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Even if every sale were pure profit in the business owner's pocket, nothing wrong with that. The workers have already been paid - the workers in fact get paid way before the business owners.
If the workers don't like the pay, they are free to work for someone else or start their own pure profit business.
I don't understand their jealousy.
True, I agree.
I don't get signing up to work for a place for one wage and then protesting that the wage isn't high enough.
Sam Walton wasn't born rich .
I don't think people should be criticizing business owners until they've tried to actually start or run a business
--
Walton began what would be a lifelong career in the retail business in 1940, when he took a job as a sales trainee at a J.C. Penney store in Des Moines, Iowa. Walton was enthusiastic about his job, but he was never one of Penney's most thorough employees. He hated to make customers wait while he fussed with paperwork, so his books were a mess. His boss even threatened to fire him, saying he was not cut out for retail work. Walton was saved by his ability as a salesman, and he added about $25 per month in commissions to his beginner's salary.
"Mortgaging his home and borrowing to the hilt, he opened his first Wal-Mart (short for Walton Mart) in 1962 in Rogers, Arkansas-not far from Bentonville. https://www.entrepreneur.com/article/197560
So the universe just hands out money to those it feels should have more than others?
What about working, saving, investing?
I guess all of those who are wealthy just sat by the empty pool and waited for the universe to drop cash into the pool to fill it up.......
PS ~~Why do you think you have the right to choose how someone else spends/uses their money?
Another person who didn't read my post. Thanks for trying, though.
"but they should give something back to the world that has allowed them"
Allowed. Really?
Hint they DO give back.
They SPEND more which in turn keeps OTHER people EMPLOYED.
I take it you never took a finance course.
You need to get out of your parents basement more!
LOL - I walk this talk that I speak. Parent's basement! That's a good one! FYI, I haven't lived at home since I was 14.
Do they (wealthy people) all give back? That is very, very debatable. Many do. Perhaps the majority. Which is good. And not just financially, which is great, too (there are many ways to "give back" beyond just handing people a bag of money - you can invest in the local youth, you can invest your wealth into your local region, you can help others get a start in their career...there are so many ways to give back that aren't just handing people money - think bigger).
Some of the greatest philanthropist of our time have been some of the wealthiest people. Look through history and you'll see many examples. But do they all? I think not.
I have plenty of money - I make far above the median. I don't say this to brag - I say this to point out that I could be part of this "evil wealthy" (admittedly at the bottom of that bracket, but still in it).
If you read my post carefully, you would see this is a question of "should" not "must". I think they should. I do not think they should be required/mandated, however. That's a very important distinction, that you seem to have quickly glossed over (or simply ignored?).
I give back as much as I can (once I cover my living, savings, any other debts, etc.). If others do not do this, they are not going to legally get in trouble (for good reason). But will I find that to be morally wrong to not give anything back to society...especially as income inequality grows worse and worse (and the threats of automation, AI, and outsourcing grow larger and larger)? Yes.
Sorry if that is offensive to you. I believe in helping my common man. I believe in the common good. It's how I was raised, and I have tried to live up to that principle in my life. I believe we all should aim for that.
Good day.
Last edited by HockeyMac18; 09-22-2017 at 12:16 PM..
They didn't give away. He didn't just donate to Red Cross. The money is still under his control.
that is one of the things about foundations that most people do not understand.
Quote:
Originally Posted by jm1982
True, I agree.
I don't get signing up to work for a place for one wage and then protesting that the wage isn't high enough.
Sam Walton wasn't born rich .
I don't think people should be criticizing business owners until they've tried to actually start or run a business
i also dont get the whole, yes i will work for you, and then complain i am not getting enough money, and blaming the business owner. forget that the governments take a big chunk of money from everyone in payroll taxes, but no one seems to complain about that do they?
What political power? We are a represented democracy.
We, the people, not holding the politicians accountable is no fault of the rich.
Have you ever heard the term "cui bono?" It's Latin; it means literally "for whose benefit."
It's the question you ask when something doesn't quite make sense. "Who benefits?"
Can you think of a reason why something like NAFTA or the TTP are not debated in the Senate? Can you think of a reason why the executive branch alone (which consists mostly of appointed officials, by the way) signs these agreements? Can you think of a reason why many of these agreements are kept secret until years after they've been passed? Or why many of them content clauses that allow companies to sue a country, demanding reparations or policy changes, if they enact regulations or policies they [the corporation] does not approve of?
"Cui Bono"
No one is more critical of political apathy than me; you can find dozens of times where I rant about people who actually think politics can be accurate and thoroughly viewed as being "liberal vs conservative." That's political apathy, and no doubt, people do not hold their elected official accountable. But the problem is bigger than that.
Many politicians are critical of these types of problems. Bernie Sanders, Elizabeth Warren (D), to a point, Donald Trump, Ron Paul. And if you need a Republican, Ron Paul's son. And let's assume these people were elected (minus Trump, since he's not a legislator) for the purpose of supporting this sort of populism and that these people would hold their elected official accountable. So what? What can Elizabeth Warren or Rand Paul do in the Senate, a part of a body of government that largely doesn't want to take back the powers that should be theirs, do about these issues when every thing in government and outside of government appears to be working against them?
And to restate this: this isn't an issue of "the rich." People who are margin generous sums of money are just as much a victim of this problem as the guy making $9/hr. Obviously, one of them feels the effects more, but neither of them have much chance of stopping this, do they?
And this isn't socialism vs capitalism either. I'm not talking about economies; this is pure politics. This is democracy vs despotism. Should unelected bodies have more power than elected bodies that the people who elect them? I think no.
They didn't give away. He didn't just donate to Red Cross. The money is still under his control.
He can't use it to buy a car. He can't use it to buy anything that benefits him. He controls... what money the charity gives away and what the charities fund (that don't benefit him).
that is one of the things about foundations that most people do not understand.
I used to work with high net worth people to create foundations or set up funds at community foundations.... I understand foundations. It's a terrible way to save taxes - a much better way is a trust, strategic annual gifts, etc.
I don't even know where this argument fits in with the thread. People are against charity now??? Or what's the evil that people are seeing here? That money would be better sent to the gov't?
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