Capitalism Explained
 

Where's the parts about licensing and taxation?

hahah... nice.

Change Bob to Dave and that 's me.

hahahahaha

and what of unions and regulation?

"you cannot bring about prosperity by discouraging thrift. you cannot strengthen the weak by weakening the strong. you cannot help the wage earner by pulling down the wage payer. you cannot further the brotherhood of man by encouraging class hatred. you cannot help the poor by destroying the rich. you cannot keep out of trouble by spending more than you earn(tax). you cannot build character and courage by taking away a man's initiative and independance. you cannot help men permanently by doing for them what they could and should do for themselves."

perhaps the self proclaimed "new Lincoln" should consider the words of the "old" and original Lincoln.

You know normally I don't enjoy Shattos posts but for this one High Five! Nice!

true story...

i talked to a customer whom i consider to be intelligent and informed today about our economic woes. he is middle aged and college educated.

he holds the belief that govt SHOULD tax millionaires(and billionaires) up to 90% of their income to "help" the rest of us. and he denied that it was a socialist view! i explained that it is not for govt to decide, besides they would just increase needless spending and waste.

he said higher education should NOT equate to higher pay. i replied that altho many CEOs and such are overpaid, they do deserve more compensation than the rest of us.

here's the kicker...

i suggested that CEOs should have a relatively low base pay(arbitrarily sub $million) w/ bonus and profit sharing based on performance. furthermore, profit sharing should be distributed evenly among ALL employees of a given company. so, CEOs and above average employees would still make more than the rest, but profits would give satisfaction and extra compensation for everyone.

he said, it's not right to give the profits to lower level employees while the CEO grew the company. so, the blue collar guys and gals did nothing to produce increases? he explained that the CEO and upper management deserve the spoils. :eek:

so, it's okay for govt to mandate redistribution of wealth(profits), but not individual companies? we are in trouble if this is what the thinking of the majority(non-elite earners) is!

Maybe he wants the bonus to go to one person so the government can tax 90% of it...

it was a quick conversation as we both had to be on our way, but i am CERTAIN of his view(words). i'm still trying to figure if he understands his contradiction or if he really believes that govt has the answers to our issues.

BTW, he works for a high-end hotel who's existance DEPENDS on the wealthiest among us! tax them 90% and i guarantee you, HE will be looking for a job.