Minimum Wage Topic

tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
Posted by bad_luck on 6/20/2014 11:11:00 PM (view original):
You don't really get it, do you?
I suspect that you might be the one on the outside, looking in.
6/21/2014 8:29 AM
bronxcheer
Posts: 17259 (0)
Hall of Famer
298
Hall of Famer
no
6/21/2014 8:30 AM
tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
Posted by MikeT23 on 6/21/2014 7:03:00 AM (view original):
Posted by tecwrg on 6/20/2014 10:44:00 PM (view original):
What is the marginal utility value of cheeseburgers as opposed to other food items, when used as examples?
Like fish sticks?
Fish sticks are not a good example, because they clearly have less marginal utility than cheeseburgers.
6/21/2014 8:30 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect
Posted by tecwrg on 6/21/2014 8:30:00 AM (view original):
Posted by MikeT23 on 6/21/2014 7:03:00 AM (view original):
Posted by tecwrg on 6/20/2014 10:44:00 PM (view original):
What is the marginal utility value of cheeseburgers as opposed to other food items, when used as examples?
Like fish sticks?
Fish sticks are not a good example, because they clearly have less marginal utility than cheeseburgers.

What if I'm allergic to red meat?  Or bread?  Or dairy products?

6/21/2014 9:01 AM
tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
You're not a real American if you're allergic to red meat.  And you therefore provide less marginal utility to American society.
6/21/2014 9:30 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect
That makes as much sense as comparing cheeseburgers to money.
6/21/2014 9:36 AM
raucous
Posts: 8605 (0)
Hall of Famer
16 8 133 151 120
Prospect
When did this turn into a Burger King ad?
6/21/2014 9:44 AM
tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
6/21/2014 10:02 AM
bad_luck
Posts: 21761 (0)
Hall of Famer
48 1 10
Prospect
Posted by tecwrg on 6/21/2014 8:29:00 AM (view original):
Posted by bad_luck on 6/20/2014 11:11:00 PM (view original):
You don't really get it, do you?
I suspect that you might be the one on the outside, looking in.
Hmmm, I don't think so. I mean, I get that you're mocking but I think there's an underlying lack of comprehension that you're trying to cover up.
6/21/2014 10:31 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect
Posted by tecwrg on 6/21/2014 8:29:00 AM (view original):
Posted by bad_luck on 6/20/2014 11:11:00 PM (view original):
You don't really get it, do you?
I suspect that you might be the one on the outside, looking in.
Typical BL.  You don't agree with his "point", you obviously don't understand the situation.


Hey, BL, cheeseburgers are a consumable item.  One could argue that their highest value is the second they come off the grill.   Money is not.  It holds it's value.   That's why your analogy is idiotic. 
6/21/2014 1:44 PM
bronxcheer
Posts: 17259 (0)
Hall of Famer
298
Hall of Famer
6/21/2014 2:00 PM
This post has a rating of , which is below the default threshold.
Show
raucous
Posts: 8605 (0)
Hall of Famer
16 8 133 151 120
Prospect
Depends.  Hamburger in a Taco Bell taco has great value when you go to the house of someone who you are seeking revenge on.
6/21/2014 2:53 PM
bad_luck
Posts: 21761 (0)
Hall of Famer
48 1 10
Prospect
Posted by moy23 on 6/21/2014 2:25:00 PM (view original):
Posted by MikeT23 on 6/21/2014 1:44:00 PM (view original):
Posted by tecwrg on 6/21/2014 8:29:00 AM (view original):
Posted by bad_luck on 6/20/2014 11:11:00 PM (view original):
You don't really get it, do you?
I suspect that you might be the one on the outside, looking in.
Typical BL.  You don't agree with his "point", you obviously don't understand the situation.


Hey, BL, cheeseburgers are a consumable item.  One could argue that their highest value is the second they come off the grill.   Money is not.  It holds it's value.   That's why your analogy is idiotic. 
Precisely .... Hamburgers have no future value. Money does.
The cheeseburgers are just an example but the concept holds true for money too.

This is a very basic economic concept and the basis for higher rates in upper brackets. I understand mike and tec not getting it, they're idiots. ****, mike doesn't understand how marginal rates work and also thinks the government could eliminate the deficit by selling more bonds. But someone as educated as you claim to be should not only grasp this easily, they should already be very familiar with it.

Going back to money, say you won a $100 million lottery jackpot next week. That jackpot would probably change your life significantly. Say you win it again the next month. The second $100 million isn't going to have the same impact. There isn't much that you can do with $200 million that you couldn't have done with $100 million. And if you win it a third time, the impact is even smaller.

Please note:
None of this means you don't value or want the money. It doesn't mean that you couldn't find something to do with it. It just means that, as your fortune grows, the impact if each additional dollar on your life is smaller.
6/21/2014 3:23 PM
This post has a rating of , which is below the default threshold.
Show
◂ Prev 1...84|85|86|87|88...127 Next ▸
Minimum Wage Topic
△Top△Bottom

Search Criteria

Terms of Use Customer Support Privacy Statement

© 1999-2026 WhatIfSports.com, Inc. All rights reserved. WhatIfSports is a trademark of WhatIfSports.com, Inc. SimLeague, SimMatchup and iSimNow are trademarks or registered trademarks of Electronic Arts, Inc. Used under license. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.