Letters to the Editor for January 23, 2014

Union Democrat staff

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

11913339
The Union Democrat
This image is copyrighted.

Reach all of Sonora, Calaveras County, Tuolumne, Angels Camp, Twain Harte, & Jamestown with your items to sell.

Ads appear Online and in Print

View Classifieds Place an Ad

Connect with The Union Democrat

Union Democrat Newsstand

Friday August 26, 2016

Read digital interactive editions of our publications

Read Today's Edition Take A Tour

More Publications by The Union Democrat

View All Publications
Why should taxpayers pay for closed primaries?

08/22/2016

California’s June presidential primary election is now just a memory, long ago ... more

Not the way to do minority outreach

08/22/2016

In the nanosecond between Donald Trump’s foot-in-mouth moments this week, just before ... more

Letters to the Editor for August 23, 2016

08/22/2016

Trump, the narcissist To the Editor: True to the narcissistic pattern, Trump ... more

Letters to the Editor for Aug. 25, 2016

08/25/2016

Communications badly needed To the Editor: As I was reading the article ... more

Clinton’s Achilles’ heel: absolute lack of clarity

08/23/2016

WASHINGTON — When I wrote the headline “Hillary’s heel,” I was thinking ... more