Capitalism is the best ever.*Vegas » 25 Jul 2024, 7:25 pm » wrote: ↑ Hopefully someone else can get the crayons out for @Blackvegetable . There is no way he will have the intellectual capacity to understand this. It's also longer than 5 words, so we know he isn't going to read it anyway.
I hear a lot from the die hard Republicans and conservatives that in capitalism, we have choice. It provides a mutually beneficial contract between the employer and employee. Incorrect. It is inherently built to only benefit the employer while the employee gets ripped off. Here is why:
To keep it simple, let's just use an easy number. Let's say an employer buys something for $1.00 and he wants to turn it around and sell it for a profit. He obviously isn't going to sell it for less than a dollar, nor is he going to sell it for exactly a dollar. He must sell it for more than what he paid. This is no different with labor. If an employer pays an employee $15 an hour in exchange for the employee's time and labor, then for that employer, the employee must in return produce an output that is worth more than $15/hr. Maybe the employer wants $20/hr worth of output. If an employee doesn't not produce a value worth more than what they are paid, then the employer is cutting a loss.
Therefore, in a capitalist society, there is no such thing as paying someone what they are worth. The system is inherently built to pay the employee less than what they are worth, as to not risk breaking even or losing money.
Bidencrimefamily » 25 Jul 2024, 7:27 pm » wrote: ↑ Capitalism is the best ever.
Corporations are people to my friend.
I was just stating the facts.
@FOS said it’s better think about all relationships, including economic ones, in terms of power. In any capitalist system the employers will have more power (only a few exceptions in history to this rule) which is why he said public unions are good / necessary.*Vegas » 25 Jul 2024, 7:25 pm » wrote: ↑ Hopefully someone else can get the crayons out for @Blackvegetable . There is no way he will have the intellectual capacity to understand this. It's also longer than 5 words, so we know he isn't going to read it anyway.
I hear a lot from the die hard Republicans and conservatives that in capitalism, we have choice. It provides a mutually beneficial contract between the employer and employee. Incorrect. It is inherently built to only benefit the employer while the employee gets ripped off. Here is why:
To keep it simple, let's just use an easy number. Let's say an employer buys something for $1.00 and he wants to turn it around and sell it for a profit. He obviously isn't going to sell it for less than a dollar, nor is he going to sell it for exactly a dollar. He must sell it for more than what he paid. This is no different with labor. If an employer pays an employee $15 an hour in exchange for the employee's time and labor, then for that employer, the employee must in return produce an output that is worth more than $15/hr. Maybe the employer wants $20/hr worth of output. If an employee doesn't not produce a value worth more than what they are paid, then the employer is cutting a loss.
Therefore, in a capitalist society, there is no such thing as paying someone what they are worth. The system is inherently built to pay the employee less than what they are worth, as to not risk breaking even or losing money.
LowIQTrash » 25 Jul 2024, 7:29 pm » wrote: ↑ @FOS said it’s better think about all relationships, including economic ones, in terms of power. In any capitalist system the employers will have more power (only a few exceptions in history to this rule) which is why he said public unions are good / necessary.
Bidencrimefamily » 25 Jul 2024, 7:31 pm » wrote: ↑ Under the 2025 project they cut billionaires taxes and raise taxes on the working class.
That's the plan Stan.
Bidencrimefamily » 25 Jul 2024, 7:36 pm » wrote: ↑ I disagree with the op.
Capitalism is the best system.on the planet.
Once billionaires have more money it will trickle trickle down to the working class.
The economy doesn't grow unless billionaires have more and more money to spend.
It's plan and simple.
Bidencrimefamily » 25 Jul 2024, 7:38 pm » wrote: ↑ Just like the 2025 project you just keep giving to billionaires and they can spend more.
Raise taxes on the working class with more and more tariffs on cheaper goods till they are forced to buy the product from billionaires.
It's simple.
You haven't read the 2025 project have you.*Vegas » 25 Jul 2024, 7:42 pm » wrote: ↑ 2 + 2= 4 is also a fact and quite simple. That hardly has anything to do with the OP though, now does it?
Just admit that you never read it and you never will. You don't have the IQ level required to comprehend it.
Intrinsically, 15$ is worth nothing.*Vegas » 25 Jul 2024, 7:35 pm » wrote: ↑ I agree with unions, but that doesn't change the inherent system. If capitalism is going to succeed, then the system demands for employees to be dishonestly used by paying them an undervalued wage. The unions can negotiate a better pay with better conditions, but at the end of the day, the employees cannot be paid their worth any more than one can profit off of breaking even. If an employee is worth $15/hr and the employer pays them $15/hr, then the employer is breaking even.
170 years after Marx, Vegas figures out that workers don't earn the full value of their labor and that you can't spell capitalism without "capital".*Vegas » 25 Jul 2024, 7:25 pm » wrote: ↑ Hopefully someone else can get the crayons out for @Blackvegetable . There is no way he will have the intellectual capacity to understand this. It's also longer than 5 words, so we know he isn't going to read it anyway.
I hear a lot from the die hard Republicans and conservatives that in capitalism, we have choice. It provides a mutually beneficial contract between the employer and employee. Incorrect. It is inherently built to only benefit the employer while the employee gets ripped off. Here is why:
To keep it simple, let's just use an easy number. Let's say an employer buys something for $1.00 and he wants to turn it around and sell it for a profit. He obviously isn't going to sell it for less than a dollar, nor is he going to sell it for exactly a dollar. He must sell it for more than what he paid. This is no different with labor. If an employer pays an employee $15 an hour in exchange for the employee's time and labor, then for that employer, the employee must in return produce an output that is worth more than $15/hr. Maybe the employer wants $20/hr worth of output. If an employee doesn't not produce a value worth more than what they are paid, then the employer is cutting a loss.
Therefore, in a capitalist society, there is no such thing as paying someone what they are worth. The system is inherently built to pay the employee less than what they are worth, as to not risk breaking even or losing money.