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Recently on T.V. I saw news about Nadya Suleman, the mother of octuplets. Later, I saw an interview about the whole situation and she is unemployed and on welfare. She also has 6 other children. Even before she had the octuplets, she was unemployed and on welfare.
What are your thoughts on this?
For me, I think that she is downright irresponsible. She wasn't even out of college yet, but she continued to have children. Could she possibly have a mental problem? Why would you want to have a bunch of children when you know that you cannot support them? What kind of example would this set for the kids? Isn't it bit selfish?
From a Catholic prospective (me being a catholic I decided that I might address this, If you are an Aethiest or do not believe in God, you don't have to respond to this part if you don't want to.) Nadya said that she thought that these children were a gift from God, yet she had conceived these children through in vitro fertilization and from my understanding she had a fertility issue. If she had a fertility issue in the first place, why would the children be a gift from God? So was she really meant to have these babies? Or was it just our human technology playing that made it possible?
That is because you clearly do not understand macroeconomics. For one thing the Salvation Army is not an example of capitalism because they are a non profit organisation. Secondly, the Salvation Army and other such organisations have been having to cut back because so few people are donating in this time of crisis. So the opposite has happened.
The US spends $1.6 trillion on Welfare, and that's just the federal government. Despite the fact that donations to charities have been dropping due to the recession, do you think people would suddenly donate such a large sum? I don't. They would save the extra income they gained from the drop in taxes.
Why do you think, that statistically, single parents with more than 2 children tend to develop attatchment disorders.
Go back a few centuries and these disorders were much more common.
Any evidence for that at all, or are you just using metaphors to make up for your lack of factual evidence. Before the crisis they were experiencing growth of up to 10% p.a. Considering most developed, Western nations grow at around 2-4% p.a this is huge.
You're joking right? You do realise that the entire purpose of economics is to solve the question of there being limited resources and finite wants? That is what the entire study of economics is based on.
Hmm let me explain, there are 4 resources:
Capital
Enterprise
Land
Labour
All of these are limited. Capital is investment. Enterprise is the idea behind a business, Land is land and all the resources located within it and Labour is the workforce. Are these all renewable?
Yes, in America perhaps. What about all the other countries where they do not have this technology. They will be even poorer, if Aerica is using up more resources which are not by the way, renewable.
If there was no minimum wage we would see a return of ****ensian esque industry. Extremely hard work for very low pay, with the very few business owners benefitting. Why would you want to reverse 200 years of progress? In addition people simply would not have the time to have multiple jobs as you suggest, especially if they have families.
I assume you are learning Keynesian econ.?
Don't think that since you are taking economics from a professor, you know more about it than everyone else
Secondly, you are only looking at the current situation. You are talking about right now, how charities are failing.
You cannot say that because they are non profit, they do not work in the way everything else does
Well, that is because welfare is there
You're joking right? The purpose of economics is not to solve �limited resource problems�; it is a lot broader than that. It is the study of how the world works, how the electorate of the world thinks in a combined sense, how capital is produced and destroyed, and how to control/predict these things. There is no such thing as limited resources.
All those things you said are renewable. Capital is not permanent, it can be created, destroyed, and moved. Businesses can be created, destroyed, and acquired. Land can be created (technically), destroyed (technically), and acquired/switch owners. Resources can be made, acquired, and used (by the First Law of Thermodynamics, no resource can be permanently destroyed, it can only change forms. We might �lose� potential energy in different ways, but since we are also continually gaining energy from the sun, there will always be a way to create more resources). The labor force can be increased, decreased, and individually, acquired. None of these things are permanent. They can be created, thus they are renewable. None of these can be permanently lost.
Those that are not advancing, are not because either they don't need to, or a dictator is taking all of the resources for himself/making nuclear weapons.
Every country has plenty of resources, save maybe the Vatican City, and nothing is saying that they have to give America stuff if they are afraid they will run out. Nothing says they have to give anybody anything. On the other hand, every country has something it can produce, or else it would not exist. This product, they can sell the excess for other things they need. America is not using up their resources; if it is anything, America is trading for them.
What does minimum wage do?
Competition will always demand that businesses keep their wages realistic.
Raising minimum wagge would probably lead to inflation, and a very little effect on the real valuye of most normal goods.
Have you read anything I wrote? Are thinking about anything I write before you respond or are you just ignoring it completely? Are you just going to assume that I don't take econ because my views are not the same as yours? I've proved everything you said wrong, and you're so blinded that you can even tell. You keep telling me that my arguments are useless, when they are epically more logical than yours. You are failing epically to defend yourself, because all you do is repeat what you professor and textbooks say, and never think about it. You think you are the only Econ major around here? Yeah thats right, you aren't alone. Before assuming that I am wrong, that haven't read the book I mentioned, read the book yourself, because you obviously haven't. As I said, your textbook and professor are old school. They are useless, cause they have some major flaws. The new economic theories I am studying blow your ideas, your textbooks, your professors, all to bits. I've studied both; yours lose no matter what. I've proved everything you said wrong, and you're so blinded that you can even tell. Try stopping and thinking my words before declaring all of them to be invalid.
No matter what, you will never be able to spread wealth evenly among a society. It is not possible. Some people are always going to be ahead of others, and there is nothing anybody can do about it. Government trying to fix it with welfare is just ridiculous. It shows how liberal and socialist our country is becoming. People think that welfare will solve everything. Well, it doesn't, because it takes away incentive to work. Eventually, more and more people will use welfare, while the rich will have to support them all. When that time comes, the economy will crash because the rich will become poor, and they will jus becom welfare users as well. Charities on the other hand are superior because people will only give when they have excess. You yourself said people are not naturally selfish. Your stupid arguments don't match up. Not ALL people are TOTALLY selfish. Some will donate, especially when they think there is a need. Right now, there is no need because welfare is there to do it for them. Why give more when the government forces you to give already? Without welfare, the poor wouldn't just sit around and smoke and do drugs. They would work hard to find jobs because they need to survive.
Non profit organizations are a big part of the economy. If you just take all of them away, the economy would fail. Non profits are just a clever way of avoiding income taxes. People donate, and they don't need to pay tax on that money. Non profits are businesses like all of the rest of them.
Britian took liberal reforms because it was better than what they had. People in the low classes were treated like slaves/animals. That is why Charles Dickens wrote David Copperfield, because most people didn't know that this was going on. If they didn't know, how would they fix it? And the âfixedâ it with liberal reforms. Even if they did know, humans in higher classes thought themselves âsuperiorâ to lower classes. The poor were like slaves to them. They didn't care.
I do study economics. And the stuff I study shows how ridiculous it is for people like you who believe the world has limited resources. All your textbooks obviously had authors who did not know what they were doing, but instead were just repeated stuff their teachers taught them, who repeated their teachers, who repeated their teacher...etc. I read your site, and it says nothing I didn't disprove in my last post. How many times do I have to repeat? Do I need even simpler detail so that you can understand?
A renewable resource is âa commodity or resource, such as solar energy or wood, that is inexhaustible or replaceable by new growth.â
Machinery can be produced, recycled, destroyed. Notice the words produced? That means that they can be made. Potentially, they can be created faster than current ones break down. They can be replaced by new growth. Money (value/worth) can be added to the economy by making stuff faster than current things break. Thus, the economy can be increased in value. Broken things of worth can be recycled or replaced. Gold for example can be recycled from circuit boards and rings or mined for more. Gold is not âused upâ and cannot spontaneously disappear. It stays on earth (save minuscule amounts used in satellites). It is not destroyed. Understand that now? To say that capital is not renewable is foolish. If it was not renewable, we would be dead. Also, capital can be defined as âthe wealth, whether in money or property, owned or employed in business by an individual, firm, corporation.â This too can be added to. The reason why there are still businesses is because they can be made, not just destroyed. Money can circulate, but an economy's worth can be added to, cause more money to be circulated. Farmers do this by producing food, which is sold for money. Farmers continually add to an economy's worth. Mining does this too. Steel, gold, tin, gems...all add to an economy's worth when mining. The value of the economy can be decreased in some ways, like through burial of trash. Over the years, people can dig it up again and âmineâ for unrecycled resources. Petroleum can be mined, and can be used up, but where did the petroleum come from in the first place? More will be made underground as are all fossil fuels. Everything can be recycled. Fish reproduce. To say they are not renewable is also foolish. As long as humans don't eat them at a faster rate than they can reproduce (which is almost impossible, considering the billions, even trillions of fish in the oceans), it can be considered renewable. Environmentalist laws in the US today require lumber industries to plant trees at a faster rate than they are cut down. Forests are renewable because they can be grown. They cannot be permanently used up unless every tree was cut down at the same time. Minerals can be recycled. They do not spontaneously disappear. Do you think that burying stuff in landfills means that that stuff is gone forever? Of course not. And saying that there is a limited amount of workers in the economy is also stupid. People reproduce. Didn't you mention that the world's population is steadily growing? It isn't like, you hire all the people in the world, and there will never be any more. And businesses. If you couldn't create enterprise, the world wouldn't have any. I see where you are coming from, but if you think about it, we have nothing to worry about. Yes, everything can be used up, but you can make more, so technically, nothing is a limited resource.
That sentence made me chuckle. Gross generalisation. In addition, why would they not 'need' to advance. Is that to accomodate your utopian future of a resource renewable super America?
Every country has plenty of resources, save maybe the Vatican City, and nothing is saying that they have to give America stuff if they are afraid they will run out. Nothing says they have to give anybody anything. On the other hand, every country has something it can produce, or else it would not exist. This product, they can sell the excess for other things they need. America is not using up their resources; if it is anything, America is trading for them.
At extortionate prices. America and other developed countries have a monopsony. They can force these developing nations to force the prices down, because they have such a huge influence ofver the demand side of the market. Why do you think that 20% of the world's population has 80% of its resources?
It ensures that people can receive a minimum wage enabling to live at a relative standard of living considered acceptable in that particular economy.
You based most of this paragraph on what trhe effects of raising minimum wage would be. I am not arguing to raise minimum wage. I am arguing against its abolition.
Then why, throughout history, have workers from nations with no minimum wage always suffered from extreme poverty? The companies have a monopsony. Look at the companies that outsource to lower paid countries eg Nike or take coffee growers for example. They have no choice but to work extremely hard for very low pay, because all the companies willing to employ them are only offering low wages. If you removed minimumj wage, the poor would get much poorer and the rich would get richer and we would revert back to an industrial age style economy.
Also, Vertex, you addressed that jobs will be more available if the minimum wage is abolished, but you did NOT address what Firefly brought up: meager wages and poor conditions were rampant pre-minimum wage laws in both Britain and the United States, particularly after the Industrial Revolutions that took place in both countries.
In addition to this, you did not account for the fact that if the minimum wage laws are abolished, people only have so much time they can commit to working while still maintaining the lifestyle they expect. More profit would be made, but living and working conditions would go down.
That's how it always is; there's a direct and negative correlation between GDP and GPI, meaning that as a country makes more money, living conditions, charities, etc. decrease in value.
Something is wrong with this. GDP and GPI and not connected. Nothing says that when GDP goes up, GPI goes down. When GDP goes up, it can be either that it is growing �wider� (bigger population) or �higher� (better standard of living). Of all things, GPI would most likely not go down. If a countries economy grew, why would living conditions go down? The US's economy grew over the past 2 centuries, and all I can see are clearly better living conditions. I do not see how you came to this conclusion.

Hey, this is not the US. So you got one example. Probably of a country with something going on which would explain it. Do you have a chart showing population for this country, or maybe an article telling where all of this GDP is going? If a country's economy is getting bigger, but peoples' standard of living is going down, something unusual is going on, which you have decided not to mention. Give me the whole truth before you claim I'm wrong.
Ha, nice Zootsuit.
Have you read anything I wrote? Are thinking about anything I write before you respond or are you just ignoring it completely? Are you just going to assume that I don't take econ because my views are not the same as yours? I've proved everything you said wrong, and you're so blinded that you can even tell. You keep telling me that my arguments are useless, when they are epically more logical than yours. You are failing epically to defend yourself, because all you do is repeat what you professor and textbooks say, and never think about it.
You think you are the only Econ major around here? Yeah thats right, you aren't alone. Before assuming that I am wrong, that haven't read the book I mentioned, read the book yourself, because you obviously haven't. As I said, your textbook and professor are old school. They are useless, cause they have some major flaws. The new economic theories I am studying blow your ideas, your textbooks, your professors, all to bits. I've studied both; yours lose no matter what. I've proved everything you said wrong, and you're so blinded that you can even tell. Try stopping and thinking my words before declaring all of them to be invalid.
No matter what, you will never be able to spread wealth evenly among a society. It is not possible. Some people are always going to be ahead of others, and there is nothing anybody can do about it. Government trying to fix it with welfare is just ridiculous. It shows how liberal and socialist our country is becoming. People think that welfare will solve everything. Well, it doesn't, because it takes away incentive to work. Eventually, more and more people will use welfare, while the rich will have to support them all. When that time comes, the economy will crash because the rich will become poor, and they will jus becom welfare users as well.
Charities on the other hand are superior because people will only give when they have excess. You yourself said people are not naturally selfish. Your stupid arguments don't match up. Not ALL people are TOTALLY selfish. Some will donate, especially when they think there is a need. Right now, there is no need because welfare is there to do it for them. Why give more when the government forces you to give already? Without welfare, the poor wouldn't just sit around and smoke and do drugs. They would work hard to find jobs because they need to survive.
Britian took liberal reforms because it was better than what they had. People in the low classes were treated like slaves/animals. That is why Charles ****ens wrote David Copperfield, because most people didn't know that this was going on. If they didn't know, how would they fix it? And the �fixed� it with liberal reforms. Even if they did know, humans in higher classes thought themselves �superior� to lower classes. The poor were like slaves to them. They didn't care.
A renewable resource is �a commodity or resource, such as solar energy or wood, that is inexhaustible or replaceable by new growth.�
I do study economics. And the stuff I study shows how ridiculous it is for people like you who believe the world has limited resources. All your textbooks obviously had authors who did not know what they were doing, but instead were just repeated stuff their teachers taught them, who repeated their teachers, who repeated their teacher...etc. I read your site, and it says nothing I didn't disprove in my last post. How many times do I have to repeat? Do I need even simpler detail so that you can understand?
To say they are not renewable is also foolish. As long as humans don't eat them at a faster rate than they can reproduce (which is almost impossible, considering the billions, even trillions of fish in the oceans),
1) they have more population because they can sustain it with their higher standards of living, so they need the resources
Nowadays, we have child labor laws, human rights, and all that stuff. Do you think businesses could still get away with stuff like that?
If minimum wage was abolished, all that would happen would be more jobs available.
Even if businesses did lower wages, that would mean that stuff is cheaper,
The standard of living was not as high as it is now.
Give me the whole truth before you claim I'm wrong.
Hey, this is not the US.
So you got one example. Probably of a country with something going on which would explain it. Do you have a chart showing population for this country, or maybe an article telling where all of this GDP is going?
If a country's economy is getting bigger, but peoples' standard of living is going down, something unusual is going on, which you have decided not to mention. Give me the whole truth before you claim I'm wrong.
For me, I think that she is downright irresponsible
You can find whatever you want on the internet these days.Thread is locked!
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