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RE: Another interesting article... - 7/30/2014 10:51:20 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
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quote:

ORIGINAL: CreativeDominant


quote:

ORIGINAL: joether

quote:

ORIGINAL: kinksterparty
quote:

ORIGINAL: Zonie63
True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.


That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.

Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?

Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?

It's a global economy. Deal with it.


A corporation is *NOT* a person. The corporation can not have national loyalties since its not a sentient being. Its a form of government onto itself. Now, where does the loyalty of the PEOPLE within that corporation lie? If those people are American, and seeking to undermine the United States of America directly or indirectly, all in the name of profit; should they stay as citizens? Since the Koch brothers use their business interests to funnel resources towards organizations that wish to undermine the nation's ability to operate.
The Koch Brothers do not seek to undermine America...they seek to undermine what they disagree with: a leftist, socialist point of view. That is not America, it's a political stance.


But the Kock brothers have more free speech [sic] in the bank. Their 'speech' is heard louder, more often and in many more places and can drown out others' speech whose free speech rights aren't so 'equal' to the Koch brothers.

(in reply to CreativeDominant)
Profile   Post #: 41
RE: Another interesting article... - 7/30/2014 11:04:36 AM   
kinksterparty


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Not any more "speech in the bank" than unions.

Top 20 political donors of all time:



Where are the Koch Brothers?

Source: http://poorrichardsnews.com/post/76968611504/so-democrats-about-all-that-money-in-politics

< Message edited by kinksterparty -- 7/30/2014 11:06:25 AM >

(in reply to MrRodgers)
Profile   Post #: 42
RE: Another interesting article... - 7/30/2014 11:10:11 AM   
kinksterparty


Posts: 89
Joined: 4/4/2011
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Aaand, another chart FYI.

Source: http://www.directorship.com/unions%E2%80%99-new-playbook/


(in reply to kinksterparty)
Profile   Post #: 43
RE: Another interesting article... - 7/30/2014 11:26:41 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: kinksterparty

Not any more "speech in the bank" than unions.
Where are the Koch Brothers?

Source: http://poorrichardsnews.com/post/76968611504/so-democrats-about-all-that-money-in-politics

You shouldn't have believed a right wing source.
The Koch's hide their donations by funneling them through multiples super Pac's and 501(c)4's.
http://www.motherjones.com/politics/2012/11/charts-map-koch-brothers-2012-spending
So in just one cycle the Koch's spent north of $36 million.

(in reply to kinksterparty)
Profile   Post #: 44
RE: Another interesting article... - 7/30/2014 4:48:06 PM   
CreativeDominant


Posts: 11032
Joined: 3/11/2006
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quote:

ORIGINAL: DomKen

quote:

ORIGINAL: kinksterparty

Not any more "speech in the bank" than unions.
Where are the Koch Brothers?

Source: http://poorrichardsnews.com/post/76968611504/so-democrats-about-all-that-money-in-politics

You shouldn't have believed a right wing source.
The Koch's hide their donations by funneling them through multiples super Pac's and 501(c)4's.
http://www.motherjones.com/politics/2012/11/charts-map-koch-brothers-2012-spending
So in just one cycle the Koch's spent north of $36 million.
as compared to a left-wing source?

(in reply to DomKen)
Profile   Post #: 45
RE: Another interesting article... - 7/30/2014 5:00:47 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: CreativeDominant


quote:

ORIGINAL: DomKen

quote:

ORIGINAL: kinksterparty

Not any more "speech in the bank" than unions.
Where are the Koch Brothers?

Source: http://poorrichardsnews.com/post/76968611504/so-democrats-about-all-that-money-in-politics

You shouldn't have believed a right wing source.
The Koch's hide their donations by funneling them through multiples super Pac's and 501(c)4's.
http://www.motherjones.com/politics/2012/11/charts-map-koch-brothers-2012-spending
So in just one cycle the Koch's spent north of $36 million.
as compared to a left-wing source?


It's all sourced you can verify it.

(in reply to CreativeDominant)
Profile   Post #: 46
RE: Another interesting article... - 7/30/2014 6:06:55 PM   
DesideriScuri


Posts: 12225
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quote:

ORIGINAL: Zonie63
quote:

ORIGINAL: DesideriScuri
What really grates people who support Capitalism is criticism of Capitalism when it's not really Capitalism at work. The Corporatism we have today isn't really Capitalism. Therein lies the issue.

Fair enough, but why is that capitalists are the first ones to balk whenever someone wants to move the system away from corporatism? You complain about corporatism, but why go against proposals which would curtail or possibly end the corporate stranglehold on our nation and economy?
Today's corporatism is the result of implementing policies that the capitalists wanted back in the 1980s and 90s. You may not like corporatism, but you can't deny that it's because of ardent support of capitalistic policies that got us here in the first place. Deregulation, free trade, and other maneuvers designed to benefit the free market/private sector interests clearly did just that. Corporations are also part of the private sector, so it was only natural that they would wind up at the top of the food chain.
Capitalists typically refuse to see this as a consequence of the ideology they support. They seem to believe that any problems within our economy must be due to some nefarious intangible "communist plot" or something. It can never be due to anything they did or supported. It's always somebody else who is to blame.


Keeping government out of the loop more will lead to less corruption of government by corporations. I oppose the amount of money involved in politics. Doling out favors to corporations in response to their political support is heinous in my eyes. I didn't oppose the basic tenet of Occupy Wall Street. I simply felt that going after Wall Street was the wrong way to go about it. Had they put their focus on stopping government from accepting "bribes" from Wall Street, I'd have had no problem with that.

quote:

I linked to the article, brother! I wasn't going to quote it all out, but give a synopsis.
You asked, so...
    quote:

    The first factor is simple ignorance. Few people credit capitalism for the fact that they “enjoy amenities that were denied to even the most prosperous people of earlier generations.” Telephones, cars, steel-making, and thousands of other advancements are all “an achievement of classical liberalism, free trade, laissez faire, and capital” — with the driving force being the profit motive and the deployment of capital used in the development of better tools and machines and the creation of new products. Take away capitalism and you wipe out most or all of the extraordinary progress that has been made in raising living standards and reducing poverty since the dawn of the Industrial Revolution.

That's still a somewhat narrow and limited viewpoint which doesn't change my earlier point. This only looks at the good points of capitalism and ignores the bad, and it also completely disregards a plethora of other historical factors leading to the rise of Western power and prosperity in the 18th, 19th, and 20th centuries. This guy makes it sound like Capitalism descended in like Tinkerbell and magically transformed the world.
In short, it's not "ignorance" that he's addressing here. It's a lack of worship.

We'll have to agree to disagree.

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2. "The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick."

This is possible as a peripheral factor, although this should be expected as a natural reaction to any form of inequality or disparity in wealth. One problem here is that this statement carries the implication that there must necessarily be a "short end of the stick" in a capitalist society. It demonstrates ideological thinking and an inability to think outside the box.

    quote:

    The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick. As Mises observes: “Capitalism grants to each the opportunity to attain the most desirable positions which, of course, can only be attained by the few … Whatever a man may have gained for himself, there are always before his eyes people who have outstripped him … Such is the attitude of the tramp against the man with the regular job, the factory hand against the foreman, the executive against the vice-president, the vice-president against the president, the man who is worth three hundred thousand dollars against the millionaire, and so on.”

I would find this view to be a bit of an oversimplification. Not everyone in this world is gripped by envy, but envy can very easily lead to ambition and greed which might lead to a favorable outcome from a capitalistic viewpoint.


Envy, in and of itself, isn't necessarily a bad thing. Wanting to be more like someone who has more or is more successful is a good thing, imo. It's when you take to knocking that other guy down, whether by government taxation or regulation, rather than by improving yourself, that things tend to go wrong. For the most part, you can change the length of your stick end through hard work and diligence.

quote:

quote:

The "short end of the stick" mentality isn't a necessity, but it's a reality. I'd love to make Lebron James type money, but I quite easily admit to not having the abilities that he has and is getting paid for. But, I don't begrudge him getting paid what he gets paid.

Just as long as wages stay high enough so fans can continue buying tickets to his games. He won't be earning that kind of money if people can't afford the tickets.
You don't want the "short end of the stick" to get too short.


And that's how shit works. If the price gets too high (or others offer a perceived similar value for a lower price), sales volume drops and you stop making money. Ask Sears and K-Mart how that works.

quote:

quote:

quote:

quote:

3. "And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. "

This is a circular point, as much as saying "people hate capitalism because they hate it." Nothing to address here.

    quote:

    And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. As Mises notes, the critics and anti-capitalists go on telling and re-telling the same story: saying that “capitalism is a system to make the masses suffer terribly and that the more capitalism progresses and approaches its full maturity, the more the immense majority becomes impoverished.”

Well, it's not exactly so far off the wall as the author implies here. After all, Malthus and others of that ilk during the early days of the Industrial Revolution gave their own unique "moral justification" for the very atrocities which took place in the early days of capitalism. Of course, that was before a number of revolutions and wars gripped Europe and forced capitalism to make a few changes. In the US, similar changes had to be made, which ended the excesses of capitalism which characterized much of our history throughout the 18th, 19th, and early 20th centuries.
Things started to get better for the average citizen as capitalism became more restrained and regulated. But in recent decades, capitalists have been balking against that, saying that they don't want to be restrained and regulated anymore. They wonder why people are against unrestrained, unregulated capitalism, but given our history, it shouldn't really be that great of a mystery.


The argument is less about unrestrained or unregulated capitalism, though, and more about how much restraint and regulation is placed on capitalism. The greater the restraint, the less capitalism we have, and the greater the benefit of buying further government intrusion by corporations (to either restrain competition, or to get their own carve-out).

quote:

quote:

quote:

If capitalists are losing sleep and worried that people would "renounce freedom and voluntarily surrender to the suzerainty of omnipotent government," why can't capitalists try to offer a better choice and show some willingness to negotiate and compromise? That's where they lose credibility, since a little flexibility on their part would work wonders right about now. But time and time again throughout history, we've seen political systems overthrown and countries turned upside down, mainly as a result of those in power being too stubborn, arrogant, narcissistic, and egotistical to give even just a little bit. When facing such a brick wall of ideological intransigence, what can people do? What choices do they have?
What would capitalists be willing to give up in order to avoid "the suzerainty of omnipotent government"? If capitalists simply raised wages on their own - before they're asked to, before workers threaten to go on strike, before the government forces them to raise wages - then they could avoid a lot of the "unpleasantries" that come with government interference. But no, they stubbornly stick to their guns until the issue is forced and THAT'S what brings about all this loathing of capitalism.
I'm not saying that capitalism is ALL bad, but it's not all good either. As long as capitalists are willing to acknowledge this and willing to negotiate on a fair and objective level, then perhaps a balanced compromise can be achieved which would help us all sleep better at night. What are they willing to offer? Maybe if capitalists actually tried to look at this issue as practical business people rather than as rigid ideologues, they might be able to come up with better ideas.
Another aspect that needs to be examined is not just economic but the overall condition and position of the country as a whole. The role of the government in the economy became more predominant largely because it was necessary for our national security, such as active intervention in the free market during WW2. The government determined that the nation's survival was at stake, so they had to do what was practical - even if it mildly broke some of the tenets of capitalist orthodoxy.
Back then, they were willing to be flexible for the good of the country, but I don't see very much of this flexibility among capitalists of today.

Therein lies the problem, Zonie: finding the right mix of Capitalism and Government. There are those who want more G than C. There may be people who don't want any C, unless it's really all G. There will be those who want no G at all, too. Then, there are those people who want more C than G. Within that last group (and within the first group mentioned), you're also going to find people who are going to argue about the specific levels of both. It's not surprising to me.

The problem we're facing today is that society is just too big and complex to expect it to run efficiently and orderly under laissez-faire conditions. Even back in the early days of cars, steel-making, and telephones (which the author credited to capitalism), there was also a great deal of violence and other labor unrest, in addition to other problems our country was facing. Eventually we realized that we really couldn't have laissez-faire capitalism and become a superpower.
Now that the powers that be have been pushing for a global economy and free trade, it makes the bigger picture all the more complicated and large. We can no longer think of capitalism as simply an isolated exercise that we practice within our own boundaries. If we have a global economy, then we have to consider the global ramifications of whatever we do. That's the reality that we're stuck with now.


There is a need for some government regulation. Of that, there is no doubt. But, we still have to look at how much. And that's the sticky part.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Zonie63)
Profile   Post #: 47
RE: Another interesting article... - 7/30/2014 6:09:15 PM   
DesideriScuri


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quote:

ORIGINAL: MrRodgers
Corporatism IS capitalism. Capitalism is 'moneyism' The Capitalist and the corporatism that results, outsource every expense, placing them on society, minimize the return on labor, shave or avoid every dollar of taxes even off-shoring profits and act totally and only in the interest of investors...not society and not country.
Capitalism at the partnership and personal level is...turning paper into money creating a world of mere speculation from which society becomes slave to their pricing. Capitalism does not add to GDP as production is always malleable to the best and least protective labor environment.
Capitalism is the antithesis of a free market which is last thing the capitalist wants. The capitalist wants 'his' market, with minimized competition, minimized regulation, buying into markets narrowing them further rather than create markets. There are no redeeming values in capitalism such as those that would present in a true free market, kept free and regulated by govt.


You don't actually know what capitalism is, then, MrRodgers.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to MrRodgers)
Profile   Post #: 48
RE: Another interesting article... - 7/30/2014 6:11:49 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
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quote:

ORIGINAL: DomKen
quote:

ORIGINAL: CreativeDominant
I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.
Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.
I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?
Or do you want to divert from that path again?

Piketty answered that very early on in his book.
Labor provides to the Capitalist ever increasing productivity. 
Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything.


Except invest in the technology.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to DomKen)
Profile   Post #: 49
RE: Another interesting article... - 7/30/2014 8:05:53 PM   
Zonie63


Posts: 2826
Joined: 4/25/2011
From: The Old Pueblo
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quote:

ORIGINAL: kinksterparty

quote:

ORIGINAL: Zonie63
True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.


That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.


Actually, I think trade routes in human history go back a lot farther than that. A lot has happened since the 1300s anyway. I think you missed the point.

quote:


Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?


The point was about "moving overseas," not selling products or setting up branch offices in other countries. The point has been made that if America is not friendly to free market economics and entrepreneurs/business people, then capitalists will move overseas to greener pastures. If that's what they want to do, then so be it. But if they choose to turn their backs on America for the sake of their own profit and convenience, then they should at least be honest about it. Is that asking so much?

quote:


Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?


You can be whatever you wish to be. It's a free world, more or less.

quote:


It's a global economy. Deal with it.


Of course. What other choice do I have? We're just talking here. That's still allowed, isn't it?

(in reply to kinksterparty)
Profile   Post #: 50
RE: Another interesting article... - 7/30/2014 8:05:55 PM   
Sanity


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From: Nampa, Idaho USA
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quote:

ORIGINAL: DesideriScuri

Except invest in the technology.



Develop and implement the technology as well




_____________________________

Inside Every Liberal Is A Totalitarian Screaming To Get Out

(in reply to DesideriScuri)
Profile   Post #: 51
RE: Another interesting article... - 7/30/2014 8:28:48 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
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quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
quote:

ORIGINAL: CreativeDominant
I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.
Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.
I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?
Or do you want to divert from that path again?

Piketty answered that very early on in his book.
Labor provides to the Capitalist ever increasing productivity. 
Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything.


Except invest in the technology.


Which more than pays for itself. That is an utterly fallacious argument. It's like arguing whether or not a business owner should supply the raw materials for the products his company makes.

(in reply to DesideriScuri)
Profile   Post #: 52
RE: Another interesting article... - 7/30/2014 10:38:01 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
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quote:

ORIGINAL: kinksterparty

Not any more "speech in the bank" than unions.

Top 20 political donors of all time:



Where are the Koch Brothers?

Source: http://poorrichardsnews.com/post/76968611504/so-democrats-about-all-that-money-in-politics

But they can drown out the unions if only because union money is spread out and collectively he and the others will billion$ in free speech certainly can. The Koch bros. all by themselves can fund ALEC and have every labor or environmental bill all over the states...defeated.

Let me know when the unions pay like the Koch bros. did...PBS, $23 million that got a derogatory documentary yanked from going on the air.

And your second chart is what...$14-$15 million total, little more than 1/2 of one fucking check to PBS ? Thousands of people far outspent by one corporate entity.

< Message edited by MrRodgers -- 7/30/2014 10:43:27 PM >

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Profile   Post #: 53
RE: Another interesting article... - 7/30/2014 11:17:10 PM   
Zonie63


Posts: 2826
Joined: 4/25/2011
From: The Old Pueblo
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quote:

ORIGINAL: DesideriScuri
Keeping government out of the loop more will lead to less corruption of government by corporations. I oppose the amount of money involved in politics. Doling out favors to corporations in response to their political support is heinous in my eyes. I didn't oppose the basic tenet of Occupy Wall Street. I simply felt that going after Wall Street was the wrong way to go about it. Had they put their focus on stopping government from accepting "bribes" from Wall Street, I'd have had no problem with that.


The problem at hand seems so deep and so entrenched in the system that it needs a major clean-out, Roto Rooter style.

I think the Occupy Wall Street might have indicated that some people believe that the major banks and corporations are the ones who are really in charge, while the politicians answer to them. After all, those on Wall Street are the ones with the money, and money is essential to winning elections.

Of course, if the public wasn't so easily fooled by these slick and expensive political campaigns, then money would be a less of a factor in the electoral process.

Still, those who have the money and power to corrupt the government also have the money and power to reform the government and make it better. So, if those on Wall Street have their hooks in government, then maybe it would behoove to take heed that people are unhappy and that they'd better do something soon to make things right before the shit hits the fan.


quote:


Envy, in and of itself, isn't necessarily a bad thing. Wanting to be more like someone who has more or is more successful is a good thing, imo. It's when you take to knocking that other guy down, whether by government taxation or regulation, rather than by improving yourself, that things tend to go wrong. For the most part, you can change the length of your stick end through hard work and diligence.


I don't think that anyone wants to knock the other guy down, and I also think that encouraging people to improve themselves (and helping them to do so when needed) is a good thing.

As for changing the length of your stick through hard work and diligence (and that phrasing gave me a bit of chuckle, I must confess), that also greatly depends on how well the overall economy is doing. That's really the main issue at stake here.

Also, as far as envy is concerned, as exemplified in the article by noting a corporate hierarchy, with the lower ranks envying those at the higher ranks, that may not be materialistic envy as much as it's envy of power. The position and title itself might also be the object of envy, while the money may be a secondary (yet still desirable) factor. But just because a person is a CEO and another person is only a vice-president, it wouldn't necessarily mean the CEO was more diligent or worked harder than the vice-president. People can get knocked down in other ways than regulation or taxation. It's a dog-eat-dog world.


quote:


And that's how shit works. If the price gets too high (or others offer a perceived similar value for a lower price), sales volume drops and you stop making money. Ask Sears and K-Mart how that works.


I would, but it's been quite some time since I visited either of those stores.

But how many businesses and workers have to stop making money before anyone starts to worry that there's some kind of problem?

It would seem that those who are in the position to make the decisions which decide the fate of these companies are most likely in a favorable situation where they really don't have to give a shit. They're likely close to retirement, sitting on a sizable nest egg with a golden parachute, and they can take their money and run. Why should they care if their company goes under? They already got what they came for.

But when those empty storefronts remain empty for what seems like an unusually long time, with no one stepping in to replace them, then it's time to start asking the hard questions.


quote:


The argument is less about unrestrained or unregulated capitalism, though, and more about how much restraint and regulation is placed on capitalism. The greater the restraint, the less capitalism we have, and the greater the benefit of buying further government intrusion by corporations (to either restrain competition, or to get their own carve-out).


I would suggest that the issue really isn't about "capitalism" per se. I think economic systems are fundamentally tied in with political systems, and as such, they are both reflections of the culture, attitudes, and mores of the people. Capitalists are politicians in a different forum, and the level of restraint or regulation they might have to deal with rests largely with their own political skills and powers of persuasion, in whatever form it might take.


quote:


There is a need for some government regulation. Of that, there is no doubt. But, we still have to look at how much. And that's the sticky part.


I think we can at least keep our options open and try to remain flexible (which is difficult with all the political gridlock we're faced with these days). In terms of regulation, we will need to examine how much is too much versus too little - and which areas of the economy any given regulation might affect most. The government sometimes has to act as a referee, but they also have to maintain political stability. Political stability is essential to economic stability. But these things fluctuate, and thus, the need for regulation and/or deregulation may also fluctuate. But whatever we decide to do as a country, I hope we can figure it out soon. Indecision and gridlock have their own consequences - and can ruin a great many people's hard work and diligence. That's something to ponder.


(in reply to DesideriScuri)
Profile   Post #: 54
RE: Another interesting article... - 7/31/2014 12:23:02 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: Zonie63
quote:

ORIGINAL: kinksterparty
quote:

ORIGINAL: Zonie63
True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.

That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.

Actually, I think trade routes in human history go back a lot farther than that. A lot has happened since the 1300s anyway. I think you missed the point.
quote:


Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?

The point was about "moving overseas," not selling products or setting up branch offices in other countries. The point has been made that if America is not friendly to free market economics and entrepreneurs/business people, then capitalists will move overseas to greener pastures. If that's what they want to do, then so be it. But if they choose to turn their backs on America for the sake of their own profit and convenience, then they should at least be honest about it. Is that asking so much?
quote:


Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?

You can be whatever you wish to be. It's a free world, more or less.
quote:

It's a global economy. Deal with it.

Of course. What other choice do I have? We're just talking here. That's still allowed, isn't it?


http://taxfoundation.org/article/corporate-inversions-introduction-issue-and-faq

http://www.bloomberg.com/news/2014-06-16/medtronic-is-biggest-firm-yet-to-renounce-u-s-tax-status.html

http://www.nytimes.com/roomfordebate/2014/07/21/how-can-the-us-stop-corporate-tax-flight/inversions-highlight-unfairness-of-the-tax-code

The first link gives a pretty good explanation of what an inversion is. And, there are also two examples of how an inversion can be used to benefit a corporation that I find underhanded and their legality (or continued legality) might need to be discussed.
    quote:

    Q: How can an inverted corporation be used to reduce a company’s income from U.S. sources? if structured properly, a corporate inversoin can be used to reduce a company's taxes on domestically earned income. This may be accomplished in several ways. In some inversion transactions the U.S. company issues debt to its foreign parent company in exchange for additional equity in the foreign company. The domestic firm can then deduct the interest expenses associated with the debt from its taxable income. However, since the U.S. corporation owns equity in the foreign company, the overall value of the domestic company does not change. Another popular method of reducing a company's tax burden is to transfer ownership of intangible assets to the new foreign parent company. These assets continue to produce income in the United States, but that income is attributed to the foreign company which faces a lower tax rate, because of that entity's ownership of the asset.


Income made in the US should have taxes paid to the US. Income made outside the US, shouldn't have taxes paid to the US, imo.

Preventing businesses from reincorporating outside the US, imo, shouldn't be prevented by edict. Why are these companies reincorporating outside the US? And, why isn't that addressed?

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Zonie63)
Profile   Post #: 55
RE: Another interesting article... - 7/31/2014 12:37:37 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: CreativeDominant
I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.
Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.
I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?
Or do you want to divert from that path again?

Piketty answered that very early on in his book.
Labor provides to the Capitalist ever increasing productivity. 
Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything.

Except invest in the technology.

Which more than pays for itself. That is an utterly fallacious argument. It's like arguing whether or not a business owner should supply the raw materials for the products his company makes.


You: "Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything."

The Capitalist still needs to invest in the technology advances (which could include the R & D of that technology). The Capitalist invests in technology, generally, to reduce costs. It's not the people doing the work that are taking on that risk. It's the Capitalist that is risking the money.

Yes, the company does need to provide the means of production, allowing the employee to provide the labor to create the products, but if an employee's productivity rises because the company invests in better technology, and the employee isn't providing more labor, that increase in productivity needn't be rewarded with greater pay. The increased productivity will tend to increase profits (a portion of which usually goes towards paying for the tech invested in, saving for future investments, and/or research into further tech advances). If an employee is more productive than the next employee, using the same means of production, the more productive employee should be compensated to a greater degree. Therein lies an incentive to improve one's productivity.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to DomKen)
Profile   Post #: 56
RE: Another interesting article... - 7/31/2014 12:56:56 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: Zonie63
quote:

ORIGINAL: DesideriScuri
Keeping government out of the loop more will lead to less corruption of government by corporations. I oppose the amount of money involved in politics. Doling out favors to corporations in response to their political support is heinous in my eyes. I didn't oppose the basic tenet of Occupy Wall Street. I simply felt that going after Wall Street was the wrong way to go about it. Had they put their focus on stopping government from accepting "bribes" from Wall Street, I'd have had no problem with that.

The problem at hand seems so deep and so entrenched in the system that it needs a major clean-out, Roto Rooter style.
I think the Occupy Wall Street might have indicated that some people believe that the major banks and corporations are the ones who are really in charge, while the politicians answer to them. After all, those on Wall Street are the ones with the money, and money is essential to winning elections.
Of course, if the public wasn't so easily fooled by these slick and expensive political campaigns, then money would be a less of a factor in the electoral process.
Still, those who have the money and power to corrupt the government also have the money and power to reform the government and make it better. So, if those on Wall Street have their hooks in government, then maybe it would behoove to take heed that people are unhappy and that they'd better do something soon to make things right before the shit hits the fan.


That's going to depend entirely on how Wall Street thinks things will shake out once the shit starts spraying.

Unfortunately, there is no way to force anyone to pay attention to issues and to use critical thinking skills prior to voting. I think there are enough low information voters out there that can be swayed to win an election by either party. It's all about which ad campaign can lure the most suckers. I fully believe the majority of voters are low information voters, too. And, that is just sad.

Roto-Rooter style? I don't disagree with that at all.

quote:

quote:

Envy, in and of itself, isn't necessarily a bad thing. Wanting to be more like someone who has more or is more successful is a good thing, imo. It's when you take to knocking that other guy down, whether by government taxation or regulation, rather than by improving yourself, that things tend to go wrong. For the most part, you can change the length of your stick end through hard work and diligence.

I don't think that anyone wants to knock the other guy down, and I also think that encouraging people to improve themselves (and helping them to do so when needed) is a good thing.
As for changing the length of your stick through hard work and diligence (and that phrasing gave me a bit of chuckle, I must confess), that also greatly depends on how well the overall economy is doing. That's really the main issue at stake here.
Also, as far as envy is concerned, as exemplified in the article by noting a corporate hierarchy, with the lower ranks envying those at the higher ranks, that may not be materialistic envy as much as it's envy of power. The position and title itself might also be the object of envy, while the money may be a secondary (yet still desirable) factor. But just because a person is a CEO and another person is only a vice-president, it wouldn't necessarily mean the CEO was more diligent or worked harder than the vice-president. People can get knocked down in other ways than regulation or taxation. It's a dog-eat-dog world.


Taxing people at ever higher rates to subsidize more and more isn't knocking people down? I disagree.

My use of the phrase, "for the most part," indicates that working harder isn't always going to be indicative of your success levels, and there are people who get to add to what their forebears started, too. A person "paying it forward" to his/her children is a good thing. Even that is being attacked. You take two people who are generally equal, the one that works harder than the other will tend to be more successful. I'm never going to have income like Lebron, the Koch's, Bill Gates, etc., and I'm perfectly okay with that. I don't need it. I'm looking at competing with myself, though. I want to be better than I am. I know that the better I am, the more valuable an employee I'll be, and the more successful I'll be.

quote:

quote:

And that's how shit works. If the price gets too high (or others offer a perceived similar value for a lower price), sales volume drops and you stop making money. Ask Sears and K-Mart how that works.

I would, but it's been quite some time since I visited either of those stores.
But how many businesses and workers have to stop making money before anyone starts to worry that there's some kind of problem?
It would seem that those who are in the position to make the decisions which decide the fate of these companies are most likely in a favorable situation where they really don't have to give a shit. They're likely close to retirement, sitting on a sizable nest egg with a golden parachute, and they can take their money and run. Why should they care if their company goes under? They already got what they came for.
But when those empty storefronts remain empty for what seems like an unusually long time, with no one stepping in to replace them, then it's time to start asking the hard questions.


Yes, it is. And, part of the problem could very easily be government putting hurdles in place, making it more and more difficult for entrepreneurs to enter the marketplace. The more difficult it is to form and run a company (from a government compliance aspect), the less competition there will be for those that are already there.

And, for the peanut gallery, that doesn't mean I don't want any regulations on start ups, or anything like that.

quote:

quote:

The argument is less about unrestrained or unregulated capitalism, though, and more about how much restraint and regulation is placed on capitalism. The greater the restraint, the less capitalism we have, and the greater the benefit of buying further government intrusion by corporations (to either restrain competition, or to get their own carve-out).

I would suggest that the issue really isn't about "capitalism" per se. I think economic systems are fundamentally tied in with political systems, and as such, they are both reflections of the culture, attitudes, and mores of the people. Capitalists are politicians in a different forum, and the level of restraint or regulation they might have to deal with rests largely with their own political skills and powers of persuasion, in whatever form it might take.


Sadly, the powers of persuasion usually have a "$" in front of them.

quote:

quote:

There is a need for some government regulation. Of that, there is no doubt. But, we still have to look at how much. And that's the sticky part.

I think we can at least keep our options open and try to remain flexible (which is difficult with all the political gridlock we're faced with these days). In terms of regulation, we will need to examine how much is too much versus too little - and which areas of the economy any given regulation might affect most. The government sometimes has to act as a referee, but they also have to maintain political stability. Political stability is essential to economic stability. But these things fluctuate, and thus, the need for regulation and/or deregulation may also fluctuate. But whatever we decide to do as a country, I hope we can figure it out soon. Indecision and gridlock have their own consequences - and can ruin a great many people's hard work and diligence. That's something to ponder.


Indecision and gridlock can be limiting to real improvement, but it can also prevent further distortions of the economy. "Real improvement" and "distortions" will be defined by your political persuasion, of course.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Zonie63)
Profile   Post #: 57
RE: Another interesting article... - 7/31/2014 7:46:07 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: DesideriScuri

You: "Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything."

The Capitalist still needs to invest in the technology advances (which could include the R & D of that technology). The Capitalist invests in technology, generally, to reduce costs. It's not the people doing the work that are taking on that risk. It's the Capitalist that is risking the money.

Yes, the company does need to provide the means of production, allowing the employee to provide the labor to create the products, but if an employee's productivity rises because the company invests in better technology, and the employee isn't providing more labor, that increase in productivity needn't be rewarded with greater pay. The increased productivity will tend to increase profits (a portion of which usually goes towards paying for the tech invested in, saving for future investments, and/or research into further tech advances). If an employee is more productive than the next employee, using the same means of production, the more productive employee should be compensated to a greater degree. Therein lies an incentive to improve one's productivity.


Another fallacious argument. Productivity gains that increase a company's profits that are not shared with the company's workforce are bad for the economy and therefore ultimately bad for that company. It is what is so constraining our economy today. Consider if the company's increased profits primarily go to executive compensation and stock dividends (the present model) then those productivity gains do not drive increases in demand throughout the economy since business executives already have more income than they spend and that is also true for the investment class that receives most of the stock dividends.

Rationally, increasing the pay of all workers when productivity increases, increases demand throughout the economy which helps the entire economy.

(in reply to DesideriScuri)
Profile   Post #: 58
RE: Another interesting article... - 7/31/2014 12:06:03 PM   
Zonie63


Posts: 2826
Joined: 4/25/2011
From: The Old Pueblo
Status: offline

quote:

ORIGINAL: DesideriScuri
Income made in the US should have taxes paid to the US. Income made outside the US, shouldn't have taxes paid to the US, imo.

Preventing businesses from reincorporating outside the US, imo, shouldn't be prevented by edict. Why are these companies reincorporating outside the US? And, why isn't that addressed?


I think it should be addressed, and I'm not arguing that anyone should be prevented from leaving the U.S. if they wish to leave. But if they want to have their cake and eat it, too, then that might be something worth questioning.

Have you ever stopped to consider just how absurd it all is? I mean, here we have people born into wealth and privilege, who have every luxury and comfort, who enjoy the protection of living under one of the most powerful governments and nations on the planet, and yet, they're still complaining that they're not getting enough.


quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: Zonie63
quote:

ORIGINAL: DesideriScuri
Keeping government out of the loop more will lead to less corruption of government by corporations. I oppose the amount of money involved in politics. Doling out favors to corporations in response to their political support is heinous in my eyes. I didn't oppose the basic tenet of Occupy Wall Street. I simply felt that going after Wall Street was the wrong way to go about it. Had they put their focus on stopping government from accepting "bribes" from Wall Street, I'd have had no problem with that.

The problem at hand seems so deep and so entrenched in the system that it needs a major clean-out, Roto Rooter style.
I think the Occupy Wall Street might have indicated that some people believe that the major banks and corporations are the ones who are really in charge, while the politicians answer to them. After all, those on Wall Street are the ones with the money, and money is essential to winning elections.
Of course, if the public wasn't so easily fooled by these slick and expensive political campaigns, then money would be a less of a factor in the electoral process.
Still, those who have the money and power to corrupt the government also have the money and power to reform the government and make it better. So, if those on Wall Street have their hooks in government, then maybe it would behoove to take heed that people are unhappy and that they'd better do something soon to make things right before the shit hits the fan.


That's going to depend entirely on how Wall Street thinks things will shake out once the shit starts spraying.

Unfortunately, there is no way to force anyone to pay attention to issues and to use critical thinking skills prior to voting. I think there are enough low information voters out there that can be swayed to win an election by either party. It's all about which ad campaign can lure the most suckers. I fully believe the majority of voters are low information voters, too. And, that is just sad.

Roto-Rooter style? I don't disagree with that at all.


I agree with you about the low information voters. I have to admit that I’m somewhat baffled at times, especially since our society overall has favored education and informed political activism. It’s not that the information isn’t available, so I don’t see any real excuse for anyone to be a low information voter nowadays. It may also be due to the quality of the information they have, not the quantity.

Politicians also have a way of playing on people’s fears. That’s why mud-slinging and negative advertising seems to be so effective at winning elections. The common voter’s logic might go like this: “Well, I don’t really like D that much, but I’ll vote for him just because I’m really afraid that R will get in there. I really like G and would rather see him win, but he has no chance of winning and I don’t want to waste my vote. So I’m voting for D.” I think it’s actually a greater waste of one’s vote by voting for the lesser of two evils when there might be more desirable candidates in the field who get all but ignored.

quote:


quote:

quote:

Envy, in and of itself, isn't necessarily a bad thing. Wanting to be more like someone who has more or is more successful is a good thing, imo. It's when you take to knocking that other guy down, whether by government taxation or regulation, rather than by improving yourself, that things tend to go wrong. For the most part, you can change the length of your stick end through hard work and diligence.

I don't think that anyone wants to knock the other guy down, and I also think that encouraging people to improve themselves (and helping them to do so when needed) is a good thing.
As for changing the length of your stick through hard work and diligence (and that phrasing gave me a bit of chuckle, I must confess), that also greatly depends on how well the overall economy is doing. That's really the main issue at stake here.
Also, as far as envy is concerned, as exemplified in the article by noting a corporate hierarchy, with the lower ranks envying those at the higher ranks, that may not be materialistic envy as much as it's envy of power. The position and title itself might also be the object of envy, while the money may be a secondary (yet still desirable) factor. But just because a person is a CEO and another person is only a vice-president, it wouldn't necessarily mean the CEO was more diligent or worked harder than the vice-president. People can get knocked down in other ways than regulation or taxation. It's a dog-eat-dog world.


Taxing people at ever higher rates to subsidize more and more isn't knocking people down? I disagree.


Well, I think it would depend on how high the rate is. Taxation, in and of itself, is not designed to knock people down. It can certainly be used that way and abused to extreme proportions. We have a far from perfect track record in terms of governmental abuses in this country, but at least in my lifetime, I don’t think the taxes have really been that bad. Sure, they’re kind of a pain in the butt; I hate taxes, so it’s not that I’m unsympathetic.

I also find it especially galling to consider how much of the people’s money is wasted by the government. I don’t think that negates the necessity of taxation, but I agree that the government needs to come up with a better way of doing things.

quote:


My use of the phrase, "for the most part," indicates that working harder isn't always going to be indicative of your success levels, and there are people who get to add to what their forebears started, too. A person "paying it forward" to his/her children is a good thing. Even that is being attacked. You take two people who are generally equal, the one that works harder than the other will tend to be more successful. I'm never going to have income like Lebron, the Koch's, Bill Gates, etc., and I'm perfectly okay with that. I don't need it. I'm looking at competing with myself, though. I want to be better than I am. I know that the better I am, the more valuable an employee I'll be, and the more successful I'll be.


On a personal level, I’m much the same way, and in no way am I criticizing hard work, diligence, or even the success of the individuals you’re referring to. I just don’t think that it tells the whole story. In any case, noting individual success is more a credit to the talent, skills, hard work, and determination of those particular individuals. It doesn’t necessarily give credit to any particular system or political ideology. Hard work, talent, ambition, intelligence, and diligence will always tend to pay off on an individual level, regardless of whatever economic or political system one lives under.

quote:


quote:


But when those empty storefronts remain empty for what seems like an unusually long time, with no one stepping in to replace them, then it's time to start asking the hard questions.


Yes, it is. And, part of the problem could very easily be government putting hurdles in place, making it more and more difficult for entrepreneurs to enter the marketplace. The more difficult it is to form and run a company (from a government compliance aspect), the less competition there will be for those that are already there.

And, for the peanut gallery, that doesn't mean I don't want any regulations on start ups, or anything like that.


Whatever hurdles are put in place by government can be addressed and negotiated. I’ve seen a lot of businesses go under because their rent was too high and they couldn’t renegotiate their lease. Or maybe they can’t get any loans if the bank feels it’s not a good investment anymore. Whatever is squeezing small business these days, I can’t believe that it’s just government doing that through regulation and taxation. The big businesses play a pretty big role as well.

Maybe the government can put the hurdles and regulations on big business, while cutting small business a break and removing some of the hurdles. I don’t think anyone wants to knock down any of the hard-working small business owners, but I think most of the public’s anger these days is mainly directed at the fat cats and others at the top levels.


quote:


quote:

quote:

The argument is less about unrestrained or unregulated capitalism, though, and more about how much restraint and regulation is placed on capitalism. The greater the restraint, the less capitalism we have, and the greater the benefit of buying further government intrusion by corporations (to either restrain competition, or to get their own carve-out).

I would suggest that the issue really isn't about "capitalism" per se. I think economic systems are fundamentally tied in with political systems, and as such, they are both reflections of the culture, attitudes, and mores of the people. Capitalists are politicians in a different forum, and the level of restraint or regulation they might have to deal with rests largely with their own political skills and powers of persuasion, in whatever form it might take.


Sadly, the powers of persuasion usually have a "$" in front of them.


Yes, but when more people start to see less and less “$” in their lives, then the power starts to dissipate. That’s when they start to resort to cheaper forms of persuasion which tend to have unfavorable results.



quote:


Indecision and gridlock can be limiting to real improvement, but it can also prevent further distortions of the economy. "Real improvement" and "distortions" will be defined by your political persuasion, of course.


I think there might be ways of measuring “real improvement” from a more objective and non-political point of view. After all, there are plenty of things that conservatives and liberals do agree upon, so they can always try to build upon that. I don’t think we need any distortions of the economy, but I always try to remember that any perceptions of the economy are tied in with political and cultural perceptions as well. I figure, as long as we don’t have any major shortages of vital goods, or no food riots or power outages, we’re still shooting par. They never promised us a rose garden.

Still, when there are more and more boarded up storefronts, more pawn shops, more panhandlers and homeless people, and other signs of misery out there, it’s hard to ignore. Or even if people aren’t materially deprived, there still seems to be some inexplicable level of insanity that I can’t quite fathom. I don’t blame capitalism directly for that, but I think capitalism advocates a system which allows for unscrupulous people to prey on the weak and vulnerable. So, part of the loathing of capitalism also rests in the idea of wanting to protect the weak, which is an honorable thing for Captain America to do.

(in reply to DesideriScuri)
Profile   Post #: 59
RE: Another interesting article... - 7/31/2014 1:57:43 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: DomKen
quote:

ORIGINAL: DesideriScuri
You: "Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything."
The Capitalist still needs to invest in the technology advances (which could include the R & D of that technology). The Capitalist invests in technology, generally, to reduce costs. It's not the people doing the work that are taking on that risk. It's the Capitalist that is risking the money.
Yes, the company does need to provide the means of production, allowing the employee to provide the labor to create the products, but if an employee's productivity rises because the company invests in better technology, and the employee isn't providing more labor, that increase in productivity needn't be rewarded with greater pay. The increased productivity will tend to increase profits (a portion of which usually goes towards paying for the tech invested in, saving for future investments, and/or research into further tech advances). If an employee is more productive than the next employee, using the same means of production, the more productive employee should be compensated to a greater degree. Therein lies an incentive to improve one's productivity.

Another fallacious argument. Productivity gains that increase a company's profits that are not shared with the company's workforce are bad for the economy and therefore ultimately bad for that company. It is what is so constraining our economy today. Consider if the company's increased profits primarily go to executive compensation and stock dividends (the present model) then those productivity gains do not drive increases in demand throughout the economy since business executives already have more income than they spend and that is also true for the investment class that receives most of the stock dividends.
Rationally, increasing the pay of all workers when productivity increases, increases demand throughout the economy which helps the entire economy.


It is not bad for the economy and workforce to not share productivity gains with the workforce when it isn't an improvement in their input. Wouldn't it help the economy and workforce to reduce the price of the product? You know, lower the price to compete for higher sales?




_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to DomKen)
Profile   Post #: 60
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