Without working class and middle class people to buy their products there is no way for heroic capitalists to make money.
Without working class and middle class people to do the dirty work for them there is no way for heroic capitalists to carry out their grand schemes.
In a healthy society, the rich and not so rich help each other. There is value in the contributions of all.
I think you miss the point: the heroic capitalist will go where capital is not abused. Typically, those places also have working and middle class people. It just won’t be American working and middle class.
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Of course there is. The rich have capital to invest and the others have labor to contribute. It is a co-dependent system. However, investment capital is the starting point and it flows where returns can be maximized. There is plenty of labor elsewhere in the world to work for the capital.
They can stop buying products if they want to.
Without working class and middle class people to do the dirty work for them there is no way for heroic capitalists to carry out their grand schemes.
If you think the employees do the dirty work you must not have ever been an employer. If you consider building a business and employing people a "grand scheme" I think you must read more Marx than Ayn Rand.
I suggest that you carefully consider your use of the word “class” in this post.
Why do you believe that lower and middle income people are somehow less capitalistic than wealthier people?
The illegal Mexican fruit vendor on the street corner is a capitalist.
The “green energy” scam artist and high-dollar donor to politicians is not so much.
LMAO...you should read Rand, Mr. Taggert.
go back to DU
Do you understand that there are more people that are in the wagon than there people pulling the wagon?
There is an estimated 13 to 15 trillion dollars in offshore banks consisting of corporate profits that would be taxed twice if brought back and invested in the USA. Taxed once in the original country earned and if brought back to the US, they would be taxed again by the US. There are hardly any other countries that do this.
We have the highest corporate tax of all of our major trading partners. We are an inhospitable country to do business in. We are paying the price.
Imagine that the legal hurdles/harassment, union thugs, high corporate taxes and double taxation were removed in America. We would see a renaissance of new investment in America with companies and wealthy beating down our doors to invest in our economy. Enact a flat consumption tax instead of income and corporate taxes and stand back.
What is sad is that it is likely other countries that will enact low flat taxes for individuals and corporations and that is where the producers and productive will migrate. We are just too damned stupid and elect politicians that are too damned stupid to change course.
“Without working class and middle class people to buy their products there is no way for heroic capitalists to make money.”
Hate to tell you but the hardest working class of people is the wealthy. To suggest they are not the “working class” is nothing but ignorant Marxism and an underhanded attempt to label them as not being workers.
Where do the middle class get their money? From the wealthy that pays their salaries.
Where do the wealthy get their money? From being middle class people that have the entrepreneurial spirit and formed their own companies and made money. 95% of all people that are wealthy did not start that way, and 9% of people that start as young adults with money lose it quickly.
There is no thing such as a “middle class” as to suggest they are stuck in the middle. To label people as such is ignorant of the fact that people make and lose fortunes throughout their life.
Most of the time, they are at the warehouse before any of the workers.
Most of the time they are there after any of the workers.
Almost always, after they leave the warehouse, there is still talk about work, and planning for the next day, and scheduling and phone calls.
Along with all this work they do above and beyond their employees, they have the pleasure of paying 7.45% FICA taxes for all the employees.
They also get to pay unemployment insurance.
They also get to pay workmans comp insurance.
They also have to carry bonding, so that if their employees damage anything (accidentally or on purpose) it will be covered.
They also get to repair all the equipment that gets broke. How do heater and AC knobs and buttons get broke? Or radio knobs, buttons or face plates? In virtually all the trucks.
I'm just a lowly construction worker, but I realize that if my employer didn't put HIS ass on the line for HIS business, I WOULDN'T have a job. If his business goes under, he can lose millions. Me, I just find a new job, I have nothing invested, so I have nothing to lose. When I leave the job site, I general don't think about the job until I'm parking my car in the lot the next day.
And one other thing: the “working classes” ARE the middle and upper classes.
I make over $200K/year running my own business. I’ve been at it for over 14 years, started with nothing, made enormous personal and financial sacrifices, and I continue to work 60+ hours per week, every week. Show me any union thug that does the same things.
Without working class and middle class people to do the dirty work for them there is no way for heroic capitalists to carry out their grand schemes.
In a healthy society, the rich and not so rich help each other. There is value in the contributions of all.
Rand made a point of noting that it's not just the capitalists, but those who work hard, contributing to society that are being victimized. For instance, early in the book, the Taggart employee who's whistling the Fifth Symphony. He's certainly not a capitalist, nor an "idea man." But he's a striker as well.
And of course, there's Eddie Willers.
Mark
“Without working class and middle class people to buy their products there is no way for heroic capitalists to make money. Without working class and middle class people to do the dirty work for them there is no way for heroic capitalists to carry out their grand schemes. In a healthy society, the rich and not so rich help each other. There is value in the contributions of all.”
Who says there isn’t value in hard work? That’s what makes hard work pay! But where your post fails is that it doesn’t recognize that in a capitalist society there are no classes—there are only earners and non-earners, notwithstanding today’s accepted political jargon. To assume that the “working class” and “middle class” are somehow leeches that can earn nothing without the “heroic capitalist” class to help them do so is further evidence of the erosion of our country and its citizens’ ability to understand basic economics. Carnegie didn’t get rich because some heroic capitalist helped him. He got rich because he worked to earn that money. Luck may have played a role, but being in the right place at the right time isn’t the only factor in getting rich, no matter how hard the left wants to pretend otherwise. And the working class and middle class move up and down based upon those factors, not based upon some “heroic capitalist’s” helpful handout.