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originally posted by: Cabin
a reply to: Bennyzilla
The question lies who determines what someone has earned? Unless one is self-employed, no other business can make it without its employees. Walmart would not earn billions a year when no one was employeed there. Yet, they delibrately pay their employees, less than minimum wage, trying to cut every possible loophole when it comes taxes, knowing that people live to here and now. Someone has to step in, as people can do terrible things in order to survive and companies exploit paying deliberately them less knowing government would help to cover the most basic expenses of full-time employees while using every possible way to not file taxes- all that in order to pay its leading employees and board members Extreme salaries.Isn´t that greed?
At least in this area, this is considered greed. There is a moral side to business. If one can not pay their employees fairly (living wage for full-time job), if one can not follow safety or environmental regulations in their company, iff you cannot follow the laws - all that while still making a profit - they should not start a company.
This is a nation with one of the highest entrepreneurship rates in the world...
Money is not everything. Business should make money, but not by exploiting someone. After all, without employees there would be no profit, the people running the business live in the same environment, their kids live there. Do they really just not give a fu'k about anyone else than themselves and their profits? Isn´t that greed?
Compromise with Republicans, are you nuts? The bill was passed in the middle of the night by Democrats only, and not one single vote by Republicans was for that malfunctioning piece of legislation. No one even read the damn thing. Remember the witch Pelosi saying "we have to pass the bill to see what's in it"? Obamacare was nothing but a flim flam scam which nobody can use because the deductibles are so high. If you like your healthcare you can keep it yada, yada yada. I give you credit,you spin a mean pile of excrement.
I have a problem with a system in which roughly 47% of society lives off the earnings of the other 53%.
“It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.”
originally posted by: Cabin
a reply to: Edumakated
Having run a business more than once, even currently, I do understand how wage system works, although I can not stand business models like that - focusing on selling massive amounts of cheaper products which are possible due to extrmely low salaries and tax loop holes. Such business models kill the economy, kill the tax system, kill the companies who want to do the right thing.
I can bring an example from local area. There was this nice coffee shop nearby. Decent elder man running it for a long time. Every employee got decent wage, very cozy place with reasonable prices. What happened, some other guy decided to open another coffee shop nearby. His purpose was sole profit. The employees were very poorly waged, which led to very low prices. It was time of the economic crisis and these people were just desperate for a job. In the end, people unfortunately go for the cheaper cost. The first place had to close down due to majority of clients leaving for the cheaper place.
Why I brought this point. If there is even a single loop, a single company in the nearby area who is able to use it or just by using any means gets a cheaper cost, they win. Walmart could easily pay all their cashiers living wage, cover the healthcare by adding a little extra to the cost of their very low-priced products. That is not their business model and that affects every company either selling or producing products nearby, as they have to somehow lower the price of the product. In the end, way too many die out due to such business practices.
I have personally always taken every member of my team/company as part of family. Happier, healthier employees are far more productive as well. I have even cut my own salary to pay them more. I still earned more than them, after all skills do matter, but they were paid significantly over the average pay in the sector. Of course the price of our service was higher than rivaling companies, but I am happy I did the right thing.
Another point, I wanted to bring is the fact that desperate people are willing to take desperate actions, especially if family is involved. There are way too many companies out there who significantly lower their wages during economically different times. Not because of the fact that they would not make profit, but because of the fact they know there is always another desperate person behind the door in a need for a job. I personally know a few company owners who did that in 2009, after the crisis burst out. Their profits nearly doubled that year...
Link
1) Income taxes paid by individuals: $1.48 trillion, or 47% of all tax revenues.
2) Payroll taxes paid jointly by workers and employers: $1.07 trillion, 34% of all tax revenues.
3) Corporate income taxes paid by businesses: $341.7 billion, or 11% of all tax revenues
originally posted by: Edumakated
The problem I have with socialism is that is assumes central planners know better than the individual.
originally posted by: CharlieSpeirs
a reply to: nwtrucker
The right NOT to be involved in or taxed for these programs.
I'd agree with that. A purely socialist state gives people an option of what they spend their hard earned on.
That needs to be addressed.
But hand in hand, the capitalist tax machine is no better, because I know for sure if people had a choice about military expenditure it'd be a lot less of the GDP and also more prudent in deciding what wedding to drone.
No one should have to pay for such nonsense given a choice.
So the only fault you've found with socialism I also highlight in capitalism.
Time for a tie breaker, nw.
originally posted by: Krazysh0t
originally posted by: nwtrucker
originally posted by: Krazysh0t
originally posted by: nwtrucker
originally posted by: Krazysh0t
a reply to: FamCore
So how was the system overloaded in the 50's and 60's?
Come on, man. Totally different situation then and you know it. No international competition for manufactured goods, a huge military industrial complex that was running over 10% of the GDP was a factor, as well.
But our MIC is bigger now than it was in the 50's and 60's...
The nation had an affluence. Lots of jobs which translated into lots of revenue for the gov't. Abundance. One can be quite generous when has lots of cash. Productivity was the key. A healthy private sector HAS to be a factor as well.
Sounds like Socialism works to me then.
Sounds like our economy worked in spite of, not because of..
How so? Things were great until Reagan broke things with his "better" idea. To me, this looks like you are denying the obvious.
originally posted by: MystikMushroom
We vote for people who know more about how to run governments and how to get things done than ourselves?
originally posted by: theantediluvian
Welfare doesn't cause unemployment or underemployment. Labor supply does not create labor demand. Spikes in welfare program enrollment have followed economic down turns, not preceded them. You're right that the system is broken, you're wrong in thinking that cutting welfare will fix it. Nor will removing regulation and gutting labor laws. Nor would all of the country's unions magically disappearing tomorrow.