What's with the animosity towards the wealthy?

Silver spoon job? No need for one is there?

 

Yeah. Running a multi- billion dollar business is silver spoon. Lol
i guess he’s just lucky.

 

You really thought he was self-made? Surely not?

 

Define self made. Surely you don’t think any multi billionaire all of a sudden **** his start up money do you?

 

Define something obvious? Hmmm! I've referred to the truth: Trump is a silver-spoon job. Its easy to make money when you're already rich. Of course he has shown cunning, to the detriment of Joe Average: applying a game theory 'get big and it doesn't matter what you do' approach, he knew his failures would always lead to bailout. Perhaps this also accounts why he is favourable to corporate welfare?

 

Defining self made is not so obvious. You sound a little sour grapesy. So how much did he start with compared to what he has now?
I would go out on a limb here and say you probably think all very wealthy people achieved their wealth through nefarious means.
I mean, there’s only a finite amount of wealth in the world right, so it must be tricked or stolen huh?

 

Not at all. I'm merely acknowledging the reality. He is rich because he comes from a rich family. He has maintained that position through bailouts that Joe Pleb paid for.

Everything I have I achieved through entrepreneurial activity. My Dad only gave me a good work ethic. I have never asked for a bailout. Working class people haven't suffered because of me. But heck, hero worship the corporate welfare fiends if you want. They love that and might throw you a soundbite bone.

 

So Joe Plieb made him rich. The government made him rich. Bailouts made him rich. He never did anything. He just sits in his office watching TV an rakes in the bucks wringing his fists to figure out how to screw people.
Man that is silver spoon.

 

Bit of a ramble? It isn't difficult to make money when you already have money. It isn't difficult to recover from failure when you have Joe Pleb paying for your bailouts. Look you are quite free to hero-worship the fellow. If you think that makes you feel better, then god bless. Means naff all in the reality stakes mind you

 

Actually, your the one rambling. You keep changing your definitions. I do not have trouble with companies making as much profit as the market will allow. That is why we have a free market society. As I have pointed out before, the majority of those profits are invested back into the company that allows them to implement technologies that will allow them to lower production costs, and pass the saving on to their customers. Or bring new products to the market. This is a good thing.

I will admit that I have not followed your around to read all your posts, but I can tell you that in every company that I have been involved in, Payroll is one of the largest areas of payouts. The employment costs are driven by several factors. Back in the late 90's and into the beginning of this century, the key factor for wages and salaries was that there were more jobs available then there was eligible employees. There were a series of events that fundamentally changed the employment markets. These were the Savings and Loans collapse, 9/11, and the sub-prime markets bust. These have changed the markets to an employee driven market to an employer driven market. I was working for a ball bearing plant in Winterville, GA when 9/11 took place. The company then used the aftermath to withhold bonuses, and to reduce manpower. They forced out anyone that had been there and were earning higher hourly wage. This included supervisors. They then reclassified all the Team Leaders as supervisors, and started paying them a salary instead of an hourly wage. It got so bad that the employees tried to being in the unions. But this company was Japanese owned, and they threatened to permanently close their doors if the unions were voted in. In the end, they were not voted in, and the company started offering bonuses and giving pay raises. My termination was so illegal that the Georgia Board of Labor ordered them to pay me 6 months of average pay (including average overtime), and then pay for unemployment. Of course, I was unemployed long enough to collect unemployment.

I then was hired as a Terminal Manager for a Trucking Company. I was responsible for hiring and firings. I was given a host of directives to ensure racial diversity. I ignored all of them. I simply hired the most qualified person at the time that I had an opening. Yet, I still managed to meet all the diversity standards that the company was looking for. When I first took over the terminal there was three open positions, two of which was being filled by temporary employees. Within the first year, the company added two more driver positions. There was also one driver that had been hired by the previous manager that had lied on his application. He did not have the required tractor-trailer experience that he claimed to have. This was even though he had been there for more then a year accident free. Yet, I was forced to fire him for lying on his application. So, there were six positions that had to be filled within that first year. The previous manager had a revolving door for hiring. He would misrepresent the job, and hire people that were clearly not qualified. Within a year and a half, my newest driver was celebrating his first full year with the company, and the second newest was being rewarded for a million accident miles. Prior to my being hired, the account was averaging three accidents a year, and one DOT reportable. By the time I moved to a different account, we were celebrating 10 million miles accident free as an account. I then moved to a different account where I worked the same magic, and recently retired from the company.

I know ramblings of an old man right? The point is that the labor markets are driven by a lot of factors. All of these impact wages and the number of employees that a company hires. When companies reduce labor, the someone has to work more overtime. It is cheaper to have 4 employees averaging 10 hours of overtime a week then it is to hire another person to work a 40 hour week. It is often cheaper to utilize temp labor then it is to hire a full time employee. Hard to believe since some temp labor companies can charge as much as 3.5 times the person's hourly rate. In other words, you hire someone making $10.00 per hour, it is can cost you as much as $35.00 per hour. Yet, that is still cheaper then hiring and training a new person fresh off the street. While labor costs fluctuates based on market factors, they still come out of the cost of doing business. Just as raw material costs, facility maintenance, the cost of a sales force, the care and upkeep of the equipment, and transportation costs. All take a chunk out of the potential profits. If you look at production costs vs retail pricing, you will find that there are a lot of profit left over. Don't forget that the retail outlets are going to take a chunk of that money.

Take that first terminal that I ran. That account averaged more the $120 million a year. Yet, the previous manager never saw a profit. We were self-insured. So, we assume the full cost of any accident that we are at fault in. Even a minor accident could cost you more then a million dollars. So, you can guess that a major accident can cost you most of your yearly profit. While I ran the account, we consistently turned a profit. But after you pay for labor costs, fuel costs, maintenance costs, insurance premium costs and general administration cost you do not have much profits left. On an account averaging $120 Million a year, you might get about $3 to 4 million in annual profits. Of course that money is then used to purchase new equipment. We replaced all of our Freightliner trucks with Internationals the first year that I was there. We also replaced 6 of the Chassis Trailers, and 18 of the straight truck boxes. (These were Demountables. So, you had a Chassis trailer, that had two straight truck boxes mounted on them.) These boxes were made by a truck trailer company, and had to be totally rewired to work with the demountable concept when they were recieved. Yet, another cost.

So, it is easy to classify income as Economic Rent, but not all of what you assume is profit is actually profit.

Now, you can take from this what you want, or leave all of it. I really don't give a rats rear end. I mainly typed this just to piss you off by rambling on aimlessly. I really do not have much to do with my time now that I am retired.

 

I haven't changed anything. From the start I've referred to rent. Profiteering? Rent. Monopsonistic wage power? Rent.

So, given the market allows rent, you have no problem with it? I don't really care for your "rambling on aimlessly" guff about how income could be classified as rent. I want you to show a pair. Do you support rent or not?

 

It might help to place “rent” in common terms, as in:

Do you support taking from...

Do you support stealing from...

It’s merely a sign of monopolistic practice. No need to bother with those.

 

Millionaires and billionaires spend millions and billions on luxury items. This money could have been used to save thousands of lives.

 

No. Modern Leftists support billionaires and millionaires.

I am grateful to my parents for supporting me. I always remember and love my grandmother (RIP).

I am grateful to my great-grandparents for working for Freedom, Equality, and Fraternity. They helped in building Soviet Russia. Expropriating the wealth of Elite enabled most people in Russia to live normal life given economic reality a century ago. USSR turned Totalitarian in 1930s. By that time, Jews were not welcome among decision-makers.

 

I disagree communist revolutions were the most evil events on the 1900s

 

Communism had a lot of good. People obtained Positive Rights to

-- food
-- housing
-- medical care.

Sadly in 1930s, USSR became Totalitarian.

Nevertheless, of all mortal humans, Soviet People did most to save Humankind from Nazism.

After Stalin's Reign, USSR was never Totalitarian. Late USSR was Authoritarian.

 

Stealing all the rich peoples money and killing them is totalitarian... that's what the bullshitviks did.. yes i mean every bit of that contempt.

As for food.. " if a man will not work he shall not eat"

Lol the Russians did a lot to defeat the Nazis no doubt and their lack of leadership and poor training made most of their sacrifice unnecessary.

However to say they did the most, if true, is barely true.

 

When I was building yachts I was grateful that the rich could afford a $300,000 motor vessel and keep me employed -- because I was born poor as pig's feet and needed the work they were providing me. I guess that would be closer to a million dollar vessel these days.

 

Already done. Just got a right winger copying and pasting fro Wikipedia whinging about terms.

 

How?

 

What's the difference anyway?

 

why does the right hate the working class, why are they against raising the min wage?

 

Nice false statement.. the right does not hate the working class.

The working class does not work for minimum wage.

 

What's with the animosity towards the wealthy?

Envy.

 

They don't hate the working class. Most of them are a part of the working class. They are against minimum wage because they don't believe government should be involved in how businesses pay employees.