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When is a price too high?   Too low?

When is a price too high? Too low?

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@AverageJoe1 said
"How many people are coming to the meeting, I ask." That form of speech does not call for a question mark.

Your last para is correct. These people have 'been important' and have 'functioned' in our society and others for hundreds of years. Don't get your point.

Your 'People need an X-amount..' is also correct. I don't get why you make that point, either. I woul ...[text shortened]... llowed to compete? Since you have a handle on answer-process, would you enlighten Sonhouse for me?
So, if people are needed and people need X to live on... you have to give them X.
So, that's already fixing a price, isn't it?


@shavixmir said
So, if people are needed and people need X to live on... you have to give them X.
So, that's already fixing a price, isn't it?
A factory owner needs people. He pays them money, referred to herein as X, to work there. Whew.
That is a wage. That is not a price. So, it is not a rationale statement to respond to. I sort of see where you are going, please re-phrase. I do take exception that factory owner 'has' to pay/give them X. It is as if you are suggesting that I apply for a job at Acme Company, and tell him what he has to pay me? Not following.


@AverageJoe1 said
Prices are too high when you are not willing to pay it.....EXACTLY.

So, common sense, seller lowers his price. In effect,the consumer thus sets the price of goods.
Marauder etal say, nooo....., let us just tell the seller what to sell it for. Are we really hearing this crap?
Why, tell me why, is three year period when EVERYTHING, after 230 years, has to be changed?
Kamala wants to mess with the supply and demand process which leads to shortages without rationing. She is helping Trump demonize communism and convince republicans democrats are not another right wing party under corporate control. They are another right wing party, which is why they need someone to call them communists. Kamala is helping Trump do that. In return Trump will not call her "Prison Slavery Kamala".

It is all fake, just like pro wrestling. They carefully choreographed the not so personal attacks. Good distraction from this too:

https://justthenews.com/accountability/political-ethics/emb-5am-819-house-committees-conclude-joe-biden-engaged-impeachable


@AverageJoe1 said
A factory owner needs people. He pays them money, referred to herein as X, to work there. Whew.
That is a wage. That is not a price. So, it is not a rationale statement to respond to. I sort of see where you are going, please re-phrase. I do take exception that factory owner 'has' to pay/give them X. It is as if you are suggesting that I apply for a job at Acme Company, and tell him what he has to pay me? Not following.
It’s called a minimum wage and nearly every country has one.

Whether you take exception to it or not.


@shavixmir
He just said he is borrowing a half million from a bank. My bet is to buy more foreclosures so he can turn them to rentals where he can charge 3000 a month.


@shavixmir said
It’s called a minimum wage and nearly every country has one.

Whether you take exception to it or not.
OK. The factory has a minimum wage, say $25/hr for a line job Tom, who is single, no wife or children, makes $25 For That Job.
Your sentence above..."People need X to live on'. Tom lives fine on $25.

Can you PLEASE explain how Sam, who has a wife and 3 children, can 'live on' $25/hr.? you are leaving something out, let us have a nice starting place for a nice discussion, we can solve problems!!


@AverageJoe1
Oh, how would YOU solve the problem of a dude with wife and kids and he makes say 15 bucks an hour pushing fries at McDonalds and his expenses are 20 dollars an hour, in other words he has bills adding up to 180 dollars a day. Tell me what he should do? All of a sudden finish his HS diploma? Go on welfare?
120 a day income V 180 a day in bills. 31K income, 65K/year in bills.


@AverageJoe1 said
OK. The factory has a minimum wage, say $25/hr for a line job Tom, who is single, no wife or children, makes $25 For That Job.
Your sentence above..."People need X to live on'. Tom lives fine on $25.

Can you PLEASE explain how Sam, who has a wife and 3 children, can 'live on' $25/hr.? you are leaving something out, let us have a nice starting place for a nice discussion, we can solve problems!!
I quite agree.
So, how would you solve it?


@shavixmir said
I quite agree.
So, how would you solve it?
Solve what? You do not lay out the problem. A factory pays workers, and you suggest a problem. PLEASE dont tell me the factory should pay people ' enough money to live on." If you do, please elaborate that at my factory, i would not hire people who need more than the $25.
Remember, the JOB pays $25.


@sonhouse said
@AverageJoe1
Oh, how would YOU solve the problem of a dude with wife and kids and he makes say 15 bucks an hour pushing fries at McDonalds and his expenses are 20 dollars an hour, in other words he has bills adding up to 180 dollars a day. Tell me what he should do? All of a sudden finish his HS diploma? Go on welfare?
120 a day income V 180 a day in bills. 31K income, 65K/year in bills.
Sorry, just saw SHouse post that is asking us how to solve the problem created by this guy who has not planned well. See a credit counselor, I guess. What does HE think should be done??
Hey Sonhouse, how about not paying off college loans and instead keep these children alive?????? Throw in the towel, SHouse, you are losing on this one.


@sonhouse said
@shavixmir
He just said he is borrowing a half million from a bank. My bet is to buy more foreclosures so he can turn them to rentals where he can charge 3000 a month.
Awww, you miss another issue. The issue is lying to a bank on credit report, which you say isOK, but you did NOT like Trump giving an 18M value on Maralago. You are really sucking today, man


@Metal-Brain said
Kamala wants to mess with the supply and demand process which leads to shortages without rationing. She is helping Trump demonize communism and convince republicans democrats are not another right wing party under corporate control. They are another right wing party, which is why they need someone to call them communists. Kamala is helping Trump do that. In return Trump w ...[text shortened]... /accountability/political-ethics/emb-5am-819-house-committees-conclude-joe-biden-engaged-impeachable
As already stated, Kamala didn't propose any price controls in anything but prescription drugs.- an industry even 2/3 of Republicans think should be more closely regulated.

Her idea to have Federal agencies investigate whether food suppliers are price gouging in violation of antitrust laws is hardly outrageous or "communist" - during the Trump administration an executive at Bumble Bee tuna got 40 months in prison for colluding with competitors to keep prices high.https://www.justice.gov/opa/pr/former-bumble-bee-ceo-sentenced-prison-fixing-prices-canned-tuna


@AverageJoe1 said
Solve what? You do not lay out the problem. A factory pays workers, and you suggest a problem. PLEASE dont tell me the factory should pay people ' enough money to live on." If you do, please elaborate that at my factory, i would not hire people who need more than the $25.
Remember, the JOB pays $25.
The problem you wrote yourself:
Say $25 is enough for a single person to live on, what about a family of 4?

Most countries live off a working week of about 38 - 42 hours a week. And studies show that working more is detremental to health and family. So, let’s take $25 an hour and a 40 hour week = enough for a single person.

Your solution is: to not let the factory solve the problem. The wage for that job is $25 an hour, no more.

In most Western countries the government have some sort of benefit system or child welfare system. So, parents gets say $100 a month per kid out of the communal pot.
This helps the parents and allows for your solution.

Another option is lowering the costs of having a family: 0 taxation on kids clothes, for example.

Another option is to disallow having a family until you earn $35 an hour.
Good luck with that one.

Another option is a universal income.
This guarantees a livable income to all, allows people to choose what to do with their time and lowers the wage per hour for factories. And generally the cut in costs of the current bureaucracy pay for quite a but of it.

Yet another option is making sure there are enough better paying jobs, so people can advance when they need more money for their chosen lifestyles.

Come on. Use yer big capitalist brain and give us some of your solutions!


@no1marauder said
As already stated, Kamala didn't propose any price controls in anything but prescription drugs.- an industry even 2/3 of Republicans think should be more closely regulated.

Her idea to have Federal agencies investigate whether food suppliers are price gouging in violation of antitrust laws is hardly outrageous or "communist" - during the Trump administration an execu ...[text shortened]... high.https://www.justice.gov/opa/pr/former-bumble-bee-ceo-sentenced-prison-fixing-prices-canned-tuna
You are lying. She proposed reducing rent. Even after I proved that you continued lying. Why do you intentionally lie?

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@Metal-Brain said
You are lying. She proposed reducing rent. Even after I proved that you continued lying. Why do you intentionally lie?
GFY. You "proved" nothing.

Give me a cite where she says she intends to introduce nationwide rent controls.

I'll wait.

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