Yep.

We disagree.

Let me know how economic regulation equals redistribution and maybe we'll agree.

corruption occurs because decisions get delegated

Please define what you are calling Economic Regulations?

Regulations on tax deductibles, regulations on corporations buying out competition, regulations on horizontal and vertical monopolies, regulations on corporate money in politics, regulations on numerous other things which primarily relate to ethics issues.

we already have thousands of these

Certainly isn't working at all now is it:?

@Phil thats because they are selectively applied and deliberately left ambiguous

Sounds like it's not good regulation then.

@Maw depends though on what you mean by not working. you are among the richest people that ever lived and are among the top 10% richest people on the planet today

And? Do we really want corporations to be able to hire illegal immigrants under the table and pay them below minimum wage? I don't understand the argument of 'oh, well, we're still better off than X'.

@Maw if i give everyone $10 is everyone richer?

Why are you bringing up wealth redistribution?

@Maw if the minimum wage goes up, people have more money, they demand more goods and services, sellers see rise in demand and raise their price.

I'm talking about an ethical problem, not minimum wage.

We are number three in the world on creating individual wealth per capita.

Cool.

@Maw somebody has to come last in society. is that ethical? its a matter of fact. peoples talents and skills are not distributed uniformly

Again not talking about wealth redistribution, stop thinking I am.

@Maw to prevent corruption, have fewer politicians and pay them more (obscenely more)

What?

@Maw yes

I can't even.

@Zuluzeit Help me here. I need to do my hair.

Actually the cost of goods increase due to cost of production. It has very little to do with supply and demand?

you have to be prepared to have much fewer people making decisions. this makes the system more accountable. so its very clear who is corrupt

you have to pay them obscene amounts of money. money is why people take bribes and become corrupted. if there is no financial reward there is little incentive

As I said, this isn't about minimum wage, it's about businesses doing unethical things which influences the job market, and therefore the supply of jobs (and therefore the job's average wage). It has nothing to do with the minimum wage, it has to do with businesses taking advantage of illegal immigrants, much the same way as businesses go out of America to create sweatshops.

the cost of goods would affect both supply and demand

Stop thinking it's about wealth redistribution, for the love of God.

Now I'm going to do my hair brb

I know. I didn't Tag you I'm my comment.

i dont get it either, you are surprised that people take advantage of lower cost labor?

ask apple, they are willing to go to court to protect their right to exploit low cost labor

I believe if we want to address the use of using illegal Employees we should go after the Employers not the Employees.

or stop buying things from companies that engage in practices you dont approve of, vote with your wallet

Unfortunately as a General Rule People are selfish and care about self interests. The Cheapest Price!

people will buy shoes made from hide of the rural canadian, if they think that gets them laid.

That's kinda the point of economic regulation, yes.

Unfortunately this is why I'm called a market-skeptic!