American Consequences - April 2019

The typical working stiff puts in eight hours a day and doesn’t bother himself too much about the bigger picture. What is he doing? Why? How could he do more, work more efficiently, create a better product or service at a lower price? He doesn’t worry about it. Some people, on the other hand, get to work at 8 a.m... and stay until 8 p.m. Even after hours, they try to figure out how to make the business more profitable... how to prevent customer complaints... how to beat the competition. They miss their kids’ soccer games... they can’t remember their wedding anniversary... they stare dull-faced at cocktail parties, ignoring the banal pleasantries of their companions as their brains work on business problems. Those guys generally earn more money. Is there something wrong with that? Is there a “solution” that doesn’t make things worse? ALWAYS SCAMS The fixes are always scams – tax, regulate, redistribute. And they’re always controlled by the elite... Returning their money to its rightful owners has never been high on their priority list. And Ms. AOC? Has she got a better idea than all the social reformers and revolutionaries who came before her? Unlike them, is she untainted by sin, by ignorance, or by self-interest? Should she say who earns what? Should the heavy hand of the socialist state – instead of the invisible hand of capricious capitalism – determine what products and

Some say capitalism has failed America. More likely, America has failed capitalism. Capitalism needs capital.

services are on offer... at what price... and what profit margin? Human societies have been down that road often enough to know that they usually don’t like where they end up. We got a taste of where they end up from The Washington Post ... Household net worth dropped – the fourth biggest drop in half a century. ––––––– Capitalism didn’t fail America. We failed capitalism... When the mob turns against the rich, some of the rich put on rags and join them. CNBC: The granddaughter of Roy Disney, co- founder of The Walt Disney Co. with brother Walt Disney, said on CNBC’s “Squawk Box “ that she thinks “CEOs in general are paid far too much.” “If your CEO salary is 700, 600, 500 times your median workers’ pay, there is nobody on earth, Jesus Christ himself isn’t worth 500 times his median workers’ pay.” “The problem is that there’s a systematic favoring of people who have accumulated an enormous amount of wealth,” she said. We’ve never met a CEO who was worth even 10 times his median worker’s pay. Then, again, we never met Jesus Christ.

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