SwamiWoman!
I know you don't do politics but as someone who lives over there can you detail for us (just a bit) some of the things mentioned here? Namely this quote from John:
"Why can Australia provide it's people with universal health care, a $15 per hour minimum wage, 4 weeks paid vacation with a vacation premium pay, and have a 4.9% unemployment rate."
I would assume you're paying higher taxes than us?
I've read that Sweden's taxes are high. BUT you get many things back as a citizen for those dollars. Like healthcare, long vacations, higher education, extended maternity-leave, etc. That there are countries that actually use their tax dollars for their citizens and not for war, bailouts & foreign nations. (Novel concept)
I understand that we as children are raised to believe we live in the best nation in the world. Funny. When I look around now, I don't see the nation I grew up in. All one has to do is look at our airports now yet we are expected to remember 'they hate us for our freedoms'.
So MsCam, if you could detail a bit about your taxes and the benefits you get for them I'd be grateful :ninja As one who cannot afford health insurance any longer I'd be curious about what having 'free' healthcare is like? Here, we're put under the impression that y'all languish for years w/illness waiting to get procedures from quackish doctors. Because of course, we have the best health care in the world. I can see why our politicians say that. They have great plans that WE pay for. Cuz of course, it's good to be King/Queen. Or at least have $650/mo for a $5k deductible. Interesting that in the greatest country in the world I had to make a choice between putting food on the table & keeping the lights on in the roof over our head or health care for three.
So yeah... Tell us please Then again, I can understand if you don't elaborate. Don't want boat-loads of peeps trying to get to your shores for a taste of the good life we're supposed to be enjoying here. :ninja
I greatly appreciate your offer to bunk us up. As I watch the nation I love fall apart it's becoming a very attractive proposition to move to where our work efforts actually buy us a quality of life like the one we all used to enjoy.
XXOO
MO
I'm not an economist, but it probably goes something like this:
Higher wages in Australia = higher taxes and higher prices
I know, it was an eye opener for me too.
Moonie, thanks for asking these questions. I do hope Cammie will come along and add to it. I can answer your questions from my personal knowledge, and Cammie can keep me honest and on track if she chooses to. I completely understand it is one thing to visit Australia, and quite another to reside there as far as perception is concerned. I developed a fondness for Australians while in the Phillipines in 1985 and 1986. Many of them were vacationing in the Phillipines at the time and I became good friends with a guy from Perth and we spent weeks together discussing our countries. Also my cousin lives in Sydney, since 1975, and of course, I have taken my family to visit. I have a keen interest in Australia and have learned much about it, and continue to learn.
I believe this topic deserves its own thread so not to get caught up in the mass of information and varying topics already being discussed here. I'll go ahead and start it and I invite everyone ahead of time to participate.
I know it will be an eye opener for most to see our two countries compared side by side.
You start it, and I will do what I can to help add to it. I have to go to work for minimum wage now
I'm not an economist, but it probably goes something like this:
Higher wages in Australia = higher taxes and higher prices
I know, it was an eye opener for me too.
Labor is the single largest variable expense in foodservice. No one in my business makes as low as the current minimum now, but if you raised it to $15, then we would incur about a 35%-40% increase in labor costs.
Of course it wouldn't double our prices, no one would ever pay $8 for a taco. But it probably would be at least the same 35%-40% cost increase to the menu. Because you also have to factor in that every single product we buy would also increase about the same amount, as the cost of picking, packing shipping etc would increase as well. In that same way, you cannot claim that your overhead would go down. Does your business purchase anything? The cost of all raw materials, all services like delivery and shipping, etc would ALL increase if the minimum wage were doubled. And a 30%+ price increase would most certainly decrease our sales. Less revenue would likely mean a few folks lose their jobs.
And of COURSE additional vacations cost every employer money, with the exception of any business where every single employee is salaried AND exempt from overtime. (Very rare) No, you don't have to HIRE extra people, but you have to pay DOUBLE the wages for the vacation in that you are paying someone to actually WORK the hours, while also paying the person on vacation to NOT work them. If the Government mandated 4 weeks paid vacation for every employee - add 1 months pay PER EMPLOYEE to your operating costs right off the top.
Question: Your $15+ an hour employees wouldn't decide that they needed a raise immediately if the minimum wage went up? Right now they make double or more the minimum. Would they be content if they were suddenly only making 10% above minimum?
Let's not forget there are millions of union-contracted jobs in the marketplace whose wages are tied to minimum. If there is an increase, they are contractually guaranteed wage increases to scale with the minimum.
There is no good economic reason why this should be happening. America’s net indebtedness is a perfectly affordable 65% of GDP, and throughout the past three years of recession and tepid recovery investors have been more than happy to go on lending to the federal government. The current problems, rather, are political.
This newspaper has a strong dislike of big government; we have long argued that the main way to right America’s finances is through spending cuts. But you cannot get there without any tax rises. In Britain, for instance, the coalition government aims to tame its deficit with a 3:1 ratio of cuts to hikes. America’s tax take is at its lowest level for decades: even Ronald Reagan raised taxes when he needed to do so.
And the closer you look, the more unprincipled the Republicans look. Earlier this year House Republicans produced a report noting that an 85%-15% split between spending cuts and tax rises was the average for successful fiscal consolidations, according to historical evidence. The White House is offering an 83%-17% split (hardly a huge distance) and a promise that none of the revenue increase will come from higher marginal rates, only from eliminating loopholes. If the Republicans were real tax reformers, they would seize this offer.
1. Citing that the Republican half are cynical does not mean that the Democrat half are not.The Economist speaks: Shame on Them: The Republicans are playing a cynical political game
It feels good to be vindicated by a conservative publication. Stop trying to argue that Dems and GOPpers are the same. I realize this may be extreme, but I'm getting out of the market for a while... I've got less than 2 years to retire. I don't particularly feel like riding this one down. It's arguable that the GOPpers will blink, but if they don't, look out.
1. Citing that the Republican half are cynical does not mean that the Democrat half are not.
2. Any Brit will tell you that a British conservative is far to the left of an American conservative.
3. There is not a cunt hair's difference between a Dem and a Repub.
4. If you're only 2 years from retirement you're late in pulling out of the stock market. Here's hoping for a spike in prices when you sell. :thumbup
1 is not opinion, it's simple logic.
I'm very opinionated; it's just that you picked out a statement that's not opinion.I forgot, you don't have one ounce of opinion in you.
I'm very opinionated; it's just that you picked out a statement that's not opinion.
eta: #2 - #4 were opinions.
There you go again trying to say the Repubs are somehow worse, as if that's possible. They could be a lot better; you think they not nearly as nefarious because it pains you to face the truth, Partisan, imho. For gosh sake, you have not the least shame in spouting groundless lies about Repubs while completely ignoring that nothing happens without "bipartisanship." And if you look at Dem actions around the country, their number one intent is not to fix deficits, but to secure power. The worst thing about this are legions of buffoons like you, Partisan, who support policies that hurt themselves. It's mind boggling.I stand corrected, but #1 is an opinion, sorry.
There you go again trying to say the Dems are just as bad. They could be a lot better but they not nearly as nefarious as the opposition imho. For gosh sake, you talking about a political party that can't afford to spend any money on social issues because it means some rich dude will have a couple less $ to buy his next luxury vehicle, a party who are cheerleaders for business practices that destroy domestic jobs, eradicating an entire economic class for the sake of profits and not profiting society overall, just a select few. And if you look at GOPper actions around the country, their number one intent is not to fix deficits, but to secure power. The worst thing about this are legions of bafoons who support policies that hurt themselves. It's mind boggling. However it's good to know that even the majority of Republican's who make $75k or less annually want to keep their medicare and SS. Can you imagine??
There you go again trying to say the Repubs are somehow worse, as if that's possible. They could be a lot better; you think they not nearly as nefarious because it pains you to face the truth, Partisan, imho. For gosh sake, you have not the least shame in spouting groundless lies about Repubs while completely ignoring that nothing happens without "bipartisanship." And if you look at Dem actions around the country, their number one intent is not to fix deficits, but to secure power. The worst thing about this are legions of buffoons like you, Partisan, who support policies that hurt themselves. It's mind boggling.
Not a cunt-hair's difference, Partisan.
There you go again trying to say the Repubs are somehow worse, as if that's possible. They could be a lot better; you think they not nearly as nefarious because it pains you to face the truth, Partisan, imho. For gosh sake, you have not the least shame in spouting groundless lies about Repubs while completely ignoring that nothing happens without "bipartisanship." And if you look at Dem actions around the country, their number one intent is not to fix deficits, but to secure power. The worst thing about this are legions of buffoons like you, Partisan, who support policies that hurt themselves. It's mind boggling.
Not a cunt-hair's difference, Partisan.
This coming from a party who was instrumental for the economic conditions under Bush and have had only one goal for the last two years, prevent Obama's reelection, stone wall EVERYTHING Obama proposes, even if it is something that they would normally agree to. This performance on behalf of the GOPpers is disgraceful. One of the hallmarks of government is compromise, not drawing lines in the sand. This is not working to make the country better, it's placing their ideological priorities in front of the country. Accountable, keep defending this bullshit. It clearly illustrates where you're coming from and keep calling me partisan.I refuse to help Obama get reelected by marching Republicans into a position were we have co-ownership of a bad economy. After 2 years in office, Obama is now responsible for the economic condition that began under Bush.
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