Capitalism. Is. Boss.

[Kevin_Kennedy]

There's nothing wrong with inheriting money. Why shouldn't someone be able to give their money to whoever they want?

 

[Paulie]

Nothing in general is wrong with Capitalism until the ultra rich, fortunate and greedy get control of it.

Capitalism, as you mentioned is meant to insure that those who work hard and have talent, reap the benefits of that hard work and talent.

However, it's time to debunk the myth that the most talented and hardest working reap the most success.

The Waltons, owners of Walmart, inherited their fortune and are in no way hard working. They sit back and reap the benefits of underpaid and overworked associates, many of which are illegal immigrants. They are also among the most greedy and stingy people in this world.

Most of the people in charge of these big corporations did not get to where they were by hard work and talent. They got there through inheritance, scheming, and the hard work of everyone else under them.

Yeah, it's not a tough job to make executive decisions for one of the biggest companies in the world or anything

The $10/hr greeters and CSR's could literally run the entire company all on their own

 

[Dr Grump]

Yeah, it's not a tough job to make executive decisions for one of the biggest companies in the world or anything

The $10/hr greeters and CSR's could literally run the entire company all on their own

Well if Enron and Lehman Bros are anything to go by, you might be right...

 

[Paulie]

Yeah, it's not a tough job to make executive decisions for one of the biggest companies in the world or anything

The $10/hr greeters and CSR's could literally run the entire company all on their own

Well if Enron and Lehman Bros are anything to go by, you might be right...

Enron was run by corruption, and I don't trust bankers as far as I can thrown them. So that's not a good comparison to Wal-mart, for me anyway.

 

[Perry2016]

Nothing in general is wrong with Capitalism until the ultra rich, fortunate and greedy get control of it.

Capitalism, as you mentioned is meant to insure that those who work hard and have talent, reap the benefits of that hard work and talent.

However, it's time to debunk the myth that the most talented and hardest working reap the most success.

The Waltons, owners of Walmart, inherited their fortune and are in no way hard working. They sit back and reap the benefits of underpaid and overworked associates, many of which are illegal immigrants. They are also among the most greedy and stingy people in this world.

Most of the people in charge of these big corporations did not get to where they were by hard work and talent. They got there through inheritance, scheming, and the hard work of everyone else under them.

Yeah, it's not a tough job to make executive decisions for one of the biggest companies in the world or anything

The $10/hr greeters and CSR's could literally run the entire company all on their own

You would be shocked to find out that most of these CEO's who you think make these decisions don't have a clue as to what's going on in their companies and succeed only because they have others under them who do.

You would also be shocked to find out that these big corporations such as Walmart receive more money in federal aid than every individual combined and they don't need it.

For example, I live in Orlando, and the Orlando Magic basketball team is owned by the billionaire and founder of Amway, Rich Devos. The city, read, taxpayers, ponied up $550 million plus dollars to build them a new arena and the Magic did not pay one single dime towards it when they most certainly could have afforded to. So instead, programs that are culturally beneficial are shut down and parks are shut down and teachers are let go, just to give and give to a billionaire. It's disgusting.

 

[Kevin_Kennedy]

Nothing in general is wrong with Capitalism until the ultra rich, fortunate and greedy get control of it.

Capitalism, as you mentioned is meant to insure that those who work hard and have talent, reap the benefits of that hard work and talent.

However, it's time to debunk the myth that the most talented and hardest working reap the most success.

The Waltons, owners of Walmart, inherited their fortune and are in no way hard working. They sit back and reap the benefits of underpaid and overworked associates, many of which are illegal immigrants. They are also among the most greedy and stingy people in this world.

Most of the people in charge of these big corporations did not get to where they were by hard work and talent. They got there through inheritance, scheming, and the hard work of everyone else under them.

Yeah, it's not a tough job to make executive decisions for one of the biggest companies in the world or anything

The $10/hr greeters and CSR's could literally run the entire company all on their own

You would be shocked to find out that most of these CEO's who you think make these decisions don't have a clue as to what's going on in their companies and succeed only because they have others under them who do.

You would also be shocked to find out that these big corporations such as Walmart receive more money in federal aid than every individual combined and they don't need it.

For example, I live in Orlando, and the Orlando Magic basketball team is owned by the billionaire and founder of Amway, Rich Devos. The city, read, taxpayers, ponied up $550 million plus dollars to build them a new arena and the Magic did not pay one single dime towards it when they most certainly could have afforded to. So instead, programs that are culturally beneficial are shut down and parks are shut down and teachers are let go, just to give and give to a billionaire. It's disgusting.

I believe the thinking behind that decision is that the Orlando Magic bring in a lot of revenue to the city and state. I agree, however, that the government, at any level, should not be building arenas for sports teams.

 

[Perry2016]

Agreed, when billionaire sports owners have the money to build arenas, they should. The thing is though, that the money the Magic bring in is almost negated by the tax breaks they get. Plus, living here, I can tell you, it's going to be tough to for them to sell the tickets at the high prices they're going to have to sell them for and now with parking at an outrageous $20, it will be hard for the average family to attend games.

Apparently this government financing of sports teams has gone on for many years. If you get a chance, give the book "Free Lunch" a read.

 

[loosecannon]

The way in which cities cater to sports franchises is a template for the way in which nations will have to cater to multinational corps in the future.

They are portable, we are location based. If we want their jobs, taxes and local revenue we will have to compete with every other nation for their presence.

The Dubaiification of the world. Or corporatization's natural extension.

Talk about disempowered labor!