Comments about ‘Letter: Who owns business?’

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Published: Thursday, Oct. 4 2012 12:00 a.m. MDT

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a bit of reality
Shawnee Mission, KS

Q: What's wrong with this picture?

A: It's a poorly-written, simplistic view of reality?

Jon W.
Murray, UT

The government provides customers, workers, as well as specifying type, quality, and quantity of products? I guess we really are all fascists.

What's wrong with this picture is that government is not the same as society. Government should be an agent to protect society and all members of it, but not an agent to provide everything to every member of society.

Mike Richards
South Jordan, Utah

Who is "at risk"? Who will lose his investment if things don't turn out? Whose employee's jobs will be lost if that business fails?" Whose customer's will lose their supplier if that business closes? Whose creditors will lose their "investment" in helping that business succeed?

The government will take no loss.

You and I will take no loss.

The OWNER of that business and those who trusted him will take the full loss.

Obama had nothing to do with creating that business, but he wants full credit.

The same roads that you and I travel will still be there. The same power lines that deliver power to our homes will still be there. The same police force that protects you and me will still be there. EVERYTHING in the infrastructure will still be there.

When a man or woman puts his or her savings at risk, he or she should profit from that risk. Unless you are willing to pay for his/her losses, you have nothing to say about the success or failure of that business.

Happy Valley Heretic
Orem, UT

Mike Richards said:
"The same roads that you and I travel will still be there. The same power lines that deliver power to our homes will still be there. The same police force that protects you and me will still be there. EVERYTHING in the infrastructure will still be there."

They just magically exist and always have they even repair and fix themselves when pixie dust falls from the sky.

"When a man or woman puts his or her savings at risk, he or she should profit from that risk. Unless you are willing to pay for his/her losses, you have nothing to say about the success or failure of that business."

The money changers are really popular with conservatives aren't they.
Technically the business owner "owns the business." but unless he/she is in the worlds oldest profession they are relying on many things that society provides from education to safety or even the magical infrastructure.

Ultra Bob
Cottonwood Heights, UT

@Jon W.

Contrary to what you may have heard, PEOPLE ARE THE GOVERNMENT. People create governments to do the will of the people. Good governments are those who represent more of the total society, Bad governments may only represent a small portion of the society.
Bad government happens when the people who create or have influence over the government are bad people.

@Mike Richards.

When the business operation fails the investor may lose some money. He does not own the workers or the customers. He can walk away and not be any worse off than before.

When the business operation fails the worker loses his investment which is time. It is not a question that he may lose it, it is gone. Further he is now in danger of losing his future.

The customer is only harmed if there is no other source for the product or service at or lower that the price.

I have not heard President Obama claiming credit for private enterprise. I have heard that republican businessmen claim that they did it all by themselves.

DVD
Taylorsville, 00

There are many hands involved in making a business a success, from the owner that gives direction and initial skill and capital to the employees that also give their skill to the investors that give capital. All need the infrastructure of the nation in order to allow their skills and capital to be used properly. We also need good government in order to keep it protected from theft and crime.

One place I'm seeing a problem is in employees' skill not being compensated for properly. It both hurts the development of skill of the person (paying what normally should be a $60K a year job at $25K a year simply because you can get away with it, for example, but the cost of that skill eat up much of the paycheck) and it hurts recruiting into that skill for future needs.

Business owners are human beings like anyone and subject to the same short-sighted decisions as anyone. Laws and regulation help guard against the consequences of short-sighted low pay decisions.

The minimum wage needs another boost. The benefits of a higher minimum wage far outweigh the costs.

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