Comments by "craxd1" (@craxd1) on "Trying to Explain Billionaires to Leftists" video.

  1. Socialists do not understand capital nor capitalism. One must keep investing money for the corporation to operate. Capital (relating to or being assets that add to the long-term net worth of a corporation) comes from corporate money and/or bank loans. That money is called capital expenditure, capital investment, and capital reinvestment. The salaries of the CEO and stockholders are paid from the profits of what is being manufactured or grown. The corporation is another person (a legal invisible entity), compared to the stockholders and CEO. If the business is unincorporated, capitalism still works in a similar manner, without the invisible entity. The socialist's problems are jealousy and greed, nothing more. They want those extra dollars being paid as salaries to the owner(s), as well as what is within the company's bank account. They do not care if the company collapses, and they surely do not understand competition in the free market, which keeps product prices low. Although, I do agree that some CEO's salaries are exorbitant, which damages the company, and you really see this in nationalized companies under socialist governance. Because of the Soviet Union's socialist policies, the capital invested in their first manufacturing plants was never continued. Buildings and machinery wear out. When the Soviet state fell, their industrial machinery was worn out, and that machinery was within old buildings that were falling apart. The politicians, who controlled these state-run corporations, at the top, took all the profits for themselves and the state, instead of reinvesting. Venezuela is another prime example. The socialist's nationalization (thievery) ideology is old, going back to the French Revolution. A revolutionary leader, Georges Danton, is a good example of the socialist's thievery and skulduggery. "The most serious accusation, which haunted him [Danton] during his arrest and formed a chief ground for his execution, was his alleged involvement with a scheme to appropriate the wealth of the French East India Company. During the reign of the Old Regime, the original French East India Company went bankrupt. It was later revived in 1785, backed by royal patronage. The Company eventually fell under the notice of the National Convention for profiteering during the war. The Company was soon liquidated while certain members of the Convention tried to push through a decree that would cause the share prices to rise before the liquidation. Discovery of the profits from this insider trading led to the blackmailing of the directors of the Company to turn over half a million livres to known associates of Danton." Sound familiar today?
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