Ombow,
I never intended our argument to involve "G"od, you simply introduced him into the equation of my analysis. I'm sure you can see how a preteen boy might tie "G"od to a perverted priest preaching the word of "G"od within the house of "G"od. This is a personal argument for me so I'll choose not to continue it. Regarding a supreme being and faith, to each his own.
Back to business. All businesses throughout the globe clearly require customers to maintain their viability. My argument is not that I need customers to protect my investment, that is obvious, my argument is that government involvement in business at any level is criminal. Particularly when the government takes ownership of a publicly traded company. There exists no equality or fairness when it comes to the open hand of the government. The closing of GM's doors would not have destroyed my business. Would it have had a immediate negative effect on the US economy? The answer to that is an obvious yes. Private capital would have done something with GM and its factories. If not, is it not possible that Toyota, our nations number one car builder, may have taken over some of GM's plants. Or maybe an overseas Toyota competitor would have come to the US to steal some of Toyota's ever increasing market share. There are all kinds of different scenarios that could have played out had the government allowed GM to fail, some of which could have improved the product and number of jobs that GM held. Again I say, let due process take its course.
Regarding my business, you will only see what you choose to see. I do offer profit share and full benefits to my full time managers. Most of my other staff is transient part time help. They use me much as I use them. I am used as a temporary source of income for students and bored housewives. My back of the house staff is paid competitively. I can tell you that until you own your own business you will never be able to have a logical argument with me regarding distribution of profit. I am nearly 2 million dollars indebted to the bank and SBA. I am on the hook for the next 14 plus years of my life for payback of that money. Inflation and raising interest rates will ultimately destroy me if I don't find a way to build a strong cash position. I can't very well distribute every last dime of profit in order to satisfy the needs of every disloyal employee. I as a business owner have to protect my ability to pay a mortgage and fixed costs during downtimes and changes within the credit market . There is little consistency in my industry.
My point regarding my ability to operate successfully during recessionary times is that I am a hands on business owner and will do all I can to maintain profitability. An economic depression would obviously have had a more negative impact on my business had there not been some sort of economic stimulus. I'm simply saying that a government that recklessly prints money then taxes a small business owner at a higher rate has just as much of a negative impact on a business that would have had to weather the storm of an unstimulated economic recession. This administration is putting off the inevitable. I don't see things being any better than they were a year ago and turning up the presses wouldn't seem like the best answer to me as a long term solution.
I have a proposition for you. You mentioned that you currently own 220k plus shares of CORX. If CORX ever reaches $5 a share, you can practice what you preach. By that I mean use your million to open a business and create jobs for the unemployed. And make 100 percent certain that you pay your employees far more than the industry standard as well as making sure they get the bulk of the profits of your investment and business concept. I can assure you that you will be a quickly bankrupt business owner. There needs to be a difference in scales for so many reasons. I take my work home with me seven days a week. I created the concept of my business, established the credit to purchase the property and equipment through hard work and diligence, and manage its efficiency to maintain profitability on a daily basis by wearing the hats of 10 different people. You truly can't tell me that you believe low level employees deserve the same compensation as the creator of the business. It's apparent through some of your posts that you wish to make lots of money through the purchase of stocks. I also recall that you were campaigning for for donations of 100k plus for placement of ads and such on your website. I believe greed is one of the seven deadly sins. You clearly have the desire to be rich. Now I have made a lot of money in the stock market during the dot.com era. I could have easily hoarded that money for selfish reasons and used it to take strict care of myself and only myself. Instead I put it to work and created jobs for many as well as building long term financial stability for myself and my family. I'm not certain your message of "spreading the wealth" would pertain to you as you would like it to pertain to others. Maybe you can prove me wrong. I can tell you that over my 15 years in business I have given tens of thousands of dollars in donations to local and nationally recognized charities. And believe or not, some of those donations ended up in the hands of catholic priests running area fund raisers. As a "G"od fearing man, I hope some day you do indeed get to practice what you preach.
