It is fine that it is his own money or his family’s money this guy is throwing down that conceptual socialistic rathole.
Here is the problem: this guy is using his own money and the future of his company to advance socialistic concepts and the utterly moronic concept of “fairness” in wages. To anyone who thinks that “socialism is only government”, that is fine. But what of it when someone in government like Obama or virtually every person who is a member of his party uses this flawed “experiment in wage fairness” as “proof” that it is possible to run things this way, and references it to get legislation passed. Is it not part and parcel of that process?
If Bernie Sanders points to this farce as proof that his concepts “work” and convinces enough idiot voters to elect him (this is not a stretch by any means) and he then uses Executive Orders to hammer into place things that will work towards establishing this ridiculous model, is what happens at that company not an integral piece of it?
Anyone who buys into this is fooling themselves if they think it can be workable at a level beyond someone who wants to throw his money into it in order to prop it up. This is the equivalent of Bernie Sanders with a printing press for creating currency.
I believe in paying people what they are worth and treating people with respect, but paying two people the same amount of money when one of them neither has to put forth the same effort to earn it, bear the same burden of responsibility, nor expend the same amount of time, energy, and capital to get qualified enough to get to a point of doing a job is not “fairness”. It is extremely disrespectful and unfair towards one of those two people.
In the twisted, socialistic world of “wage fairness”, a person responsible for quality control on pacemakers to be implanted in the chests of sick people would get paid the same pay as a assembly line worker who dropped out of high school to do drugs and live at his parent’s house. If the assembly line worker doesn’t put a bag of desiccant inside the box before it is taped up, does that carry the same assumed risk as the guy who is responsible for quality control?
Laud this guy for throwing away his own money to try to put his money where his mouth is. But anyone who praises the concept of what he is trying to achieve, can fairly have the term “Useful Idiot” applied to them.
1) It works as long as the cash flow continues. Would appear the cash flow is from liquidation, not more sales revenue? But since a private company that info is not available?
2) This IS how our govt works, too many people overpaid. But see observation #1.
3) There are short term rewards and long term rewards. They both have different effects.
4) I would guess there is a tight job market, that affects this situation right now. How many good people are looking for a new situation but can't find one.
5) There appears to be a family situation. Like many liberals he is focused on what his brother has gotten. When it starts affecting the bosses lifestyle, this situation will change. Socialism always moves into a two class society. Find me a time in history when this did not happen.
6) This reminds me of all the collective societies/farms I remember as a kid, don't think any of them survived.
7) Note that the head cheese has NOT given up power, what does that tell you?
So was Henry Ford a socialist?
Great post.