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Message

re: Do socialists think that billionaires stole their money?

Posted on 2/25/20 at 7:57 am to
Posted by The Maj
Member since Sep 2016
27161 posts
Posted on 2/25/20 at 7:57 am to
quote:

Is a businessman not also a laborer?


Of course not, those evil business owners just sit in their ivory towers and count the money the poor workers make for them...
Posted by i am dan
NC
Member since Aug 2011
24784 posts
Posted on 2/25/20 at 7:57 am to
quote:

Depends what you mean by this. It would hold true with real estate, for example.


Seems like this is lost on all the liberals out in San Fran... that's why the average house now costs over $1M right.

Funny to hear these progressives spew issues when they are the worst case scenario.
Posted by Oilfieldbiology
Member since Nov 2016
37547 posts
Posted on 2/25/20 at 7:58 am to
I mean name one time an employee is richer than the owner of that enterprise
Posted by Geauxboy
NW Arkansas
Member since Oct 2006
4856 posts
Posted on 2/25/20 at 7:58 am to
quote:

They should have paid the people whose labor they used to get rich more. A lot more. It's that simple. Labor is the source of wealth. We have no problem with people having nice things. But a lot more people should profit from their labor.


Sounds like those billionaires should be put in jail for putting guns to the workers heads and threatening them with death if they didn't take the jobs.
Posted by Powerman
Member since Jan 2004
162231 posts
Posted on 2/25/20 at 7:59 am to
quote:

I mean name one time an employee is richer than the owner of that enterprise

It's possible but it wouldn't have anything to do with the earnings earned at that particular business

And it's not likely you'd see it at a huge business but a combination of frugality, good investing, inheritance, marriage could definitely produce an outcome where an employee has a higher net worth than the owner.
Posted by FairhopeTider
Fairhope, Alabama
Member since May 2012
20770 posts
Posted on 2/25/20 at 8:00 am to
Bernie had a throwaway line to Bloomberg the other night in the Debate that was kind of alarming if you ask me. He said “You should’ve shared those profits with your workers.”

Coming from a Presidential Candidate that is a true socialist who has an affinity for the Soviet Union, that was pretty scary verbiage.
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
11011 posts
Posted on 2/25/20 at 8:00 am to
People want to whine and cry about billionaires but they will keep on ordering off Amazon and not get off their asses and go buy something local to support their community. They will continue to post stupid memes about dad bods on Facebook and stump for Bernie on Twitter.

The world is full of fools and sheep.
Posted by i am dan
NC
Member since Aug 2011
24784 posts
Posted on 2/25/20 at 8:00 am to
quote:

Do you support politicians making $200k/year + benefits for life?


While 90% of their job is to solicit donations for their next election?

Sounds like they're overpaid to me.
Posted by 19557LSU
Member since Jan 2018
341 posts
Posted on 2/25/20 at 8:00 am to
So, how much is everyone’s labor worth?
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/25/20 at 8:01 am to
quote:

Depends what you mean by this. It would hold true with real estate, for example.
Posted by Plx1776
Member since Oct 2017
16243 posts
Posted on 2/25/20 at 8:01 am to
More or less. It boils down to the asinine belief of "you didn't build that".

For example: Walmart.

The belief that a cart runner at Walmart should be paid as much as the CEO of Walmart. Because the cart runner is working just as hard as the CEO. Once you become an idiot and start thinking that way, you'll start going a step further and believe that Walmart and that CEO are stealing money from the employees.
Posted by HempHead
Big Sky Country
Member since Mar 2011
55496 posts
Posted on 2/25/20 at 8:02 am to
quote:

So, how much is everyone’s labor worth?



My billing is $350/hr
Posted by The Maj
Member since Sep 2016
27161 posts
Posted on 2/25/20 at 8:03 am to
quote:

“You should’ve shared those profits with your workers.”


I will go back to what I asked earlier... What if Bloomberg's business venture(s) had failed... Would the workers owe him money back because the venture(s) failed? How much of their own money did the workers risk in the venture?

They simply do not understand that business owners are taking all of the risk and that risk provides them with a job...
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
11011 posts
Posted on 2/25/20 at 8:03 am to
quote:

that was pretty scary verbiage.


Yes, it is. And if Bernie had any sense at all he could just do a search and see that Bloomy's company has profit sharing contributions for its employees retirement plans.
Posted by Powerman
Member since Jan 2004
162231 posts
Posted on 2/25/20 at 8:03 am to
quote:

The belief that a cart runner at Walmart should be paid as much as the CEO of Walmart.

No one believes that don't be silly.

I think where people take issue is the Walton's annual income exceeds the income of every other employee in the company combined. And it's not like it's a small company.

And the guy that built it is dead. There is a 0% chance they could have built that on their own.
Posted by Oilfieldbiology
Member since Nov 2016
37547 posts
Posted on 2/25/20 at 8:05 am to
I’m currently listening to the Revolutions podcast about the Russian revolution and I listened to the French Revolution already.

We don’t live in the industrial revolution of the 18th and 19th century where workers factory workers were actually abused, mangled, and completely screwed over. People don’t like in ramshackle, quickly built pieces of shite apartments where you have to rent a corner of a room or a half of a bed because you can’t afford anything else.

The changes made by these socialist movements have generally been good for the everyday person: safety standards, reduced mandatory hours, overtime pay, and minimum wages. In fact our society has now improved with the force of strike and government fine because people don’t WANT a minimum wage worker or to be sued for negligence in the workplace.

But today’s socialist and communist still act like poor people are treated like they were in the 1700’s through early 1900’s in Europe and Russia. That’s not what we have and because of that, the solutions of Engles and Marx and the other great Austrian, French, and Russian social philosophers are not the best solution for this country.
Posted by BeNotDeceivedGal6_7
Member since May 2019
7039 posts
Posted on 2/25/20 at 8:05 am to
quote:

They should have paid the people whose labor they used to get rich more.


Which would in turn raise the cost of whatever end product that labor produced. That's how this works.
When you hire somebody to do work for you, ie mow your lawn, change your oil, paint your house, build a deck, do you hire the most expensive person or do you look for the best price? Business owners are no different.
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
11011 posts
Posted on 2/25/20 at 8:05 am to
quote:

There is a 0% chance they could have built that on their own.


You didn't build that.

If they are unhappy with what the ownership makes compared to the employees, then quit. The economy is good and there are jobs out there. If Walmart starts hurting for employees, they will pay more.

Or they will build robots to do it, which is a whole other can of worms.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/25/20 at 8:06 am to
quote:

Kinda yeah. How can anyone compete with amazon when local governments bend over backwards for them? Do you think small businesses get equal treatment?

You do realize this has been said about every major company ever, right? Among them...…..

Sears
Blockbuster
Woolworth
JC Penny
K-Mart

The list goes on.

Did you know that in the early 2000s, our govt actually looked at Blockbuster for being a possible monopoly? And, for Sears, our govt thought they were horrible for supposedly unfair trade practices in relation to malls...….and precisely the time Malls were beginning to fricking DIE>

For some reason, you liberals see the world in snapshot and have zero ability to even conceptualize that it will not remain as it is. One day, some of the companies you hate, will be overtaken even if you don't do jack shite to cause it.
Posted by The Maj
Member since Sep 2016
27161 posts
Posted on 2/25/20 at 8:06 am to
quote:

There is a 0% chance they could have built that on their own.


So, no inheritance then? Guy builds a business and is successful but cannot leave it to his heirs... The heirs have to start at zero?
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