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Is it irony? Hypocrisy? Hyper-ideology? What do you think?

My business was incorporated. I was technically an employee of my own corporation yes, but ALL the money risked in starting and running that business was mine and my husband's. Do you think corporations just materialize money out of thin air and nobody risks anything by expending all that money for infrastructure, equipment, raw materials, insurance, transportation, legal fees, utilities, and other overhead, advertising/marketing and hiring people who may or may not produce as much as it costs to hire them?

It is different for a small business and I acknowledge that. Your personal experience is not representative of the dominant large corporations in the country. Even a small business can borrow money, which puts risks also on the lender. Also, incorporating removes personal liability and allows you to protect your personal assets. So any income your business paid to you will remain yours as well as your other assets such as your home. Only a sole proprietorship risks losing everything, including personal assets. Yes there is always risk in business, but in most large corporations no one is at risk of losing more than the employees who depend on their jobs for their livelihood. There are usually no golden parachutes for them, unlike those provided for by upper management.
 
It is different for a small business and I acknowledge that. Your personal experience is not representative of the dominant large corporations in the country. Even a small business can borrow money, which puts risks also on the lender. Also, incorporating removes personal liability and allows you to protect your personal assets. So any income your business paid to you will remain yours as well as your other assets such as your home. Only a sole proprietorship risks losing everything, including personal assets. Yes there is always risk in business, but in most large corporations no one is at risk of losing more than the employees who depend on their jobs for their livelihood. There are usually no golden parachutes for them, unlike those provided for by upper management.

Regardless, the money in the corporation belongs to the people who make up the corporation. It is not yours. It is not mine. And we have no right to tell them how they must use it in their business. Ask the folks in power in Sears, Inc. these days about consequences of risk--they are struggling to stay alive and they may not make it. Once one of the stellar big boys, it is now in serious decline. And if they fail, a whole lot of people will be out of work and not just the owners.
 
1. Is exactly why we dont need a minimum wage. Market places work out wages without intference just fine.

2. I dont see any evidence of a race to the bottom. Employers will always need to compete for employees. In a free and open market place, competition works out competitive prices and wages for everyone.

Imo artifical minimum wages hinder economies and retard their growth.

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1. No it doesn't...as evidenced by 20 years of stagnant wages and the growing wealth gap.

2. Supply and demand of labor determines whether or not employers need to compete for employees. A minimum wage helps keep employers honest when the supply exceeds the demand.

3. Can you block that Tapatalk tag line at the end of your posts?
 
How does one rationalize the number of people on food stamps and the government telling us there is almost 100% employment?

If there were so few people working, would food stamp usage be way down and not way up?

Well, it's a matter of 'are people being paid a living wage'. Higher paying manufacturing jobs are disappearing.. and it's not just because things go overseas, but it's also because of automation is getting much better and common. The wages have not been keeping up with the cost of living. A lot of people who work in the military have families on food stamps, and IMO, that is country shame.
 
It is different for a small business and I acknowledge that. Your personal experience is not representative of the dominant large corporations in the country. Even a small business can borrow money, which puts risks also on the lender. Also, incorporating removes personal liability and allows you to protect your personal assets. So any income your business paid to you will remain yours as well as your other assets such as your home. Only a sole proprietorship risks losing everything, including personal assets. Yes there is always risk in business, but in most large corporations no one is at risk of losing more than the employees who depend on their jobs for their livelihood. There are usually no golden parachutes for them, unlike those provided for by upper management.

But most businesses are small businesses. That is the backbone of America. Even most franchisees are small businesses, including some McDonalds. The trouble with the liberal left is that they want to destroy all businesses just to get at the one percent.
 
Regardless, the money in the corporation belongs to the people who make up the corporation. It is not yours. It is not mine. And we have no right to tell them how they must use it in their business. Ask the folks in power in Sears, Inc. these days about consequences of risk--they are struggling to stay alive and they may not make it. Once one of the stellar big boys, it is now in serious decline. And if they fail, a whole lot of people will be out of work and not just the owners.

But since Sears has a CEO they must be attacked.
 
Well, it's a matter of 'are people being paid a living wage'. Higher paying manufacturing jobs are disappearing.. and it's not just because things go overseas, but it's also because of automation is getting much better and common. The wages have not been keeping up with the cost of living. A lot of people who work in the military have families on food stamps, and IMO, that is country shame.

This is just the liberal party line of running up the white flag, letting the higher paying jobs leave the country, and force the minimum wage up to $15 per hour. It doesn't have to be that way if someone fights it. Liberals have thrown in the towel. This is why Trump won and Hillary lost. Blue and battleground states having higher paying job losses were told by Hillary your exact same party liberal line so they voted for Trump. It had nothing to do with Russia hacking the DNC. People losing $20 - $30 per hour jobs don't want liberals just letting their jobs leave and telling them not to worry, we have a "living wage" job of $15 per hour waiting for you at Walmart.
 
But since Sears has a CEO they must be attacked.

Sometimes, but I think that isn't the point being made. The member obviously has an impression of corporations in that he doesn't see how the laws of supply and demand, cost versus profits, etc. apply.

The analogy is an impression that going bankrupt is a tragedy for a person who could be devastated, but if a big corporation goes bankrupt, nobody who owns property in that corporation is really hurt except for being out of a job.
 
But since Sears has a CEO they must be attacked.

If the linked article earlier in the thread is anywhere near correct, he's a horrible CEO. And he's set himself up in such a way that there aren't enough other shareholders to vote him out.

ETA: Oops, might have the wrong thread. There's 2 or 3 re Sears going around right now.
 
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