Landlord breaksdown crying after tenants vandalize his rental property for telling them to pay rent!

[DR OSMAN]

@Periplus @Sultan keenadiid the reason businesses want tax relief constantly is simple. They offshore their tax relief savings into high-interest accounts, so their money sits there in an offshore account growing 5-10% when they know the consumption level or demand in the market hasn't changed because if workers are poor, there is no need to produce any more products or goods as there is no demand for and hence the GDP will tank as a result.

I urge Sultan to focus on demand side economics and how to increase cosumption(which is lowering unemployment levels and having a middle class) mark my words, the bankers and investors will come runnning in.

 

[Periplus]

so? just because they are conservative does not mean they follow free market economics, if they did they would get rid of the state health monopoly

look at the conservatives of the UK, they are basically the left of the 1990s and the left has become the communist

same with the republicans, massive state intervention with trump and bush that would make FDR blush

the right has become economically socialist and the socialist has become the hard left or near communist virtually all over the world,

common on ina adeer, keep up

conservatives now support democratic interventionist policies of the 1990s and allow khaniis marriage, what is so conservatives any more?

only thing about conservatives are about today is their agreement to hate immigrants

Basically you are saying that modern politics has left behind Austrian economics?

Which is sort of my whole point.....

 

[Periplus]

Mashallah people dropping essays in this thread

What is your opinion on the free market?

Inshallah Puntland will have an interventionist economic policy with many social programs.

I wanna see families be able to afford a trip to the doctor.

 

[Sultan keenadiid]

@Periplus I think our friend here @Sultan keenadiid thinks economics is one sided and totally dependent on investors and their money and therefore he argues we need to be nice to them and be subservient. What he doesn't calculate into his philosophy is the 'consumption' level dictates where investors go, if workers who r potential customers r poor, businesses don't come, it's as simple as that. And what brings workers out of poverty and into middle class and into consumers is government interventions.

no sxb, do not put fake words into my mouth please

@Periplus would you invest in a shyt hole country where your money can be taken by a war lord?

this is why even china only recovered when they created free economic zones and promised tax incentives like no tax for few years, no state intervention, no ban on exports, no need to pay bribes to a official to register a business etc

if you threaten the entrepreneurs, sadly you will not get any growth, he creates jobs, he takes risks,

in fact even the investor is useless with out the risk taking entrepreneur whose job it actually to make forecast onw hat the consumer needs, what wills sell and do the hard work

tons of people with money but not a lot of people with good business sense,

also no government creates jobs, its the private sector

where do the taxes come from to pay state workers? from workers? no, from investors and entrepreneurs, for if they do not take the risk to create those jobs no worker would actually have a job

and the investor and entrepreneur is not even guaranteed profits, he has to pay the rent, workers, suppliers etc and if, big if, he succeeds then will the investors and entreprenerd make money

if all firms made money we would have 1 million Bezos, look how amazon investors supported amazon for 20 years before it made a profit

if what i just wrote doe snot sinking in, your clueless and naïve at best

profits are not guaranteed

 

[Lady Whistledown]

What is your opinion on the free market?

Inshallah Puntland will have an interventionist economic policy with many social programs.

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[Periplus]

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Ayo an SSpot member that knows me irl confirmed me.

But you got jokes still.

 

[DR OSMAN]

@Periplus I wud round up the 1% capitalist and tell them those 1 dollar a day 'peasants' becoming consumers and having money in their pocket is in the interest of the nation economy and even their own business interest as they can cross invest into other industries as they grow thru the demand.

I would set a minimum wage law that no-one can be paid less then what is cost of living in the area of operation. I would use housing prices as 'gouge' to determine what is a fair income so someone can pay his rent, food, and cover his health cost. I would have furious yelling and abuse match with anyone promoting an economy that only takes into consideration investors, investors make up 1% of the population, they will not drive demand or consumption to increase which is how a country becomes wealthy.

 

[Sheikh Kulkuli]

Can they not charge him for vandalism?

 

[Sultan keenadiid]

Basically you are saying that modern politics has left behind Austrian economics?

Which is sort of my whole point.....

why would you use a economic system that tells politicians you cannot use fiate currency but must use gold and silver to reduce inflation,

politicians hate Austrians because with out the fiat standard there would no more wars just invading nations, ability to give massive subsidies to people who contribute to their political campaigns for re eelction

deficit spending would not exist, the state would be much smaller than it is, limit them and the average citizen would not have his wealth wiped out through inflation because gold cannot be created out of thin air like paper money

did you know the nabi SAW ordered Muslim nations to use only gold and silver as their money?

its haram to actually use paper money, why do you think zaka is paid in gold and silver?

gold is god's money, and Austrians are hated because they tell the political elite you cannot print money will nilly and use it to invade countries and do useless stuff

Keynes was alike a fake sheikh who said hey have sex, drink qamro and you can be a muslim, but the Austrians are telling the truth and simply are saying god has banned all that Zina and haraam

if you were a bad muslim, you will listen to the fake sheikh who is giving you a fatwa tod rink etc

best analogy

did you the founding fathers forced the US adopt gold and silver standard "least of All the US is discouraged from waging wars and wasting money on welfare and warfare state and giving largess to chosen friends" this is what franklin and adams wrote for forcing US to adopt gold and silver standard

one of them even said "the prophet of Islam instructed his nation to adopt gold and silver, for they understood state created inflation with fiate coins such as chipped gold and copper"

Benjamin franklin knew more about Islamic economics than most of us Muslims today because he had Quran and hadith books

those dudes read Islamic , Roman, Greek etc works in economics, political treaties etc

the kuffar who created the US constitution followed you and copied you yet muslims today worship socialism , the only thing the soviets exported


how many clueless people in here actually know the founding fathers of the US system copied the monetary polices of the Nabi SAW and the first 4 khalifs?

islam is complete, economics, social, political, we do not need to ever copy a foreign culture, specially when it comes to the murdering ideology called socialism

 

[Sultan keenadiid]

@Periplus I wud round up the 1% capitalist and tell them those 1 dollar a day 'peasants' becoming consumers and having money in their pocket is in the interest of the nation economy and even their own business interest as they can cross invest into other industries as they grow thru the demand.

I would set a minimum wage law that no-one can be paid less then what is cost of living in the area of operation. I would use housing prices as 'gouge' to determine what is a fair income so someone can pay his rent, food, and cover his health cost. I would have furious yelling and abuse match with anyone promoting an economy that only takes into consideration investors, investors make up 1% of the population, they will not drive demand or consumption to increase which is how a country becomes wealthy.

if your minumim wage is so good, why not stipulate 100 or 1000 4 an hour?

did you know the first people to call for minimum wage were the KKK because the black man would say let me work for 5 dollars instead of 8 dollars to under cut whites in the 1930s

and guess who were the second people to enforce minimum wage>? white apartheid people because the blacks would go to a business and say pay me less than the wage of the white man, and since business has no colour the whites were losing jobs

what gives you the right to dictate my bargaining power to negotiate for how much i want to be paid?

How The Minimum Wage Destroys Jobs: Evidence From The UK

The standard theoretical story about raises in the minimum wage is that such raises will reduce the number of people employed, or perhaps the number of hours they are employed for. This is on the very simple grounds that raising the price of something generally means that people are willing [...]

www.forbes.com

 

[Sultan keenadiid]

https://mises.org/power-market/how-minimum-wage-laws-have-made-job-search-worse-so-many

 

[DR OSMAN]

@Periplus @Sultan keenadiid let's be frank n honest, if we let businesses do as they wish on top of a nation that is 3rd world and living on 1 dollar a day, then what will happen is they will pay only $1 dollar a day and this will not result in driving up consumption, sure they kept their business costs down, but even the capitalist won't have opportunites to re-invest into other 'growth industries' because 1 dollar a day customers x 10 million population can only spend so much before they're exhausted.

1 dollar x 10 million population is literally 10 million dollars, where @Periplus lives in melbourne only his 'xafaad' spends 10 times more then that. Where in the world u think 'investors' will go. And Periplus knows the reason we are so rich in Australia is thanks to our government protecting us or we wud be like Somalia or India.

At least by setting a minimum wage law against cost of living, we know for sure ppl will be able to buy food, rent, and cover their health costs, which is critical for the nation that ppl having housing, food, and can go to hospital if sick.

 

[DR OSMAN]

@Periplus @Sultan keenadiid My model of the minimum wage calculated against the cost of living where the business operates, will drive up the agricultural sector, housing industry and the supply chain involved.

The minimum wage in Somalia should be around $300-500 a month per person. I wud levy that as a law and set up fair work ministry where employees can report being under-paid. Now imagine 300-500 dollars per person x 10 million. That's a guarantee $3-5 billion a month spending power.

That will translate to 3-5 billion x 12 months= 36 to 60 billion a year consumption/production level guaranteed. This wud be our 'bottom feeder worker' their wud be higher incomes for skilled ppl obviously to retain those type of calibre, they won't accept minimum wage. We can even set up 'award' wages for non-skilled employees in different sectors. That's how Australia got rich quick, it ensured the population are high earners and this resulted in companies to boom to respond to the growing consumer.

I love the Australian Model don't you Periplus

 

[Periplus]

I love the Australian Model don't you Periplus

Australia has a good model compared to the US for example but we can do better.

Somalia has the benefit of being a virgin country. We can choose which direction it goes.

There’s no centuries of industry or major conglomerates to deal with when designing policy.

We also have an abundance of natural resources as well as renewable energy potential.

If we have good economic managers like the Rudd government in Somalia then the sky is the limit.

 

[DR OSMAN]

@Periplus Well I would like to see Somalia or the regions guarantee by law no-one can be paid less then $300 a month, no matter what work they carry out as that roughly correlates to rent-food-hospital bills of a two income household consisting of a man and woman.

Where-as if it's a semi skilled job like factory, hospitality, etc we should set up 'award wages' like fair work australia does, low and semi skilled areas need regulating, they are vulnerable to abuse by capitalists.

Where-as in Australia notice, they don't regulate the high skilled or bachelor and above industries because they can regulate themselves on the free market due to those skills being in lower supply and hence companies have to pay more. But the industries where the run of the mill high school educated person work requires carefully monitoring by the government as this will be the bulk of the population and they need protections such as minimum wage or 'award' rates set for their industry.

 

[DR OSMAN]

@Periplus we beat the hell out of @Sultan keenadiid who is on the run

 

[Removed]

Exactly bro.

These people diss government intervention until new classical and supply-side economics fucks over the economy like it did in 2008.

Then they beg for government intervention.

I want to ask @Sultan keenadiid what would have happened if the government didn’t intervene after the GFC?

Where would the US or many other Western nations be?

You mean the government intervention that bailed those banks out even after committing fraud. 2008 is literally the worst recent example of intervention from the gov. it was a complete defilement of the free market, am I misunderstanding your point?

Actually if I remember correctly the system that caused them to start giving out housing loans willy nilly and repackaging them was from the nudging of the bush administration to encourage more home ownership for minorities.

 

[Sultan keenadiid]

@Periplus Well I would like to see Somalia or the regions guarantee by law no-one can be paid less then $300 a month, no matter what work they carry out as that roughly correlates to rent-food-hospital bills of a two income household consisting of a man and woman.

Where-as if it's a semi skilled job like factory, hospitality, etc we should set up 'award wages' like fair work australia does, low and semi skilled areas need regulating, they are vulnerable to abuse by capitalists.

Where-as in Australia notice, they don't regulate the high skilled or bachelor and above industries because they can regulate themselves on the free market due to those skills being in lower supply and hence companies have to pay more. But the industries where the run of the mill high school educated person work requires carefully monitoring by the government as this will be the bulk of the population and they need protections such as minimum wage or 'award' rates set for their industry.

Stupid law and idea

why does a cleaner get paid 10$ an hour but a pilot makes way way more or a heart surgeon?

because the cleaner has no skills and anyone can do it, no disrespect, just their value is lower, but a heart surgeon makes millions for his hospital

if you want someone to be paid more, increase their skills, educate them more, dont make a law

let me teach you a basic economic lesson called marginal utility, you get paid what revenue you bring to a company, the cleaner only makes 15$ , the heart surgeon way more and the movie star end of the day earns millions for the studio

why would pay someone 5004 when they only bring in 1004 in value, anything more than 100$ is a loss

i mean look at the illogical position of your idea, why only $300, why not stipulate by law $600 or $2000

why only 300 when you can magically wave a wand and force firms to pay them $300

wallahi socialists and communists lack common sense and logic

Raising minimum wage to $15 would cost 1.4 million jobs, CBO says

Raising the federal minimum wage to $15 an hour would cost 1.4 million jobs over the next four years, according to the Congressional Budget Office.

www.cnbc.com

Thanks To 'Fight For $15' Minimum Wage, McDonald's Unveils Job-Replacing Self-Service Kiosks Nationwide

BY ED RENSI -- The real faces of the Fight for $15 are the young people and small business owners who have had their futures compromised.

www.forbes.com

 

[DR OSMAN]

@Periplus When formulating an economic policy we should class the Somali market place as 'low, semi, high' skilled segments.

The majority of ppl will be hovering around the low to semi, therefore a govt minimum wage law policy and award rate by industry for semi skilled is critical for this segment, the high skilled don't need monitoring as their skills r low in supply and chances of abuse against them is low.

 

[Periplus]

You mean the government intervention that bailed those banks out even after committing fraud. 2008 is literally the worst recent example of intervention from the gov. it was a complete defilement of the free market, am I misunderstanding your point?

Actually if I remember correctly the system that caused them to start giving out housing loans willy nilly and repackaging them was from the nudging of the bush administration to encourage more home ownership for minorities.

My point was that those who generally scream about the “government bogeyman interfering in their industry” are those who will turn to government when the going gets tough.

I completely agree that what the banks did was fraudulent and that Bush and other presidents were also culpable.

I am also against “capitalist socialism” of pursuing socialist policies whenever big business fucks up.

My point is that in 2008, I didn’t see any of these banks or free market cheerleaders refusing their handouts.