Comments by "" (@walperstyle) on "PragerU"
channel.
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Uh, 'Worth' is determined by mutual agreement between the buyer and seller. If you don't believe something is worth more than $5, then you don't buy it. If enough people don't buy it, the seller is forced to lower the price or go out of business. When the seller goes out of business, in a true free market, you or I come along and fill the void, selling for whatever the market, IE, our customers, determine is fair market value.
Capitalism is fair. When it became unfair is when the government imposed minimum wage, taxes, regulations, bylaws, and other fancy schemes to take money away from customers and sellers. This drives up the cost so you don't determine what the worth is..... the government does. This is why you are already socialist, and your middle class is disappearing. You don't have Capitalism.
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Let me explain why profit is good, because socialists don't seem to understand:
Why you need Profit!
Profit allows a company to
1) give raises to harder/smarter working employees
2) invest in innovation to make things more efficient and easier for workers, if not better technology, RnD to offer a superior product, or safer equipment for employees.
3) invest in bad failed companies that were no good at doing business, and not responsible to the environment.
4) Keep a staff when demand is down, or there is hiccups in the economy. Or hire more employees when needed to provide more jobs.
5) Offer employees benefit programs like extended health care, RRSP(401K for you Americans) options, and bonuses.
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Profit is also what allowed my wife and I to sponsor two families overseas through a charity of OUR CHOICE. These families live because we help provide them with education and food.
That said, government kicked the crap out of our industry, and is now imposing a carbon tax... taking money from me, killing jobs, and instead of me willing to help these two families, that money might maybe be going to other UN nations.... maybe going to Dictators or Families?
How would you recommend I tell the two families ,that relied on my profit, that my government just killed my income, and now I can't donate to them anymore?
Seriously. I would like to know because that is the problem I will have to face this summer.
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