Henery Fford was asked why he paid his employees so much more than others. His answer he wanted people to be able to afford his cars. Soon there will be no one left to afford any product the scum CEO's make. No CEO is worth multimillions a year and millions in stock options.
Originally Posted by dfwhd2
Henry was, of course, correct. I wonder what those folks overseas working for nada buy with all of their money? If THEY can afford goods and services that would otherwise be purchased in America then let's see those prices over here. At some point in time the only people making any significant money are going to be those who move money around yet create nothing and those who own cheap fast food chains.
But, I digress. Regardless of what you think about Romney's politics, his new $12M house demonstrates the flawed thinking that promotes the notion that a few very wealthy people can keep the economy moving. Here's the question: what's better for the economy, 1 $12M home being constructed or 50 $240K homes (or 100 $120K homes, for that matter)? In the end, $12M gets injected into the economy but which way spreads it around better, i.e. is more efficient?
If you look around, the ultra wealthy who support radical conservative causes aren't really in the business of making things. On one hand there are the oil-baron types (Koch Bros and others) who enjoy the profits of a product that is more like illegal drugs than an appliance - we're hooked on gasoline and there are just too many gas using vehicles around for it to be any different - then there are the media types (Rupert and his minions) who don't even manufacture the hot air they distribute, and on the other hand there are those in the financial sector who merely move money around. Now, of course, there are hundreds of thousands of small businesses who actually do a good job of keeping many people employed, but they are struggling because they are running out of customers since so many people are out of work and easy credit for borderline borrowers is a thing of the past. So, where are Henry Ford's employees now? You know, the ones being overpaid so that they can contribute to the economy by being consumers? Guess they're in Maylasia, India and China. If Americancompanies want to profit and enjoy the benefits of cheap foriegn labor then they need toclose up shop here and move everything to wherever. I'll guarantee that their fat asses won't be far out the door when someone else starts the same business here to take their place - and, they'll be glad to make "only" a few million instead of insisting on making hundreds of million. Companies that send jobs overseas need to be penalized, not rewarded, by our government. Why? Because by doing so, the government would actually be doing something that would benefit the populace instead of the very few. As it now stands, those in power are so beholden to big money and otherwise are afraid of the perceived threats of moving everything offshore that they cannot act in the best interest of our nation. Unfortunately, the tea party anger is real and should be a force for useful change, but they have unknowingly been purchased, too, by big money and are now merely another set of tools to protect the agenda of the very wealthy. Going cheap and cutting ones way to prosperity has never worked. The only thing that will is consumers here who can afford to buy someting that someone here makes.