[USMA:33362] RE: A kilo of Socialism

[Daniel]

I disagree with both statements here. Sure there are some public companies that are greedy, but the vast majority work hard to provide value while making reasonable profits. The average public company in the USA makes only about 7% after-tax profit, which can hardly be called greedy. One of my beefs with some companies is that when times get tough, it is the worker who needs the job and the income who is called upon to make sacrifices, either by being forced to take a cut in benefits, salary, or even being laid off.   Yet the upper management never makes sacrifices.  These people who could live on a lot less never give up anything and when everything settles, they get huge financial bonuses and other "rewards" for cutting costs.    Yes, do cut costs and make a business more efficient, but do so by cutting the fat at the top and not the meat at the bottom.  An executive earning a million dollar salary is useless to a company.  Laying him off and saving the company from having to pay his salary and benefits should be a big improvement in productivity.     Dan