Martinez vetoes minimum wage increase

Mar 30, 2013 Full story: Alamogordo Daily News 107

Gov. Susana Martinez on Friday vetoed a bill to increase the state's minimum wage by $1 an hour, to $8.50. Martinez, a Republican, blamed majority Democrats in the state Legislature for seeking too large an increase.

Full Story
idgaf

Tewksbury, MA

#81 Apr 5, 2013
Willothewisp wrote:
<quoted text>
You obviously are misinformed and mistaken. Or your sentence needs tweaking. Or you have never filled out a CRS-1 form. It is in our city of Albuquerque 7%. The state will collect more gross receipts on the increased cost of living, goods and services. Unless you think that cost of living is static and goods and services won't increase. With increase in wages, more taxes and add-ons will bring more money into the government's coffers.
Slowly: You pay one dollar and seven cents in gross receipts for your gazoobo. The cost of doing business goes up and you are now paying two dollars for the same item and now fourteen cents of that same transaction goes to the state in the form of gross receipts. And the cost of goods sold and made and...it goes on and on. Really like a multiplier effect. Own your own business and maybe you will come to understand.
Willowstit,

Increasing the minimum wage is a bad thing for the minimum wage earners and for the rest of the earners + the economy. No, my sentences don't need tweaking. Are you an english expert? I don't want to make this a comparrison of education.

If you make 7.5/hr and you get a bump to 8.5/hr, on paper it looks good. This increases the operating cost of McDonalds or what have you. The rest of the earners who are used to going to MickeyDs to buy combo #1 for 5 dollars are all of the sudden paying 7 dollars for that combo. Yes, you are collecting what appears to be more on gross receipts. What you fail to see is that with the cost increase, you've affected demand. People will not be so willing to buy that 7 dollar meal. This is a bad thing in that the business, although on the surface should be bringing in more gross receipts, has seen a decrease in sales. Ultimately, a drop in sales means less tax money coming into your coffers. Furthermore, now those workers cannot afford to eat there either, even with their raise. More over, the buying power of the middle and upper groups has decreased. Once again, impacting demand. Keep raising the minimum wage, and even the guy who posted on here that the minimum wage is irrelevant to him as he works for himself, will be impacted. Unless you are making millions, which I doubt anyone on here is, increases in minimum wage diminish your buying power (ie you can afford less while visibly having more dollars).

I think you are wrong on all counts. I am not assuming that anything is stationary or static. Gross receipts do not tell the entire story. As a business man with your own business, how does it make sense to have more gross receipts if your operating costs are rising at noncorrelating rates? Again, your raised operating cost is transferred over to the customer who may say, Willsmoother's products are no longer worth buying, so I simply won't buy anymore. How long do you think that your increase in gross receipts will continue? At what point will your increase in gross receipts become a chapter 11 filing?

You are only looking at taxes and gross receipts. You've failed to see what a business person must be abale to see in order to stay in business. You must see and understand what drives the demand and what will keep that demand. If you focus only on gross receipts, it is possible to have operating costs equal gross receipts and then you are no longer a very smart businessman.

How now brown cow?- Bugs Bunny

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#82 Apr 5, 2013
I am sorry you read me that way. Not really.
idgaf

Tewksbury, MA

#83 Apr 5, 2013
Willothewisp wrote:
I am sorry you read me that way. Not really.
Willowit,

Challenge my position, but this appears that you could be wrong. I have no doubt that you are wrong. Successful business is not about gross receipts. Success is measured in profit. Guess I'd have to own my own business to understand simple mathematics.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#84 Apr 6, 2013
Thanks for the economics course in " I'd have to own my own business to understand simple mathematics." The perspective is the governments. For Gross Receipts Tax they could care less about your profit. If you serve the same number of customers but the price of the service or goods goes up, then the Gross Receipts amount that you file with the state goes up and the Tax on the Gross Receipts will naturally be higher. You are doing the same amount of work. Your Gross Receipts Tax paid to the state will be higher. E.g., 7% x $LargerAmount=MoreGrossReceipt sTax paid to state. As you know, businesses collect tax for the state of NM.
We will stop there to just keep this simple.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#85 Apr 6, 2013
Despite the $15 trillion U.S. taxpayers have spent since the war on poverty’s inception, poverty in America is largely unchanged. This week, figures from the U.S. Census Bureau revealed that nearly 50 million Americans live below the federal poverty line.

In 1969 2.8 million Americans received food stamps. Today over 47 million. And you have to love the industries that thrive under this program. Try soda companies, chip companies and convenience store operators.

And this would be fixed by giving a living wage? This would stimulate the economy? It would encourage hiring? Guess you are right. I don't see your big picture. And you have to have a job in order to get the minimum wage. Unless you work on government projects for scale.
idgaf

Tewksbury, MA

#86 Apr 6, 2013
Willothewisp wrote:
Thanks for the economics course in " I'd have to own my own business to understand simple mathematics." The perspective is the governments. For Gross Receipts Tax they could care less about your profit. If you serve the same number of customers but the price of the service or goods goes up, then the Gross Receipts amount that you file with the state goes up and the Tax on the Gross Receipts will naturally be higher. You are doing the same amount of work. Your Gross Receipts Tax paid to the state will be higher. E.g., 7% x $LargerAmount=MoreGrossReceipt sTax paid to state. As you know, businesses collect tax for the state of NM.
We will stop there to just keep this simple.
Yes, the govt is there to collect GRs. You assume that demand satys the same, and if it did, you'd be correct. Demand rarely stays the same except in some cases. Gasoline is a good example of demand staying high. It is a necessity. If the price of potatoe chips rose to 10 a bag because the potatoe company was having to pay it's worker 8-9 bucks an hour and the convenience store or walmart was having to pay their workers 8-9 bucks an hour, sales of the chips would drop.

I see your position, but we are not about the govt. Businesses do not work for the govt and neither do the people. The govt should be serving the people.
idgaf

Tewksbury, MA

#87 Apr 6, 2013
Willothewisp wrote:
Despite the $15 trillion U.S. taxpayers have spent since the war on poverty’s inception, poverty in America is largely unchanged. This week, figures from the U.S. Census Bureau revealed that nearly 50 million Americans live below the federal poverty line.
In 1969 2.8 million Americans received food stamps. Today over 47 million. And you have to love the industries that thrive under this program. Try soda companies, chip companies and convenience store operators.
And this would be fixed by giving a living wage? This would stimulate the economy? It would encourage hiring? Guess you are right. I don't see your big picture. And you have to have a job in order to get the minimum wage. Unless you work on government projects for scale.
Reality says that there will be winners and losers in all games, furthermore, there will be simple players who win periodically. So is life.

No amount of govt intervention will equalize wealth. Even in the soviet union, there were rich people.

Minimum wage is setup to apease the masses. As you may well know, there are more poor people than rich or middle class. This is not a new story. This has been going on for the history of mankind.

The 1 percent have always existed. Everyone else serves these in one way or another. The Kings and Queens of old are now the owners of businesses (talking majore corporations, too many people own a business that barely survives). Times get tough. The poor and the middleclass threaten to revolt. A good talker comes along and says, "I will help grow the middleclass". Many promises are made, very little is delivered, but the masses believe, they have hope that change will come. A few small concessions are made by the Kings and Queens and we are all onebig happy family once again, until the next round.

The job of congress is to ensure that the rick keep their money and that the masses are kept in check. It's a game.

In the end, all of that aside, anyone can make money in this country and live ok. Not many have real money.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#88 Apr 6, 2013
idgaf wrote:
<quoted text>
Reality says that there will be winners and losers in all games, furthermore, there will be simple players who win periodically. So is life.
No amount of govt intervention will equalize wealth. Even in the soviet union, there were rich people.
Minimum wage is setup to apease the masses. As you may well know, there are more poor people than rich or middle class. This is not a new story. This has been going on for the history of mankind.
The 1 percent have always existed. Everyone else serves these in one way or another. The Kings and Queens of old are now the owners of businesses (talking majore corporations, too many people own a business that barely survives). Times get tough. The poor and the middleclass threaten to revolt. A good talker comes along and says, "I will help grow the middleclass". Many promises are made, very little is delivered, but the masses believe, they have hope that change will come. A few small concessions are made by the Kings and Queens and we are all onebig happy family once again, until the next round.
The job of congress is to ensure that the rick keep their money and that the masses are kept in check. It's a game.
In the end, all of that aside, anyone can make money in this country and live ok. Not many have real money.
You gotta be kidding me. Seen what is going on lately. Businesses already collect taxes for the government. Taxes are going up. Read some of the posts? Better hunker down.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#89 Apr 6, 2013
idgaf wrote:
<quoted text>
Yes, the govt is there to collect GRs.
Wrong. Businesses collect the tax on sales and services and goods etc.. and act as the tax collector. They spend time and money doing so. And then they pass on that in a check or electronically to the state. It is the Gross Receipts Tax that you pay on most of your transactions. We collect the monies for the state. They collect more if the gross receipts collected by the business increases. Go to the Tax and Rev department for the state.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#90 Apr 6, 2013
Hey, idgaf, why don't you take a gander at the other thread on "Martinez vetoes minimum wage hike bill." That should give you hope....
idgaf

Tewksbury, MA

#91 Apr 6, 2013
Willothewisp wrote:
Hey, idgaf, why don't you take a gander at the other thread on "Martinez vetoes minimum wage hike bill." That should give you hope....
I'm not looking for hope. Common sense is more like it. Businesses collecting taxes for the govt is not a new thing, right? The bottom line is that these idiots can't keep imposing their will forever. Eventually, the dukes and earls get mad and you have revolution. Regardless of representation, too much taxing can turn into civil war or over-throwing of those in power. Those in power are not that stupid. The idea is to test the waters to see how far the public will let them go.

Remember that we (the usa) have the world's largest freestanding army. Btw, did you notice that ammo is hard to get as are certain types of guns? There was a push to make 2012-13 the highest selling years in gun sales thru stirring up controversy. Talk about collecting massive amounts of taxes on fabricated fear of gun control.

I'll look at the other post. I think we agree for the most part. I don't give a damned what they want, they work for us and not the other way around.

“Down in the Bayou”

Since: Apr 08

Vancleave Mississippi

#92 Apr 7, 2013
Same old tired arguments they used back in the 20's, the 30's the 40's the 50's the 60's..etc...they are still wrong...business that pays their employees a decent fair wage never ever fail...this has been proven time and again...the higher the standard of living for Americans, the better the economy...
idgaf

Tewksbury, MA

#93 Apr 7, 2013
Daniel in Hobbs wrote:
Same old tired arguments they used back in the 20's, the 30's the 40's the 50's the 60's..etc...they are still wrong...business that pays their employees a decent fair wage never ever fail...this has been proven time and again...the higher the standard of living for Americans, the better the economy...
You pay what the market drives for workers. Artificially setting a "living wage" is wrong. Let McDonalds pay their employees 20/hr, see how long they stay in business. If you make 60/hr and the minimum wage keeps going up, but you don't get a raise as well, the economy suffers. Your buying power is less because the bottom end came up and the bottom end's purchasiing power doesn't increase as the prices have increased. Not rocket science. I see why it's so hard for congress to manage a budget. It's amazing how simple mathematics can be made so complex.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#94 Apr 7, 2013
idgaf wrote:
<quoted text>
You pay what the market drives for workers. Artificially setting a "living wage" is wrong. Let McDonalds pay their employees 20/hr, see how long they stay in business. If you make 60/hr and the minimum wage keeps going up, but you don't get a raise as well, the economy suffers. Your buying power is less because the bottom end came up and the bottom end's purchasiing power doesn't increase as the prices have increased. Not rocket science. I see why it's so hard for congress to manage a budget. It's amazing how simple mathematics can be made so complex.
http://www.topix.com/forum/albuquerque/TRC1F2...

Read this thread first and then tell me you are right and things will turn around.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#95 Apr 9, 2013
http://www.krqe.com/dpp/news/local/central/al...

Well, looky here...gross receipts taxes up and the government will hire more people. What a coincidence.
idgaf

Tewksbury, MA

#96 Apr 13, 2013
The govt is always going to look to hire more people. That is their business. You can only grow govt for so long. The pendullum swings both ways. Big govt is in right noww, until we can no longer afford it.

Eventually people get tired of the higher taxes and things go back to normal. Fire a few idiots in congress and you end up back where you started or close.

I like picking on WSMR, just cause I can. Take WSMR, all tax funded. They've lost 40+ percent of their billable hours over 4 yrs, but still have the same number of employees. The programs that are left are footing the bill for the 1000s that collect income up there. I'd say they work, but that would be a stretch. Eventually, you lose enough work in that no one wants to go there anymore. That time is coming fast as they cannot remain competitive.

Same deal with taxes on goods. They will only increase if all things stay the same.
More

Santa Fe, NM

#97 Apr 13, 2013
idgaf wrote:
The govt is always going to look to hire more people. That is their business. You can only grow govt for so long. The pendullum swings both ways. Big govt is in right noww, until we can no longer afford it.
..
BS the federal workforce is much smaller than it was in the 80s and 90s.
idgaf

Tewksbury, MA

#98 Apr 13, 2013
More wrote:
<quoted text>
BS the federal workforce is much smaller than it was in the 80s and 90s.
When did the RIFs take place? I heard that at whitesands too, but no one can tell yyou why the numbers are flat even though, to your point, the workforce is smaller. So, when did the RiFs take place?

Since: May 10

Location hidden

#99 Apr 14, 2013
More wrote:
<quoted text>
BS the federal workforce is much smaller than it was in the 80s and 90s.
Government-contracted jobs are not, in reality, private-sector jobs.
Another

Santa Fe, NM

#100 Apr 14, 2013
Cary L Nickel wrote:
<quoted text>
Government-contracted jobs are not, in reality, private-sector jobs.
really silly thing to say.

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