Obama: Share the wealth?
New: Morning Question of the Day
Introducing a new category today – called “Morning Question of the Day.”
From time to time – a local, national or global current event will be published here on Hoboken411 (similar to the “Breakfast Nuggets,” but easier to digest).
These topics will have some kind of dotted line to everyone – including those living in the Mile Square.
Does Obama not know America is a Capitalist Country?
Earlier this month – President Obama addressed the U.S. Chamber of Commerce – and the general headline from his speech was:
“Corporate Profits Have To Be Shared By American Workers.”
Adding: “The benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line.”
Who the hell is anyone to dictate how a capitalist market should work?
If you offer a job – with a certain pay – you’ll have people that want to work for that wage. If the wages are too low – you’ll have a tough time finding reliable help – the market decides, you know? Furthermore – our way of living typically rewards people who work harder than others (in most entrepreneurships at least).
Mind you – I do feel that some “Corporate CEO” salaries are ridiculously high (unless they were the founders of said companies). But some blame can be placed the shareholders of those public companies for letting it happen. No one reads proxy statements, or tries to understand the complicated balance sheets of the companies they invest in – and vote accordingly. Oh well.
Do you feel more corporate profits should be “shared” or is a damn salary with benefits enough?