Dear MJ: Fair is indeed subjective. If you are playing a game of golf and someone keeps forgetting those extra shots from the rough, that isn't fair. In a democracy-on-demand Republic, such as my New Constitution will form, anyone with a valid civil complaint can sue in court. No one in government, such as an unconstitutional... Czar, will be needed to keep things on the up and up.
I never read your over-sized quotes. If you have an "eye" problem, perhaps you should get magnifying glasses. — J. A. A. — > On May 12, 1:34 pm, MJ <[email protected]> wrote: > The bigger problem is that 'fair' is completely subjective and thus > meaningless EXCEPT as a means for extortion and tyranny. > Regard$, > --MJFrom the fact that people are very different it follows that, if we treat > them equally, the result must be inequality in their actual position, and > that the only way to place them in an equal position would be to treat them > differently. Equality before the law and material equality are therefore not > only different but are in conflict which each other; and we can achieve > either one or the other, but not both at the same time. -- F.A. HayekAt > 10:53 AM 5/11/2011, you wrote:MJ, Johnathon and the world of fairness need to > go the next step...... > It isABSOLUTELY UNFAIRthat the public should pay one cent more than the > actual cost > of a product. Why is there a "profit". All a "Profit does is to rip off the > consumer. > On Wed, May 11, 2011 at 8:21 AM, MJ <[email protected]> wrote:Dear > Jonathan: In any economic system there are good and bad > points.Really?Capitalism is the system in which people are free to use their > private property without outside interference.What are the 'bad > points'?Executive compensation, that has sometimes been at the expense of > theworkers cranking out the products, should be based on what is fair,not > just who the supposed leaders of the corporations are. Endorsing socialism > again, huh.What is 'fair'? Who gets to decide? Why them?Wal-Martstarted out > giving financial incentives to the managers of the stores,until the wife of > the founder insisted that workers would do a betterjob, and stay on those > jobs longer if there was a profit sharingplan. A black janitor retired after > forty or so years with thecompany and had several million dollars in the > bank. That sort offairness doesn't sound like socialism, now, does it.If you > mean Walmart VOLUNTARILY and within THEIR business model utilized 'profit > sharing', then no.But having the Government FORCE businesses to do so ... is > certainly socialism.I can't speak for Donald Trump, but in order to get > quality labor forbuilding quality real estate properties—as he knows so well > how to do—the compensation needs to be tops. In the long run, everyone in > theemployment hierarchy will benefit when fairness reigns for those atthe > bottom or at the top.Joe owns a business. He puts a sign in the window/on the > lawn advertising that he needs employees. Pete applies for the job and agrees > to wage X in exchange for task Y. Is Pete being paid fairly?FRANCE is > currently implementing the type of socialism you are endorsing hereSalin on > Sarkosy in the WSJMay 10, 2011 byPeter G. KleinAgreat op-ed from Pascal > Salin, the Mises Institute’s 2008 Schlarbaum Laureate, in yesterday’s Wall > Street Journal. Writes Pascal:[I]n his more recent statements and decisions > Mr. Sarkozy seems to have tilted France even closer toward socialism than one > might previously have thought possible. Last month, reiterating a theme that > he first broached during his election campaign, the president declared that > it is unfair that shareholders and owners get to keep all of a firm’s profit, > and that it would be more fair for company profits to be divided into three > equal parts: one for shareholders, one for wage earners and one for > reinvestment into the enterprise.This proposal suggests that Mr. Sarkozy > totally fails to understand the role and nature of profit or the workings of > a capitalist firm. A firm’s employees, like its lenders and suppliers, > receive a fixed price, their wages, in return for what they supply to the > business -- their labor. This wage is guaranteed whether the firm turns a > profit or not. The owners, in exchange for taking the risk of loss, receive > any residual income -- that is, what is left over from the business’s revenue > after the wages, suppliers and the rest have been paid. Saying that it is > unfair that owners get the profit is as meaningless as it would be to say > that it is unfair that wage-earners get all the wages.Nevertheless, Mr. > Sarkozy is now preparing to make his sense of fairness the law of the land. > After some discussions about the precise features of this proposal, his > government has now put forward a law that will force firms with more than 50 > employees to pay them a bonus whenever profit increases from one year to the > next. The precise amount of the bonus is to be negotiated with trade unions. > And of course, unlike a business’s owners, wage earners will share in the > profit but not help bear the cost of any losses.Regard$,--MJ"There is only > one boss--the customer. And he can fire everybody in the company from the > chairman on down, simply by spending his money somewhere else" -- Sam > Walton.--Thanks for being part of "PoliticalForum" at Google Groups.For > options & help seehttp://groups.google.com/group/PoliticalForum * Visit our > other community athttp://www.PoliticalForum.com/* It's active and moderated. > Register and vote in our polls.* Read the latest breaking news, and more. > -- > Mark M. Kahle H. > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help seehttp://groups.google.com/group/PoliticalForum > > * Visit our other community athttp://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
