policy though... ALL money enables participation in the economy. You, and your teachers, are so far behind.
Quote:So - when you set your viable wage level.... how do you keep it there?
The JG wage is the
minimum legal wage in the economy.
What if there is no work available? Pay them more per hour than the going rate for their work?
Quote:Remember you are talking to the bloke who came up with the concept of a permanently wage-paid unemployed group, selected according to criteria, to keep the economy going - in 1982..... literally people paid a wage to be unemployed .... if politicians and economists demand a permanent level of unemployment, that core of unemployed should be carefully chosen and paid sufficient to live reasonably.... keep the economy alive.
Instead of your "carefully chosen pool of unemployed" who are granted the gift of "sufficient money to live reasonably"; the JG's employed buffer pool is a
variable pool of workers, the number of whom varies according to the condition of the private sector economy.
Easier for order and simplicity to have a core of permanents and a few casuals.
Much more in line with 'mutual obligation', 'personal responsibility' and 'incentive' concepts; and "the best form of welfare is a job".....
Quote:I've outlined for yez years ago how those on limited incomes are a mainstay - social security recipients are guaranteed to put 100% back into the economy thus providing a firm baseline from which government can function knowing the figures, at least partially.
And I'm showing you your errors; poverty - as opposed to your supposed 'sufficiency for reasonable living' - and unemployment, are demoralizing and associated with crime, drug addiction and social dysfunction.
Nobody argues that - only you. It is your solutions that do not work.
Quote:EVERY cent of social security, unless ambushed into some rich person's coffers and spirited offshore or into a local tax haven - goes back to the economy in taxes very quickly. So it is clear that it is the tax havens that need looking at very closely..... not social security.
Er...'social security' (a misnomer) is below the tax-free threshold.
Well it sure ain't welfare, sonny, and it falls under the social security budget.
Quote:Tax havens are where your real dole bludgers are and your budget black holes that grow larger all the time...
Yet the Panama papers revealed some very wealthy people among the tax dodgers, as opposed to 'dole bludgers'; and notice how your terminology has changed from 'social welfare' to 'dole bludger'....
Along with the context to show where the REAL bludgers are, with which you apparently agree but choose to argue about. DUH!
Quote:So slow you people these days.... where you bin - I bin long ago....
I don't attend class - attending class stifles true creativity... John Nash.
Most of us have to learn from the masters in their field.
Who have yet to get a single economic thing right so that it works for all. Start again then and learn properly. Trust the REAL experts.