in 1913 you kept your entire paycheck

[OutHouse]

could you imagine if one day you got your paystub and see every cent you earned as deposited into your bank accountD:? damn the thought of that is mind blowing. think of the purchasing power we the people would have.

 

[jlee]

Yeah...but a life without roads would suck.

 

[alien42]

i was recently thinking about how much money i save a year now that gas is relatively cheap again.

every American who drives was paying a heavy gas/war tax under the previous administration.

 

[pete6032]

The costs of running government are always passed on to people some way or another. We might have higher paychecks but imports would be significantly more expensive from tariffs.

 

[dank69]

Theoretically, the free market would drive your gross pay down to match your current net pay. You are willing to do your job now for your net pay, right? That means other people are willing to do it for that much as well.

 

[OutHouse]

Theoretically, the free market would drive your gross pay down to match your current net pay. You are willing to do your job now for your net pay, right? That means other people are willing to do it for that much as well.

Theoretically wtf are you blabbering about? wtf does getting paid less have to with my OP of keeping all of my pay. OK in your stupid nonsensical post ill get paid less but i keep all of it. happy?

 

[IronWing]

The heavy hitters on payroll deductions would still have to be paid so my paycheck would be HUGE! but so would my expenses.

 

[Brovane]

could you imagine if one day you got your paystub and see every cent you earned as deposited into your bank accountD:? damn the thought of that is mind blowing. think of the purchasing power we the people would have.

No Social Security, No Medicare, No MediCal, No Disability, No Unemployment and extremely small military. In 1913 US Government spending(both state and local) was about 8% of GDP and now it is about 36% of GDP.

 

[sdifox]

Life expectancy was about 50 back then.

 

[SearchMaster]

The costs of running government are always passed on to people some way or another. We might have higher paychecks but imports would be significantly more expensive from tariffs.

Of course, but government spending was about 7% of GDP then and is about 5x that much now. Certainly the government does more now than it did 100 years ago, for better or worse, but money raised through tariffs and other means was enough to fund the .gov then but is not now.

 

[Printer Bandit]

i wish i lived in a time without the internet. it's a curse.

 

[sandorski]

It was so awesome that no one would want to live there again.

 

[dank69]

Theoretically wtf are you blabbering about? wtf does getting paid less have to with my OP of keeping all of my pay. OK in your stupid nonsensical post ill get paid less but i keep all of it. happy?

Example written in crayon:

You now gross $500,000 for your job.
Your net pay after all federal taxes is $300,000.
This means you do your job in order to acquire $300,000.
All federal taxes go away.
You now do your job for $500,000.
Other people that can do your job were happy to do it for $300,000.
Your company hires one of them to do your job for $300,000.
Your company sends you packing.
You now wonder why other companies laugh at you when you demand $500,000 when they ask you your desired salary.

 

[IronWing]

Example written in crayon:

You now gross $500,000 for your job.
Your net pay after all federal taxes is $300,000.
This means you do your job in order to acquire $300,000.
All federal taxes go away.
You now do your job for $500,000.
Other people that can do your job were happy to do it for $300,000.
Your company hires one of them to do your job for $300,000.
Your company sends you packing.
You now wonder why other companies laugh at you when you demand $500,000 when they ask you your desired salary.

The other way to look at it is that your employer is willing to pay $500k to get the job done as are other employers. How that cost is apportioned makes no difference to that bottom line cost to get the employee. If taxes go away, a company could save some money on labor expenses as long as other employers are determined to follow the same path. As long as there are competitors that are still willing to pay $500k, competitive pressure will keep total employment costs the same.

 

[dank69]

The other way to look at it is that your employer is willing to pay $500k to get the job done as are other employers. How that cost is apportioned makes no difference to that bottom line cost to get the employee. If taxes go away, a company could save some money on labor expenses as long as other employers are determined to follow the same path. As long as there are competitors that are still willing to pay 4500k, competitive pressure will keep total employment costs the same.

Ahahahahaha. Ahahahahahaha. Ahahahahahaha.

 

[the DRIZZLE]

Theoretically, the free market would drive your gross pay down to match your current net pay. You are willing to do your job now for your net pay, right? That means other people are willing to do it for that much as well.

Nope. The supply curve for labor would shift the right and the market would find a new equilibrium wage and employment rate based on the relative slopes of the supply and demand curves. (inverse of elasticities of supply and demand). I suspect labor demand is more elastic than labor supply so the majority of the benefit would likely accrue to the employee.

 

[IronWing]

Ahahahahaha. Ahahahahahaha. Ahahahahahaha.

How do you think employers make hiring decisions and determine how much they are willing to pay?

 

[dank69]

Nope. The supply curve for labor would shift the right and the market would find a new equilibrium wage and employment rate based on the relative slopes of the supply and demand curves. (inverse of elasticities of supply and demand). I suspect labor demand is more elastic than labor supply so the majority of the benefit would likely accrue to the employee.

Ahahahahaha. Ahahahahahaha. Ahahahahahaha.

What I mean here is I suspect you are dead wrong. Corporations have almost all the negotiating power these days. You know how all employee meetings go these days? One slide will tell you how sales and cash flow are beating expectations across the board and literally the next slide will tell you that there is little to no budget for raises because the economy is so bad.

 

[dank69]

How do you think employers make hiring decisions and determine how much they are willing to pay?

I am pretty sure they pay as little as they can legally get away with.

 

[IronWing]

I am pretty sure they pay as little as they can legally get away with.

They pay as little as they can and still get the work done.

I can offer my doctor minimum wage. Think she'll show up?

 

[JEDIYoda]

dank69 today you be da man!!

 

[dank69]

They pay as little as they can and still get the work done.

Right, which is why they hire your replacement at $300,000 who does the same quality work as you.

I can offer my doctor minimum wage. Think she'll show up?

No but hospitals are happy to hire imported talent at a fraction of the cost of domestic whenever they can.

 

[the DRIZZLE]

Yeah...but a life without roads would suck.

Federal highway spending is about $160 billion per year, half of which is covered by gas taxes. This is out of a $3.8 trillion dollar Federal budget. How about we double the gas tax (from 18.4 to 36.8 cents per gallon), eliminate the income tax, and shut down the rest of the Federal government? (I don't actually support this)

 

[JEDIYoda]

In 2016 I keep my whole check....go figure....I mean well duh!!

 

[Midwayman]

every American who drives was paying a heavy gas/war tax under the previous administration.

soooooo Obama?