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Originally Posted by BeanCounter
Wes,
A profitable corporation means jobs. An unprofitable corporation means layoffs. I don't see you employing thousands of people. I don't see you sharing the loss when your company doesn't make any money. It's in your best interests if a corporation stays healthy and employs people. It seems that unions today no longer understand that. They strangled the corporations until they finally disappeared (ie the steel industry). Sure there are some abuses.....whatever happened to the usury laws so that these payday loan places can't charge 400% interest (of course what idiot would go there but obviously some do). I also don't agree with the mega-millions that some CEO's are receiving now, but then I don't agree with what athletes make either. But once again I reiterate that no matter what, the USA is the best place in the world for opportunity regardless of race or class.
Of course if you really like taxes and cradle to grave breast feeding then Sweden is the ideal place.
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Bernie,
I think we're not so far apart here. I "get it" in spite of what you may suppose.
A profitable corporation means jobs. An unprofitable corporation means layoffs. I don't see you employing thousands of people.
Very true, Bernie. I suppose no one single person
normally employs 1000's but most of us do "assist" in that we have some stock. Unfortunately we are often funding jobs in China lately due to some foolhardy longterm thinking. Maybe they'll finally be able buy our goods when our (yours and my) wages match theirs. This is my main point in referencing middle working-class erosion. Us companies can pay as well as European or Japanese and still compete, as long as all abide by the same limitations on even ground. We can simply avoid or tax importing goods produced by slave-wages.
I don't see you sharing the loss when your company doesn't make any money. It's in your best interests if a corporation stays healthy and employs people.
Actually, I now receive a bonus, through profit sharing, when my company makes money. Although I gave up some wage increase, I like the trade-off and would like to see the CEO on down tied to the same
reasonable percentage of wage. Of course I stand to lose money when the economy takes a dump, but oh well, I've been to the self-employment mountain before. Not sure about all my union cohorts.
It seems that unions today no longer understand that. They strangled the corporations until they finally disappeared (ie the steel industry).
I think they understand now for the most part. On my personal behalf, I've both had a dozen employees as a self-proprietor and also worked in low end corporate management. My point, here and now, is that the scale has finally tipped too far the other way. I can see from my fence-post that whoever has the power seems to abuse it and we could use a little balance in favor of the US middleclass again. The investors didn't get strangled so much as they moved or bought offshore towards easier profits. I'd like to remove a little of the "easy". How will we fight the next war without industry on our own soil? Imported bullets, etc?
But once again I reiterate that no matter what, the USA is the best place in the world for opportunity regardless of race or class.
I wholeheartedly agree. So do millions of illegal immigrants.... and US non-patriots that hire them.
Of course if you really like taxes and cradle to grave breast feeding then Sweden is the ideal place.
No thanks. My nipples are already sore from breast feeding the idle rich and idle poor as it is...
...since I still maintain that actual workers provide all the milk (wealth?). There is no such thing as free lunch. Somebody pays. Err... lactates...
A point of interest are the recent threads concerning affordable housing and the collapsing financial market. One suggestion, that my wife heard on the radio, was that we could just convert surplus steel shipping containers to cheap housing. They sell used for $500-2000 on ebay and they are bullet-proof. The alarming thing is that we don't send most empties back because of the huge trade imbalance. I wonder how long we can afford to do this.
Sounds like an anti-middleclass economy built on quicksand. And you and I are standing on it too. Any further thoughts?
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