MJ, Johnathon and the world of fairness need to go the next step...... It is ABSOLUTELY UNFAIR that the public should pay one cent more than the actual cost
of a product. Why is there a "profit". All a "Profit does is to rip off the consumer. On Wed, May 11, 2011 at 8:21 AM, MJ <[email protected]> wrote: > Dear Jonathan: In any economic system there are good and bad points. > > > Really? > Capitalism is the system in which people are free to use their private > property without outside interference. > What are the 'bad points'? > > > > Executive compensation, that has sometimes been at the expense of the > workers cranking out the products, should be based on what is fair, > not just who the supposed leaders of the corporations are. > > > Endorsing socialism again, huh. > What is 'fair'? Who gets to decide? Why them? > > > > Wal-Mart > started out giving financial incentives to the managers of the stores, > until the wife of the founder insisted that workers would do a better > job, and stay on those jobs longer if there was a profit sharing > plan. A black janitor retired after forty or so years with the > company and had several million dollars in the bank. That sort of > fairness doesn't sound like socialism, now, does it. > > > If you mean Walmart VOLUNTARILY and within THEIR business model utilized > 'profit sharing', then no. > But having the Government FORCE businesses to do so ... is certainly > socialism. > > > > I can't speak for Donald Trump, but in order to get quality labor for > building quality real estate properties—as he knows so well how to do— > the compensation needs to be tops. In the long run, everyone in the > employment hierarchy will benefit when fairness reigns for those at > the bottom or at the top. > > > Joe owns a business. He puts a sign in the window/on the lawn advertising > that he needs employees. Pete applies for the job and agrees to wage X in > exchange for task Y. Is Pete being paid fairly? > > > > FRANCE is currently implementing the type of socialism you are endorsing > here > > *Salin on Sarkosy in the WSJ* May 10, 2011 by Peter G. > Klein<http://blog.mises.org/author/peter_g_klein/> > A great op-ed from Pascal > Salin<http://online.wsj.com/article/SB10001424052748703922804576301090149677206.html>, > the Mises Institute’s 2008 Schlarbaum Laureate, in yesterday’s Wall Street > Journal. Writes Pascal: [I]n his more recent statements and decisions Mr. > Sarkozy seems to have tilted France even closer toward socialism than one > might previously have thought possible. Last month, reiterating a theme that > he first broached during his election campaign, the president declared that > it is unfair that shareholders and owners get to keep all of a firm’s > profit, and that it would be more fair for company profits to be divided > into three equal parts: one for shareholders, one for wage earners and one > for reinvestment into the enterprise. > > This proposal suggests that Mr. Sarkozy totally fails to understand the > role and nature of profit or the workings of a capitalist firm. A firm’s > employees, like its lenders and suppliers, receive a fixed price, their > wages, in return for what they supply to the business -- their labor. This > wage is guaranteed whether the firm turns a profit or not. The owners, in > exchange for taking the risk of loss, receive any residual income -- that > is, what is left over from the business’s revenue after the wages, suppliers > and the rest have been paid. Saying that it is unfair that owners get the > profit is as meaningless as it would be to say that it is unfair that > wage-earners get all the wages. > > Nevertheless, Mr. Sarkozy is now preparing to make his sense of fairness > the law of the land. After some discussions about the precise features of > this proposal, his government has now put forward a law that will force > firms with more than 50 employees to pay them a bonus whenever profit > increases from one year to the next. The precise amount of the bonus is to > be negotiated with trade unions. And of course, unlike a business’s owners, > wage earners will share in the profit but not help bear the cost of any > losses. > > > > Regard$, > --MJ > > "There is only one boss--the customer. And he can fire everybody in the > company from the chairman on down, simply by spending his money somewhere > else" -- Sam Walton. > > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at http://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. -- *Mark M. Kahle H.* * * * * -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
