- Joined
- Aug 30, 2013
- Messages
- 555
- Reaction score
- 104
- Location
- New Jersey, United States
- Gender
- Male
- Political Leaning
- Independent
My friend Master Legend - he is a real life Superhero that you can find at https://www.facebook.com/therealmasterlegend?fref=ts and https://www.facebook.com/pages/Master-Legend-metaphysic-super-hero/243047912386245
Has had an idea for profit sharing. Due to the economic inbalance in society. His plan was for business owners to be able to own 70% of profits earned - but that in addition to their minimum wage payments - anything extra that the business makes, it all gets redistributed back to the workers.
For example. Let's say the owner of a big chain of restaurants at the end of the month - after paying the employee's salaries and also the taxes and stuff, that they have $1,000,000.00 (one million dollars - for the dyslexic readers out there) left over - 70% of that which would be $700,000.00 (seven hundred thousand dollars) they get to keep - but that the remaining $300,000 all gets distributed back to the employees.
I'm not as smart when it comes to economics. I'm not a socialist - I think I would actually lean capitalist but not too far in that direction - I like it when everyone is prosperous.
I'm not as open-minded when it comes to social issues - I mean I'll hear what people have to say but pretty set in my ways there. When it comes to fiscal issues, I am more willing to hear all sides' ideas on this.
Has had an idea for profit sharing. Due to the economic inbalance in society. His plan was for business owners to be able to own 70% of profits earned - but that in addition to their minimum wage payments - anything extra that the business makes, it all gets redistributed back to the workers.
For example. Let's say the owner of a big chain of restaurants at the end of the month - after paying the employee's salaries and also the taxes and stuff, that they have $1,000,000.00 (one million dollars - for the dyslexic readers out there) left over - 70% of that which would be $700,000.00 (seven hundred thousand dollars) they get to keep - but that the remaining $300,000 all gets distributed back to the employees.
I'm not as smart when it comes to economics. I'm not a socialist - I think I would actually lean capitalist but not too far in that direction - I like it when everyone is prosperous.
I'm not as open-minded when it comes to social issues - I mean I'll hear what people have to say but pretty set in my ways there. When it comes to fiscal issues, I am more willing to hear all sides' ideas on this.