"Let's take an example from the airline industry, and then you explain how and where government interference is causing unprofitability at home:"
No. Let's not take your example. It misses the whole point. Employers have to contribute to social security above and beyond what the employees contribute. Employers have to contribute to medicare above and beyond what the employees contribute. Then there is minimum wage. Then there is the unemployment insurance tax. Then there are state equivalents to these programs. Government's pro union philosophy. Then there are fuel charges, licensing fees, and so on and on and on and on and on and on and on. This doesn't even consider the impending hit from Obamacare. So, business no longer have perks like they used. No pensions plans and such (aside from the golden parachutes that CEO's always seem to get). It's too expensive. Interesting note on Social Security. There was considerable opposition to the proposed Social Security Act from both Democrats and Republicans. Sen. Bennett Clark of Montana proposed an amendment that would have enabled employers to opt out of Social Security if they had pension plans offering more generous benefits than Social Security. That would have meant freedom of choice for employers and employees alike, but advocates of Social Security were adamantly against freedom of choice. Social Security promoters must have feared that private retirement plans would offer a better deal. Wisconsins progressive Democratic senator, Robert M. LaFollette, fumed that the Clark amendment would be inviting and encouraging competition with its own plan which ultimately would undermine and destroy it. Roosevelt threatened to veto the Social Security bill if it had the Clark amendment. Freedom of choice was eliminated during the House-House conference, and Roosevelt signed the Social Security law on August 14, 1935. Without government interference, private pension might be as common as it used to be. I don't hold out much hope for American businesses. It dawned on me as I bought an 11.00 lampshade how bad things are. The lampshade had a big sticker on that said "Made in China". There is more profit in selling a lampshade made in China, shipped across the pacific, trucked across America, warehoused, distributed and then stocked, than there is in buying a lampshade made in America. J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Quin ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337870 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
