More CEO’s need to speak out about this.
Unfortunately, many are cowards and go right along with what obozo says and does.
Well, Duh. Blinding flash of the completely obvious (obvious to everyone except liberals)
Doy, Duh, Doh...
Yet another winner of the NSS (No Sh** Sherlock) Award.
As we have heard many times in the last two decades, there are 2 Americas. One believes in work and growth and morality. The other believes in forced sharing and a controlled slow decay (including population and economy) and anything-goes behaviorally. They are mutually exclusive. One side has been importing voters for decades (and likely breaking rules aplenty every election cycle) to ensure their victory, and dominates the means of education and most avenues of mass communication. The other side has only a weak political party with neither the will to fight or to change. They simply want “to protect our phoney-baloney jobs here, gentlemen!” The cracks are getting deeper. The divide is going to be very very unpleasant.
Even communistic systems realize they need some capitalism in order to be able to keep up what they do.
Cuba got wise to this decades ago. They now warmly invite tourists. So did China, with its robust market activity.
“After the two Roosevelts, America was no longer an essentially capitalist country with a sprinkling of controls. Nor was it a socialist country. It was, and still is, a modern “mixed economy,” with the philosophic base and the political future that this implies. In a mixed economy, one of the two elements gradually withers away. That element is not the state.”
from 1982, The Ominous Parallels - The End of Freedom in America - Leonard Peikoff
And yet he owns the Chicago Tribune, one of the biggest advocates for socialism in the Midwest.
Actually, there is no “wealth redistribution”, at least not long term. As Thatcher noted, “The provblem with socialism is you eventually run out of other people’s money.”
It reminds me of the Python skit where Dingus Moore steals from the rich and gives to the poor until the poor are rich and the rich are poor. The last scene is Dingus stopping a stage coach, getting everyone to empty their pockets and trying to even everything out only to be frustrated by an individual who does not display all his possessions.
Socialism bump for later.......
With the former you eventually lose both.
Both wealth redistribution and growth are actually pretty nebulous when you think about it.
In both cases the adage, “It takes money to make money” is true. A business needs to spend money on its employees to get them to do the work it wants them to do. And this is wealth redistribution.
The trouble for business is that they can get caught up in the idea that they should only make money, not spend it. Either with slavery or otherwise stiffing their employees.
Ann Coulter just had the brilliant notion that if America wants a $14 minimum wage, all it has to do is stop immigration, illegal and legal, and the minimum wage will rise that high.
But growth works that way as well. Businesses tried outsourcing, again to get cheap labor, and now they want lots of immigrants. They just don’t want to pay a fair wage for a fair days’ work.
They want to grow, but don’t want to pay for that growth.
And government doesn’t really help here, but it can make things worse. Since business doesn’t want to pay for what it gets, government tries to take away that money anyway.
Which really avoids the issue, plus doesn’t help in the long run.
Zell has definitely had it. This is the second broadside he’s made about obamnomics this month.
I think federal politicians have made it clear since W took office that they don’t want economic growth.