>Sonora / Tuolumne News, Sports, & Weather, Angels Camp, Twain Harte, Jamestown | Union Democrat

Sonora, CA forecast
& Northern California web cams

News Classifieds Web
web powered by Web Search Powered by Google

Home arrow News arrow Letters arrow Letters to the Editor for January 23, 2014

Letters to the Editor for January 23, 2014

Investors take risk, get reward

To the Editor:

There have been some real good socialist ideas in the letters lately. Too bad all of us couldn’t get our business sense from a Cracker Jack box, everybody’s world would be a better place!

Employers should provide high wages, big retirement packages, and no cost health benefits.  Profits should be redistributed to employees and not the investors who took the risk. In order to produce income producing jobs companies have to survive. 

In this new global economy America is no longer the big or only dog on the block when it comes to industrial might or producer of the goods we and the world wants.  Our companies no longer operate in an environment where the competition has to face the same economic, regulatory, tax, or employee cost pressures. People like a good deal but the contrast between high wages and a low cost of living is why more and more things come from China. 

There is a difference between investment and wage income. If you work a 40 hour week you get 40 hours of pay, no risk. When you invest you could get a good return or lose it all. The idea that investors shouldn’t get dividends because it is greed is part of the war on Wall Street. The thing people miss is if you have a 401(k), pension plan, mutual fund, etc. they work off investments and you benefit from Wall Street.

If employees should be able to share profits in good years shouldn’t they also be accountable for the liabilities in bad years? That would be equitable!

The real inequity in this country is skill, education, ability, ambition, and drive and that is reflected in income. The American dream isn’t dead but this class warfare and call for redistribution will kill the drive that achieves it.

Jim Brown

Sonora


Follow UnionDemocrat.com

Today's front page

Get home delivery of the Union Democrat for only $7.00 a month. After filling out one simple and secure online form you could be on your way to learning more about your city, state and world than you ever have before.
subscribe
News
Local / Sports / Business / Stocks / News of Record / State / Nation/World / Obituaries / Submit News
Opinion
Editorials / Letters
Photos
Union Democrat Photos / Community Photos /
Classifieds
Search Classifieds / Jobs / Autos / Homes / Rentals / Place an Ad
Online Extras
Weather / Local Business Links / Community Links / Photo Reprints
Union Democrat
About / Contact / Commercial Printing / Subscriptions / Terms of Use / Site Map

© Copyright 2001 - 2014 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use

Mon, 22 Dec 2014 20:37:09 -0800