You miss my point.October 12 2011 at 11:19 AM
Response to The beauty of capitalism is...
I'm talking about those who are effective negatively when there are layoffs due to poor management, poor economy or a combination of the two. When that happens and salaries are cut, the $400,000 a year employee/owner is less effected in a negative life altering way than the $35,0000 a year blue collar worker. I like the way you question whether the blue collar worker actually worked and earned his money. Tells us something about your perspective. I happen to have been one of the those in the $250,000 or greater families and a bump in my taxes or loss of a bonus check only impacted us by having to curtail a vacation destination or the amount we spent on vacation, not how much food we bought or whether the electric bill would get paid this month.
The blue collar worker has less control over the destiny of the company than the owner and upper management. In many cases it is incompetent management that causes a company to fold or downsize, not the economy. Many are force into those options because they get greedy when times are good and expand beyond thier means by adding more debt and bringing on more workers that then get laid off when the economy takes a down turn. They can't pay off the debt and they close shop or layoff more. They also give out pay rises and bonuses to upper management when times are expanding and rarely take that away when the company downsizes, especially the salary. I know I was one of them for 25 years. Now I'm overqualified for most opportunities at other companies or just to old to hire. I have had to adjust to a different life style. It is comfortable, but when the car needs new tires or the house a new furnace, my family feels the pinch way more than it did when I was in upper management.
Bottom line, we all need to focus on the spending side of the equation. We spend way to much on killing machines than on the life machines. We have revenue going to make war than we can ever use in any conflict, and we continue to spend, spend, spend. People were up in arms (pun intended) when Clinton cut the military budget and decided to focus on smart bomb technology that required less tanks, less ships, less planes. The Republicans cried he was destroying the military when in fact in was making it smarter and more effective. That money needed to go into alternative fuel research to lessen our dependence on foreign oil and thus our immediate need to put troops in harms way. If we spent more money on oil exploration research, maybe we could drill in Alaska without destroying the habitat. But oh no we need to let the free market dictate how we spend our money. Sorry, but the free market in most cases and especially those that have a legal monopoly on the market - oil, have no incentive to change, especially when they put politicians in power who are weened on the oil business and special interest groups tied to it.
By the way, when upper management gets a raise it is a much larger dollar increase than the blue collar worker and therefore the gap continues to widen. Sure the blue collar worker could have gone to college to try and get an upper management position, but most could not afford it or felt that being a fireman or policeman or serviceman was more honorable and satisfying than the alternative. We all can't be an owner nor a VP nor a regional manager. Some have to do the "dirty" work to keep us safe and secure. The least we can do is make them comfortable and not have to worry that they can loss it all we someone else decides to cut back, just to make the profits that keep the stock at 20 rather than 18. And yes I understand that stock price impacts the companies ability to move forward or even tread water, but many times it is the incremental push for that extra dollar that over extends the company and sends it the wrong way.
Capitalism is the most effective economic model to date, but it is not perfect and some form of safety net needs to be in place when it fails. That includes those programs that some are eager to see disappear. Call it socialism or whatever you want, the poor and less fortunate need help more than the rich or well off and that requires some form of taxation. And guess who that falls to, yes, those with the income and wealth. It is not redistribution, it is the cover charge for getting into the club that allows you to enjoy the lifestyle you are working so hard for. Yeah, I know study hard, work hard and it all falls into your lap. Well, we are all not Einstein, nor Frank Lloyd Wright or Barry Sanders. Some just don't have the brainpower or natural ability and no matter how hard they work at it, it will never happen. They are the ones who toil in obscurity barely making enough to survive that are spit on by most in this society.
- You're economically illiterate. - Anonymous on Oct 12, 12:21 PM
- Excuse me? - Anonymous on Oct 12, 10:18 PM
- You're excused. - Anonymous on Oct 13, 10:01 AM
- yeah, you do smell up the room - Anonymous on Oct 13, 10:43 AM
- Incredible. - Anonymous on Oct 13, 2:47 PM
- Yet you're quick to ascribe less than honorable intentions to "upper management". - Anonymous on Oct 13, 2:58 PM
- credibility --> window - Anonymous on Oct 12, 1:19 PM
- Just dropped in - Anonymous on Oct 12, 2:00 PM
- do drop in more - Anonymous on Oct 12, 2:58 PM
- Classic. - Anonymous on Oct 12, 10:28 PM
- troll - Anonymous on Oct 12, 10:56 PM
- Much hate there is in you. - Anonymous on Oct 13, 2:48 PM
- Thanks Yoda eom - Anonymous on Oct 14, 6:05 AM
- cucumber am i - Anonymous on Oct 14, 4:31 PM