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.
@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.
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.
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.
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.
Q: What's wrong with this picture?A: It's a
poorly-written, simplistic view of reality?