Ted Cruz's dad: “The Average Black Does Not” Understand The Minimum Wage Is Bad

[AggregateDemand]

African American voters have Stockholm Syndrome, and Democrats are incredibly proud for the psychological disease they have engendered in the minority community.

That said, Ted Cruz's dad to learn that Republicans talk a big game, but when it comes down to brass tacks, they are usually willing to go so far as to cut the top marginal tax rate by 2%. My God, how can the middle class not worship Republicans?

[AggregateDemand]

Middle-class, educated blacks reject the Republican Party in droves even if they would seem to have a shared interest of white people of similar education and income for lower personal taxes. Of course,  middle-class, educated blacks may be more likely to be government employees -- and even if professionals or business owners they may have clientele that use government aid. If your patients are Medicaid recipients or your grocery store relies heavily upon food aid, then you might have an interest in preserving a generous welfare state.

Lower taxes on much lowered income -- or having to get a new job that pays much less -- is a losing proposition for Republicans with blacks at any demographic level.

Stockholm syndrome? No. Rational self-interest. It need not be identical with your idea of rational self-interest to be personally valid.

To reject the Republican Party is reasonable. To advocate on behalf of the Democratic Party is the epitome of unbounded irrationality. The cause is open to interpretation. Stockholm Syndrome fits for African American voters, especially if you examine race politics in the United States.

Maybe it is because the Republicans have little to offer but "Profits first, profits only, until we say otherwise".

"Primum non nocere" is a doctrine from which Democrats could learn a great deal.

[AggregateDemand]

That's right, African-Americans aren't rational actors in voting, but zombie sheeple who vote on a 'tribal basis' or somesuch. I'm sure telling black voters a view more "hard truths" like that, and they'll finally see the light and vote Republican in droves.
 

Please, do the rest of us a favor and change your avatar to orange, yellow, green, ANYTHING  else. You're a genuine embarrassment to all blue avatars.

It's tough to fathom, but out of a long, long, LONG line of utterly idiotic posts, this one actually tops them all. Congrats.

What does Stockholm Syndrome convey about the hostage? Only that he/she has been traumatized by a hostage-taker.

I'm not really sure what you're ranting about.

[AggregateDemand]

I KNOW what Stockholm Syndrome is, genius. We all do.

With that in mind, please DO elaborate. Just let me get my popcorn....

Elaborating on matters of socioeconomics or race politics doesn't involve popcorn; it involves a pillow. Piles of boring data that all lead to the same conclusion--the New Deal and Great Society have done nothing more than shift poverty across demographics and generations of people.

A small minority understand the problem, and they debate various ways to fix the problem. An overwhelming majority are down with the sickness, and they can't imagine a world without debauched, ineffective government programs. It's time for popcorn when the majority starts inventing hilarious reasons for why we should continue failing. Moral appeals are generally the most amusing.

 

[AggregateDemand]

It figures that many of them-even poor ones- will internalize the "pursue your own economic self-interest" ideology

If you think pursuit of self-interest or mutually-beneficial voluntary contract are ideology, you've sacrificed your brain at the altar of partisanship.

Communism/socialism are inventions. Market-based economic theory is a discovery.

[AggregateDemand]

I don't know why he had to bring black people into this.

He didn't inject race into a conversation where it doesn't exist. Since the 1970s, data and economic research have indicated that the unintended consequences of minimum wage increases are shouldered by young inner-city minorities, particularly African American males.

Any increase in minimum wage is effectively an attack on minority workers in urban environments. Feeble attempts to defend minimum wage policy have been made, but the end result of minimum wage increase is always the same. Declining unemployment amongst America's youth, which really hammers down urban youths from the lower-middle-class.

[AggregateDemand]

If you think pursuit of self-interest or mutually-beneficial voluntary contract are ideology, you've sacrificed your brain at the altar of partisanship.

Communism/socialism are inventions. Market-based economic theory is a discovery.

Someone who makes $7.25 an hour wanting to legally obligate their employer to pay them $10+ an hour instead sounds pretty self-interested to me.
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What does the employer receive in return? It's not self-interested because no mutually-beneficial exchange exists. It's just selfish.

Min wage increases are designed to prevent wage-suppression by major employers. The workers of today are not suffering from corporate abuse, but from low-cost international labor. If the government does anything, they should be making people more productive, competitive, and desirable. Min wage does the opposite.

[AggregateDemand]

Jobs disappeared in factories as they appeared in fast food places and shopping malls. Assembly lines usually paid well; food service and merchandising have typically been low-paying activities. If anything, minimum wages would have slowed the growth of jobs in the job-growth areas such as fast food and retail sales of the 1980s.

Surely, you're joking. America's inability to prepare food at home, and their relatively recent love of retail goods is somehow related to the lack of US manufacturing?

[AggregateDemand]

Bottom line. Your true motives exposed. PLEASE stop acting like you actually give a flying $hit about the economic underclass or lower middle class.

I'm not responsible for accommodating your ineptitude. I'm against using minimum wage to rebuild the middle class for a litany of reasons, including the lack of mutually beneficial contract, which is the point of private sector compensation. However, I'm not opposed to rebuilding the middle class, and I've explained how on several occasions.

If you can't understand the nuances of the argument, you need not burden the rest of us with your posts. Cratering demand for labor does not lead to higher levels of aggregate demand, nor does raising minimum wage only affect wages for people who currently make below the proposed amount. We have a half century of data to back up the basics of minimum wage economics, do you need another half century to learn labor price floors?