Business.
"Income inequality" "People over profit" "We are the 99%" Do any of those little phrases ring any bells? Now more than ever, tens of millions of Americans are feeling the pain of big government and horrible economic and social policies. A small group of people (the 1%) makes their money off the labor of the Working Class and the Consumer (the 99%). I don't really buy into the nonsense of the Anti-Capitalism movement but I understand the frustration and anger that the folks in OWS (for example) are consumed with. I am a believer of the free market. I am not very fond of federal taxes and I don't support much of the federal regulations and statues for very good reason. Big government is bad for small business, that is a fact. In fact big government is bad for ALL businesses*
*Unless you are one of the cronies who have kissed a lot of D.C. ass and bribed your way into the pockets of legislators. Cough cough, Warren Buffet, George Soros, Mark Zuckerberg..Ahemm Achoo! Terms and conditions may apply.
Don't you just love the fine print? Okay, so what's the bottom line? Is profit a bad thing? Are the rich people not taxed enough? Politics need to take a back seat with this. Let me explain how things work in the real world:
- Profit is necessary and without profit, there are no people. ("people" refers to both the employee and the consumer) I am really tired of the people who protest companies like Walmart while at the same time using their Apple Iphone to record and upload pictures and video of the protest. Here is an idea for you, if you don't like the practices of a certain company, don't seek employment there and don't shop there. Spending your hard earned, overly inflated worthless currency at other establishments speaks much louder than the Obama loving loon with the Guy Fawkes mask and the megaphone. The truth is that a person who creates something like a successful business will always get very rich, while the people who work for him will simply make an honest middle class wage.
- The minimum wage is not a living wage and that does not mean that raising the minimum wage from $8.00/hr to $12.00/hr will fix any social injustices. Most working class Americans make over the minimum wage to begin with. My 22 year old fiance worked at a retail clothing store from 2009 to 2011. She started out making the minimum wage ($8.50 or so at the time) and every year she would get a $0.25 raise if her employee review was "5 star." Now she works at a daycare and makes $10.10/hr. She recently completed her CDA and if she gets hired by a school, she could make between $14.00/hr and $18.00/hr. So by the time that she is 25 years old, she could be making $45,000 a year. I am self employed but still have 2 separate degrees and 4 certifications that have led to job offers in retail sales that would pay me $52,000 a year.
- Having skills, certifications, degrees and experience is what leads to employment that will provide you with a living wage. That is the point I was making in the above bullet point. Don't ever expect to make over $20,000 a year if you only have a GED.
- There is a difference between being a Capitalist and being a Crony.
- If you don't understand how a business works, how do you know that the CEO of a business can afford to pay his employees more? Have you ever considered the reality that wages are competitively based upon factors such as the laws of supply and demand? The reason a fast food restaurant burger flipper only makes minimum wage is because his job requires minimal skill or knowledge and the employer knows that there are thousands of potential employees who will work at that wage. If the position is lets say, Warehouse Logistics Coordinator and calls for an employee with a 4 year degree in that field, who is bilingual, has a CDL and OSHA forklift operators certificate, the pay will be higher.
- Abundance=cheap, scarcity=expensive. A person with only a GED is worth less than a person with a High School diploma and 2 years of college. The dude at Burger King probably can't figure that out but it doesn't take a rocket scientist to understand why income inequality exists.
- Income Inequality is not a bad thing and it naturally exists in the free market. Income Inequality simply mean that some people make more money than other people. There will always be a few rich people and a lot of not-rich people, it is just the way of the world. If you don't like being "poor" then you need to figure out a way to not be "poor." I didn't make over $32,700 in 2011 by doing nothing and I don't expect to make money by doing nothing.
The American economy would not exist without Capitalism. Fairness is not a principle that can exist in any economy unless you want to live in a country with bread lines and water rationing. Economies thrive and people prosper because of the principles of the Free Market and Capitalism. Why do you think all communist countries have failed? What we have here, in America, is the greatest thing on Gods earth. Don't wish it all away based on some Liberal Progressive Neo-Marxist bullshit that idiots like Elisabeth Warren vomit into the microphone.
- fggInorsosvhh
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